The Vintage Yachting Games will bring together competitors in past Olympic Classes for a combined event every four years to celebrate their glory days at the pinnacle of Olympic sailing. The inaugural event is scheduled for Medemblik, Netherlands in September 2008. The International Class Associatio
PRODUCTION from two new projects helped push Santos’s sales revenue for the first half to a record $1.3 billion, up 29 per cent on a year earlier. The company’s first-half production was 28.7 million barrels of oil equivalent (mmboe) – a record – up 2.4 mmboe on the first six calendar months of 2005
Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company with a development project in the United Arab Emirates, is pleased to provide an update on the Mubarek Field Project. Sky Petroleum and Crescent Petroleum Company International Limited (“Crescent”), the operator of the Mubarek Field, have agr
Hemi Energy (Pink Sheets: HMGP – News) is finalizing the acquisition of approximately 104 additional wells. These additional wells are located adjacent and offsetting to the 63 wells currently being upgraded and converted to EOR (Enhanced Oil Recovery). This acquisition will allow for ongoing expans
Samsung Heavy Industries(SHI) on July 27 announced that it concluded a contract with Atlantico consortium to build and operate a shipyard at the Suape area in Brazil, and to give technology support on ship construction design to this shipyard. Atlantico is a consortium composed of four companies, es
Total (operator, 100%) announces an oil discovery in Block NC 191 in southwestern Libya, around 800 kilometres south of Tripoli. This is the first find in the block, located in the southern Murzuq Basin and awarded to Total in March 2001. Drilled to a total depth of 1,735 metres, the D1 well tested
TYNESIDE shipyard Swan Hunter – the only yard in the UK with a ship-breaking licence – yesterday cast doubt over whether it will buy HMS Intrepid from the MoD. Swans wants to create jobs by recycling Intrepid, the next ship due to be scrapped by the Government. However, the yard is questioning wheth
SHIPS are most likely to be attacked by pirates around Indonesia and Bangladesh, although Somalia has emerged as a new hotspot. The Piracy Reporting Centre at the International Maritime Bureau listed 127 pirate attacks worldwide in the first six months of this year, the same as in the previous six m
Tuesday, OMI Corp., international tanker owner and operator, reported second quarter earnings that soared from last year on gains from the disposal of vessels. Revenue increased 23% due to more operating days from vessels acquired and higher rates. Excluding the gain on sale of vessels, the earnings
The Finance Ministry has promulgated a regulation on management and supervision of the use of US $750 million raised from the Governmental issuance of international bonds in 2005. The money has been allocated to shipbuilding projects in loans to help modernise the industry and improve its capacity.
Safety fears about the offshore oil and gas industry are being raised in a meeting between unions and the Health and Safety Executive (HSE). The talks follow a fatal accident inquiry report into the deaths of two workers on the Brent Bravo platform. Last week operator Shell was criticised by a sheri
WASHINGTON
In a trial run of new law enforcement boats, the U.S. Coast Guard intercepted a Mexican ship fishing illegally in federal waters Friday, officials said. The Coast Guard confiscated the Mexican vessel. The boat, which had three Mexican citizens on board, was illegally fishing in the U.S. Exclusive Ec
ANCHORAGE, Alaska
