There has been a seven per cent increase in the number of jobs created during 2005 in the offshore UK oil and gas industry, according to a new report. Economic consultancy Experian found a total of 365,000 jobs had been created as a consequence of the
Clearing a path for energy exploration near the shores of Florida, the House Appropriations Committee voted Wednesday to allow drilling for natural gas in the Outer Continental Shelf starting in 2012. The committee action, on a 37-25 vote, sets up another confrontation over energy policy when the bi
Petroleos de Venezuela SA said it will buy 18 oil tankers from China for $1.3 billion (U.S.) as South America’s largest oil firm seeks to boost exports to Asia. Orders for the tankers were placed with China State Shipbuilding Corp., and China Shipbuilding Industry Corp., a Petroleos de Venezuela spo
Shipyard capacity needs to be vastly upgraded to meet growing world demand for LNG (liquefied natural gas) vessels since transport is a key element in the LNG supply chain. Global LNG experts who were in Doha to attend a two-day forum on Middle East LNG shipping that concluded yesterday, equivocally
Business is booming at the Arab Ship Building and Repair Yard (Asry) in Bahrain, which reports a net operating income of $44.7 million for the first four months of this year. Sixty-eight vessels, including many Very Large Crude Carriers (VLCCs), were repaired or booked for repair, the shipyard’s boa
Imtech N.V. announces that the intended acquisition of Radio Holland Group, an international specialist in marine satellite and radio communications, automation, and observation and navigation systems is definitive. The acquisition has been approved by both the NMa (Dutch Competition Authority) and
An explosion rocked an oil tanker undergoing repairs near the Philippine capital of Manila, triggering a fire that injured two crewmen before it was contained, officials said Thursday. Coast Guard chief Vice Admiral Arthur Gosingan said welding work was being done on one of M/T Daniella Natividad’s
RasGas
A 300,000-ton floating dock, the largest of its kind in the world, went into production on Wednesday in northeast China’s coastal city of Dalian. The dock, which is 340 meters long, 76 meters wide and 27 meters deep, is capable of repairing 300,000-ton crude oil carriers, bulk freighters, and contai
Bollinger Gretna, LLC, Harvey, La., a Bollinger Shipyards, Inc. company, has delivered, B. No. 280, a double hull, 80,000 BBL oil tank barge built to meet the requirements of the Oil Pollution Act of 1990 (OPA
Final approval for maintenance and improvement dredging at the boat ramp in Phinneys Harbor, under the Emmons Road Bridge and out into Little Bay, is likely to commence in late fall or early winter. An order of conditions is expected soon from the commission, which is reviewing the project. Norman H
Tanjung Offshore Bhd expects to turn in another sterling performance in the current year, thanks to the high crude oil price, said managing director Omar Khalid. He expects demand for charter vessels and engineering services by oil and gas players to continue to be strong as a result of robust oil e
Fisheries production in the region, where the Tuna Capital of the country is located, has declined by 12% from 270,812 metric tons in 2004, to 237,557 metric tons in 2005, the latest data from the Bureau of Agricultural Statistics showed. Citing the report from the regional BAS, Ma. Lourdes Lim, reg
The Cuban government is seeking to sign a contract with three oil companies in Norway, Spain and India to drill for oil in the Gulf of Mexico. The deal will be between Norway’s Norsk Hydro, Spain’s Respol YPF and India’s ONGC Videsh, Ltd., NRK Web site reported. Drilling is unlikely to begin before
