South Korea has won the exclusive right to exploit a deep-sea mine in the Indian Ocean that could produce more than $300 million worth of minerals a year, the India Times reports. The International Seabed Authority gave the exclusive right to Seoul to develop the 10,000-square kilometer site which c
HYSY936, a jack-up drilling platform of China Oilfield Services Limited （”COSL”）, has recently set sail to Gulf of Mexico to deliver service for a contract with Petróleos Mexicanos （“PEMEX”）. COSL currently has four module rigs and two jack-up drilling platforms servicing drilling contracts for PEME
Sonardyne Inc., Houston, announces the appointment of Mike Chapman, founder of MECCO Inc., to its expanding team of sales agents in the United States. Based in Duvall, Washington, Mike has over 30 years of experience in the marine and oceanographic industries and will focus on developing Sonardyne’s
Statoil has awarded the concept and FEED Engineering Contract of the SURF package on Peregrino II in Brazil to IKM Ocean Design. The project starts immediately and will run up to the Summer 2013. Man Dir. in IKM Ocean Design, Peder Hoås, says in a press release that this is a very strategic project
Statoil has awarded the concept and FEED Engineering Contract of the SURF package on Peregrino II in Brazil to IKM Ocean Design. The project starts immediately and will run up to the Summer 2013. Peder Hoås, Managing Director in IKM Ocean Design, says in a press release that this is a very strategic
MISC confirms that a fifth body has been found on the vessel early this morning. The identity of the body has yet to be confirmed. In the meantime, efforts by the authorities and industry experts engaged by MISC are still ongoing to contain the minor slick emitting from Bunga Alpinia and to ensure t
Members of Oil & Gas UK’s fabrication forum on Thursday (26 July) met Chloe Smith, MP for Norwich North and economic secretary to the Treasury, to discuss the opportunities for growth in the UK fabrication industry. The dinner was held at Norwich City Football Club. David Ripley, Oil & Gas UK’s supp
Incat Crowther announce the launch of the 34m Catamaran Passenger Ferry, Ava Pearl. Built by Gladding-Hearn Shipbuilding in Massachusetts, USA, Ava Pearl has been delivered to Rhode Island Fast Ferry, where it will contribute to an expansion of operations. As a long-time operator of Incat Crowther f
Launching of China’s largest state of the art patrol vessel, Haixun 01, was held on July 28, in Hubei province, marking the country’s push forward to modernization of its surveillance fleet, China daily reports. The 128.6 meter long vessel weighs 5,418 tons and it can develop 37 km per hour speed. I
Tsakos Energy Navigation Limited on Friday announced a two-year time charter extension for the 2008 built, 105,392 dwt, double hull aframax tanker, Nippon Princess, with the same charterer, a state oil company. The new charter commenced in July 2012. The gross revenues from the extension of this cha
Tap Oil Limited (Tap) announces that the Final Investment Decision (FID) has been reached on the Manora Oil Development, located in the Gulf of Thailand. Tap now holds a 30% direct interest in Concession G1/48 through its subsidiary Tap Energy (Thailand) Pty Ltd, which includes the Manora oil field,
Scuba-diver scientists from the U.S. Geological Survey, with support teams from the U.S. Environmental Protection Agency, the Lower Elwha Klallam Tribe, and Washington Sea Grant, are returning to the mouth of Washington’s Elwha River this week to explore and catalogue the effect of released sediment
Royal Boskalis Westminster N.V. (Boskalis) will take a 20 percent shareholding in Chatham Rock Phosphate and assume a seat on the board, in a world-first for the undersea mining industry. It is the first time a major dredging company has taken a substantial equity position in an undersea mining proj
Cameron reported net income of $174.6 million, or $0.70 per diluted share, for the quarter ended June 30, 2012, compared with net income of $148.0 million, or $0.59 per diluted share, for the second quarter of 2011. The second quarter 2012 results include pre-tax charges of $9.9 million, or $0.04 pe
