luor Corporationannounced financial results for its third quarter ended September 30, 2011. Net earnings attributable to Fluor for the third quarter were $135 million, or $0.78 per diluted share, compared with a loss of $54 million, or $0.30 per diluted share a year ago. Segment profit for the third
The huge Australian offshore gas project Ichthys will cost more than the anticipated total of $30 billion, the head of French oil major Total said on Thursday. “It will cost a little more than expected for environmental reasons… We had originally said $30 billion,” Total Chief Executive Christophe d
On November 3rd, Shipyard Ferus Smit delivered vessel under the yard-number 395 to Royal Wagenborg. The ship, trading under the name Finnborg, is the fifth in a series of six ice-class 1A, nozzle equipped, 14.600 ton vessels the yard is building for Wagenborg. The first ship of this series is the MV
The Board of Directors of Otto Marine Limited announces that the Company or its nominee has entered into a Memorandum of Agreement with Aries AP Limited or its nominee, in respect of the sale of a vessel, Hull 7061 for consideration of US$19 million. The Company expects the Vessel to be completed in
The Board of Directors of Otto Marine Limited announced that the Company or its nominee has entered into a Memorandum of Agreement with Aries AP Limited or its nominee, in respect of the sale of a AHTS vessel, Hull 7061 (the “Vessel”) for consideration of US$19 million. The Company expects the Vesse
Kenya plans to delineate more exploration blocks deep offshore, an oil conference heard on Thursday… Reuters [mappress] Source: Reuters, November 04, 2011; Image: Lion Petroleum
Statoil increases its equity in the Valemon project through an asset swap with Total. Statoil and Total E&P Norge AS have signed a sales and purchase agreement whereby Statoil acquires Total’s full share in the Valemon unit, 2.5% (5% in PL193B and carve-out of PL193) for a transfer of a 2.0% share i
As a part of the company’s industry-leading new vessel building program, Crowley Maritime Corp. christened its largest and fastest articulated tug-barge (ATB), the Legacy/750-1, today in New Orleans. The high-capacity tank barge is able to carry up to 330,000-barrels of petroleum products and the 16
Statoil has signed an agreement to acquire Hess’ 3.26% ownership in the Barents Sea Snøhvit Unit and adjacent production licences. Statoil acquires Hess’ 11.25% participation interest in PL097 and 8.33% participation interest in PL110 together constituting a 3.26% participation interest in the Snøhv
Mooring Systems Ltd has launched what is believed to be the most adaptable offshore, mobile spooler of its kind in the UK, that will offer significant advantages for clients operating in the oil and gas and the renewables markets. The spooler, which was designed and built by Caley Ocean Systems at E
Mooring Systems Ltd has launched what is believed to be the most adaptable offshore, mobile spooler of its kind in the UK, that will offer significant advantages for clients operating in the oil and gas and the renewables markets. The spooler, which was designed and built by Caley Ocean Systems at E
Addressing the 4th Annual Med Freight Conference, APM Terminals Director of Port Investments for Europe and the Mediterranean, John Trenchard cited both long-term demographic trends and the expected introduction of larger vessels into regional Mediterranean trades as driving factors of port developm
Addressing the 4th Annual Med Freight Conference, APM Terminals Director of Port Investments for Europe and the Mediterranean, John Trenchard cited both long-term demographic trends and the expected introduction of larger vessels into regional Mediterranean trades as driving factors of port developm
Petrobras announces the new discovery of gas accumulation in the post-salt area of the Espírito Santo Basin, in Concession BM-ES-21 (Block ES-M-414), located 135 kilometers from the city of Vitória, in the state of Espírito Santo. The discovery was made during drilling operations of well 1-BRSA-983-
