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Business & Finance

Iran: SP Phases 15, 16 to be Launched by October
Business & Finance

Iran: SP Phases 15, 16 to be Launched by October

South Pars phases 15 and 16 will be launched in October, Iran’s minister of Petroleum, Rostam Ghasemi said during a visit to the remaining phases of South Pars. Implementation of Phases 15 and 16 of SP started in 2007 with the aim of producing 50 million cubic meters of gas, 80,000 barrels of gas co

about 15 years ago
Norway: GC Rieber Shipping Agrees to Extend Charter for Subsea Vessel
Business & Finance

Norway: GC Rieber Shipping Agrees to Extend Charter for Subsea Vessel

GC Rieber Shipping and the subsea contractor Technocean has agreed on a one year extension of the charter regarding vessel “Polar Prince”. The time-charter with Technocean for the subsea vessel “Polar Prince” has been extended to September 2012. The vessel is engaged in subsea operations related to

about 15 years ago
USA: BOEMRE Confirms Fatality at Energy Resource Technology’s Platform A
Business & Finance

USA: BOEMRE Confirms Fatality at Energy Resource Technology’s Platform A

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today confirmed that agency personnel responded on August 16 to a report of a fatality at Energy Resource Technology’s High Island (HI) Block A557 Platform A. This is an oil and gas production platform approximately 75 miles

about 15 years ago
USA: Tanker Pacific Management Receives Ecology ECOPRO Award
Business & Finance

USA: Tanker Pacific Management Receives Ecology ECOPRO Award

Representatives from Washington Department of Ecology (Ecology) and the oil tank vessel industry meets in Seattle to award Exceptional Compliance Program (ECOPRO) Award to Tanker Pacific Management. The award was given to the Singapore-based company for achieving excellence in marine safety and envi

about 15 years ago
Russia: Nord Stream Completes “Golden Weld”
Business & Finance

Russia: Nord Stream Completes “Golden Weld”

The so-called “Golden Weld” – the final weld connecting its offshore and onshore parts – was completed on the first of Nord Stream’s twin pipelines today. The “Golden Weld” thus links the Russian landfall in Portovaya Bay with the pipeline across the Baltic Sea. In the coming days, Line 1 will be re

about 15 years ago
Spain: Balenciaga Shipyard Holds Launching Ceremony for ERRV Grampian Don
Business & Finance

Spain: Balenciaga Shipyard Holds Launching Ceremony for ERRV Grampian Don

The first in a series of four new designated IMT950 emergency response and rescue vessels (ERRV’s) “Grampian Don” was launched at Balenciaga Shipyard in Spain on Tuesday this week. North Star Shipping, a division of the Craig Group, will use the brand new vessel to replace older tonnage. Principal C

about 15 years ago
UK: PD Ports Welcomes Four New RTG Cranes to Teesport
Business & Finance

UK: PD Ports Welcomes Four New RTG Cranes to Teesport

The four new RTG (rubber-tyred gantry) cranes delivered to Teesport today (18.08.11) are a key component of the current £16.7million expansion of the container terminals at Teesport and represent the biggest single equipment investment in the port since the container terminal opened in 2003. The Kon

about 15 years ago
Fiji: Shipping Company Buys Passenger and Cargo Ship MV Lomaiviti Princess
Business & Finance

Fiji: Shipping Company Buys Passenger and Cargo Ship MV Lomaiviti Princess

A new passenger and cargo ship will soon start providing services to outer islands… [mappress] Source: fijitimes, August 19, 2011;

about 15 years ago
Lundin Starts Drilling on Batu Hitam Prospect, Offshore Malaysia
Business & Finance

Lundin Starts Drilling on Batu Hitam Prospect, Offshore Malaysia

Lundin Petroleum AB announces that it has commenced the drilling of the Batu Hitam prospect located in Block PM308A, offshore the east coast of Peninsular Malaysia. The Batu Hitam-1 well will test the hydrocarbon potential of a large basement high structure located in the east of the PM308A block. T

about 15 years ago
Norwegian Ministry of Petroleum and Energy Pre-Qualifies Lukoil as NCS Operator
Business & Finance

Norwegian Ministry of Petroleum and Energy Pre-Qualifies Lukoil as NCS Operator

The Ministry of Petroleum and Energy has prequalified Lukoil Oil Company as an operator on the Norwegian Continental Shelf. Lukoil Oil Company is a major independent oil and gas company headquartered in Moscow, Russia. The company has more than 150 000 employees and extensive reserves, production an

about 15 years ago
Russian State Commission Accepts Tugboat Built by Pella Shipyard
Business & Finance

Russian State Commission Accepts Tugboat Built by Pella Shipyard

Russian Maritime Register of Shipping accepted the tugboat “RB-43” building no. 926 of project 90600. At the moment the tug is transported by inland waterways to Novorossiysk, after that the tug will be put into operation at Black Sea Fleet. Azimuth tug of 90600 design is intended for harbor, coasta

about 15 years ago
BP Denies Reports of Macondo Oil Leak in U.S. Gulf of Mexico
Business & Finance

BP Denies Reports of Macondo Oil Leak in U.S. Gulf of Mexico

BP issued a denial after several reports on the Internet about new leaks in its Macondo well. “There are online reports claiming that the Macondo well is leaking and BP has responded with boats and boom. None of this is true. The well was capped on July 15th, 2010, when all oil flow was stopped, [&h

about 15 years ago
Aker Solutions Aims to Create 500 New UK Jobs
Business & Finance

Aker Solutions Aims to Create 500 New UK Jobs

International oil services company Aker Solutions aims to create 500 new UK jobs over the next year. In a bid to grow its business substantially, Norway-listed Aker Solutions is set to recruit 300 staff to its Aberdeen operation and create 200 positions at the company’s newly established west-London

about 15 years ago
Hamworthy to Inaugurate New Service Center in Brazil
Business & Finance

Hamworthy to Inaugurate New Service Center in Brazil

Hamworthy is to open a new dedicated service centre in Brazil. The new service centre represents a direct investment in a market that has offered sustained growth for the company’s oil and gas handling systems and pump systems businesses in recent years. With offices in Rio and planned workshops and

about 15 years ago
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