Bermuda-based Ship Finance International Ltd. agreed to buy an oil rig for $185 million from Sweden-based Consafe Offshore AB and lease it back to the offshore oil and gas company for 30 years.
The Government of Equatorial Guinea, approved the acquisition of a 50% participation in the Block L production division agreement. Located in the Muni River Basin’s deep water portion, at depths ranging from 500 to 2,200 meters, the Block covers an area of 4,250 km
Moonen Shipyards, the well-known Dutch builder of high-quality
A Department of Defense worker from North Carolina will serve 44 months in federal prison for his role in a case involving bribes between Norfolk Naval Shipyard workers and freight-shipping companies.
HONOLULU
Hyundai Heavy Industries Co. said yesterday it reduced the time needed to assemble a 105,000-metric-ton crude carrier onshore from 85 days to 55 days.
GROTON– The U.S. Navy’s decision Monday to award the post-construction shakedown contract on the USS Texas to Electric Boat could result in fewer layoffs at the Groton shipyard next year.
It is time to break out the chocolate onboard ABN AMRO ONE (Mike Sanderson) to celebrate crossing the second ice waypoint last night and passing the first scoring gate on leg two of the Volvo Ocean Race. They have now earned 3.5 points
The latest news from Brasil 1 VOR team is that they will restart the race from South Africa today at 10 am (local time Brasilia), exactly five days after it moored in Port Elizabeth, South Africa.
China’s 2.3-billion-dollar Nigerian oil venture is a major step forward for the energy ravenous country as it seeks to power its fast-growing economy but analysts said Tuesday the race was just heating up.
China National Offshore Oil Corp (CNOOC) Monday said that it had put into operation another oilfield in the South China Sea shortly after announcing its discovery of a new oil reserve of up to 200 million cubic metres in Bohai Bay.
THE bill for dredging the seabed to remove radioactive particles from Dounreay nuclear power station could be
A ship nearly 1,000 feet long and wide enough to accommodate 18 rows of containers has made its maiden voyage to the Port of Oakland, testing out the deepened shipping channels in the Oakland Estuary.
There are huge losses in the fleet tonight as ABN AMRO (Mike Sanderson) continues to streak towards Melbourne at a comforting 18 knots, while the rest of the fleet is barely managing 10 knots.
