London-listed Nautical Petroleum has signalled a new capital-raising programme to finance future UK North Sea projects. Nautical is raising up to £30.35 million through the conditional place of 24.280 million new shares on the London Stock Market to finance its costs for forthcoming North Sea work.
Donsö-based Northern Offshore Services AB, which specialises in crew vessels for windpower projects at sea, is expanding heavily. The next newbuildings will be delivered in the first half of 2011 – two catamarans from Norwegian Grovfjord Mek Verksted, which will be registered to the Danish flag. The
As the sea mist hung over the harbour, Day 1 of the Pendennis Cup began with a dramatic start in the Big Class as Adela, Mariquita, Mariette and Velacarina planned their approach to the start line. Mariquita was set flying with her working topsail and Mariette with the jackyard. With one minute to g
In response to the Lee Myung-bak administration’s Four Major Rivers Restoration Project, the main opposition Democratic Party (DP) announced… hani [mappress] Source: hani, August 12, 2010;
Public submissions on Port Otago’s proposed widening and deepening of the lower harbour, covering about 13km of channel from Port Chalmers to salt marshes opposite Taiaroa Head, close on Friday. There have been anecdotal concerns raised about environmental issues, surrounding silt-laden water and si
The containership ‘MSC Chitra’, which recently collided with ‘Khalijiya-III’ at Mumbai’s Jawaharlal Nehru Port in India on August 7, was due for scrapping and will soon be sent to Alang shipyard in Gujarat, India. The Panama-flagged vessel was carrying a load of 1,200 containers and the cargo contai
Centrica Energy Upstream (‘Centrica’) and Sevan Marine ASA (‘Sevan’) have, through their respective wholly-owned subsidiaries, entered into an agreement for Sevan to acquire Centrica’s 20% equity interest in FPSO Sevan Hummingbird for a net consideration of USD 39 million. Following the transaction,
Aker Solutions and the Kazakh company KGNT Holding has established a 50/50 joint venture, Aker Caspian. The company is targeted for servicing the offshore oil and gas industry in the Kazakhstan sector of the Caspian Sea. It will offer a wide scope of services to offshore field development and mainte
Don’t expect to see dredging machines deepening the Red River any time soon, a Manitoba Conservative MP said Tuesday. Selkirk-Interlake MP James Bezan said despite calls to dredge the river to aid boat navigation and speed up the breakup of spring ice, digging out the bottom of the river in shallow
Chuck Williams of Delaware’s Division of Soil and Water Conservation has been involved with the dredging of the Assawoman Canal for 20 years… By Dennis Forney capegazette [mappress] Source: capegazette, August 12, 2010;
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) today reported its results for the quarter ended June 30, 2010. During the second quarter of 2010, the Partnership generated distributable cash flow(1) of $36.0 million, compared to $31.7 million in the sa
Nigeria Liquefied Natural Gas Limited (NLNG) has approached international banks for a potential $2 billion secured financing, banking source… (businessdayonline) [mappress] Source: businessdayonline, August 12, 2010;
U.K. natural gas grid operator National Grid PLC (NGG) Wednesday said the Grace Cosmos liquefied natural gas ship berthed at its Isle of Gra… (automatedtrader) [mappress] Source: automatedtrader, August 12, 2010;
Fertiliser industry has urged the Ministry of Petroleum (MoP) to immediately allow import of liquefied natural gas (LNG) to augment the coun… (Business Recorder) [mappress] Source: Business Recorder, August 12, 2010;
