Two of the major independent players in the UK sector of the North Sea are to combine with EnQuest set to buy out debt-ridden Stratic Energy. EnQuest is offering an all share transaction to acquire Stratic based on one EnQuest share for every 0.896 Stratic share, with a 70% premium to Stratic’s shar
Port Metro Vancouver has released the 2010 mid-year results of overall throughputs in the Cargo Statistics Report. The report shows that 2010 is building momentum, with an overall tonnage increase of 20 per cent totalling 58.4 million tonnes to date. “As a significant economic generator for Metro Va
LNG Energy Ltd. is pleased to announce that the acquisition of 27km of 2D seismic on LNG’s 100% working interest PPL 319 in Papua New Guinea has been completed. PPL 319 lies between InterOil Corporation’s (“InterOil”) recent Miocene aged Elk/Antelope discovery in PPLs 237 and 238 and the Mesozoic ag
According to internal assessments at Noble Energy, the U.S. partner in the Leviathan offshore gas exploration site off Israel’s coast… by By Lior Zeno (Haaretz) [mappress] Source: Haaretz, August 4, 2010:
MPI Workboats are happy to announce that it has exercised an option for the construction of a further state of the art, purpose built wind farm support aluminium catamaran for delivery in June 2011. This extension to the company’s new building programme will compliment the sister vessel currently un
The Yachting division of Van der Velden® Marine Systems, a member of the Holland Yachting Group, will exhibit at the Monaco Yacht Show (22-25 September 2010). Highlights of its presentation will include the green BARKE® rudder and the revolutionary EPS™ thruster. Van der Velden can be found in the D
Kidnap and ransom premiums paid to insure against Somali piracy have slumped since the BBC Trinidad was hijacked in the Gulf of Aden in August 2008 as escalating attacks spurred more companies to offer coverage. Buying $5 million of coverage now costs as little as $15,000 per voyage, half the peak r
The Greek Ministry has accepted Germanischer Lloyd’s (GL) extended dry docking (EDD) programme. GL offers owners and operators the chance to extend the dry-docking period from five to seven-and-a-half-years. This option provides maximum scheduling flexibility while maintaining the highest standards
More than ever dredging is in the news. Be it the land reclamation projects in Dubai and Abu Dhabi or the cleanup actions in the Gulf of Mexico and China, or the urgency of coastal protection against rising sea levels in this time of climate change. All are reasons why governments continue to invest
BW Offshore has signed a US$150 million contract for the completion of the FPSO OSX-1 project. Assisting the owner, a subsidiary of the Brazilian publicly traded company OSX Brasil S/A, providing engineering services, detailing the equipment required for the customization activity, and supporting th
A recent court decision has again raised the issue of how ships are governed by laws aimed at restricting or banning the international movement of hazardous wastes. While cargo residues were the subject of the case last week, other legal decisions have concerned ships as export items of hazardous wa
The ministry of ports and shipping (MoPS) and Port Qasim Authority (PQA) have agreed, in principle, to step back from the over Rs 15 billion… (brecorder) [mappress] Source: brecorder, August 4, 2010;
Pinellas County Commissioners expressed frustration July 27 over continued spending to keep Lake Seminole up to required standards. At the… By Suzette Porter (tbnweekly) [mappress] Source: tbnweekly, August 4, 2010;
BP announced today that the MC252 well appears to have reached a static condition — a significant milestone. The well pressure is now being controlled by the hydrostatic pressure of the drilling mud, which is the desired outcome of the static kill procedure carried out yesterday (US Central time). P
