BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea Source Control and Containment Two systems continue to collect oil and gas flowing from the Deepwater Horizon’s failed blow-out preventer (BOP) and transport them to vessels on th
Libya will allow BP to begin drilling in its offshore deepwater region next month, despite the extensive Gulf of Mexico oil spill, the head of Libya’s National Oil Co. said Sunday. Shokri Ghanem, who serves as Libya’s de facto oil minister, said the April explosion of the Deepwater Horizon rig, and
Cheniere Energy, Inc. announced today that Cheniere Marketing, LLC has assigned its existing terminal use agreement (“TUA”) with Sabine Pass LNG, L.P. to Cheniere Energy Investments, LLC (“Investments”), a subsidiary of Cheniere Energy Partners, L.P. , and concurrently entered into a Variable Capaci
Fairstar Heavy Transport NV (FAIR) announces the successful completion of a private placement towards Norwegian and international institutional investors of 25,000,000 new shares at a price of NOK 8.50 per share. The share issue represents approximately 53% of the shares outstanding prior to the pla
Members of the Shipping Committee at the Jeddah Chamber of Commerce and Industry say their industry has been seriously affected by Indian Ocean piracy. “Small shipowners refuse to operate in the waters off Yemen and Somalia because pirates mostly target small ships rather than huge vessels, which ha
China Shipping Container Lines Co., the nation’s second-biggest cargo-box carrier, plans to impose additional surcharges on transpacific shipments next month because of a global shortage of containers. The shipping line will levy an “emergency equipment surcharge” of $400 per forty-foot box from Jul
Alaska Governor Sean Parnell has signed legislation lowering the state’s tax on cruise passengers, which will go into effect in October, and thus for practical purposes reduce cruise line’s operating costs in Alaska starting in 2011. The state head tax will drop from $46 to $34.50 per passenger.
The first of 90 foundations has today been installed at the 317MW Sheringham Shoal offshore wind farm, off the coast of Norfolk, by Danish… [mappress] Source: newenergyfocus, June 28, 2010;
Mariette is one of the largest competitors taking part in the Pendennis Cup with a length overall of 42.05m. Built in the USA in 1915, she is a stunning Herreshoff designed classic schooner. Mariette’s pre-summer refit began in February and has been completed with the reinstatement of her huge saili
Statoil has signed a three-year contract with Stena Drilling for hire of the Stena Don drilling rig. The contract value is USD 437 million over a period of three years. Plans call for the semi-submersible rig to be used for drilling on the Norwegian continental shelf (NCS). The rig was also under co
Iraq’s hopes of building economic prosperity on the back of multibillion-dollar deals to develop its vast oil reserves have met a major hurdle in a lack of dock space and an impenetrable bureaucracy at its top port. Neglect, under-investment, combined with red tape, corruption and bureaucracy have l
Visiting Antarctica used to involve a long and sometimes uncomfortable crossing of the notorious Drake Passage on a small expedition ship or icebreaker. And it was expensive. As demand from less-intrepid travellers grew, mass-market cruise ships offered more affordable and smoother ways to venture t
The government says around 100 million cubic meters of earth and sand have been dredged during the ongoing projects to maintain the nation’s… [mappress] Source: world.kbs, June 28, 2010;
Singapore should address the negative environmental impacts of its sand trade with Cambodia as it prepares to host an international summit… [mappress] Source: phnompenhpost, June 28, 2010;
