India has invited bids to expand its port capacity to 1.2 billion tons. The bids are for 25 port projects worth $5.4bn. The Indian Government is also implementing the National Maritime Development Programme at an investment of $21bn out of which $12bn will be spent on ports. The expansion plans are
Petrobras has discovered evidence of oil in pre-salt reservoirs in Campos Basin offshore Brazil. The discovery was the result of the drilling of 6-ABL-57D-RJS well, located in Albacora Leste field’s concession area, below the sandstone layer fields producer. This discovery is situated 130 km off the
Chevron, the second-largest U.S. oil company, is partnering with embattled rival BP to develop an exploration block in the South China… [mappress] Source: Benzinga, June 23, 2010:
China’s leaders have ordered oil companies to beef up safety precautions for offshore oil drilling to prevent calamities similar to the… [mappress] Source: Canadianbusiness, June 23, 2010:
Woodside advises that it continues to target first LNG from the Pluto LNG Project in early 2011, having absorbed the impacts of both illegal and protected industrial action which has occurred since December 2009. Protected industrial action commenced on 28 April 2010 by 12 Mammoet crane drivers and
TGS announces the commencement of a 1650 km2 high density multi-client 3D seismic survey located in the outer part of Moray Firth off the Northeast coast of Scotland. The survey covers open as well as held acreage and is located in an area proven to be particularly prolific for hydrocarbon explorati
Senator John Cornyn (R-TX) sent a letter to Admiral Thad Allen today supporting Allegiance Capital’s request for a waiver of the Jones Act. For more than two weeks, Fred McCallister, Vice President of the Dallas-based investment bank, has been requesting a waiver of the Jones Act in order to bring b
Polarcus Limited announced today that it has received a Letter of Intent from OMV (NORGE) AS for a 3D seismic acquisition project in the Norwegian sector of the Barents Sea. The project will be acquired by POLARCUS NAILA, the Company’s second 12 streamer 3D seismic vessel. The project will commence
Eni has successfully appraised the Jangkrik gas discovery in offshore Indonesia, in the Muara Bakau PSC, Kutei Basin, East Kalimantan. The Jangkrik-2 appraisal well is located approximately 70 kilometers from the coast of Indonesia and has been drilled to 2449 m in 425m of water depth. The well enco
The Suez Canal, located in Egypt, is a 101 mile (163 km) long canal that connects the Mediterranean Sea with the Gulf of Suez, a northern… [mappress] Source: Suez Canal, June 23, 2010
Joseph Moloughney, Hudson River dredging coordinator for the New York State Canal Corp., asked the Town Board to adopt a resolution of… [mappress] Source: poststar, June 23, 2010;
Shin Yang Shipping Corporation Bhd, which made its debut on the main market of Bursa Malaysia today, is looking at a 10 to 15 per cent revenue growth for the financial year ending June 30, 2011. Its Chief Financial Officer (CFO) Richard Ling said the forecast was made on the back of the completion o
“Our turnover has… increased by 500%. As far as we’re concerned there has been no recession,” says Lee Haynes, operation manager for West Quay Cars taxi firm. His is just one Hampshire company which has benefited from a boom in the cruise industry.
Building a new cruise ship is hard work, and no one understands the struggle quite like Norwegian Cruise Line. In its quest to launch the 153,000-ton, 4,100-passenger Norwegian Epic, NCL has endured a series of setbacks — from shipyard fires to unflattering jokes about Epic’s appearance — and with t
