Oil production in Latin American countries outside of the OPEC cartel and Mexico should average 4.66Mb/d in 2010, an increase from the 4.61Mb/d previously forecasted, OPEC said in its April oil market report. Argentine oil supply experienced an upward revision of 10,000b/d due to healthy production
Integrated offshore oilfield services provider Great Offshore on Tuesday reported a marginal growth of 2.38 per cent in net profit to Rs 73.05 crore for the fourth quarter ended March 2010. The company had a net profit of Rs 71.35 crore in the same period of the pre-vious financial year. Total incom
Transocean, the world’s largest offshore drilling contractor, has announced that its shares will begin trading on SIX Swiss Exchange (SIX) under the symbol (RIGN). Transocean’s shares also trade on the New York Stock Exchange under the symbol (RIG). “With our company headquarters located in Switzerl
Transocean Ltd. today reported a fire onboard its semisubmersible drilling rig Deepwater Horizon. The incident occurred April 20, 2010 at approximately 10:00 p.m. central time in the United States Gulf of Mexico. The rig was located approximately 41 miles offshore Louisiana on Mississippi Canyon blo
Mitsubishi Heavy Industries (MHI) has completed a new development related to floating production, storage and offloading units for liquefied natural gas (LNG-FPSO). Mitsubishi has obtained two kinds of approval in principle (AIP) from major international ship classification societies. In tandem with
Flight restrictions affecting Helicopter flights to offshore oil platforms in the UK and Norwegian sectors of the North Sea have been… [mappress] Source: Aberdeenjournal,April 21, 2010;
A New Jersey federal court judge has bluntly rejected what he implied was a “judge shopping” attempt by parties battling over a consolidation of lawsuits targeting the Delaware River deepening project. Judge Joel A. Pisano made the point in denying a compromise that would have merged New Jersey’s ch
Piles of garbage forming small islands in the East Flood Canal (KBT) have drawn serious attention from Jakarta capital city government. To overcome that problem, the government has given direct instructions to East and North Jakarta Mayors as well as local heads of urban villages to immediately remo
Coordination of feasibility study of the project of construction of new Baku International Sea Trade Port Complex to be located in Alat settlement in 40 km south of Baku has been finished. The Azerbaijani government says that readiness of technical documentation enables to begin works on port constr
State officials are proposing the financially troubled Port of Richmond become part of the Virginia Port Authority, a move that could significantly reduce freight traffic on highways and save millions in road construction along Interstate 64… [mappress] Source:styleweekly,April 22,2010;
Opponents of a massive cargo terminal along North Carolina’s coast have filed a complaint challenging the conclusions of a U.S. Army Corps of Engineers study recommending that state and federal officials move forward with a feasibility study.
The International Maritime Bureau’s (IMB) latest quarterly report on Piracy and Armed Robbery Against Ships recorded a total of 67 incidents of piracy worldwide in the first three months of 2010. Twenty-six vessels were boarded, 18 were fired upon, there were twelve attempted attacks and eleven vess
The main political parties have been spelling out their views on the future of North Sea oil and gas. The offshore industry delivers huge sums of money for the Treasury and has offered decades of prosperity to the north east of Scotland. Vast quantities of oil and gas remain under the seabed, but it
The Queensland Council of Unions (QCU) says the State Government is giving taxpayers a bad deal by leasing the Port of Brisbane. Bids have opened for the 99-year lease of the cargo port as part of the Queensland Government’s controversial multi-billion dollar privatisation plan.
