Abraxas Petroleum Corporation today provided operational results on the Gisler #1, an exploratory well targeting the Wilcox formation, located in Karnes County of South Texas. The Gisler #1 was drilled vertically to a total depth of approximately 13,000′, completed without stimulation and placed on-
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. confirmed today that the White Rose oil field resumed production, 350 kilometres southeast of St. John’s, Newfoundland and Labrador. In accordance with its ice management protocols, the Company shut-in production on the SeaR
Patrick Knowles Designs has purchased the property adjacent to its current office location on Northeast 18th Street in Fort Lauderdale and is reconfiguring the new space to double the size of its offices.
The FPSO Petrojarl Cidade de Rio das Ostras has received first oil from Petrobras’ Siri field offshore Brazil.
Congratulations are due this week to OCEAN Independence’s Palma office, where sales broker Marc Haendle has signed four new Central Agency agreements for new construction projects with two shipyards. The results of many months of negotiation, these deals are a testimony to Marc’s visionary approach
Hyundai Heavy Industries, the world’s biggest shipbuilder, has won a $300 million order to build two very large crude carriers (VLCCs) from Korea Line. “We’ve won such orders for VLCCs with a 300,000 ton each from the local company about $150 million per vessel,’’ a Hyundai spokesperson said. The of
Several hundred passengers on a luxury round-the-world cruise-ship tour were stuck Thursday on an island in the Atlantic Ocean after the vessel’s owners ran into legal troubles. The 460 passengers and 200 crew members were marooned after their cruise ship sailed into a port in the Madeira Islands, a
STAFF jobs in Europe’s shipbuilding industry were up last year for the first time in decades, a conference in Brussels heard this week. Almost five years after the start of the current order boom and around six after the industry bemoaned the fact that it was facing its worst crisis since the Second
To achieve its goal of becoming one of the top three steel makers globally, South Korea’s Pohang Iron and Steel Co., or POSCO, currently ranked No. 4, said Thursday that it is interested to buy Daewoo Shipbuilding, with the intent to lock in a big customer.
LR-Fairplay reports that the Panama Canal Authority has awarded its largest contract to date, for the dredging of the Pacific entrance to the Canal, to Dredging International.
Wärtsilä has in March signed agreements for two turnkey power plants to two Brazilian power producers at the end of March. The combined value of the orders is EUR 188 million. The power plants are expected to be fully operational at the beginning of 2010.
Aker Kvaerner has signed a three-year frame agreement with Petrobras to supply subsea trees and related equipment in Brazil. The agreement is worth approximately USD 223 million. Scope of work comprises 45 subsea trees, six complete tool sets plus related accessories and spare parts. Work for all eq
Dockwise Ltd. announces that their subsidiary Dockwise Shipping was awarded four (4) contracts for the transportation of drilling and production equipment. Dockwise Shipping will transport jack-up drilling rigs Transocean Nordic, Murmanskaya and Atwoord Aurora within 2008. The PetroProd CJ 70 produc
Energy Resource Technology GOM, Inc. (ERT), a wholly owned subsidiary of Helix Energy Solutions, has agreed to sell a 30% working interest in its Danny Noonan discoveries (Garden Banks Blocks 463, 506 and 507) and other Outer Continental Shelf oil and gas properties (East Cameron Blocks 371 and 381)
