The ‘Offshore Runner’ vessel (Yard No 358) for Raj Shipping Agencies Ltd, Mumbai was successfully launched on February 11 at Dempo Shipbuilding and Engineering Pvt Ltd, Old Goa.
An unlocked hatch on a French trawler may have caused the death of six men in the English Channel, an inquest has found. Only one fisherman survived from the crew of seven when La P’tite Julie sank off Cornwall in January.
Bad weather has thwarted attempts by investigators to board a trawler that ran aground on Hirta, St Kilda. The Marine Accident Investigation Branch (MAIB) has only been able to fly over the vessel, which became wedged on rocks two weeks ago.
The future of a Devon shipyard and the 160 people who work there has been secured for up to five years. Appledore yard, owned by Babcock Marine, will help build hull sections for the UK’s two next generation of aircraft carriers.
Aker Kvaerner has entered into an agreement which gives full ownership of Finnish RR Offshore and ends the co-operation between Aker Kvaerner and it’s former Russian partner ST Holdings. As part of the agreement, Aker Kvaerner sells its shares in the Astrakhan Korabel yard to ST Holding. The parties
StatoilHydro has awarded Aker Kvaerner a contract for modifications of the Troll C platform. The object of the Troll low pressure production (LPP) is to facilitate increased oil recovery on Troll West called “long term production”. The contract is a full EPCI contract covering all engineering discip
PetroChina Petrochemical Company has selected Dow’s UNIPOL(TM) Polypropylene Process Technology for its new 300 KTA polypropylene facility, and Aker Kvaerner will provide the extended process design package and technical advisory services.
Declares Increased Dividend of $0.85 per Share for Q4 2007 Increases 2008 Quarterly Dividend Target Rate to $0.85 per share Announces $50 Million Share Repurchase Program.
Cabot Oil & Gas Corporation announced success with its initial wells at Trawick field, continued success with its horizontal drilling program at County Line in east Texas, more success at Hinton in Canada and the success of its early initiatives in the Marcellus shale in Appalachia.
Cabot Oil & Gas Corporation today announced its results for 2007 that highlight another strong year both operationally and financially.
Knightsbridge Tankers Limited reports net income of $60.4 million and earnings per share of $3.53 for the fourth quarter of 2007. Included in the net income figure is a gain of $49.1 million resulting from the sale of 1995- built VLCC Chelsea in December 2007. Earnings per share in the fourth quarte
Austal USA has selected General Dynamics Advanced Information Systems as the ship mission system integrator for its Joint High Speed Vessel (JHSV). The JHSV will provide the U.S. Navy and the U.S. Army with superior capability to perform intra-theater lift. General Dynamics Advanced Information Syst
Lundin Petroleum AB is pleased to announce the start of drilling operations in Block 5B, Sudan. The exploration well Nyal-1, located on the western flank of the basin was spudded on Thursday, 7 February 2008. The well is located in the ‘dry land’ area of the block where several prospects have been i
Vopak has reached agreement in principal with First Reserve Corporation to form a strategic joint venture company for the Freeport oil terminal facility, known as Borco oil terminal, on the Grand Bahama Island (Bahamas). Vopak and First Reserve agreed that the terminal will be operated by Vopak and
