Matt Allen’s Jones 70 Ichi Ban, which moved into third place when Skandia broke the top of its mast, suffered its own misfortune at 10.30am this morning when their port rudder blade snapped.
Daewoo Shipbuilding and Marine Engineering Co., the world’s third-largest shipbuilder, said on Friday it has won a 606.1 billion won ($644.8 million) order to build a drillship for an unidentified company in Oceania.
North east of Tasman Island, barring mishap, the race leader Wild Oats XI is certain to take line honours and rewrite Rolex Sydney Hobart history as only the second yacht in 63 years to win line honours in three consecutive years.
At approximately 2.30am whilst under A2 spinnaker, sailing off Bicheno on the Tasmanian east coast with 150 miles to go, Skandia’s mast broke between the third spreader and the forestay.
Shell China Exploration and Production Company Limited has acquired a 55% equity interest in a coalbed methane venture in Shanxi Province and will take over as operator. China’s Ministry of Commerce recently approved an agreement for Shell to acquire Verona Development Corporation’s majority equity
Xcite Energy, a heavy oil company focused on the development of discovered resources in the UK North Sea, is pleased to announce that the 9/3b-5 appraisal well on the Bentley field has now spudded. The Company anticipates reaching its target depth in the second week of January, and expects testing t
Three men have been rescued by lifeboat after their motor cruiser sank 11 miles east of Southend Pier in Essex. Southend RNLI lifeboat was called to a drifting boat and as it arrived the men were seen in the water clinging to the structure of their sinking craft.
Total, as operator of the Block 17, announces the award of the principal contracts for the giant Pazflor oil development, the third development centre on Block 17, deep offshore Angola, following Girassol and Dalia. Drilling operations are planned to commence in 2009 and oil production is scheduled
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer”) announced today that during December the Company closed three previously announced acquisitions, expanding its substantial position in the Spraberry and Raton fields and gaining additional acreage in the Barnett Shale, a new focus area for Pio
Brazil’s state-controlled oil multinational Petrobras announced Wednesday, December 26, in its end of the year summing up, that it has set another daily oil-production record in Brazil: 2.238,000 barrels, a mark only eight companies in the world have reached.
Light winds appear to have robbed the British maxi City Index Leopard of any chance to challenge Wild Oats XI for line honours in the 63rd Rolex Sydney Hobart Yacht Race. Wild Oats XI started the day with a nine nautical mile lead over the British boat but with the wind swinging from the north [&hel
A second crewman has been injured and a third yacht has this afternoon retired from the 63rd Rolex Sydney Hobart Yacht Race. The NSW yacht Pretty Fly II, skippered by Colin Woods, is heading for Eden this afternoon after crew member Derek Brown suffered a suspected broken nose and cheek bone when he
Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced the start of new service that consolidates the Singapore-Durban shuttle service (ZAX) and the Shanghai-Singapore service (CS1), effective January 2008. With this consolidation, the new service will call at major ports in Chi
‘We’re hoping to catch skate and sole’, barked skipper Paul Klyne over the din of the catamaran’s diesel motor, ‘all cod would be an absolute disaster!’ EU quotas meant only 10,000 tonnes of cod could be taken legally from the North Sea by British boats this year.
