Mexico’s discovery of a huge cocaine shipment from Colombia grew even larger on Thursday as the government more than doubled the size of the haul to 23 tons, making it one of the world’s biggest drug busts. Police, navy and customs officers found the drugs, the second major seizure in the past month
Lau Lau is the first unit of the new design of the 70 WallyPower motor yacht line. Built at WallyEurope in Fano, the yacht made her successful debut at the Monaco Yacht Show. Lau Lau is a further development of the motor yacht model introduced in 2005 with Lunch Boat and combining the open-air livin
In summer, 2007 a grand celebration took place at Bodrum Marina, TURKEY, as Aegean Yacht unveiled its new vessel GALILEO, the 50 meter classic three-masted schooner. This superyacht has become the 40th yacht launched at the Aegean Yacht boatyard and the biggest of her type in the history of Turkish
Chevron Corporation today reported net income of $3.7 billion ($1.75 per share – diluted) for the third quarter 2007, compared with $5 billion ($2.29 per share – diluted) in the year-ago period. Results for the 2007 quarter included approximately $400 million ($0.19 per share) of net charges associa
The super maxi Skandia, one of four major contenders for line honours in this year’s Rolex Sydney Hobart Yacht Race, will return to offshore racing in this weekend’s race across Bass Strait from Melbourne to Stanley on the north-west tip of Tasmania.
Hartlepool Council faces legal bills of up to £1m following the row over the scrapping of so-called ‘ghost ships’. Able UK says it will be seeking costs incurred during a planning inquiry.
A trawler fishing off the Kent coast has dredged up its second unexploded World War II mine in three weeks. The Millenia caught the parachute mine off Margate on Wednesday afternoon.
The nation’s oil and gas industry has recorded another landmark development as Single Buoy Moorings (SBM) Incorporated, a Swiss-based offshore contractor installed trellines in Shell’s Bonga deepwater field, the first to be installed during crude oil production in the country.
Aker Yards has signed a contract with ‘K’ Line Offshore AS for building of four Platform Supply Vessels of Aker Yards design. The total value of this contract is approximately NOK 1,4 billion. Delivery of the four Platform Supply Vessels is scheduled between fourth quarter of 2010 and third quarter
Mexican police and customs have seized more than 11 tons of cocaine at a port on the country’s Pacific coast, one of the largest-ever hauls in Mexico, the government said on Wednesday. Police found the narcotics, the second major haul this month, on board a Hong Kong-flagged container ship
Third quarter 2007 revenues were $94.7 million, up 22.2% from $77.5 million for the third quarter of 2006. Operating income was $44.9 million, or 47.4% of revenues, for the third quarter of 2007 compared to $37.7 million, or 48.6% of revenues, for the prior-year quarter. Net income for the third qua
Triangle Petroleum Corporation is pleased to report that the Company has now drilled two exploration test wells into the Horton Bluff shale formation on its 516,000 gross acre land position in Nova Scotia, Canada. The Horton Bluff shale formation is the exploration target for an unconventional gas r
Atlas Copco today announced it has acquired the remaining 75% of shares in its joint venture company Shenyang Ruifeng Machinery Ltd, strengthening its production in China of core components for construction tools.
Keppel AmFELS Inc. (Keppel AmFELS), the US wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured contracts from Rowan Companies, Inc. (Rowan) to build four jackup rigs. Each rig is valued at US$195 million, which includes owner furnished equipment.
