The Finance Ministry has promulgated a regulation on management and supervision of the use of US $750 million raised from the Governmental issuance of international bonds in 2005. The money has been allocated to shipbuilding projects in loans to help modernise the industry and improve its capacity.
Safety fears about the offshore oil and gas industry are being raised in a meeting between unions and the Health and Safety Executive (HSE). The talks follow a fatal accident inquiry report into the deaths of two workers on the Brent Bravo platform. Last week operator Shell was criticised by a sheri
WASHINGTON
In a trial run of new law enforcement boats, the U.S. Coast Guard intercepted a Mexican ship fishing illegally in federal waters Friday, officials said. The Coast Guard confiscated the Mexican vessel. The boat, which had three Mexican citizens on board, was illegally fishing in the U.S. Exclusive Ec
ANCHORAGE, Alaska
ORLANDO, Fla.
At the Talisman Energy Inc.-operated Beatrice oil platform last week, work started on the installation of a 35 million GBP (USD$ 64 million) deepwater wind farm demonstrator project 25 kilometers off the east coast of Scotland. Attending were Andris Piebalgs, Energy Commissioner for the European Uni
Total (operator, 53.5%) announces an oil find in the Moho-Bilondo exploration permit, located around 80 kilometres offshore the Republic of the Congo, in water depths ranging from 600 to 900 metres. Drilled to a total vertical depth of 2,269 metres, the Mobi Marine 2 well identified two new oil-bear
It has been a slow old day. The breeze that powered the fleet away from Jersey was soon to die and all the boats had a very frustrating night drifting slowly across the channel. The tide helped initially as it pushed them towards the west, but when it turned they slowed down even more. Today [&helli
Adverse weather and swell conditions since Monday have resulted in a temporary suspension of the
Hanjin Shipping will offer a new Asia-South America service called NSX (New South America Asia Express) by exchanging slots with Evergreen. The NSX is a regular service and replaces FAS (Far East Asia-Asia-South America) that used to provide service for the Asia-Latin America trade by taking slots f
Dubai Ports World (DP World), the world’s third largest terminal operator, will invest in expanding the Centerm Container Terminal in Vancouver harbour, the company said in a statement. Sultan Ahmad Bin Sulayem, chairman of Dubai World, yesterday held talks with senior Canadian government officials
The world’s biggest independent oil tanker group Frontline has ordered two new Suezmax tankers from China’s Jiangsu Rongsheng Heavy Industries Group Co. Ltd. for an undisclosed sum, Frontline said on Monday. “The vessels will be delivered in November 2008 and February 2009,” Frontline Ltd. said in a
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