India will commence production of gas from its first deep sea fields at Krishna Godavari basin in Bay of Bengal before this monsoon, Oil and Natural Gas Corporation chairman Subir Raha said today.
Myanmar says it has the world’s tenth-biggest gas reserves estimated at more than 90 trillion cubic feet (Tcf) in its 19 onshore and three major offshore fields, although the BP Statistical Review puts proven gas reserves much lower at 19 Tcf.
Aker Kvaerner has been awarded a contract with Samsung Heavy Industries Co. Ltd in South Korea for delivery of bow loading systems for three new shuttle tankers able to operate in arctic conditions.
The world’s biggest container ship is on its maiden voyage to Europe from Shanghai. With four more vessels of similar size due this year, sending launches to a record 1,992, the shipping industry faces a capacity glut.
President Bush still faces bipartisan rancor in Congress over terrorism vulnerabilities at American ports even though an election-year veto battle over a Dubai-owned company’s U.S. port plans has been defused.
Mullen said the Navy would need to spend about $13.5 billion a year on shipbuilding to support the new construction plan and increase the size of the fleet. The 2007 defense budget, submitted to Congress last month, calls for spending $10.5 billion.
Dubai Ports World (DPW) is to transfer its US ports business to a “US entity” to end a row over its takeover of P&O.
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Members of the Senate Armed Services Committee raised concerns Thursday that the Defense Department’s fiscal 2007 budget request does not support a plan to increase the Navy’s fleet from 281 to 313 ships.
South Korea, the world’s fifth- largest oil importer, won control of a Nigerian drilling venture, pledging as much as $6 billion of investments and defeating a bid from India.
British Waterways is investing
Fishermen in Somalia have appealed to the United Nations and the international community to help them rid the country’s southern shores of foreign ships allegedly engaged in illegal fishing.
The fast-attack submarine USS Scranton (SSN 756) successfully demonstrated homing and docking of an Unmanned Undersea Vehicle (UUV) system during at-sea testing in January 2006.
Up to 70 super-sailing yachts will gather in Majorca in June 2007 prior to the America’s Cup to race in the Palma Superyacht Week which, among other events, will now include the New Zealand Millennium Cup
