The U.S. Coast Guard responded to and recovered three members from a fishing vessel that was on fire. An HH-60 Jayhawk helicopter from Coast Guard Air Station Astoria, Ore. and an 47-ft. Motor Lifeboat from Station Cape Disappointment (Wash.) responded to a distress call from the fishing vessel Rear Fisher. The distress call, stating the 58-ft. fishing vessel was on fire and the crew abandon ship for a life raft, was confirmed by the fishing vessel Backlash. The three members of the Ilwaco-based fishing vessel were recovered by the Coast Guard and the F/V Backlash; and transported to Station Cape Disappointment. One crewmember was taken to Emmanuel Hospital, in Portland, suffering from burns on his face, arms, and back. The other two members were in good condition.
The first political backlash from the recent explosion and sinking of Deepwater Horizon appears to be the Department of Interior’s Minerals Management Service, as it movement is reportedly underway to split the agency that polices the offshore drilling industry, according to articles in the May 12 edition of the Wall Street Journal. The impetus for the split? As currently configured, MMS is responsible both to ensure safety of oil drilling in federal waters
Southington, Conn. -- August 11, 2011... For speed and position monitoring on large diameter shafts, Baumer introduces their HDMag line of high-precision, bearing-less and contact-free magnetic tape encoders. Replacing expensive and complicated specialized solutions that require belts, gears, couplings and linkages, the HDMag series of encoders is easy to install and will direct mount onto almost any large-shaft torque motor or generator.
India will announce the auctioning of 80-85 oil and gas blocks for exploration and production in the seventh licensing round under New Exploration Licensing Policy (NELP) in the first week of November. Oil regulator Directorate General of Hydrocarbons (DGH) has carved out 80-85 blocks to be offered for bidding under NELP-VII. The total acreage of the blocks on offer is about 0.4 million square kilometers. Offshore blocks on both east and west coast would be offered
VULKAN Couplings is launching the VULKARDAN G 84 at the Koremarine in Busan (26th to 29th October 2011, Hall LB, Stand Number 0.58), and this coupling has especially been designed for generator drives and electric motors in the medium power range. With the arrival of this product innovation, the company has supplemented the VULKARDAN G product range that has been recently launched for marine drive components in order to be able to cater for a higher torque range up to 63 kNm
A backlash against older tankers and flags of convenience, triggered by the December sinking of the Erika off the coast of France, achieved a tangible first step last week with the signing of a Ship Safety Charter by oil majors and ship classification firms involved in the French petroleum shipping industry. The parties signing the three-page document, including TotalFina, Elf Aquitaine, BP Amoco France, Royal Dutch/Shell France, Esso France
Global oil prices surged on Tuesday as a weaker U.S. dollar boosted buying, while expectations for bullish inventory reports in the U.S. and fresh unrest in eastern Ukraine lent support. As the U.S. dollar plunged to session lows against the Japanese yen and the euro, U.S. crude oil spiked $2 to a session high of $102.44 per barrel. Brent rose as much as $1.48 to a session high of $107.30 per barrel. A weaker U.S
By Rich DeSimone The economic storm signals are all around us: the wild swings in stock markets globally, the contraction of credit availability worldwide and the frequent use of the dreaded “R” word. Is the United States headed for a deep recession? Is a recession already under way? Will the slowing U.S. economy drag the rest of the world’s countries into recession as well?
BP Exploration and Production Inc. Agrees to Plead Guilty to Felony Manslaughter, Environmental Crimes and Obstruction of Congress Surrounding Deepwater Horizon Incident; BP Agrees to Pay a Record $4 Billion in Criminal Fines and Penalties Two Highest-Ranking BP Supervisors on Deepwater Horizon Oil Rig Charged with Manslaughter and Former Senior BP Executive Charged with Obstruction of Congress. BP Exploration and Production Inc
2002 will surely not be counted as “a banner year” for many, if any, industries, particularly not for the leisure and travel niche. The cruise industry survived a tough year, as terrorism, a shakey economy and sickness outbreaks onboard ships grabbed headlines. But it is important to note that the industry did survive. Cruise lines were not as profitable as years past, but last year’s challenges present future opporunities.