U.S. naval forces have deployed off the Somali coast to prevent leaders of defeated Islamic militias escaping. Kenya has also significantly tightened border security to stop an influx of fleeing fighters, as aid agencies called for help for genuine refugees. Uganda's president is traveling to Ethiopia to discuss forming an African force to stabilize the country. A two-week advance by Ethiopian troops swept the Islamic militias from areas they had controlled for six months. Source: BBC
European Union transport ministers welcomed proposals to tighten safety rules for oil tankers in the wake of the disastrous Erika oil spill off France's Atlantic coast last year. Ministers from the 15 EU states had an initial discussion of proposals put forward by the EU's executive Commission, but took no decisions. The Commission has called for a series of measures, including the phasing out of single-hulled oil tankers and the tightening up of port inspections
The captain of the tanker Erika, which sank off France's west coast in December causing a huge oil spill, said crews had to work to such tight budgets that safety standards could not always be met. "There are certain things that nobody dares to say, but the job has changed a lot, everything is going too fast, everything is dominated by money," the 36-year-old captain said. The Erika's crew was winched to safety when the vessel split apart and sank in stormy seas on December 12.
At a scheduled meeting today, the Governing Board of the International Energy Agency discussed the current restraints on world oil supply, the significant decline in oil stocks worldwide and the sharp rise in oil prices. They expressed concern that the tightening supply situation could feed inflation and slow economic growth, thereby giving rise to problems particularly for developing countries. “Such instability would be in no one’s interest,” said Robert Priddle
The Panama Canal Authority (ACP) Board of Directors has unanimously appointed engineer Jose Barrios Ng as its new deputy administrator after serving as ACP chief financial officer since 2002. He will continue to oversee his former position until a replacement is appointed. Barrios Ng holds a master's in economics engineering from the University of California at Los Angeles, a master's in electrical engineering from Georgia Tech and a degree in corporate finance from the Massachusetts
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 123 points in the week ending Monday to 5,726. "A major resurgence from Japanese interests heated the spot market in the Pacific with rates rising accordingly. Because of the tightened supply situation any new interest will boost the market," SS&Y said. "Several charterers have already covered early November positions, but enquiries are still relatively plentiful leading to a conclusion of continued strength in the Pacific for
Exxon-Mobil has toughened its policy on using tankers more than 20 years old, shipbrokers said. The company has adopted a policy of accepting vessels more than 20 years old only on a case-by case basis after senior chartering managers' approval. The move mirrors several oil companies' increasing reluctance to charter older tankers in the wake of the break up of the fuel oil tanker Erika in December. Heavy pollution of French beaches resulted from the sinking.
According to a June 20 report from the Associated Press, in reaction to the oil spill in the Gulf of Mexico, Britain has doubled rig inspections. Bulgaria scrapped plans for a new oil pipeline. Canada's offshore regulator is tightening oversight of its deepest-ever exploration well, being drilled by Chevron off the coast of Newfoundland. Meanwhile, China's offshore oil company, China National Offshore Oil Corp., or CNOOC
Coast Guard crews are overseeing the containment of product and pollution to minimize environmental impact from the fire at McCotters Marina in Washington, Jan. 7. Two thousand feet of boom was deployed to encircle the marina, and absorbent pads were placed within the boom where sheen was apparent. Eastern Environmental Management, a contracted cleanup company based from Rocky Mountain, N.C., is working to collect the absorbent pads and tighten up the boom.
China's Tianjin Port Holdings has found no evidence of an alleged fraud involving petrochemicals reported by media earlier this month, the company said in a statement on Monday. Citing police and trade sources, Reuters had reported police were investigating a suspected contract fraud at Tianjin Port that involved "mixed aromatics", a refinery product commonly used for blending petrol. But Tianjin Port said it had made checks with the companies said to be involved and had found
Since day one of its 2012 formation, Tentec Training has provided training and competence assurance programs in the assembly and tightening of bolted connections. Along with providing hands-on practical and theory training in the U.K., which lead to an Engineering Construction Industry Training
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Glencore Oil Projects AG for the engineering and material supply of a steam reformer heater for hydrogen production for the Orsknefteorgsyntez
Brent crude prices will move higher after some first half July weakness predicts NYC-based PIRA Energy Group. Brent crude prices will move higher after some first half July weakness with tighter global crude markets and reduced OPEC spare capacity even as Saudi Arabia makes up for lower Iraqi
The first day of the refloating operation of the Costa Concordia has concluded successfully. Confirming technician’s estimations, the wreck is now afloat thanks to the buoyancy given by sponsons, 2.2 meters off the false sea bed, and has been towed for about 30 meters eastwards
Didier Vassal, Vice President OEM and Maritime Services at Victaulic, compares the flanged and grooved pipe-joining methodologies and explains the advantages that grooved pipe joints provide over flanges. Efficient piping systems are essential for the range of services needed on board a
National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, said orders fell by nearly a quarter in the first quarter and it expects demand for new offshore rigs to slow during the second half of the year. The company's shares fell about 7 percent.
Should Russia occupy more Ukrainian soil and sustain the already tense relations with the West, the U.S. government may decide to release crude from its Strategic Petroleum Reserve (SPR) – perhaps 500,000-700,000 barrels per day as suggested by the Financial Times
North Sea crude premiums held strong on Tuesday, supported by solid demand from Shell, and traders said the market for June-loading cargos could remain strong due to tighter supply. Loading programmes for North Sea crude in June have started to be issued this week and traders say summer
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has finalized the acquisition of the Siemens Environmental Systems and Services business that supplies and services clean air technologies for use in power plants and industrial facilities
Jurong Port will carry out construction work from 15 May to 15 October at Chevron Oronite Jetty Osak 4, Jurong Island. According to the Maritime and Port Authority of Singapore Port Marine Notice No.60 of 2014, the works will be conducted 24 hours daily -including Sundays & Public
Canada moved on Tuesday to strengthen its response plan for oil spills at sea ahead of the development of new pipelines that would sharply increase tanker traffic in Canadian waters if they are built. Among the new measures, the federal government said it would remove a per-incident liability
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Marubeni Corporation for the engineering and material supply of a new Terrace Wall steam reformer heater, including an air preheating system
Offshore energy, whether oil, gas or wind, faces a tightening regime of restrictions. In Germany, for example, the German Federal Bureau of Maritime Traffic and Hydrography (BSH) recently updated its standards for offshore wind energy units, offshore converter and inverter stations
Brent crude held near $115 a barrel on Friday, close to a nine-month high, and was headed for its second weekly gain on increased risks of disruption to supply from Iraq. Iraqi government forces battled Sunni militants for control of the country's biggest refinery on Thursday
MAN Diesel & Turbo inform that licensee Doosan Engine has confirmed delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA