New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program, New Standard now has seismic and drilling to commence in Year Two before the new deadline of March 2016, with only minor expenditure on geological studies in Year One required before then. New Standard requested a suspension of the work program for PEL570 acreage and a deferral of the planned seismic due to the uncertainty surrounding the ownership of the Company’s PEL570 joint venture partner, Ambassador Oil and Gas Limited (ASX: AQO, Ambassador), which is the subject of two competing takeover offers. New Standard has now received notification from the South Australian State regulator, the Department of State Development (DSD, formerly DMITRE) that the Company was successful in its application, resulting in: 1. suspension of all work commitments in its five year work program at PEL570 in the Cooper Basin for six months; and 2. deferral of the requirement to undertake a seismic program from Year One to Year Two of the work program, which moves the target completion date for New Standard’s PEL570 seismic survey back 18 months from September 2014 to March 2016. New Standard holds a 52.5 per cent operator position of PEL570, subject to completion of required exploration activities under a farm-in agreement with Ambassador.
Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada. This was the result of a land sale issued by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). The land parcels are located west of Statoil’s Mizzen discovery in the Flemish Pass Basin. Statoil will be the operator of both licences with a 50 % interest
SMM is increasingly becoming a platform for the upmarket segment of super yachts. This area is presented at the SMM at Hamburg Trade Fair by shipyards, and all relevant equipment suppliers exhibit at the leading shipbuilding fair. For the first time this year there will be a special exhibition focus on super yachts in Hall 8. Over 1,600 companies from 50 countries will present the latest developments in all areas of the maritime sector at 22nd Shipbuilding, Machinery & Marine Technology
During the period of reclamation of Ayer Chawan Basin, Jurong Island, Singapore –which has now been extended and will be conducted from 15 June to 14 December –bulk carriers, self-propelled barges and pusher tugs with barges in composite unit carrying bulk sand will transit the Banyan Basin, Sinki Fairway, Temasek Fairway and West Jurong Channel to Ayer Chawan Basin reclamation project area. Masters of vessels and harbour craft shall keep a proper lookout for these vessels
Burger Boat Company announced that Asia-Pacific Boating and China Boating magazines have nominated Tò-Kalòn, a 101 ft Burger Enclosed Bridge Motor Yacht, for “Most Innovative Exterior Yacht Design of the Year” and INGOT, a 153 ft Burger Tri-Deck Motor Yacht, for “Best Motor Yacht” (86 feet and up) for the 2009 Asia Boating Awards. The Annual Asia Boating Award was created by Asia-Pacific Boating and China Boating magazines to recognize the best of the
The Port of Cape Town is experiencing pressure on its ship-servicing and marine-surveyor services due to insufficient capacity, says Arthur James, head of maritime law at law firm Webber Wentzel Bowens, according to a report on www.businessday.co.za. James has warned that if nothing is done, the city’s port might soon lose lucrative business to other ports such as Walvis Bay, Luanda and Maputo, costing jobs and economic growth.
DNV MED-B certification opens yacht market for Navis AP4000 autopilot. Helsinki-based Navis Engineering Oy has passed an important milestone in the yacht sector, after receiving MED-B type approval for its latest generation type AP4000 autopilot from classification society Det Norske Veritas (DNV). Issued for a five-year period, the MED-B certificate provides assurance that the product complies with all the relevant international standards imposed on marine equipment of this type
By Larry Pearson Palmer Johnson, luxury yacht builder, has a new president and is introducing a new line of sport yachts. Mike Kelsey, Jr. was elected president of the Sturgeon Bay, Wisc. yacht builder in June 2004. Kelsey's grandfather, Patrick Haggerty, founder of Texas Instruments, purchased the yard in 1961. Kelsey's father Mike Kelsey, Sr. immediately went to work for Haggerty and passed the knowledge of fine yacht building down to his son.
Bradford Marine, Inc. announced that James (Jimmy) Floyd has joined the Bradford Marine Team as Sales and Marketing Professional. Floyd has an extensive knowledge of the yachting industry. He started his yachting career many years ago as Dockmaster at Bradford Marine, and since 1981, he has been involved in the yachting industry through Smallwood's, a well-known family business. Bradford Marine is one of the world’s largest undercover yacht repair facilities
International classification society Bureau Veritas has opened a Yacht Technical Office in . It provides a center of expertise for all issues relating to the construction, classification and statutory certification of mega yachts. Maxime Pachot, manager of the Yacht Technical Office, says, "The technical issues which face yacht designers, builders and owners are getting more and more specialized. Mega yachts are often at the cutting edge of design, materials use and equipment
Rising levels of CO2 are making it hard for fish to breathe in addition to exacerbating global warming and ocean acidification. Climate change has caused a drop in the amount of oxygen dissolved in the oceans in some parts of the world
The Northwest Seaport Alliance has signed on to participate in Green Marine, North America’s largest voluntary environmental certification program for the maritime industry. Green Marine encourages its participants—ship owners
TGS announces the expansion of its multi-client library offshore Eastern Canada with plans to acquire more than 36,000 km of 2D seismic data, in partnership with PGS, utilizing two vessels during the 2016 acquisition season. The M/V Sanco Spirit and M/V Atlantic Explorer
The Maritime and Port Authority of Singapore (MPA) has started the construction of a new container terminal at the western end of the island to replace existing container port facilities and consolidate operations for the long term.
Uwe Beckmeyer, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy paid a visit to MTU Reman Technologies in Magdeburg to find out more about the company’s development operations in the maritime sector.
Hong Kong bulker Pacific Basin has proposed a one-for-one rights issue in a bid to raise approximately $150.6m for strengthening its long term equity capital. The shipping company plans to sell around 1.9 billion rights shares at a price of HKD0.60 per share, representing a 58
Keppel FELS Brasil Secures MODEC FPSO Project Keppel Offshore & Marine Ltd, through subsidiary Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore)
West Calcasieu Port officials have awarded a $1.6 million construction contract to Orion Marine Construction, Inc. for the replacement of bulkheading along the port’s waterfront on the Gulf Intracoastal Waterway. “The West Cal Port Board of Commissioners was impressed with the
Malaysia has opened an area of its offshore waters to the multi-client seismic model for the first time. The move is a result of a new initiative by Petronas to stimulate offshore E&P investment activity. “A consortium comprising of PGS, TGS and Schlumberger WesternGeco
Asian spot prices for liquefied natural gas (LNG) slipped this week in line with transaction levels in a string of recently awarded tenders. LNG for May delivery in Asia traded at around $4.30 per million British thermal units (mmBtu), compared with $4.50 per mmBtu last week.
Niels Aalund, Chairman of the Houston Maritime Museum, announced plans for the museum’s new home located at the Turning Basin at the Port of Houston. “Expanding the current museum and moving to the Port of Houston will allow us to better fulfill our mission,” Aalund said
Shipping companies are increasingly gathering information from the fleet in order to improve their operations and safety performance. Without easy–to-use and data smart systems potential insights and improvements may be lost. Time-consuming reporting to various stakeholders may reduce focus
The 74-meter long luxury superyacht built at Vlissingen shipyard has started shipbuilder's sea trials. Amels is now recognised as one of the most successful superyacht builders in Holland. "Even the chilly Dutch North Sea looks rather nice when graced by the gorgeous
Seven Somali men accused of hijacking a French yacht in an assault in which its owner was killed and his wife abducted in the Arabian Sea four years ago appeared before a French court on Tuesday, all facing life sentences. The men have not been charged with homicide