BMT Group Ltd, the international design, engineering and risk management consultancy, announced today that it has achieved strong financial results, despite a difficult year for the global economy and the maritime industry in particular. A turnover of £142m provided the group with an underlying operating profit of £11m in the year to 30 September 2010, £5.8m of which has been distributed to the staff through the company’s profit share schemes. Comprising 23 subsidiary companies, the BMT group has successfully focused on its core maritime offering in the organisation’s three sectors of defence, energy & environment and transport. Highlights included: the development of a new and innovative Fast Landing Craft design which met the demanding requirements set out by the UK’s Ministry of Defence; successful completion of the first sustainability strategy and management framework assessment for Guangzhou Development Industry Holding Co. Ltd, a major power company in the Pearl River Delta region of China; and partnerships with a diverse range of customers including the United States Coast Guard to provide Human Factors Engineering studies to address issues in the design and operation of equipment within demanding environments. BMT has also opened new offices in India and Brazil to better support and grow the organisation’s core businesses located in these regions and acquired the Western Australia based port
North Sea crude markets held steady mid last week, as a combination of high freight rates and absences at industry functions subdued trade. Dated Brent was assessed near last deal done at April Brent +95 cts, with Brent CFD swaps for this week also in that area. Next weeks CFDs are seen around April Brent +90 cts. Institute of Petroleum week in London is keeping trade to a minimum, as are high freight rates caused by an exodus of older vessels out of Europe in the wake of the Erika spillage
Washington State Ferries, a company that operates on routes with tremendous environmental concern and legislation, recently refit one of its ferries, Nisqually, with a bio-enhanced Oil Water Separator solution from ECP Service Corp. The Washington State Department of Transportation operates one of the largest passenger and automobile ferry services in the world, with 29 vessels capable of generating between 2,000 to 3,000 gallons of oil water in the vessels' bilge each month
Superior Industries, a manufacturer of conveyor systems and components, offers a range of barge and ship loading/unloading solutions with its TeleStacker Conveyor systems, which are custom-configured to meet the requirements of specific marine handling applications. While delivering the advantages of a lower capital investment, shorter lead times and quick onsite assembly, Superior TeleStacker Conveyor systems are an ideal and environmentally-friendly alternative to the use of labor-intensive
Bahrain's General Organisation of Sea Ports (GOP) grant Liberian-flagged 'Stolt Valor' permission to enter port for ASRY to carry out repairs The "Stolt Valor" caught fire on 15th March 2012 north of Bahrain. The fire, which broke out on board the vessel was completely extinguished by 22nd March, while the removal of all pollutants - both chemical cargo and fuel - was completed by the 29th of April, with no spillage during the transfer
The US Coast Guard informs that in conjunction with the National Transportation Safety Board, it will begin a formal hearing at the Galveston County Criminal Justice Center Monday, June 2, 2014 at 1 p.m. concerning the collision between the bulk carrier 'Summer Wind', the tugboat 'Miss Susan' and its towed barge Background On March 22, 2014, the Summer Wind was en route to the Port of Houston when it collided with a barge owned by Kirby Inland Marine
Ecology field visits help operators understand new oil transfer requirements Washington companies and operators that transfer oil over water to non-recreational vessels got some unanticipated help this month on successfully complying with the Department of Ecology (Ecology) oil transfer rules adopted in September 2006. On March 8 and 15, Ecology staff made technical assistance visits to 65 oil transfer locations across the state
RINA updates GREEN PLUS notation to cover transhipment terminals. International classification society RINA has updated its industry-leading GREEN PLUS notation to include new potential sources of pollution involving seagoing ships and ships operating at fixed locations. GREEN PLUS is awarded to new vessels that make a significant investment in design solutions, onboard equipment and operational procedures which contribute to an improvement in environmental performance beyond
The North American Emission Control Area (ECA) under MARPOL Annex VI will become enforceable on 1 August 2012 On the operative day the sulfur content of the fuel oil used on board ships operating within the ECA may not exceed 1.00 percent m/m (10,000 ppm). Ships will be required to maintain and, if requested, make available to Port State Control authorities: • Bunker delivery notes (for vessels 400 gross tonnage and above)
Hong Kong - CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that, Wenchang 19-1 North and Weizhou 12-8 West oil fields have recently commenced production. Wenchang 19-1 North oil field is located in the western Pearl River Mouth Basin with an average water depth of about 120-130 meters. This oil field has 3 producing wells and is expected to reach its peak production within the year. Wenchang 19-1 North is an independent oil field in which the Company holds 100% interest and acts as the
Australia’s oil and gas industry welcomes the appointment of Stuart Smith as the new Chief Executive Officer of the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA). APPEA Chief Executive David Byers said: “Mr Smith brings to the position a strong
The Coast Guard and California Department of Fish and Wildlife personnel are investigating a fuel spill that occurred near Pier 45 at Fishman’s Wharf in the San Francisco Bay, from the functioning Liberty Ship 'SS Jeremiah O'Brien'.
At present we are seeing lower oil prices as a function of softer demand growth in both Europe and China combined with recent output increases from OPEC, particularly Libya, together with the ongoing surge in US production, notes Douglas-Westwood in the latest 'DW Monday'.
The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent and extend the field’s lifetime with eight years. The compressor will help boost recovery rate and accelerate
The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use of fuel oil and liquefied petroleum gas (LPG) in industry, the economy ministry said on Thursday.
The US Pollution Risks publication, recently published for its members by the UK P&I Club, compiles summaries of all the Federal and state requirements on liability, COFR requirements and vessel contingency plan requirements. Legal Briefings provide an overview of certain laws and
The crew of Coast Guard Cutter Fir, a 225-foot buoy tender homeported in Astoria, Oregon, participated in a Spilled Oil Response System exercise near Blake Island, Washington, Wednesday. The exercise was part of an annual response exercise and included members of the Coast Guard 13th
Royal Dutch Shell CEO Ben van Beurden on Friday welcomed Scotland's vote against independence. "Shell welcomes the decision by the people of Scotland to remain within the UK, which reduces the operating uncertainty for businesses based in Scotland," van Beurden said in a statement.
Russia's natural resources minister said on Friday that it was highly likely that U.S. oil major Exxon Mobil Corp and its Russian counterpart Rosneft had halted operations in the Kara Sea due to Western sanctions over Ukraine. "I have heard information about the possibility of such an event
ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration slapped sanctions on Moscow to suspend such operations by Western oil majors.
U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic. U.S. sanctions on Russia over its aggression in the Ukraine seek to stop billions of dollars worth of cooperation between
Colombia's top energy company Ecopetrol is targeting production of 1 million barrels of oil equivalent per day in 2015, a steep recovery over this year, clouded by rebel attacks on infrastructure and exploration failures. Ecopetrol chief financial officer Magda Manosalva told a
Russia's biggest oil producer Rosneft said on Saturday that Exxon Mobil was still continuing exploration drilling at their joint project in the Arctic Kara Sea. "The work on the University well is continuing according to plan. We are satisfied with the decision of the U.S
Nigeria's oil minister announced a 213 billion naira (1.3 billion US dollar) bail-out package for power companies on Saturday, nearly a year after the sector was privatised. Despite holding the world's ninth largest gas reserves
Nigerian oil workers' unions have called off a four-day strike after reaching a deal with the government in a dispute over pensions, they said on Saturday. A joint statement from the two main unions also said they had agreed to resolve directly with the state oil firm an outstanding