Orphan News

TGS and Petroleum Geo-Services (PGS) announce the commencement of a new 3D multi-client project in East Canada. The new Tablelands 3D Geostreamer survey will cover approximately 8,000 km² in an active Newfoundland area of the Flemish Pass and Orphan Basins. Acquisition is expected to complete in late Q3 2018. Following this eighth consecutive season of data acquisition offshore East Canada, the jointly-owned library will have more than 175,000 km of 2D GeoStreamer data and approximately 36,500 km2 of 3D GeoStreamer data. An expansive well log library is also available in the region, along with advanced multi-client interpretation products that will improve play, trend and prospect delineation.

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, utilizing the PGS GeoStreamer technology, will acquire seismic and gravity data in the Labrador Sea, Newfoundland Orphan-Flemish Pass basins and Grand Banks areas. Data acquisition will commence during late May 2016. Pre-processing of the initial GeoStreamer signal will be performed by PGS following which TGS will perform data processing with final data available to clients in Q3 2017.

Continuing support from key markets across Asia helped Contship Italia Group, the leading container terminal and intermodal transport operator in Italy, to report a steady set of results for 2015. Contship Italia Group terminals handled a total of 6.3 million TEUs last year on the back of increased volumes at La Spezia Container Terminal (LSCT), its main gateway for Asian cargo. LSCT, with four weekly calls from China, the Far East, and South East Asia, continues the positive trend that has seen Asia trade via La Spezia increase by 3.5% on the previous year (up 19% over the past five years). In 2015, 197 of 938 total calls at LSCT were associated with Asia services offered by the 2M, O3 and CKYHE alliances handling vessels in the 10,000-14,000 TEU capacity range.

Port of Ystad saw record breaking traffic numbers in 2015, retaining the port’s position as Sweden’s third largest ferry passenger port. The largest increase was in bus traffic, which increased by 30,7 % compared to 2014. “The numbers from 2015 show that the traffic in Port of Ystad continues to grow, with the exception of railway waggons where we saw a minor decrease. The conventional goods as well as goods on trucks and trailers increased, making the total number higher than last years” says Björn Boström, CEO of Port of Ystad. The number of passengers increased by 1,5%. In total, 1 987 982 passengers chose to travel via the Port of Ystad. If this trend continues the port is looking to exceed two million passengers in 2016. Car traffic increased by 4 % compared to 2014.

In line with the Company's strategy to acquire companies or businesses in the healthcare sector, Fastnet has appointed Mr. Harry Stratford as a Non-Executive Director with immediate effect. Harry has over 40 years' experience in the pharmaceutical industry and has built two successful publicly listed pharmaceutical companies. Harry founded Shire Plc in 1986 and was CEO for almost a decade. The Company has grown from humble beginnings to be one of Europe's largest specialty pharmaceutical companies with a market cap of around $40 billion and its stock is a constituent of the FTSE100 index. Harry then went on to be founder, CEO and Executive Chairman of Prostrakan Plc…

PGS has recently completed the fifth consecutive acquisition season offshore Newfoundland and Labrador as part of the ongoing joint venture (JV) with TGS. The successful 2015 season was the biggest yet with PGS operating four vessels, two 3D and two 2D vessels, all of them equipped with GeoStreamer, PGS' broadband technology. This season marked the commencement of the first MultiClient 3D programs to be acquired by the JV, as well as continued building of the regional MultiClient 2D library coverage. * Most 3D seismic ever acquired in a single season offshore Newfoundland and Labrador. The Ramform Valiant acquired 4 339 square kilometers over exploration block EL-1135 in the Flemish Pass basin.

Today SC Ports Authority reported 2015 fiscal year-end operating earnings of $30.4 million and revenues of $196.8 million, significant increases over the previous year's financial performance. From July through June, SCPA more than doubled its previous fiscal year's operating earnings of $14.3 million, while operating revenues increased 20 percent over FY2014 revenues of $32.6 million. Total operating expenses for the 2015 fiscal year totaled $166.3 million. "The strong financial…

The National Maritime Education Council (NMEC) informs that Michael S. Torrech, CEO of American Maritime Holdings, a leader in the repair, shipbuilding, and maritime industry, has been named as its new chairman to succeed John Lotshaw of Huntington-Ingalls Shipbuilding. Mr. Torrech, a founder of the NMEC, will lead the organization's strategic development of a national standardized maritime workforce program that addresses the critical issues facing the industry. "I am passionate about helping the maritime industry develop and deploy a workforce development program and curricula that will be available throughout the United States," said Mr. Torrech. Tim Johnson, Executive Director of the NMEC, is looking forward to working with Mr. NMEC explains that Michael S.

The sea floor off the coast of , , is home to a diverse assemblage of microbes that scavenge methane from cold deep-sea vents. Researchers at the California Institute of Technology have developed a technique to directly capture these cells, lending insight into the diverse symbiotic partnerships that evolved among different species in an extreme environment. The community's interconnected metabolism sheds light on how the anaerobic microbes, which consume nearly 80 percent of the methane leaked from marine sediments, limit oceanic emissions of this potent greenhouse gas. Metagenomic analysis, in which the genetic material of all microorganisms swept from their homes in a sample is sequenced wholesale, yields a plenitude of general information.

By H. Fulbright & Jaworski L.L.P. When the Congress returns to Washington in September, the attention of the Members and of industry representatives will be focused on renewing authorizations for two important maritime programs, the MARAD Title XI Program, and the MARAD/DOD Military Security Program. However, there is a third MARAD program that is at least equally deserving of this September's attention, it is MarAd's Capital Construction Fund ("CCF") Program. 1. CCF Tax Deferral Program: History, Scope & Terms. The CCF Program traces its history to the Revenue Act of 1920. Title VI of the Merchant Marine Act, 1936 ("1936 Act") authorized the creation of "regular" and "special" reserve funds into which U.S. citizen liner operators, that were engaged in providing U.S.

In mid-August, Chevron Canada will drill the first exploratory well in the Orphan Basin. According to industry experts, the exploration of the Orphan Basin could mean the beginning of a new and potentially lucrative phase of Newfoundland and Labrador’s offshore oil industry. The basin is in an area that has not been explored before, where the weather is harsh and the water is deep. However, the potential is massive — the Orphan Basin could hold more oil than the Jeanne D'Arc Basin on the Grand Banks, which is home to the Hibernia field, the Terra Nova field, as well as the White Rose and Hebron projects. However, some caution that it's too soon to know exactly what the Orphan Basin may hold.

Ocean Rig announces that the drilling rig Eirik Raude has completed the Statoil contract and commenced operations under the ExxonMobil contract for exploration drilling in the Orphan Basin offshore Newfoundland, Canada. The contract is for a two-year period.

Nearly a century after they perished aboard the luxury liner Titanic, three mystery passengers who were laid to rest in unmarked graves -- including a two-year-old baby boy -- may finally be identified by Canadian researchers through DNA testing. Scientists will partially exhume the remains of a woman in her 30s, a young man and a baby, whose graves in Halifax, Nova Scotia, are marked simply No. 281, No. 240, and No. 4., in a bid to match bone fragments to extended family members who instigated the project. "We're looking at this as scientists and we're really going to be looking at the quality of the bone," said Alan Ruffman, a marine geophysicist in Halifax.