Oil Discovery in The North Sea
Oil has been proven by Statoil and its partners Det norske oljeselskap ASA and Svenska Petroleum Exploration AS on the North Sea Krafla prospect. The well is located in block 30/11 around 26 kilometres south of the Oseberg South field. Based on preliminary calculations the size of the discovery is between 12.5 and 56.5 million barrels of recoverable oil equivalent. ”Statoil has had great exploration success in mature areas during the last years…
Kiel Cargo Handling Rises by More Than 25%
Kiel, May 10th 2011: cargo handling in the Port of Kiel is gaining momentum again. In the first four months of this year about 2.2 million tons were handled, an increase of 25% over the same period of last year. The ferry lines in particular – to and from Scandinavia, Russia and the Baltic region - again proved to be the engines powering above-average growth. Dr Dirk Claus, Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co.
Vancouver Port Recognized for Eco-friendly Vessels
Port Metro Vancouver is proud to honour 11 recipients of its Blue Circle Award for 2010. Launched last year, this award recognizes the most eco-friendly vessels that call at the Port. The Blue Circle Award acknowledges industry commitment to Port sustainability by recognizing the extraordinary environmental achievements of ships that participate in Port Metro Vancouver’s EcoAction Program for Shipping.
Hyperdynamics Extension of Letter of Intent
HOUSTON, May 9, 2011 /PRNewswire/ -- Hyperdynamics Corporation (NYSE Amex: HDY) announced today that AGR Peak Well Management Ltd. (AGR) has signed an extension to a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore regarding the Jasper Explorer drill ship for exploration drilling in Hyperdynamics' concession offshore the Republic of Guinea. The letter of intent has been extended until May 20…
General Maritime Refinancing Initiative
General Maritime Corporation (NYSE: GMR) announced today that it has completed the syndication of an Amendment of its 2005 revolving credit facility of $550 million and $200 million payment-in-kind toggle floating rate secured notes ("Secured Notes") with Oaktree Capital Management L.P. ("Oaktree"). Together, the Secured Notes and the amended revolving credit facility are expected to enable the Company to improve its liquidity and operational flexibility…
Huisman Successfully Delivers 600mt Pedestal Crane
On Tuesday 8 March 2011, Huisman, the Dutch-based specialist in lifting, drilling and subsea solutions, successfully completed the load testing of the new build 600mt Pedestal Crane onboard Wind Turbine Installation Vessel “MPI Resolution”. The load test was the final step before the crane was handed over to the clients Centrica Renewable Energy Ltd and MPI Offshore Limited. The crane was constructed…
In Memory of Mike R. Dixon
My dear friend and ex-boss from Texas Oil & Gas, Mike R. Dixon died April 25, 2011. "He was a great man" are the words his children use to describe him. And that he was. His family has started a scholarship fund through the Oklahoma State University for students pursing journalism and communications. Below is a letter written by his son, Gregory Dixon. "In case you haven't heard, my father, Mike Ray Dixon…
USCG Reorganizes Sector North Carolina
The U.S. Coast Guard issued a final rule reorganizing Sector North Carolina. Effective immediately, the headquarters for Sector North Carolina is moving from Fort Macon to Wilmington.
Army Transfers JHSVs to Navy
The Department of Defense announced that the departments of the Navy and Army signed a Memorandum of Agreement May 2 transferring all five of the Army's Joint High Speed Vessels to the Navy. The U.S.
Court: Gov’t Immune from Contribution in Collision
The US Court of Appeals for the Fourth Circuit ruled that the federal government is immune from a claim of contribution from a vessel owner that alleged negligence on the part of the U.S.
UK Government Backs Marine Current Turbines Application
An application from Marine Current Turbines, the UK tidal energy developer, to secure money from the European Union’s New Entrant Reserve (NER) scheme has been approved…
Italian Guardia di Finanza Select Raymarine
Nine new vessels designed by world famous racing boat driver and designer Fabio Buzzi and fully equipped with Raymarine electronics, have been delivered to the Guardia di Finanza, the militarized customs and border patrol service responsible for preventing financial crime and smuggling in Italy. The nine boats were officially handed over to the Guardia di Finanza at a ceremony attended by the Italian Minister of the Interior Roberto Maroni.
Braemar Announcement - Tony Pegum
After 27 years of dedicated service Tony Pegum, Managing Director of Braemar Seascope Pty Ltd, has decided to leave the company and shipbroking. Tony has been a great servant to the shipbroking industry both in Australia and internationally. He is a key figure in Perth assisting Western Australian mining and resources companies with shipping advice and broking services. Tony has been pivotal in the success of Braemar's operations in such an important part of the world.
Alpine Ocean Seismic Survey Launches 110-ft RV
Norwood, New Jersey — May 10, 2011 — Alpine Ocean Seismic Survey, [ http://www.alpineocean.com ] a provider of marine surveying and data collection services, announces the launch of the multi-use research vessel, the R/V Shearwater. With the addition of this new vessel, Alpine can now further expand its offerings of turnkey data collection and other surveying services to offshore clients, including wind…
Odyssey Marine Exploration Reports Q1 Performance
Tampa, FL – May 9, 2011 - Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX), pioneers in the field of deep-ocean shipwreck exploration, has reported results for the first quarter ended March 31, 2011. Revenue for the first quarter 2011 was $2.1 million, compared to $2.9 million in the first quarter 2010. The Company also reported a net loss of $5.2 million, compared to a net loss of $3.1 million in 2010.
Panama Canal Partnership with Soy Transportation Coalition
Washington, D.C., May 10, 2011 – Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and Soy Transportation Coalition (STC) Chairman Ed Ulch signed a Memorandum of Understanding (MOU) to foster the growth of global commerce. During a luncheon sponsored by the STC in Washington, D.C. on Monday, both parties affirmed their commitment to mutual growth and cooperation. The objectives of this agreement are to undertake joint marketing efforts…
ABS Nautical Systems Continues To Grow In Egyptian Market
HOUSTON, Texas - ABS Nautical Systems today announced that they have been selected as the fleet management software provider for Arab Maritime Petroleum Transport Company (AMPTC). AMPTC owns and operates a fleet of LPG Carriers, Crude Oil Tankers and Product Carriers operating in the spot market worldwide that was established by member counties of the Organization of Arab Petroleum Exporting countries.
NCDOT Announces Launch Of North Carolina Maritime Strategy
RALEIGH —The North Carolina Department of Transportation today announced the launch of the North Carolina Maritime Strategy planning study. The Governor’s Logistics Task Force recommended a study be initiated to evaluate the current and future role ports play, if any, in sustaining North Carolina’s efforts to create jobs and strengthen the economy across the State. “The study provides us the opportunity…
Crowley Builds DH Petroleum Barges for Alaska
Preparing to take environmental protection of Western Alaska waters to a whole new level, Crowley Maritime Corporation christened two new double-hulled petroleum tank barges, the 165-1 and 165-2, May 7 during a small ceremony at Dakota Creek Industries in Anacortes, Wash. The vessels, which are the first double-hulled, environmentally friendly barges of their kind to operate in Western Alaska waters, will join Crowley's 180-1, a double-hull barge that has serviced Alaska since 2005.
Costamare Shipbuilding, Chartering, Financing Contracts
Costamare Inc. (NYSE: CMRE) announced the conclusion of shipbuilding contracts and charter agreements for five newbuild containerships, new chartering agreements…