McDermott Fast-Track Indonesia Offshore Heavy Lift Barge
McDermott International, Inc. apprise that the Derrick Barge 101 was recently mobilized to Indonesia to perform fast-track heavy-lift work for a client offshore Indonesia. Response time to fast-track work is just one of the key elements to a successful project outcome, said Hugh Cuthbertson, Vice President and General Manager, Asia Pacific. Our Project Management and Offshore Resources teams expedited the planning process…
Incat Crowther Designed GoM Crew OSV Delivered
Incat Crowther informs of the delivery of 'John Jacob', a 205’ aluminum monohull Crew Supply Vessel, for Barry Graham Oil Service (BGOS) of Bayou La Batre, Alabama. Built to a high standard by Halimar Shipyard in Morgan City, Louisiana, the project’s successful completion is the result of a close collaboration between operator, shipyard, and designer. The John Jacob has a vast aft cargo deck of nearly 340 sqm (3,640 square feet), which carries loads up to 450 long tons.
North Sea Drilling & Deals to Remain Lower: New Report
Drilling and deal activity on the UK Continental Shelf (UKCS) will remain at a steady low for at least the next year, suggests a new report from business advisory firm Deloitte. Poor weather and high costs have already had an impact on the amount of exploration and appraisal (E&A) work conducted by operators in the region during the first quarter. The report, which details activity across North West…
Seanergy Signs Agreement For Contribution Of Four Capesize Vessels As Equity
Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that the Company has entered into an agreement with entities affiliated with certain members of the Restis family (the “Sellers” or “Major Shareholders”) for the contribution of four Capesize vessels as equity, in exchange for newly issued shares of the Company’s common stock. Pursuant to the agreement, certain of the Company’s…
Exxon Mobil Corporation Declares Q2 Dividend
shareholders of record of Common Stock at the close of business on May 13, 2014. This second quarter dividend compares with 63 cents per share paid in the first quarter of 2014. Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 32 consecutive years.
Stanford Mustang-50m AHT Launched
MAC / Mawei Shipyard announced the successful launching of the Stanford Mustang, a 50m AHT with a special low air draft design, to enable the safe passage below the bridges that connect the offshore installations. The Stanford Mustang is a MMC 950 design, and will commence a long term Contract in the ME on delivery June 2014. This vessel demonstrates MAC ability to take specific client requirements, tailor the design and co ordinate a timely and cost effective delivery to the new owner.
Statoil's Q1 net operating income up by 35%
Statoil's (OSE:STL, NYSE:STO) first quarter 2014 net operating income was NOK 51.4 billion, a 35% increase compared to the first quarter of 2013. Adjusted earnings were up 9% to NOK 46.0 billion. “We are pleased to present strong financial results for the quarter. Higher prices and good results from our US gas value chain contributed to a 9% increase in adjusted earnings, compared to same quarter last year.
Completion of 3D Seismic Survey Offshore Morocco
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, announced today the completion of its 1,700km2 3D seismic survey across its areas of interest offshore Morocco (Chariot 75% (Operator), ONHYM 25% (carried interest). The survey, encompassing ~1,075km2 in Rabat Deep, ~250km2 in Loukos Offshore and ~375km2 in Mohammedia Reconnaissance, will enable the…
Threat to vessel in the Gulf of Aden
The U.S. Navy Maritime Liaison Office in Bahrain (MARLO) advises that on or about 1300 UTC yesterday (29 April) the Master of a motor vessel reported being approached…
Foster Wheeler Awarded 2 Contracts For Plant in S. Arabia
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has been awarded two contracts for the design and supply of five steam condensers and thirty feed-water heaters for Saline Water Conversion Corporation’s (SWCC) Yanbu Power and Desalination Plant, Phase 3, located in Saudi Arabia. The contracts were signed with a consortium led by Al-Toukhi Company for Industry…
WINS takes delivery of largest PSV, "WM Pacific"
Wintermar Offshore Marine (WINS) announced having taken delivery of "WM Pacific”, the Largest Platform Supply Vessel (PSV) flying the Indonesian flag. 'WM Pacific' is our 4th and largest Platform Supply Vessel. She will be the only Indonesian flagged PSV that is equipped with Firefighting capability certified to FIFI 2 standard. She is 83m long, equipped with DP2 (Dynamic Positioning) and classification ABS + A1 (E) Offshore Support Vessel notation.
Brazil Navy expands network to 10 AXYS 3 Meter buoys
XYS Technologies Inc (AXYS) recently shipped two 3-Meter buoys for the Centro de Hidrografia da Marinha (CHM) of the Diretoria de Hidrografia e Navegacao (DHN) in Niteroi. The buoys will be added to the PNBOIA (GOOS-Brasil) buoy network, bringing the total number of 3-Meter buoys owned by the Navy to ten. The buoys will be deployed offshore in an effort to provide complete coverage of the Brazil coastline.
Argentine Province Expects Big Oil To Bid In Shale Block Auction
Argentina's Neuquen province expects major global energy companies, including Royal Dutch Shell, Chevron Corp and Exxon Mobil Corp , to bid in a May auction of 11 oil blocks, its energy minister said on Wednesday. The exploration and development blocks include conventional and unconventional oil and gas resources, most of them in the vast Vaca Muerta shale formation, considered one of the world's biggest shale deposits. The results are expected for August.
Gazprom Ends Plan To Build Pipeline To Italy
Gazprom has abandoned plans to build a section of its disputed South Stream gas pipeline to Italy, two sources close to the company said on Wednesday, a day after Gazprom announced a deal with OMV to build a branch to Austria. The memorandum of understanding with the Austrian oil and gas company foresees building a section of the giant pipeline from Hungary to OMV's Central European Gas Hub near Vienna. "The additional Italian spur option was effectively ditched.
Container Lines Plan Pacific Freight Rate Rise
Container shipping lines have agreed to raise Asia-U.S. freight rates by $300 per 40-foot container (FEU) to west coast ports of the U.S. and by $400 to all other ports in the U.S from May 15. The increase was agreed by companies in the Transpacific Stabilization Agreement (TSA) which also adopted a $400 per FEU peak season surcharge effective June 15, the TSA said in a statement. The TSA groups 15 of the world's biggest container shipping lines, including Denmark's Maersk Line, a unit of A.P.
US Navy Seeks Data on Small Warship Options
The U.S. Navy on Wednesday asked U.S. and foreign weapons makers for technical and cost data on the design and weapons for a new possible small warship to succeed the Navy's current Littoral Combat Ships (LCS) by 2019. Companies will have 21 days to respond to two separate requests for information on both ship designs and the radars and other weapons that would go on board, said John Burrow, executive…
Treasure Hunters Return to "Ship of Gold"
A deep-ocean exploration company is seeking to recover a lucrative haul of gold aboard the shipwreck of the SS Central America, nearly 160 years after it sank off the coast of South Carolina in a 1857 hurricane. The 280-foot (85 meters) sidewheel steamship carried as much as 21 tons of gold ingots, freshly minted gold coins and raw gold from the California mines, as well as the personal wealth and belongings of its 477 passengers, most of whom were lost when the ship sank in September 1857.
Lockport New Construction Reaches Safety Milestone
Bollinger Shipyards, Inc. announced that their Bollinger Lockport New Construction facility has worked 3 million man-hours without a lost time accident. Building on a philosophy that starts at the top while empowering all employees to demand safe production, Bollinger Shipyards strives for zero accidents. Workforce, contractors, and customer safety is priority and an evident core component of facility operations.
Today in U.S. Naval History: April 30
Today in U.S. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Drydocks World Repairs NDC Drilling Rig
Drydocks World, an international service provider to the marine and maritime sectors including to the oil and gas and energy industry, announced the completion of major repair and refurbishment of National Drilling Company’s (NDC) jack up drilling rig Al Ittihad. The company said it has carried out maintenance work on several of NDC’s rigs, and the numbers have increased over the years: Drydocks World received four orders in 2013 to add to the eight projects completed previously.