TGS Announces 2 projects in the Norwegian Barents Sea
TGS commences new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide customers with high quality data prior to the closing of the 23rd Norwegian Licensing round. The HFCE14 is a 3,100 km2 3D multi-client survey, extending TGS' existing multi-year 3D Hoop coverage to more than 20,000 km2. The survey will be acquired by the M/V GECO Eagle towing 10 streamers and will cover similar Jurassic targets as the new Wisting light oil discovery.
Harris Corporation Declares Quarterly Dividend
The Board of Directors of Harris Corporation (NYSE:HRS), an international communications and information technology company, has declared a quarterly cash dividend…
Brazil's Oleo E Gas Gets $44 Mln Offer For Colombian Oil Rights
Oleo e Gas Participacoes SA, the bankrupt oil company controlled by Brazilian tycoon Eike Batista, received a $44 million offer for five oil exploration and production blocks in Colombia…
Chevron Wins A Round In U.S. Suit - Ecuador Case
A federal judge on Friday rejected a bid by a U.S. lawyer to stall the enforcement of a ruling that found he used fraud to secure a $9.5 billion pollution judgment against Chevron Corp in Ecuador. Lawyer Steven Donziger is appealing a 500-page decision issued by U.S. District Judge Lewis Kaplan in March that barred him from collecting on a $9.5 billion judgment against Chevron in the United States.
Antwerp Port led Consortium Formed
The ports of Antwerp, Mannheim, Rotterdam, Strasbourg and Zwitserland signed a cooperation agreement for the introduction of LNG in the European inland shipping sector. The cooperation includes studies, promotion, knowledge transfer, regulations and bunker infrastructure.The agreements are set up in the framework of the LNG Masterplan for Rhine-Main-Danube, a project in which all five ports are partners.
Pemex Crude Output Lowest In March
Crude oil production from Mexico's state-run oil company Pemex totaled 2.469 million barrels per day (bpd) in March, the company said on Friday, marking the lowest level of output since the 1990s. The level of crude production in March was the lowest level of monthly output since June 1990, according to energy ministry data, excluding a single month in 1995 when output was down by more than 800,000 due to Hurricane Roxanne.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Panama Canal Work Three-quarters Complete
The Panama Canal Authority has reported that the expansion of the waterway is 74.2% complete. The news released yesterday, April 24, came on the second day of a construction workers' union strike, GAC said in its daily Hot Port News report. As of March 31, dredging of the Pacific and Atlantic entrances had been completed, and work to widen Gatun Lake and the Culebra cut was 86% complete. Design and construction of the third set of locks…
USCG Aids Rescue of 3 Sailors and a Dog off Bermuda
The U.S. Coast Guard (USCG) coordinated the rescue of three people and a dog Thursday approximately 900 miles northeast of Bermuda. Rescued was 29-year-old Henri Worthalter of Belgium, 55-year-old Leonard Rorke of the United Kingdom, 50-year-old Lisa Rorke of the United Kingdom and Dexter, a Jack Russell Terrier, after the 49-foot sailboat, the Blue Pearl, sank in the Atlantic Ocean. The USCG said its 5th District Command Center watchstanders were contacted at approximately 6:30 p.m.
Newport Electronics Now Operating Under Omega
As of January 1, 2014, Newport Electronics, Inc. has merged into Omega Engineering, Inc. Newport is now a part of Omega and going forward will do business under the Omega name. Newport will continue to produce products such as signal conditioners, transmitters and controllers, as well as provide customer service and technical support. The shop on-line feature of newportUS.com has been closed. Online users can now go directly to omega.com to place online orders.
Venezuela To Load Big Tankers at St Eustatius Terminal
Venezuela's state-run PDVSA will use a terminal owned by U.S. firm NuStar Energy on the island of Saint Eustatius to store crude and load very large crude carriers (VLCCs) going to Asia…
GE In Talks To Buy Alstom's Power Arm
U.S. industrial conglomerate General Electric Co is in advanced talks to buy the global power division of struggling French engineering group Alstom SA for about $13 billion, sources familiar with the matter said on Friday. Sources said a deal was backed by Alstom's main shareholder, French conglomerate Bouygues with 29 percent, and could be announced in the coming days after an Alstom board meeting on Friday afternoon.
Antwerp Port off to good start after record year
The port of Antwerp handled 48,166,806 tonnes of freight in the first three months of this year, 2.5% more than in the same period last year. Container freight did well, while ro/ro and liquid bulk also produced good growth figures. The container volume rose once more during the first quarter by 2.1%, to 26,004,571 tonnes. This corresponds to 2,146,392 TEU (up 0.9%). Ro/ro also did well during the past three months…
TGS reports net revenue of USD 222 mi for Q1 2014
TGS has reported net revenues of USD 222 million for the first quarter of 2014 a rise of 5% from USD 211 million in Q1 2013.Net late sales totaled USD 137 million, up 9% from USD 127 million in Q1 2013. Net pre-funding revenues rose to USD 74 million and increase of 33% from Q1 2013 - funding 57% of the Company's operational multi-client investments during Q1 (investments of USD 129 million, up 3% from Q1 2013). Proprietary revenues were USD 11 million, compared to USD 29 million in Q1 2013.
Today in U.S. Naval History: April 25
Today in U.S. Naval History - April 25 1862 - Union naval forces occupy New Orleans, La. 1898 - Congress declares war existed with Spain since April 21 1914 - First combat observation mission by Navy plane, at Veracruz, Mexico. 1959 - USS Eversole rescues 14 Chinese Nationalist fishermen from their sinking fishing trawler in the Formosa Strait. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Poor Soy Crushing Margins in China to Improve
Poor soy crushing margins in China that have led the country to default on soy purchases are short term and should improve in two to three months, Bunge Ltd's chief executive officer said. CEO Soren Schroder was in Brazil for the inauguration on Friday of Bunge's terminal in Barcarena in Para state on Brazil's northern coast, which cost 700 million reais ($314 million) to build and has a capacity of 4 million tonnes.
North Sea Crude-Forties Firms on Buzzard Supply Cut
North Sea Forties crude differentials rose on Friday, supported by the ongoing supply cut from Nexen's Buzzard field, which has delayed loading of a number of April and May cargos.
Lévis Shipyard to Refit Canada CG Icebreaker
Government of Canada Awards Babcock Canada Inc. a $6.5 Million Contract for Refit Work on the CCGS Louis S. Parliamentary Secretary Bernard Trottier, on behalf of the Honorable Diane Finley, Minister of Public Works and Government Services, and the Honorable Steven Blaney, Minister of Public Safety and Emergency Preparedness, on behalf of the Honorable Gail Shea, Minister of Fisheries and Oceans, today…
Italy Rescues 1,800 More Migrants in Rough Seas
Italian navy and coastguard vessels have rescued around 1,800 more people from boats in rough seas off Sicily, authorities said on Friday, as the chronic migrant crisis continued around the southern island. More than 20,000 migrants have arrived by sea in Italy though North Africa and the Middle East so far this year, adding to a movement of people which has intensified since the "Arab Spring" upheavals of 2011 and the civil war in Syria.
Ivory Coast Lifts Ecom Cocoa, Coffee Export Ban
Top cocoa grower Ivory Coast has reinstated the export licence of Swiss agricultural trader Ecom Agroindustrial Corp Ltd's local unit, rescinding a ban imposed in a dispute over farmer bonuses, a document from the marketing board showed. The Coffee and Cocoa Council, CCC, imposed the suspension, which also barred Ecom subsidiary ZAMACOM from participating in cocoa auctions, on Feb. Several farmer cooperatives…