Kuwait Signs LNG Deal With Qatargas
Kuwait has signed a contract to import liquefied natural gas (LNG) from fellow Gulf state Qatar to help meet its energy needs to the end of 2014, state news agency KUNA reported on Sunday. The first shipment of LNG will arrive in Kuwait on Monday under the contract between Kuwait Petroleum Corporation (KPC) and state-owned Qatargas, KUNA said. There were no further details on the terms of the deal with Qatar, which is the world's largest LNG exporter.
Alstom To Reflect On Its Future Until Wednesday
French engineering firm Alstom said on Sunday it would continue to reflect on its future until Wednesday and that it had requested trading in its shares remain suspended until then. The statement from the company follows news of an offer from U.S. giant General Electric to buy its power arm, and of a potential alternative proposal from German group Siemens . The French government also intervened on Sunday to express concerns about jobs and other issues of national interest.
Blank Rome Rated as Shipping Litigation Leaders
Blank Rome apprises that its international shipping litigation practice, and attorney John D. Kimball have again been ranked in the 2014 edition of 'Chambers Global'. The international law firm explains that the qualities on which rankings were assessed include technical legal ability, professional conduct, client service, commercial astuteness, diligence, commitment, and other qualities most valued by clients.
Siemens And France Weigh In As GE Eyes Alstom Deal - Update
Siemens and the French government intervened in General Electric's plan to buy the power arm of Alstom on Sunday with an alternative European "champions" tie-up…
Hollande To Meet GE Chief To Discuss Alstom
President Francois Hollande and his Economy MinisterArnaud Montebourg will meet General Electric chief executive Jeff Immelt on Monday to discuss the future of French engineering group Alstom, a presidential official told Reuters. The meeting follows news last week that GE is planning a $13 billion deal to buy Alstom's power turbines business, and comes after the intervention on Sunday of the French government and industry rival Siemens of Germany.
Kashagan Output May Not Start Till 2016
Output at Kazakhstan's huge Kashagan oilfield may not start until 2016, the Financial Times said on Sunday, citing Kazakhstan's minister for economy and budget planning. Erbolat Dossayev told the FT he hoped production could be restarted late next year. "But if not, we will wait until 2016," the FT cited him as saying in an interview. Production at the offshore deposit, the world's biggest oil find in 35 years…
Drydocks World Win Europe's 2014 Socrates Award
Drydocks World (DDW) informs it has been recognized with the “Best International Enterprise” award at the 2014 Socrates Awards. In addition His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World was named “Best Manager of the Year” at the same award ceremony organized and presented by the International Socrates Committee of the Europe Business Assembly. The Awards were presented at a gala ceremony, 'Achievements – 2014', held at the Institute of Directors UK.
SECNAV Visits Arizona for JHSV 8 Naming
Secretary of the Navy Ray Mabus attended a ship naming ceremony for the future joint high-speed vessel (JHSV) 'USNS Yuma' (JHSV 8) in Yuma's Gateway Park. Mabus chose the name 'Yuma' as a tribute to the residents of the Arizona city and their close ties with the military. "The real reason we're here today is the people of Yuma," said Mabus. Speaking to a crowd that included Yuma's Mayor Douglas Nicholls, Mabus explained what the future may hold for JHSV 8.
Deep Sea Mining Agreement Reached
The opening of the world's first mine in the deep ocean comes closer to reality as Canadian mining company, Nautilus Minerals, signs an agreement with the Papua New Guinea Government to start excavating an area of seabed. The project will extract ores of copper, gold and other valuable metals from a depth of 1,500m, The mine will target an area of hydrothermal vents where superheated, highly acidic water emerges from the seabed…
China-Denmark Ratchet Up Maritime Cooperation
The Danish Maritime Authority (DMA) says its cooperation with China has been further strengthened by the signature of an agreement between the Ministry of Business & Growth, and the Chinese Ministry of Industry and Information Technology. DMA explains that the new cooperation agreement on green maritime technology and ship building creates the framework for a stronger and intensified cooperation between Denmark and China.
IBIA Appoints Robin Meech Vice-Chairman
The International Bunker Industry Association (IBIA) says it has appointed Robin Meech as its new vice-chairman for a one year term of office. An independent and well respected bunker industry consultant, Robin Meech is a former bunker buyer and author of several books for the marine fuel sector. Meech replaces Jens Maul Jorgensen who became IBIA chairman on 1 April, 2014. Welcoming Robin Meech’s appointment…
New UK Polar Research Ship Construction Funded
The British Government has earmarked more than £200 million for a new UK polar flagship that will be ready for its first science mission in 2019, according to news from the British Antarctic Survey. Owned by NERC (Natural Environment Research Council), and operated by NERC’s British Antarctic Survey (BAS) on behalf of the UK polar science community, this new state-of-the-art research ship will deliver the next generation of UK world-leading marine science in the Antarctic and the Arctic.
Midland Surveying Awarded DofD Contract
In the latest listing of US Department of Defense contracts, Midland Surveying, Inc., Maryville, Mo., was awarded a $9,000,000 firm-fixed-price, indefinite-delivery/indefinite…
Navy's Surgeon-General to Receive Honorary Degree
Franciscan Alvernia University is to award an an Honorary Degree of Humane Letters to Vice-Admiral Matthew L. Nathan before he addresses the Class of 2014 at the upcoming May 2014 Commencement. Nathan is Surgeon General of the Navy and Chief of the Navy’s Bureau of Medicine and Surgery. Alvernia inform that Nathan’s education and naval background is extensive: he is board certified and holds Fellow status in the American College of Physicians and the American College of Healthcare Executives.
Asia-Bound VLCCs to Use Venezuela's 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, after deciding it will no longer rent a facility in the Bahamas, according to a PDVSA executive. PDVSA has been using the Saint Eustatius terminal in the Caribbean since March as a center to store and mix its crudes and produce exportable blends…
Obama: Philippines Pact No Threat to China
US says not planning to rebuild old bases or construct new ones. Obama says goal is not to contain China while Philippines' Aquino says Chinese shouldn't be concerned.
Obituary: Wesley Wheeler, 1933-2014
Wesley D. Wheeler passed away on April 18 in Stamford, Connecticut. He was 80 years old. He was laid to rest in Cyprus Hills Cemetery in Brooklyn, N.Y. Wheeler was an active member of the marine community for 60 years. He lived and worked in many countries and for some of the largest naval architects, consultants and shipbuilding companies in the world including JJ. Henry & Co., J. J. McMullen Associates, H.M.
Coast Guard Searching for Overboard Cruise Ship Passenger
U.S. Coast Guard (USCG) crews are searching by sea and air for a 30-year-old man who reportedly jumped over the railing of the Bahamas Cruise Ship Celebration early Sunday morning, 27-miles east of Delray Beach, Florida. James Miller of Charleston, South Carlina, a passenger aboard the vessel, reportedly went overboard early Sunday, the USCG said. Watchstanders at the Coast Guard Seventh District in Miami received notification from the Celebration at approximately 2 a.m. Sunday.
Kashagan Consortium: Oil Production Not Expected in 2014
A consortium developing Kazakhstan's huge Kashagan oilfield said on Monday it did not expect to produce oil in the offshore field this year due to leaking pipelines. "The current assessment, based on the results of an investigation, is that both the oil and the gas pipelines might have to be fully replaced," the consortium also said. The North Caspian Operating Company (NCOC) consortium includes Eni, Exxon Mobil, Royal Dutch Shell , China's CNPC, Japan's Inpex and Kazakh state-run KazMunaiGas.
Salvage of Capsized Rig to Finish by March 2015
Salvage work to remove a capsized rig lying in shallow waters offshore from Angola's new liquefied natural gas (LNG) export plant should be completed by March 2015, the company in charge of the operation said. The three-legged Perro Negro 6 drilling rig overturned last summer as it was being positioned to bore a tunnel for a gas pipeline key to feeding the $10 billion plant. Italian oil services firm Saipem chose South African company Smit Salvage…