Italy's ENI Appoints Descalzi As CEO
The board of Italian oil and gas major ENI has appointed Claudio Descalzi to replace Paolo Scaroni as chief executive, the company said in a statement late on Friday. Veteran ENI executive Descalzi was proposed as CEO of the state-controlled group by the Italian government in April. For the time being Descalzi will also remain head of ENI's Exploration & Production Division, the company said. (Reporting by Valentina Za; Editing by Toby Chopra)
India: Cargo handled at Major ports in April up by 9%
India’s 12 major ports handled 47 million tonne cargo, which was up by 9 per cent year-on-year, in April – the first month of the current financial year. Tuticorin Port (V.O.
SOCAR And RWE Dea Sign Joint Study Agreement
The German RWE Dea has signed a Joint Study Agreement with Azerbaijani State Oil Company (SOCAR) on evaluation of the hydrocarbon prospectivity in an area south of Baku in the Caspian Sea. The main goal of the agreement is to identify further exploration opportunities by conducting geological and geophysical analysis in the study area, which is located between Karadagh and Hamamdagh. It covers approximately 850 square kilometres and lies in shallow waters, with water depths up to 30 metres.
China Asked To Speed Up Maritime Security Talks
Southeast Asian foreign ministers voiced "serious concerns" on Saturday over naval clashes between Vietnam and China as the regional group's top official urged Beijing to step up efforts to advance talks on maritime security. Foreign ministers and heads of state of the 10-member Association of Southeast Asian Nations (ASEAN) are facing a test of unity at their summit this weekend as some members express…
Kidnappers In Nigeria's Delta Release 3 Dutch Nationals
Kidnappers in Nigeria's Niger Delta region released three Dutch nationals held since May 4, Anka Mustapha, a spokesman for Bayelsa state's Joint Task Force, which includes the military and police, told Reuters on Saturday. The kidnapping of expatriates by armed gangs seeking ransom money has been rife in the oil-producing Delta region, although it has tailed off since a 2009 amnesty was signed with militant groups there. Foreign companies have also improved their security.
Payment Problems Disrupting Iran Food Deals
Payment problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions…
Sea Row Not A Problem Between China And ASEAN Says Beijing
The South China Sea dispute is not a problem between China and the Association of Southeast Asian Nations (ASEAN) and China opposes certain member states trying to use it to sow discord, its foreign ministry said. Southeast Asian foreign ministers voiced "serious concerns" on Saturday over naval clashes between Vietnam and China as the regional group's top official urged Beijing to step up efforts to advance talks on maritime security.
Delek Drilling, Avner Oil Raise $2 Bln For Leviathan Field
Israel's Delek Drilling and Avner Oil have raised $2 billion in an international bond offering to help fund the development of the huge Leviathan natural gas field off the coast of Israel. An announcement by the firms said demand of $13.5 billion was the largest ever for an Israeli enterprise and it was over-subscribed by 650 percent. "This shows unprecedented confidence by European, U.S. and Israeli financial markets in the vision of Delek Drilling…
East Ukraine Referendum Raises Fears Of Dismemberment
Rebels pressed ahead with a referendum on self-rule in east Ukraine on Sunday and fighting flared anew in a conflict that has raised fears of civil war and pitched Russia and…
Iranian President Calls For More Open, Better-Informed Nuclear Debate
President Hassan Rouhani said on Sunday he wanted Iran to do a better job of explaining its nuclear programme to prevent "evil-minded" people misleading world opinion, two days before Tehran resumes talks with world powers on its disputed atomic activity. Iran and the United States, France, Germany, Britain, China and Russia will reconvene in Vienna to try to iron out differences over how to end a long standoff over suspicions that Tehran has sought the means to develop nuclear weapons.
German Utilities Want Public Body To Shut Nuclear Plants
German utilities are in talks with the government about handing over responsibility for decommissioning the country's nuclear power plants to a public foundation, two sources familiar with the proposals said on Sunday. This so-called 'bad bank' for nuclear energy would take over Germany's nuclear plants, which the government decided should be all closed by 2022 following the Fukushima disaster in Japan three years ago.
Omani Power Firms Set To Double Profits After Share Offer
Oman's Al Batinah Power Co and Al Suwadi Power Co, which launched twin initial public share offers on Sunday and are owned by the same consortium, will double their profits from 2014 to 2018 as they pay off start-up costs, a top executive said. The firms, whose owners aim to raise a combined 62.7 million rials ($163 million) through the sale of 35 percent of each company, together provide just over a quarter of the electricity for Oman's main power grid - around the capital, Muscat.
Kuwait Says To Sign $12bn LNG Supply Deal With Shell
Kuwait's state oil group said on Sunday it would sign a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell estimated at $12 billion as the major oil exporter seeks to meet energy demands for the hot summer months. It was not immediately clear if the contract was the same as an LNG supply deal between Kuwait Petroleum Corp and Shell reported last month in a Kuwaiti newspaper. KPC officials were not immediately available for comment.
Transas will equip 2 tankers for Palmali Shipping
Transas Group and Armada Shipyard (Turkey) have signed a contract for installation of navigation and communication equipment on the two tankers built for the Palmali Shipping, a major oil cargo carrier. The tankers are built in accordance with new series of Armada project RST22M, DWT 7150. Within the contract Armada Shipyard will install a set of radio and navigation equipment including Integrated Bridge System…
Coast Guard Medevacs from Two Carnival Cruise Ships
A Coast Guard helicopter airlifted a 25-year-old man and a 60-year-old woman from the 'Carnival Splendor', and the same day lifted a 36-year-old passenger from the 'Carnival Dream'. The Coast Guard informs that the cruise ship was approximately 135 miles southeast of Cape Hatteras, North Carolina when it requested medical help. An MH-60 Jayhawk helicopter crew from Coast Guard Air Station Elizabeth City…
Manitex International, Inc. Announce Q1 2014 Results
Manitex International, Inc. (Nasdaq: MNTX), a leading international provider of cranes and specialized material and container handling equipment reported an increase in net revenues of 5.1% in their first quarter 2014. The increase was $62.6 million from $59.6 million for the same period a year ago. First Quarter Net income was $1.9 million, unchanged from the first quarter of 2013 with earnings per…
Bangladesh's 2nd International exhibition on Maritime, Port, Shipping, Marine
The forthcoming Bangladesh's 2nd International exhibition on MPS Expo 2014 (Maritime, Port, Shipping) is the largest commercial marine trade show on the South East Asian countries, serving all aspects of the market, including commercial vessels, owners, commercial fisherman, navy, ship builders, ship building equipment, ship repairs, shipping, logistics, boat builders and sea food processors, this annual event covers it all.
Gulf Craft to Invest, Join Dubai Maritime Council
Dubai Maritime City (DMC) informs that superyacht builders, Gulf Craft, is to invest in Dubai Maritime City and is to join the Dubai Council for Marine and Maritime Industries. H.E Khamis Juma Buamim, Chairman of Dubai Maritime City and the Dubai Council for Marine and Maritime industries, received H.E. Mohammed Hussein AlShaali, Chairman of Gulf Craft at the Maritime Business Centre to discuss potential cooperation between the two companies in the fields of industry…
At Least 40 Die After Migrant Boat Sinks Off Libya
At least 40 people died and 51 were rescued after a boat carrying migrants sank off Libya's coast east of Tripoli, Rami Kaal, a spokesman for the Libyan ministry of interior said on Sunday. Libya's porous borders with its sub-Saharan neighbours and its proximity to Italyand Malta across the Mediterranean have made the North African country a common transit route for migrants trying to reach Europe. Image (Reporting by Ahmed Elumami; Writing by Patrick Markey; Editing by Andrew Heavens)
New York Atlantic Rower Reaches Mid Point
Victor Mooney, 48, of Queens, in a 24ft Brazilian custom made ocean rowboat, 'Spirit of Malabo', reports that in his fourth bid for a transatlantic crossing and furthest so far, he is now halfway across. Mooney departed Maspolamas, Gran Canaria, off the coast of Africa on February 19, 2014 bound for the British Virgin Islands (BVI) – a 3,000 mile row. He adds that after a resupply in the BVI, he will row another 1,800 miles to New York.