Chariot Oil & Gas 1H 2014 Interim Results
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces its unaudited interim results for the six month period ended 30 June 2014. o Additional partnering process underway aiming to fully cover seismic costs. Larry Bottomley, CEO of Chariot, commented, "Chariot has had a very productive year to date, securing partners in Morocco and Brazil, successfully completing our Placing, as well as renegotiating our licence positions in Namibia.
Salamander to Start Drilling in G4/50, Gulf of Thailand
Salamander announces that its Environmental Impact Assessment (“EIA”) for exploration drilling in the G4/50 licence, Greater Bualuang area, Gulf of Thailand, has been granted conditional approval. Of the 20 drilling locations in the original EIA, 18 have been approved subject to: updating the oil spill response modelling to account for the removal of two potential drilling locations; and communicating the removal of the two locations to local stakeholders.
Inchcape Shipping Celebrates 25th Anniversary of ISS Greece
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has this month celebrated the 25th anniversary of its operations in Greece by hosting its annual senior management conference in Athens, close to the company’s Greek head office in the Port of Piraeus. Over 170 ISS employees, including the entire senior management team, congregated to enjoy three days of strategic development activity, events, networking and customer engagement.
Sir Frank Chapman Appointed Golar's Chairman
Golar LNG Limited announced that with effect from September 19, 2014, Sir Frank Joseph Chapman has been appointed to the Board of Directors of the Company and will act as the Company's Chairman. Sir Frank Chapman has worked 40 years in the oil and gas industry culminating in a twelve-year period as Chief Executive of BG Group plc. Under Sir Frank's leadership, BG Group grew from the modest UK-based…
NewLead Takes Delivery of 3rd Eco-Type Bulker
NewLead Holdings Ltd.announced today that the "Newlead Castellano", a 2013-built dry-bulk eco-type Handysize vessel of 35,542 dwt, was delivered to NewLead's owned fleet on September 16, 2014. The Newlead Castellano is trading on the spot market and is expected to generate approximately $1.7 million EBITDA per year assuming $1.73 million yearly operating expenses. The Newlead Castellano is the third modern eco-type Handysize vessel to be delivered to NewLead's owned fleet since January 2014.
Maersk Convincer gets 1 yr More
Petronas Carigali, the Exploration and Production subsidiary of the national oil company in Malaysia, has extended the contract for the jack-up rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015. The estimated revenue potential from the one-year contract extension is USD 56 million. “We are very pleased to continue working with Petronas Carigali and see this extension as a further strengthening of our relationship.
TOTE, Saltchuk Secure Financing for Marlin Class Vessels
Today, the U.S. Maritime Administration (MARAD) announced a $324.6 million loan guarantee for TOTE Shipholdings and Saltchuk Resources for their Marlin Class vessels. The two new Marlin Class vessels, which will be the world’s first liquefied natural gas (LNG) powered containerships, will serve the Puerto Rico trade and will be complete in 2015 and 2016. This financing is made available under the Title XI Loan Guarantee Program.
Transocean: Fleet Update Summary
Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of…
Barczak Joins Alan C. McClure Associates
Naval architecture and engineering firm Alan C. McClure Associates (ACMA) announced today that Registered Professional Engineer Nicholas Barczak has joined the ACMA team as a naval architect. Nick received his Masters of Engineering in Naval Architecture and Small Craft Design in 2008 from the University of Southampton in the United Kingdom. He also attended Michigan Technological University where he studied Mechanical Engineering.
All-electric Tube Benders Take a Step Forward
The tube bending machine innovator Unison said it is moving the technology forward again, with the completion of a groundbreaking all-electric machine that is capable of bending tubes and pipes up to 9 inches/225 mm in diameter. The availability of all-electric machines at this new size level brings the benefits of instant set-up and right-first-time precision bending to many new applications in sectors including shipbuilding, powergen and oil, gas and chemical processing.
Navantia Orders Sedni IAS for PEMEX Flotel
Sedni secures an important contract with Navantia to supply its Automation System (IAS) Diamar for the flotel vessel (BAP) which is being built at Ferrol factory for PEMEX owner. Navantia has selected Sedni technology for this project. Its big flexibility on integration satisfies Navantia specifications for the monitoring and control of the different systems on board, such as level gauging system, D/E propulsion, electric plant, pumps, generators and rest of equipment on engine room.
ClassNK Update Design Support Tool for EEDI Verification
Classification society ClassNK has released the latest version of its PrimeShip-GREEN/MinPower software. The software was originally developed by ClassNK and released in April 2014 to help shipyards comply with amendments to MARPOL Annex VI, specifically EEDI requirements, by calculating minimum propulsion power requirements in compliance with the IMO 2013 INTERIM GUIDELINES FOR DETERMINING MINIMUM PROPULSION POWER TO MAINTAIN THE MANOEUVRABILITY OF SHIPS IN ADVERSE CONDITIONS.
NOAA Orders Newbuild Navigation Response Boats
NOAA today announced that Lake Assault Boats of Superior, Wisconsin, will build two small vessels for the Office of Coast Survey's navigation response program, part of a plan to eventually replace all six of the program's small survey boats. The combined cost of both 28-foot vessels is $538,200. "All of the navigation response team survey boats are nearing or have exceeded their designed service life," said Russ Proctor, division chief of Coast Survey's Navigation Services Division.
Canada’s New Patrol Vessel Christened
Entry into service of Canadian Coast Guard's new mid-shore patrol vessel, the CCGS Caporal Kaeble V.C., was inaugurated by The Honorable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, on behalf of the Honorable Gail Shea, Minister of Fisheries and Oceans Canada. Mainly used as part of a joint program with the Royal Canadian Mounted Police (RCMP)…
TOTE Receives $324.6m Title XI Loan Guarantee
U.S. Transportation Secretary Anthony Foxx today announced the approval of a $324.6 million Title XI loan guarantee to TOTE Shipholdings, Inc., to finance the construction of two container ships that will utilize liquefied natural gas (LNG) as propulsion fuel. The Title XI Loan Guarantee program promotes the growth and modernization of U.S. shipyards and the U.S. merchant marine by ensuring the U.S. vessels are manufactured in U.S shipyards by U.S. workers.
US Joins Antipiracy Organization
U.S. The U.S. will become the 20th nation to join the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) on Tuesday. Established in 2006, ReCAAP’s mission is to enhance regional cooperation through information sharing, capacity building and cooperative arrangements in combating piracy and armed robbery against ships in the region. It is the first government‐to‐government…
Maersk CEO Appointed to UN Advisory
Morten Engelstoft, CEO of Services and Other Shipping, said CO2 issues will be on his agenda as a newly appointed member of a UN High-level Advisory Group for Sustainable Transport. The cause to champion CO2 reduction in shipping has been given a boost from a Maersk Group perspective. Morten Engelstoft, CEO of Services and Other Shipping, has recently been appointed by United Nations Secretary-General Ban Ki-moon as a member of a High-Level Advisory Group on Sustainable Transport.
San Francisco Bay Fuel Spill Under Investigation
The U.S. Coast Guard and California Department of Fish and Wildlife personnel continue to respond to a fuel spill that occurred near Pier 45 at Fishman's Wharf in the San Francisco Bay Saturday.
Alaska Class Ferries to Be Built in Ketchikan
Announced by Governor Sean Parnell Saturday, September 20, the State of Alaska and Vigor Industrial have reached a final agreement to construct two Alaska Class Ferries at Vigor Alaska in Ketchikan. The vessels will be the first Alaska Marine Highway System ferries to be built in Alaska. “Here we are today to launch this shipyard to a new level, a new level of good jobs, a new level of growth for Ketchikan businesses that are going to supply the shipyard and its workers…
Construction Begins on Chouest’s B-Port
Officials representing the Edison Chouest Offshore family of companies announced that construction has begun on a massive logistics support base and naval repair shipyard modeled after the Gulf of Mexico Terminal Hub, C-Port, for its own vessels at the Port of Açu, located in São João da Barra in northern Rio de Janeiro-RJ, Brazil. In April 2014, Chouest and Prumo Logistica signed the initial lease for the port property…