Austria to Sue if EU Regulator Clears UK Nuclear Plan
Austria will take the European Commission to the European Court of Justice (ECJ) if it approves Britain's plans for a 16 billion-pound ($26 billion) nuclear power plant, a spokesman for the chancellor said on Sunday. The deal to pay a guaranteed price for the power produced in the plant faces opposition from a quarter of EU policymakers, who want to overturn approval from the top European regulator. A vote is expected on Wednesday.
Areva to Cut Investments to Avoid Ratings Downgrade
French state-owned nuclear power group Areva will likely decide this week to scale back investments in order to avoid having its credit rating downgraded to junk status, weekly newspaper Le Journal du Dimanche said. The paper, citing unnamed sources, said Areva's board is expected to decide on investment and spending cuts on Tuesday, the day before credit ratings agency Standard & Poor's (S&P) is due to decide on its long-term credit rating…
Kosmos to Buy into Senegal Offshore Blocks for $400 mln
Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore blocks that they operate, a draft Petrosen document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million. It will then drill a third well…
Offshore Senegal Deal Looms for Petrosen
Senegal's state owned hydrocarbon firm Petrosen is set to sign a $400 million "farm-in" agreement with Kosmos Energy and Timis Corp regarding its Cayar and St. Louis offshore blocks, a draft document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million. It will then drill a third well, or alternatively a first appraisal well, to a value of another $120 million. Reporting by Diadie Ba
Russia Going Ahead with South Stream Gas Pipeline
The Russia-led South Stream undersea gas pipeline is still going ahead, Energy Minister Alexander Novak was quoted as saying on Saturday, following concerns the European Union might be losing enthusiasm for the project. The natural gas pipeline, which will cost an estimated $40 billion, is designed to carry Russian gas to the centre of Europe on a route that bypasses crisis-hit Ukraine. The project has yet to be approved by the EU, which is trying to become less dependent on Russian gas.
Colombia's Oil Sector Rejects Proposed Tax Reform
Colombia's oil sector on Saturday hit out at a proposed tax reform that the government has presented to Congress, arguing that higher duties on corporate earnings would damage the already troubled driver of the economy. A bill was presented to Congress on Friday that seeks to raise an additional 53 trillion pesos ($26.2 billion) over the next four years, including a tax on earnings above 1 billion pesos at 12 percent, up from 9 percent currently.
5 Boaters Recued near Holden Beach by USCG & Agents
Coast Guard and partner agencies rescued five boaters Saturday after their boat capsized in Lockwoods Folley Inlet near Holden Beach, North Carolina. Coast Guard Sector North Carolina watchstanders received notification from a good Samaritan reporting a disabled vessel at anchor within the inlet had capsized. Sector watchstanders issued an urgent marine information broadcast and dispatched a crew aboard a 25-foot Response Boat-Small from Coast Guard Station Oak Island.
COSCO Builds 3rd BigRoll MC Class
BigRoll Shipping announces that it has contracted COSCO Dalian Shipyard Co., LTD to build a third MC Class Module Carrier. She will be named BigRoll Baffin and is scheduled for delivery in June 2016. Bigroll Shipping last year in September ordered two vessels of the same type with options two order two more. The BigRoll Barentsz is the first of two MC Class Module Carriers ordered last year for the transportation of ultra large and heavy modular cargoes.
2 Push Boats Delivered from Shipyard Gebr. Kooiman
Scheepswerf Gebr. Kooiman successfuly completed modification of two push boats, Imperial XV and XVI, in record time and delivered them to its new owner in Argentina on 26 th September. Initially, these push boats were designed for operation in West-European waters, implying the need to implement several modifications to allow problem free operation in Argentina – Paraguay. Because of its experience…
Miko Carrying Case for High Power Magnets
Miko Marine has developed a new carrying case for the convenient transport and storage of its high power anchor magnets. Manufactured from special high density polypropylene the new case is water and dust proof and contains an inner storage compartment that shields and isolates the magnet from its surroundings. The case has been designed to accommodate the powerful Miko MAM-001 and MAM-003 magnets…
Portsmouth Shipyard Delivers USS Springfield
Portsmouth Naval Shipyard (PNSY) delivered USS Springfield (SSN 761) back to the fleet on Sept. ahead of schedule and under budget. PNSY conducted Springfield's docking continuous maintenance availability off-yard at Sub Base New London in Groton, Connecticut. Although PNSY routinely performs work outside the Kittery, Maine shipyard, off-yard availabilities are unique and an all-inclusive team mentality from planning to execution is especially important.
Bataan ARG/MEU Transits from U.S. 5th Fleet to 6th Fleet
Ships of the Bataan Amphibious Ready Group (ARG) with embarked 22nd Marine Expeditionary Unit (MEU) transited the Suez Canal Oct. 2, 2014, marking the beginning journey homeward. Deployed since February 8, 2014, the Bataan ARG/MEU is comprised of the multipurpose amphibious assault ship USS Bataan (LHD 5), amphibious transport dock ship USS Mesa Verde (LPD 19), amphibious dock landing ship USS Gunston Hall (LSD 44), and embarked Marines from the 22nd MEU.
Discovery of Gas Accumulation at Espírito Santo Basin
Petróleo Brasileiro S.A. – Petrobras announces the discovery of new gas accumulation at Espírito Santo Basin post-salt. The discovery took place during drilling of well 3-BRSA-1259-ESS (ANP nomenclature) / 3-ESS-222 (Petrobras nomenclature), informally known as Tanganika, at a water depth of 1,043 meters, located in the Malombe Discovery Evaluation Plan (PAD), 72 km off the coast of the Espírito Santo state.
Young Artists Awarded in Salekhard
Salekhard hosted today an awarding ceremony of the winners of the Make the World Cleaner contest of children’s drawings and crafts, organized by the Directorate of the Federal Service for Supervision over Natural Resources Use for the Yamal-Nenets Autonomous Area with the support of Gazprom Dobycha Nadym. The contest results in the Drawings and Crafts nominations were summed up in two age groups – from 5 to 9 years and from 10 to 17 years.