BP's Interim Dividend for 2014
On 28 October 2014, the Directors of BP p.l.c. announced that the interim dividend for the third quarter 2014 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on 19 December 2014 to shareholders on the share register on 7 November 2014. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend…
Vankorneft Starts Suzan Pipeline Construction
Vankorneft, a subsidiary of Rosneft, in compliance with the program of Suzun field development started construction of pressure oil pipeline to connect Suzun and Vankor oil fields. Total length of the oil pipeline will be 101 km. The project implementation became possible due to a complex of technical and managerial arrangements. For instance, over 1600 two-pipe sections were welded, and the process of pile foundations installation started.
General Dynamics Wins $44 million USN Contract
The U.S. Navy has awarded General Dynamics Electric Boat a $44.5 million contract modification to perform non-nuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics. With this modification, Electric Boat will continue operating the New England Maintenance Manpower Initiative (NEMMI) at the submarine base.
Petrobras P-66 hull Ready For Integration
On Monday, December 8, Petrobras began transporting the hull of P-66, the first platform in a series of eight “replicant” FPSOs (floating production, storage and offloading units) being constructed to meet oil production demands in Brazil. This is the first FPSO hull completely built in the country. Having left the Rio Grande 1 shipyard, located in the city of Rio Grande, state of Rio Grande do Sul…
RWE Dea to Expand in Egypt
RWE Dea doubled its oil and gas production in Egypt and drawn up expansion plans. North Africa is a strategic core region for Dea. The company is one of the leading foreign investors in Egypt and produces oil and gas in the country for 30 years by now. RWE Dea is presenting applied technology highlights and recent projects at the MOC 2014 in Alexandria. At the company’s own booth (Central Hall, Stand A2) and the technical program…
Revised Port Tariffs for Darwin
* 30% increase in wharfage rates for general cargo, livestock and containerised cargo. These new tariff changes will come into effect on 1st February 2015 and apply…
2015 NSRP All Panel Meeting in Charleston, SC
Registration for the All Panel Meeting of the National Shipbuilding Research Program 2015 scheduled to be held at Charleston, SC from March 10-12, 2015 is now open. The All Panel Meeting is a biennial event that brings together all eleven panels of the National Shipbuilding Research Program to: present results from recently concluded and ongoing R&D projects; discuss technology gaps in the areas of ship design…
Oil Continues Downward Spiral
The latest report from the U.S. • North Sea Brent crude oil spot prices fell by more than 15% in November, declining from $85/barrel (bbl) on November 3 to $72/bbl on November 28.
New Victaulic Gasket for Maritime
Victaulic developed a new nitrile gasket for the maritime industry. The Grade T “Type A” gasket, designed for use with specific Victaulic couplings and flange adapters, simplifies gasket specification and offers superior fire-resistant performance. The nitrile Grade T Type A gasket can be specified for a wide range of services, eliminating the need to use multiple types of gaskets for different applications and simplifying gasket selection.
Maritime Regs: Preparing For Future Emission Requirements
This week, find out why and how choosing ExxonMobil Marine Fuels & Lubricants Mobilgard 410 NC can help optimize the performance of engines that meet Tier IV emission requirements, which continue to be phased in from Jan. 1, 2015, depending on vessel and engine type. Optimize the performance of engines that meet Tier IV emission requirements. The EPA requires that new and medium and high-speed engines…
Noble Pleads Guilty to Enviro Charges Surrounding Kulluk
Noble Drilling (U.S.) LLC was charged with environmental and maritime crimes for operating the drill ship Noble Discoverer and the drilling unit Kulluk in violation of federal law in Alaska in 2012…
ShipConstructor 2015 R2 & Enhanced Communication
A major determinant of shipbuilding productivity is clear communication. The SSI's ShipConstructor 2015 R2 distinguishes this with modified improvements focused on how information is conveyed. SSI continues to make advancements in regard to how ShipConstructor facilitates the modeling and management of welding. Welding can represent 20-30% of production hours and approximately 10% of total cost. Therefore, improvements in this area have immediate bottom line implications.
CMA CGM Litani Enters the Fleet
CMA CGM Group has announced the CMA CGM Litani was delivered on December 3rd, 2014 in China. The CMA CGM Litani (10,622 TEUs) is the third of a series of 28 vessels from 9400 TEUs to 10 900 TEUs, vessels which will be delivered from now to the third quarter of 2016. Last June, the Group received the delivery of the first vessel of this series: the CMA CGM Danube. Each vessel of this one-of-a-kind series will be named after a famous river of the world.
Mares Joins Guardian as Europe, U.S. Agent
Going from strength to strength, Guardian Maritime Ltd, producers of GUARDIAN anti-piracy barriers, has further expanded its worldwide coverage and distribution by signing a deal with Mares Shipping GmbH, specialists in the supply of spare parts and technical equipment for ships, for it to become the latest stockist and agent. With owners seeking a more crew friendly and environmentally responsible option in the fight against piracy…
Fugitive Emissions: The New Regulatory Elephant in the Room
W&O Supply and Chesterton team up to reduce harmful emissions out in front to the EPA’s monitoring program. It’s less expensive than you might think. From the UK’s Maritime and Coastguard Agency comes the September 2014 news of a barge operator fined for releasing dangerous gas into the atmosphere. The UK-based firm was made to pay almost £111,000 in fines and costs as a result of emitting unsafe levels of a gas; in this case, hydrogen sulphide (H2S).
Proper Applications for Specialty Lubricants
Specialty lubricants are used in a variety of applications, but what factors should you consider? Depending on the situation, specialty lubricants can complement an existing program, in order to obtain maximum efficiencies. Often, shipboard use of lubricants is influenced by two general objectives – rationalization of the lubricant inventory and cost management. Vessels have limited storage space and complex logistics supply systems.
USMRC, ClassNK Ink Joint Research Deal
The United States Maritime Resource Center (USMRC) in Middletown, Rhode Island and ClassNK have announced the signing of a Memorandum of Understanding (MOU) laying out a framework for future technical cooperation to carry out joint research and development activities for the maritime industry. This will mark the first time a major ship classification society has teamed with a prominent marine operations simulation center engaged in specialized training and research in North America.
Marine Engine Emissions: GE Changes the Conversation
As operators ponder the thorny question of dual fuel, LNG or SCR Treatment, GE Transportation’s new medium speed marine diesel engine seemingly simplifies the playing field. The October 2014 news that global oilfield giant Oceaneering had committed to building a ship designed with GE Transportation marine diesel engines was ordinary enough, but the recent keel laying ceremony held at the BAE Systems Shipyard in Mobile, AL held special significance for not only Oceaneeering, but for GE as well.
Shepler’s Taps Moran Iron Works to Build Ferry
A $3.8 million ferry for Shepler’s Mackinac Island Ferry will soon be under construction at Moran Iron Works in Onaway, Michigan. The 85-foot, all-aluminum ferry…
Year of Grain and Steel Boosts Seaway Season
With just one month left of the season, St. Lawrence Seaway cargo shipments are expected to finish ahead of 2013 after a remarkable year of grain exports and steel imports. According to the St. Lawrence Seaway, total cargo shipments reached 34.6 million metric tons for the period from March 25 to November 30 — up 5 percent over the same period last year. Seaway management expect the season will close ahead of last year by a similar margin.