Sunday, June 25, 2017

Chevron Hits Anchor Oil in GoM

February 10, 2015 by  
Filed under Top Stories

Chevron Corporation has announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico.Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. “The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the deepwater Gulf of Mexico. We had […]

KOGT Hits Kongsberg Profit

February 10, 2015 by  
Filed under Top Stories

Norway’s Kongsberg has reported a profit after tax of NOK 32 million in Q4 2014, down from 375 million in the same period last year. The company has also posted a preliminary profit for the year after tax of MNOK 880, compared to last year’s MNOK 1 225. Namely, Kongsberg Oil & Gas Technologies KOGT […]

Reef Subsea Goes Under

February 10, 2015 by  
Filed under Top Stories

Norwegian offshore wind and oil & gas services player, Reef Subsea, has filed a bankruptcy petition to Bergen District Court despite company’s efforts to restructure and cut costs in order to stay afloat in today’s challenging market. The company, established in February 2010 and 100% owned by Stavanger-based company HitecVision, is likely to be Norway’s first […]

Allseas to Rename Pieter Schelte

February 10, 2015 by  
Filed under Top Stories

Dutch-Swiss offshore company Allseas has reportedly decided to change the name of the largest ship in the world Pieter Schelte. Despite years of criticism, Edward Heerema has until now refused to change the name of the 382 meter long and 124 meter wide Pieter Schelte, whose construction started in 2007 and cost €2.4 billion. A […]

The Port of Sunderland is 300 years old. Historically it was a hugely important contributor to the prosperity of the City playing a central role in the coal and shipbuilding industries.

February 10, 2015 by  
Filed under Top Stories

Recent investment and developments, together with significant political and commercial backing from the City Council, mean that the Port is once again central to Sunderland’s economic future. The mood amongst the management team and the businesses based at the Port is positive. Not only are the companies involved in more traditional cargoes enjoying resurgence at […]

Maritime Traffic Up Fourfold in Two Decades

December 2, 2014 by  
Filed under Top Stories

Maritime traffic on the world’s oceans has increased 300 per cent over the past 20 years, according to a new study by the American Geophysical Union (AGU) aimed at quantifying global ship traffic. The research used satellite data to estimate the number of vessels on the ocean every year between 1992 and 2012. The number […]

Image of the Day: Chasing the Sun

December 2, 2014 by  
Filed under Top Stories

The image shows the U.K. Navy’s HMS Atherstone which has spent the last two weeks working in close company with the ships and staff of the Japanese 51st Mine Division in the waters of the Gulf. The two Japanese ships Bungo and Yaeyama and their battle staff led by Captain Yoshida, had deployed to the […]

Interview: Antwerp Sets the Course for Future Growth

December 2, 2014 by  
Filed under Top Stories

Luc Arnouts, the Port of Antwerp ‘s Chief Commercial Officer Belgium’s Port of Antwerp is the biggest port area in the world, covering 13,057 hectares, the equivalent of 20,000 football fields. The Port of Antwerp is situated some 80 kilometers inland at the upper end of the tidal estuary of the Scheldt river, which thanks to the latest […]

IoD Boss slams BG for ‘excessive’ CEO salary

December 2, 2014 by  
Filed under Top Stories

Helge Lund, new BG Group CEO, has been offered a £25 million pay deal Institute of Directors (IoD), a UK-based body that represents and set standards for company directors, has slammed BG Group’s decision to award a £25 million ($39.36 million) pay deal to incoming Chief Executive, Helge Lund. Simon Walker, Director General of the Institute […]

Huntington field ready to resume production

December 1, 2014 by  
Filed under Top Stories

Huntington oil field, located in the UK North Sea, is slated to get back in production this weekend.                       According to Premier Oil, a partner in the field with 40 percent interest, Huntington will return to producing oil ahead of schedule, as the planned maintenance […]

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