It is a 114-meter-long patrol vessel equipped with a helicopter. Nicknamed "Haixun 11", the ship was completed Saturday. It will be put into use in June, said Liu Gongchen, deputy director of the maritime bureau under the ministry. The ship is capable of carrying out maritime search-and-rescue missions, monitoring coastal waters, and serving as a command post, he said. The launch of the vessel would enable the country to expand its maritime patrol scope and have longer and more regular patrols. "Haixun 11" can sail as far as 6,000 nautical miles (6,900 miles) on one fuel supply. Its top speed reaches more than 40 km per hour.
Monday, March 2, 2009
China launches most advanced maritime patrol ship
China has launched its most advanced maritime patrol ship off the coast of Weihai city in eastern Shandong Province, said an official with the Ministry of Transport Sunday.
It is a 114-meter-long patrol vessel equipped with a helicopter. Nicknamed "Haixun 11", the ship was completed Saturday. It will be put into use in June, said Liu Gongchen, deputy director of the maritime bureau under the ministry. The ship is capable of carrying out maritime search-and-rescue missions, monitoring coastal waters, and serving as a command post, he said. The launch of the vessel would enable the country to expand its maritime patrol scope and have longer and more regular patrols. "Haixun 11" can sail as far as 6,000 nautical miles (6,900 miles) on one fuel supply. Its top speed reaches more than 40 km per hour.Read More
It is a 114-meter-long patrol vessel equipped with a helicopter. Nicknamed "Haixun 11", the ship was completed Saturday. It will be put into use in June, said Liu Gongchen, deputy director of the maritime bureau under the ministry. The ship is capable of carrying out maritime search-and-rescue missions, monitoring coastal waters, and serving as a command post, he said. The launch of the vessel would enable the country to expand its maritime patrol scope and have longer and more regular patrols. "Haixun 11" can sail as far as 6,000 nautical miles (6,900 miles) on one fuel supply. Its top speed reaches more than 40 km per hour.
ExxonMobil bags rig for Kipper gig
ExxonMobil has hired the semi-submersible drilling rig Ocean Patriot for development drilling next year on the A$1.1 billion Kipper subsea gas project off south-east Australia.
The US giant did deals with Apache and rig owner Diamond Offshore to secure the semisub. Drilling of the Kipper subsea wells will begin in early 2010, and will run between three and six months, said ExxonMobil, which is the operator and owns 32.5% of Kipper. Partners are BHP Billiton (32.5%) and Santos (35%). The field sits in 100 metres of water and holds 620 billion cubic feet of recoverable gas and 30 million barrels of condensate. J Ray McDermott is providing offshore installation services; Vetco Gray the subsea production system; Aker Kvaerner the umbilicals, while Production Services Network will do brownfield engineering on the existing West Tuna platform.Read More
The US giant did deals with Apache and rig owner Diamond Offshore to secure the semisub. Drilling of the Kipper subsea wells will begin in early 2010, and will run between three and six months, said ExxonMobil, which is the operator and owns 32.5% of Kipper. Partners are BHP Billiton (32.5%) and Santos (35%). The field sits in 100 metres of water and holds 620 billion cubic feet of recoverable gas and 30 million barrels of condensate. J Ray McDermott is providing offshore installation services; Vetco Gray the subsea production system; Aker Kvaerner the umbilicals, while Production Services Network will do brownfield engineering on the existing West Tuna platform.
World's first sustainable ocean summit
Leaders from ocean industries dependent on marine space, services and resources will gather in Belfast, Northern Ireland, this June.
It is the first-ever Sustainable Ocean Summit in order to develop cross-sectoral business action on corporate ocean responsibility, and to ensure more effective communication and collaboration across the non-governmental sector in addressing ocean environmental challenges. The Sustainable Ocean Summit participants will include: shipping, oil and gas, fisheries, marine tourism, renewable ocean energy, shipbuilding, marine technology, ports, dredging, seabed mining, seabed cables / pipelines, and others, as well as maritime insurance, finance and legal services. "Companies and industry associations from around the world are expressing significant interest in a coordinated global private sector leadership approach to ocean environmental issues", noted World Ocean Council’s (WOC) Executive Director Paul Holthus. The Sustainable Ocean Summit will bring together a wide range of industries that use marine space and resources around the theme of "Reducing Risk, Increasing Sustainability: Solutions through Collaboration". The event will be held in Belfast from June 16 to 17, 2009.Read More
It is the first-ever Sustainable Ocean Summit in order to develop cross-sectoral business action on corporate ocean responsibility, and to ensure more effective communication and collaboration across the non-governmental sector in addressing ocean environmental challenges. The Sustainable Ocean Summit participants will include: shipping, oil and gas, fisheries, marine tourism, renewable ocean energy, shipbuilding, marine technology, ports, dredging, seabed mining, seabed cables / pipelines, and others, as well as maritime insurance, finance and legal services. "Companies and industry associations from around the world are expressing significant interest in a coordinated global private sector leadership approach to ocean environmental issues", noted World Ocean Council’s (WOC) Executive Director Paul Holthus. The Sustainable Ocean Summit will bring together a wide range of industries that use marine space and resources around the theme of "Reducing Risk, Increasing Sustainability: Solutions through Collaboration". The event will be held in Belfast from June 16 to 17, 2009.
Tanker escapes pirate attack
The 74,000DWT tanker, ‘Lia’ has had a close call with pirates, but managed to escape unscathed.
The vessel’s 26 crew, all of whom are Indian nationals, are unhurt, and the ships is continuing its journey to China. The Liberian-flagged panamax tanker ‘Lia’ is managed by Seearland Shipping, the Netherlands, and Italy’s Motia Compagnia di Navigazione. The ‘Lia’ had loaded its cargo of naphtha in Amsterdam and was proceeding to its discharge destination in China. The vessel arrived at the meeting point in the Gulf of Aden and was waiting for a naval escort to assist the vessel in the transit of the Gulf of Aden. The vessel was given military escort by a Chinese warship along with three other vessels. On February 24, the vessel experienced an engine malfunction and was forced to stop. The officer of the watch detected on radar two high-speed craft approaching the vessel and closing in dangerously. The Master raised the alarm on board and the crew started taking action as per the standard vessel security plan.Read More
The vessel’s 26 crew, all of whom are Indian nationals, are unhurt, and the ships is continuing its journey to China. The Liberian-flagged panamax tanker ‘Lia’ is managed by Seearland Shipping, the Netherlands, and Italy’s Motia Compagnia di Navigazione. The ‘Lia’ had loaded its cargo of naphtha in Amsterdam and was proceeding to its discharge destination in China. The vessel arrived at the meeting point in the Gulf of Aden and was waiting for a naval escort to assist the vessel in the transit of the Gulf of Aden. The vessel was given military escort by a Chinese warship along with three other vessels. On February 24, the vessel experienced an engine malfunction and was forced to stop. The officer of the watch detected on radar two high-speed craft approaching the vessel and closing in dangerously. The Master raised the alarm on board and the crew started taking action as per the standard vessel security plan.
India likely to double LNG imports this year
Mumbai: Last year, India imported between 6.5 and 7 million metric tonnes per annum (mmtpa) of LNG.
This year it could go over 13 mmtpa, according to analysts. “We expect the demand for LNG to be far greater this year than what it was last year on account of a shortfall in domestic gas supply,” a senior official from Royal Dutch Shell, India, told on the condition of anonymity. “The overall economic slowdown in the West will favour LNG supplies to India as new capacities are also being commissioned the world over,” he added. Shell and Total are operators of the Hazira LNG terminal in Gujarat with a capacity of 2.5 million tonnes (mt) a year. Shell completed ‘de-bottlenecking’ of its terminal in December, increasing its capacity to 3.6 mt per year. Historically, LNG demand has largely emanated from the Asia-Pacific region, primarily due to Japanese and South Korean requirements, which account for over 50 per cent of the world LNG trade. “With falling industrial demand coupled with the fall in crude oil prices, spot demand from these two regions has suffered,” said a senior official from Gujarat State Petronet Ltd. India is a gas deficit country. Power and fertiliser plants consume 70 per cent of the gas available in the country.Read More
This year it could go over 13 mmtpa, according to analysts. “We expect the demand for LNG to be far greater this year than what it was last year on account of a shortfall in domestic gas supply,” a senior official from Royal Dutch Shell, India, told on the condition of anonymity. “The overall economic slowdown in the West will favour LNG supplies to India as new capacities are also being commissioned the world over,” he added. Shell and Total are operators of the Hazira LNG terminal in Gujarat with a capacity of 2.5 million tonnes (mt) a year. Shell completed ‘de-bottlenecking’ of its terminal in December, increasing its capacity to 3.6 mt per year. Historically, LNG demand has largely emanated from the Asia-Pacific region, primarily due to Japanese and South Korean requirements, which account for over 50 per cent of the world LNG trade. “With falling industrial demand coupled with the fall in crude oil prices, spot demand from these two regions has suffered,” said a senior official from Gujarat State Petronet Ltd. India is a gas deficit country. Power and fertiliser plants consume 70 per cent of the gas available in the country.
Sunday, March 1, 2009
Peru top court bans oil exploration work
Peru's top court has ruled that foreign petroleum companies must halt exploration work at a site in the Andes Mountains where environmentalists have complained about possible water pollution.
The oil concession in question is in lot 103 in northern Peru, in San Martin province. The companies ordered to halt exploration work are Brazil's Petrobras, Spain's Repsol and Canada's Talisman Energy said. The complaint alleges that drilling work in the area violates a law protecting a sensitive environmental area that overlaps with the lot, and that drilling would contaminate important watersheds relied on by local communities. "The final phase of exploration work and the production phase are forbidden," the Constitutional Tribunal said in a ruling that affects work within the protected environmental area, but not the whole lot. The court said work could eventually go forward, but only if the companies provide detailed plans showing how they will minimize environmental harm. Petrobras could not be reached for comment. Repsol said it was unaware of the ruling and said Talisman was the lead partner on the lot.Read More
The oil concession in question is in lot 103 in northern Peru, in San Martin province. The companies ordered to halt exploration work are Brazil's Petrobras, Spain's Repsol and Canada's Talisman Energy said. The complaint alleges that drilling work in the area violates a law protecting a sensitive environmental area that overlaps with the lot, and that drilling would contaminate important watersheds relied on by local communities. "The final phase of exploration work and the production phase are forbidden," the Constitutional Tribunal said in a ruling that affects work within the protected environmental area, but not the whole lot. The court said work could eventually go forward, but only if the companies provide detailed plans showing how they will minimize environmental harm. Petrobras could not be reached for comment. Repsol said it was unaware of the ruling and said Talisman was the lead partner on the lot.
Posco aims for profit despite output cuts
Seoul: Recently appointed Posco ceo Chung Joon Yang has stated that the steel producer is “confident” of turning a profit “with only 2m tons of output cuts,” (i.e. a 6% reduction to the previous year’s production) and is considering mergers and acquisitions.
The South Korea-based company said today it will cut output by as much as 800,000 metric tons between January and March. Posco slashed production in December for the first time in its 40-year history, joining moves by ArcelorMittal and Nippon Steel Corp., the world’s biggest steelmakers, as the global recession crimped demand. The slowdown and tumbling values may present acquisition opportunities for Posco, Chung is reported as saying. “At this time of economic recession, the cost to buy a steel company can come down to below $1,000 per ton, so we are positively considering M&As,” the newswire reports Chung saying at a press conference. “What we fear the most is the industry slump may last for the next two to three years. Then, we’ll have to cut output by 30%.” However, Posco may carry out output cuts if the slump continues after June. Chung said, “Global steelmakers need to cut output together to reduce inventories, and thus help the industry recover quickly.” Chung’s comments echo concern by UBS AG that steelmakers may have raised output too quickly in January in response to a bounce in Chinese demand.Read More
The South Korea-based company said today it will cut output by as much as 800,000 metric tons between January and March. Posco slashed production in December for the first time in its 40-year history, joining moves by ArcelorMittal and Nippon Steel Corp., the world’s biggest steelmakers, as the global recession crimped demand. The slowdown and tumbling values may present acquisition opportunities for Posco, Chung is reported as saying. “At this time of economic recession, the cost to buy a steel company can come down to below $1,000 per ton, so we are positively considering M&As,” the newswire reports Chung saying at a press conference. “What we fear the most is the industry slump may last for the next two to three years. Then, we’ll have to cut output by 30%.” However, Posco may carry out output cuts if the slump continues after June. Chung said, “Global steelmakers need to cut output together to reduce inventories, and thus help the industry recover quickly.” Chung’s comments echo concern by UBS AG that steelmakers may have raised output too quickly in January in response to a bounce in Chinese demand.
Subscribe to:
Posts (Atom)
