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Petrofac bags two offshore extensions in UK

Petrofac, a service provider to the oil & gas industry, has recently secured two contract extensions, one from Centrica and the other from EnQuest.  Petrofac secured a two year extension from Centrica Storage Limited to its serv...

14/12/2015 Read

COSCO confirms merger approval

China’s State-owned Assets Supervision and Administration Commission of the State Council has given its in-principle approval for the proposed merger of the country’s shipping giants, China Ocean Shipping (Group) Company and China Sh...

14/12/2015 Read

Dorian’s 18th VLGC Delivered

Connecticut-based owner and operator of liquefied petroleum gas (LPG) carriers Dorian LPG has taken delivery of ECO very large gas carrier (VLGC) Challenger from Hyundai Samho Heavy Industries. The 84,000 cbm Challenger wi...

14/12/2015 Read

Green light for $2B worth NWS offshore project

Woodside, as Operator of the North West Shelf (NWS) Project, has informed that the project participants have approved the Greater Western Flank Phase 2 (GWF-2) project off the north-west coast of Australia. According to Woodside, the GWF-2 project...

11/12/2015 Read

A Shipwreck Containing $17 Billion of Lost Gold Has Been Found

Bloomberg — In 1708, the Spanish flagship San Jose was sunk by a British squadron near the port of Cartagena, in what is modern-day Colombia, taking down with it about 600 souls and a treasure that a U.S. salvage group says may be worth as much...

11/12/2015 Read

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