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Information seized by Navy SEALS in the raid on Osama Bin Laden's compound shows that Al Qaeda has been considering hijacking tankers at sea and blowing them up, according to media reports.The Associated Press reported that the FBI and the Department of Homeland Security issued a warning to authorities and the oil industry Friday. The AP report said Al Qaeda sought to obtai ...

Island Offshore, in which Edison Chouest is a partner, has purchased a newbuild SX 121 type construction vessel from shipbuilder Ulstein Verft . The vessel, the Karianne, was completed on time in the fourth quarter of 2010. It was originally contracted by the shipping company Marine Subsea, which, says Ulstein, "could not to take delivery of her after completion." ...

The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world's first FLNG facility. Moored far out to sea, some 200 km from the nearest land in Australia, the FLNG facility will produce gas from offshore fields, and liquefy it onboard by cooling. ...

The Evergreen Group signed a contract with Taiwan's China Shipbuilding Corp. (CSBC) for the construction of 10 environmentally friendly L-class 8,000-TEU container vessels. The 10 post-panamax ships will be operated on Evergreen Line's various worldwide trade routes.The contract was signed by Evergreen Vice Group Chairman Bronson Hsieh and CSB ...

In an event at its Diesel Research Center in Copenhagen yesterday, e to an invited audience. The presentation of the two-stroke engine marked the culmination of  work that began in the 1990s with the company's prototype MC-GI dual-fuel engine.Yesterday's full-scale demonstration and performance verification test of the GI principle for all kinds of ma ...

Bergen, Norway, headquartered Dolphin Group ASA (OSE:DOLP) announced today that the 3D vessel Polar Duke yesterday entered into production on its first project for TGS Nopec ASA in the Norwegian sector of the Barents Sea.Polar Duke was taken on charter in Stavanger on May 10, following its April 30 christening at the GMC Maritime AS shipyard, and mobilized direc ...

OSV-giant Tidewater Inc. (NYSE:TDW) today reported fourth quarter net earnings for the period ended March 31, 2011, of $12.0 million, or $0.23 per share, on revenues of $254.0 million.That compared with net earnings  of $56.9 million on revenues of $260 million in the same quarter of last year. For fiscal year ended March 31, 2011, net earnings were $105.6 million, or ...

As gasoline prices edge up to a nationwide average of $4, there’s been lots of talk going on in Washington about giving American consumers relief by increasing domestic energy production of oil and gas. Unfortunately, it seems that Democrats and Republicans can’t come to a consensus on just how to do it.The latest effort was a U.S. Senate bill that woul ...

Farstad Shipping ASA has, through its wholly owned subsidiary in Norway, declared its options for building two platform supply vessels (PSV) at STX OSV. One of the vessels will be built at the STX shipyard in Vietnam and one at the STX yard in Tomrefjord, Norway (Langsten).The newbuilds are part of Farstad Shipping's continuous fleet renewal and represent an investment ...

The U.K. Marine Accident Investigation Branch (MAIB) has issued its report on the investigation of contacts made by the high speed craft Norman Arrow with quays in Portsmouth International Port, Portsmouth U.K. on  March 31, 2010 and with a mooring dolphin in Le Havre, France on August 29, 2010.The March 31 incident occurred when the U.K. regi ...