OGX Strikes Oil again at the Campos Basin and Discloses a Major Gas Discovery at the Onshore Parnaiba Basin.

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on August 17, 2010

OGX Petróleo e Gás announced that, through its subsidiary OGX Maranhão, has identified presence of gas in the Devonian section of well 1-OGX-16-MA, in the block PN-T-68, in the onshore basin of Parnaiba. OGX Maranhão, an entity formed by OGX S.A. (66.6%) and MPX Energia S.A.

Piracy approach a failure, say Hong Kong shipowners

Posted to Far East Maritime (by Greg Knowler) on January 19, 2010

The Hong Kong Shipowners’ Association (HKSOA) has called for governments to throw out the current response to pirates menacing ships off the Horn of Africa, accusing the international community of tolerating piracy instead of eliminating attacks.

Marine protected areas

Posted to Maritime Musings (by Dennis Bryant) on January 8, 2010

Marine protected area (MPA) is a fluid term with a range of possible meanings. For the most part, it is an area of the marine environment where human activity is regulated for the purpose of conserving and managing natural and cultural marine resources.

Massive drugs haul off Spanish coast

Posted to On the waterfront (by Emma-Jane Batey) on December 24, 2009

The streets of London may have got just a little bit cleaner and safer thanks to a massive drugs haul off the coast of Northern Spain. Cocaine with a street value of £375million was seized from a large ship, a 150ft former coastguard vessel…

WHO SHOULD BE THE DESIGNATED DRIVER?

Posted to BoatbuildConsult.com (by Phil Friedman) on December 16, 2009

Just about every boatyard uses the expression, “On time and on budget.” But in reality, how many major build or refit projects meet those criteria? Very, very few, if any. There is a plethora of factors working to prevent a project from coming in on time and on budget.

Schlumberger Solutions Tailored for Deepwater Subsalt Well Intervention

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on December 10, 2009

The challenges facing the exploration and subsequent production phase in the deepwater subsalt fields are extensive. The cost involved in deepwater E&P can get to a point where it isn´t financially atractive in terms of profit margins. One of…

WHAT’S IT ALL ABOUT, WARREN?

Posted to THE BUSINESS OF SUPERYACHTS - BRANSOM BEAN (by bransom bean) on December 5, 2009

It’s been an ironic couple of weeks for superyachts and frankly, I don’t quite know what to make of it all. First Warren Buffett bought BNSF www.bnsf.com , then Nordhavn www.nordhavn.com finally sold it’s first 120 foot long, er, “trawler” joining…