Category Archives: News

Oil headed for the longest run of weekly gains since April 2009

Posted on November 15, 2011 by Editor

By Grant Smith Oil headed for the longest run of weekly gains since April 2009, on speculation that signs of U.S. economic growth and Europe’s steps to contain its debt crisis will support fuel demand. Crude climbed as much as … Continue reading →

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Oil Riches Pile on China Doorstep as Clashes Delay Drilling

Posted on November 15, 2011 by Editor

Nov. 11 (Bloomberg) — To China, the world’s biggest energy consumer, another Saudi Arabia of oil may lie beneath the ocean to its south. Escalating regional tensions mean large-scale drilling may be slipping further into the future. The South China … Continue reading →

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US apologises to APJ Abdul Kalam for frisking incident…

Posted on November 14, 2011 by matson

                US apologises to APJ Abdul Kalam for frisking incident See photo NEW DELHI: The US has apologised to former President APJ Abdul Kalam for subjecting him to frisking at New York’s JFK … Continue reading →

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ArcelorMittal set to exceed Liberia 2011 iron ore

Posted on November 13, 2011 by Editor

ArcelorMittal, the world’s top steel maker, is on track to produce between 1.2 million and 1.3 million tonnes of iron ore from its Liberia mine in 2011, exceeding a 1-million-tonne target, and does not expect a decline in prices to … Continue reading →

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India: Global Offshore to buy 3 more ships; to invest Rs 750 cr

Posted on November 13, 2011 by Editor

The Mumbai-based Global Offshore Services plans to acquire three new vessels to take advantage of the expected buoyancy in demand for offshore oilfield services. Order for one of them, costing around $50 million, is expected to be placed in the … Continue reading →

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Marines to Build Mock Container Ship for Counter-Piracy Training

Posted on November 13, 2011 by Editor

The Marine Corps is planning to build a three-story mock container ship on a plot of land at Camp Lejeune, N.C., so special operators can practice clearing out pirates from hijacked vessels. The 12,000-square-foot land-locked ship will have a wheelhouse, … Continue reading →

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Indian ship thwarts piracy attempt in Gulf of Aden, 26 pirates arrested

Posted on November 13, 2011 by Editor

Indian Naval ship, INS Sukanya, thwarted a piracy attack in the Gulf of Aden and captured three boats of the pirates.A statement from the Defence PRO says the incident happened yesterday when INS Sukanya was escorting a group of merchant … Continue reading →

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India: Aban Offshore Secures Three Year Contract for Jack-Up Rig

Posted on November 13, 2011 by Editor

India’s biggest offshore drilling contractor in the private sector, Aban Offshore has won a three year contract worth USD 57 million from ONGC for deployment of jack-up rig Aban II , reported The Economic Times. In a regulatory filing, Aban … Continue reading →

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Turkish hijacker killed by security forces

Posted on November 13, 2011 by Editor
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Turkish security forces killed a lone hijacker, believed to be a Kurdish militant, in a pre-dawn operation on Saturday to rescue more than 20 passengers held hostage for 12 hours on a ferry in northwest Turkey. The decision was taken … Continue reading →

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Australian cricketers stunned and embarrassed

Posted on November 13, 2011 by Editor
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Clarke questions team’s attitude Australian cricket was shaken to its core by the nature of its eight-wicket loss to South Africa, leaving new captain Michael Clarke questioning the team’s fighting spirit and blasting its spectacularly bad performance. Just four tests … Continue reading →

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