Norway: Eidesvik Offshore Confirms Vessel no 2 with Kleven Maritime

In July this year Kleven Maritime entered into a contract with Eidesvik Offshore for the delivery of one advanced Platform Service Vessel of the VS 489 LNG design, with one optional vessel to be declared before December 1st 2010. This option has now been declared. The vessels are to be outfitted at Kleven Verft in Ulsteinvik, Norway. Deliveries are set for Q1 and Q4 2012.
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Source: Offshore Energy Today

BG Group hits gas with second well off Tanzania

BG Group has discovered gas with its second Tanzanian exploration well, Chewa-1, the company announced today. The well, located in Block 4 approximately 80 km offshore southern Tanzania in a water depth of around 1 300 m, is some 8 km northwest of BG Group's Pweza-1 gas discovery announced in October.
Chewa-1, operated by Ophir Energy plc (40%), is the second of a three-well initial work program planned for Blocks 1, 3, and 4 offshore southern Tanzania. The initial work program also includes the acquisition of 4,000 sq km of 3D seismic data. BG Group (60%) has the option to assume operatorship of all three blocks upon completion of the initial work program.
"This is an encouraging start to our campaign in Tanzania," said BG Group Chief Executive Frank Chapman. "We have a large acreage position to explore and an extensive exploration program will be needed to assess the full potential of this new play."
Source: Press release

Lundin Petroleum finds oil in Norwegian Sea

Swedish company Lundin Petroleum AB said today that it has found oil by drilling the 16/1-4 wildcat on the Apollo prospect in the Norwegian Sea.
The well is located in production licence (PL) 338, where Lundin Petroleum, via its wholly-owned unit Lundin Norway AS, is operator and holds 50%.
The initial recoverable resources are estimated at between 15 million and 65 million barrels of oil.
The well, located about 4 km north west of the Luno field and 3 km south of the Draupne discovery, was drilled by the semi-submersible drilling rig Transocean Winner to a total water depth of 2.55 km. The rig will now be moved to the
PL409 licence in the North Sea to drill the Norall prospect.
An extensive data acquisition programme including detailed logs, cores and oil samples have been acquired over all the reservoirs. Based on the quality of the data acquired testing was deemed not to be necessary, the Swedish company said.
The well has been plugged and abandoned.
The other partners in PL338 are Wintershall Norge ASA, part of German group BASF SE (FSE: BAS), with 30% and RWE Dea Norge AS, a unit of of German utility RWE AG (ETR: RWE) with 20%.
Source: Press release

The Block at Orange goes outlet.

The Block at Orange, which has been under new ownership for about three and a half years, will soon get a new name.

Simon Property Group, which also owns Brea Mall, Laguna Hills Mall, Westminster Mall and The Shops at Mission Viejo, bought The Block a few years ago. The Block is one of Orange County’s largest shopping centers at more than 700,000 square feet.

“This has been a center high on our radar since acquisition,” said Gregg Goodman, president of The Mills, a Simon subsidiary that owns The Block.

He likes that the center is less than four miles from Disneyland and wants to capitalize on its tourists. “We know how much tourists like the outlet experience,” he said. The Block has recently announced new outlet tenants such as Carter’s, Tommy Hilfiger Company Store, Original Penguin Company Store, Perry Ellis Company Store and Levi’s Outlet Store.

“We will rebrand the property,” Goodman added. ”We’re not prepared to announce that name yet, but rest assured it will have the word outlet in it. I’m not sure if ‘Block’ means anything.” The new name will also have Orange in it.

Also, this past June, the city approved a 105,000-square-foot expansion at The Block behind Hollister. About 35,000 square feet of that will be occupied by Nordstrom Rack, which is slated to open in spring 2012. Shoppers should expect several more outlet stores in the expanded area, Goodman said.

SOURCE: The Orange County Register posted by HANG NGUYEN, Retail Reporter

China’s order cancellations dive

According to statistics of China Association of the National Shipbuilding Industry (CANSI), the order cancellations of Chinese shipbuilding industry slumped greatly.
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Source: Asiasis

Dutch shipbuilder launches the first LIMITED EDITIONS AMELS 212 ahead of schedule

Emerging into the light is the first LIMITED EDITIONS AMELS 212, the largest yacht yet produced to the Dutch shipyard’s successful LIMITED EDITIONS formula.
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Source: BYM Product and Industry News

COSCO Dalian wins deals worth over US$110m to build 3 bulk carriers

COSCO Corporation (Singapore) Limited said on Wednesday that COSCO (Dalian) Shipyard Co Ltd has secured contracts valued over US$110 million to build three bulk carriers of 82,000 dwt each.
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Source: The Business Times

Drydocks World Marks National Day By Delivering Historic Drilling Rig After Repairs

Al Ittihad is Abu Dhabi-based National Drilling Company's first offshore rig and its successful restoration is another major achievement for Dubai's global shipyard
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Source: zaway

Greece agrees 15-year freeze on civilian shipyards to end EU case

Brussels - Greece has agreed to end the civilian activities of its main shipbuilding company for 15 years, in order to end a court case over illegal aid with the European Union, officials in Brussels confirmed Monday.
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Source: m&g

Research launched into titanium shipbuilding

The University of New Orleans (UNO) has been awarded a three-year $4.8 million grant from the Office of Naval Research to advance the science and technology of titanium shipbuilding.
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Source: Motroship