Monthly Archives: December 2011

Top 5 Rigzone Articles of 2011

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Consider this the Grammys for Rigzone (minus the red carpet, celebrities, movies, etc.). A special thanks goes out to our dedicated Rigzone readers for making this a wonderful year for the Rigzone team.

So without much ado, click through the slideshow below to view

Rigzone’s top five most-read articles of 2011.

HAPPY NEW YEAR 2012!

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Subsea World News team wishes all our readers and their loved ones a happy and prosperous New Year!

HAPPY NEW YEAR 2012!

HAPPY NEW YEAR 2012!

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Offshore Energy Today team wishes all our readers and their loved ones a joyous holiday and a happy and prosperous New Year!

HAPPY NEW YEAR 2012!

Happy New Year 2012!

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LNG World News team wishes all our readers and their families a very happy and successful New Year!

The Oil and the Glory: Year of the Pipeline

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Year of the pipeline: Time magazine’s Person of the Year is the protester, and that is probably valid, but we think that the editors missed an important also-ran — the pipeline. Few care to stop and notice the elegance in unsung lengths of steel cylinders stirring fierce passions such as nationalism, greed and tear-inducing anger. We are talking the 24- and 36-inch steel cylinders that carry oil and gas across continents, under bodies of water and over mountains to the 7 billion people of the Earth. Who for instance considered nominating the Keystone Pipeline as political instrument of the year for how it threatened to shut down the whole of the U.S. government, and may yet in the coming couple of months? Then there is Nabucco, a proposed natural gas line that has much of Europe, Russia along with the U.S. tied up in sanctimonious knots over who will exercise geopolitical and economic leverage in Europe. This week Russia notched up the temperature by securing crucial support from Turkey for its repost to Nabucco, a pipeline that it calls South Stream. That battle also will carry over into the new year. And who can forget the proposed trans-Afghanistan gas pipeline, known by the acronym TAPI? A powerful and high-kicking chorus is backing TAPI, led by Secretary of State Hillary Clinton and CIA director David Petraeus, who embraced the line when he was running the ground game as a general in Afghanistan. Observers, including this blog, have cast doubt on TAPI’s feasibility given Afghanistan’s chaos. Yet we celebrate it as a worthy addition to this improbable pantheon — inanimate objects that somehow transmogrify into organic, breathing beings capable of arousing high-stakes emotion in humans.

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HAPPY NEW YEAR 2012 !!!

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USA: SAC Capital Buys 5.7 Percent Stake in Cheniere

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SAC Capital Advisors, a hedge fund run by US investor Steven Cohen, purchased a 5.7 percent stake  in Cheniere Energy, according to a filing with SEC.

Cheniere is a Houston-based energy company primarily engaged in LNG related businesses, and owns and operates the Sabine Pass LNG terminal and Creole Trail pipeline in Louisiana.

The company has initiated a project to add liquefaction services that would transform the Sabine Pass LNG terminal into a bi-directional facility capable of exporting LNG.

Cheniere recently also announced that it is developing a LNG export terminal at one of the company’s existing sites that was previously permitted for a regasification terminal, located in Corpus Christi, Texas.

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USA: Eastern Shipbuilding Hands Over OSV HARVEY SUPPORTER

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Eastern Shipbuilding Group has delivered the HARVEY SUPPORTER, the first of three (3) 292 ft. Tiger Shark Class Offshore Support Vessels for Harvey Gulf International Marine, LLC.

The HARVEY SUPPORTER is an STX Marine design featuring a DP II SOLAS-classed AC diesel-electric, twin Z-drive Offshore Support Vessel measuring 292’ X 64’ X 24’-6”. Power and propulsion systems, controls, automation, etc. are provided by the system integrator, Converteam, Inc. This high-tech vessel features four Cummins QSK60-DM 16-cylinder turbo-charged Tier II diesel generator engines that are rated 1825 Kw at 1,800 rpm. Main propulsion is provided by two Schottel SRP 2020 FP Z-drives with nozzles rated at 2,500 Kw at 1,025 rpm each for a total of 6,704 hp. Schottel also provided two STT 4 fixed pitch tunnel thrusters rated at 1,180 Kw at 1,170 rpm each with direct coupled electric motors. The vessel is capable of top speeds in access of 12 knots.

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