Offshore drilling ban update.

Offshore drilling ban and moratorium stays put despite new rules that were put in place by the interior department to make offshore drilling safer. With the new rules comes a more aggressive regulatory stance and so far no indication has been made over when the ban will be lifted.

DJ reported that the Iraqi cabinet approved USD 733 million deals for Leighton Offshore Private Limited to build a new oil export terminal in the southern city of Basra. Mr Ali Al Dabbagh spokesman for the Iraqi government said that the capacity of the new terminal will be 1.8 million barrels a day.

Stanford Marine GCC and its Singapore subsidiary Stanford Asia have successfully been awarded a contract by a GCC based major LNG Company for their new DP2 Platform Supply Vessels MMPL Kestrel and MMPL Merlin. These PSVs are to support the existing ongoing offshore operations of the LNG Company starting summer 2010.

Jude    Maritime News, News     BP oil spill, DP2 Platform Supply Vessel, Exxon Valdez tragedy, fixed offshore installations, Leighton Offshore, LNG Company, MMPL Kestrel, MMPL Merlin, offshore drilling, offshore support vessels, Platform Supply Vessels, Stanford Asia, Stanford Marine

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