In accounts for the 4th quarter 2010 Farstad Shipping will be booking a loss on accounts receivable of approx NOK 46 million related to freight income earned by one of its’ vessels which this autumn was contracted by the UK company Subocean Group. Subocean Group went into administration last week Fr
Global wind power installations increased by 35.8 GW in 2010, according to figures released by the Global Wind Energy Council today. This brings total installed wind energy capacity up to 194.4 GW, a 22.5% increase on the 158.7 GW installed at the end of 2009. The new capacity added in 2010 represen
Global wind power installations increased by 35.8 GW in 2010, according to figures released by the Global Wind Energy Council today. This brings total installed wind energy capacity up to 194.4 GW, a 22.5% increase on the 158.7 GW installed at the end of 2009. The new capacity added in 2010 represen
Vattenfall today signed a cooperation agreement with four North European energy companies to plan and build an electrical interconnector between the U.K. and Norway. Vattenfall and its partners, Agder Energi, E-CO, Lyse, Scottish and Southern Energy, agreed to establish NorthConnect, a jointly owned
GE announced the successful closing of its $3 billion acquisition of Dresser, Inc., a global energy infrastructure technology and service provider, from funds managed by Riverstone Holdings LLC and First Reserve Corporation, Dresser management and its other stockholders. The move significantly expan
One year down and the Chevron-operated $43 billion Gorgon LNG project is taking shape on Barrow Island thanks to local and international con… (perthnow) [mappress] Source: perthnow, February 2, 2011;
Fugro GEOS has secured two large metocean (meteorological and oceanographic) measurement studies for Statoil in the Norwegian and North Seas. These highlight the importance of accurate metocean data at the design stage of development of offshore fields, and for life extension of existing fields. The
Finnish oil and gas companies intend to get a stake in the Yamal LNG project… (barentsobserver) [mappress] Source: barentsobserver, February 2, 2011;
Magellan Petroleum Australia Ltd (“MPAL”), a wholly-owned subsidiary of Magellan Petroleum Corporation (“Magellan”, “Company”), and Santos Offshore Pty Ltd (“Santos”) have agreed to extend the closing date for the sale of Santos’ 40% stake in the Evans Shoal gas field located offshore Northern Terri
The Port of Salalah is implementing a massive expansion of its container and general cargo terminals with an envisaged capital expenditure… (zawya) [mappress] Source: zawya, February 2, 2011;
Chevron Corporation today filed a civil lawsuit under the Racketeer Influenced and Corrupt Organizations Act (RICO) as well as other federal and state laws against the trial lawyers and consultants leading a fraudulent litigation and PR campaign against the company. Through the lawsuit, Chevron seek
Otto Marine Limited, (“Otto Marine” or the “Group”), a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, announces that its wholly-owned subsidiary, Otto Ventures Pte Ltd (“OVPL”), has signed a de
Eastern Star Gas Limited announced its monthly drilling update on its coal seam gas drilling operations in PEL 238 around the township of Narrabri, in Northern New South Wales Australia. Culgoora 2 Corehole Objective: The Culgoora 2 corehole is located approximately 22 km west from the township of N
The City Council has decided to use $65,000 for a regional project that would replenish sand on county beaches. The San Diego Association of… BY NATHAN SCHARN (signonsandiego) [mappress] Source: signonsandiego, February 2, 2011;
