Alexey Miller, Chairman of the Gazprom Management Committee adopted the Russian Regions Gasification Program for 2011. In compliance with the signed document Gazprom will allocate RUB 25 billion for gasification of 65 Russian regions next year. As in the previous years, when determining the investme
InterOil Corporation announced an acquisition of indirect participation interests held by investors under the Amended and Restated Indirect Participation Interest Agreement dated February 2005. The interests acquired total 1.05% participation in the Elk and Antelope fields in Papua New Guinea and in
Petrohawk Energy Corporation announced that it has completed the sale of its natural gas assets in the Fayetteville Shale, located primarily in Cleburne and Van Buren Counties, Arkansas, to XTO Energy Inc., a subsidiary of ExxonMobil, for $575 million. The sale has an effective date of October 1, 20
MEED reported that state run Abu Dhabi Marine Operating Company has invited international engineering & construction firms to express interest in the development of the offshore Satah al-Razboot field. Contractors were sent letters by Adma-Opco on 12 December, according to a source close to the proj
Isle of Man based Seafox Group announced that they have officially entered into a joint-venture and construction agreement with Keppel FELS in Singapore for the Seafox 5 with delivery scheduled for mid 2012. The Seafox 5 is specifically designed to meet all the requirements in both the Offshore Wind
Determined to nourish 10 miles of eroding Nags Head beaches but facing a potential funding shortage, town officials are preparing to … By Erin James (hamptonroads) [mappress] Source: hamptonroads, December 26, 2010;
Ulster County officials believe they have a plan in place to avoid a repeat of the floods that have plagued Phoenicia’s Main Street in … By Michael Novinson (recordonline) [mappress] Source: recordonline, December 26, 2010;
Total SA (TOT) has agreed to transfer the management of two Angola marginal blocks to state oil company Sonangol, spokesmen for the two … [mappress] Source: WSJ, December 24, 2010;
Isle of Man based Seafox Group is pleased to announce that they have officially entered into a joint-venture and construction agreement with Keppel FELS in Singapore for the Seafox 5 with delivery scheduled for mid 2012. The Seafox 5 is specifically designed to meet all the requirements in both the
Portland shipbuilder Vigor Industrial LLC said Thursday that it is acquiring Seattle’s Todd Shipyards Corp. in a $130 million cash deal. Vigor will pay $22.27 a share under the agreement that will take Todd private. The combined company will have 1,800 employees, according to Alan Sprott, vice presi
The Chinese government is planning to better manage Chinese fishing vessels operating in disputed waters starting next year. A Chinese news wire service reported on Thursday that the government will boost its control over fishing vessels in order to protect their rights and fishing operations in wat
Australia’s mining giant Rio Tinto Ltd has won the approval from the Western Australian (WA) government for its multi-billion dollar iron ore expansion in the state’s Pilbara region, WA Premier Colin Barnett said on Thursday.
The U.S. Coast Guard issued two reports alleging that certain onboard firefighting systems failed to work on the Carnival Splendor after an engine-room fire disabled the ship during a November cruise.
Business leaders in the energy sector are facing a challenging year ahead which will be driven by emerging markets in Russia and India and continuing demand for new technology in the exploration and production sector.
