Total today announces the signature of an agreement with Yam’s Petroleum to acquire a 60% interest in the CI-100 license. Through this agreement, Total becomes the project operator. Yam’s Petroleum retains a 25% interest and Côte d’Ivoire’s national oil company Petroci holds the remaining 15%. The t
Baumer has expanded its portfolio of sensors for wind power plants with the new series IFRR and IWRR inductive sensors. The sensors are… (instrumentation) [mappress] Source: instrumentation, October 22, 2010;
Baumer has expanded its portfolio of sensors for wind power plants with the new series IFRR and IWRR inductive sensors. The sensors are… (instrumentation) [mappress] Source: instrumentation, October 22, 2010;
The current joint venture partners (Sonangol and SBM Offshore) of Paenal Yard in Porto Amboim, Angola and Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea have signed an agreement in which DSME will acquire a 30% share in the Paenal Joint Venture. Effective shareholdings after the tran
SEACOR Holdings Inc. (NYSE: CKH) today announced its results for the third quarter of 2010. Net income attributable to SEACOR Holdings Inc. for the quarter ended September 30, 2010 was $149.9 million, or $7.14 per diluted share, on operating revenues of $979.8 million. For the nine months ended Sept
The plan for development and operation of the Valemon field in the North Sea has been submitted to the Ministry of Petroleum and Energy today with the goal of starting production in 2014. Calling for the installation of a new unstaffed platform, the PDO has been presented for official approval by op
The signing of these contracts will allow Eni to operate Block 1 and Block 2 with 100% participation interest and immediately perform all… [mappress] Source: Eni, October 22, 2010;
Milford Haven Port Authority announced today the appointment of Dick Moore as its new Marketing Director. Dick brings a wealth of experience in port development, sales and marketing. His skills will strengthen the senior management team at MHPA and provide a strong focus for the growth of the deep w
The United States Department of Agriculture today officialy announced that they have awarded the Port Authority of Guam $54.5 Million in … (pacificnewscenter) [mappress] Source: pacificnewscenter, October 22, 2010;
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 15/6-11 S, cf. Section 8 of the Resource Management Regulations. Wellbore 15/6-11 S will be drilled from the drilling facility Ocean Vanguard in position 58º 34’ 08.32” north 01º 42’ 10.54” east after
Mayor Bill Finch on Thursday announced that the city will be getting an $11 million U.S. Department of Transportation grant that city … By John Burgeson (ctpost) [mappress] Source: ctpost, October 22, 2010;
MEO Australia Limited is pleased to advise completion of the final step in acquiring an additional 5% interest in WA-360-P with the payment of US$5.5 million to Rankin Trend Pty Ltd (a wholly owned subsidiary of Moby Oil & Gas). The 5% participating interest is free carried through the drilling of A
The developers of Yamal fields will get zero-tax on gas exports, the federal government decided… (barentsobserver) [mappress] Source: barentsobserver, October 22, 2010;
Aker Solutions has agreed to transfer ownership in its subsidiary Aker Marine Contractors (AMC) to Singapore listed company Ezra Holdings Ltd (Ezra) in exchange for equity instruments in Ezra and cash. In addition, 50% of Aker Solutions’ ownership in the Aker Connector installation vessel will be tr
