ОАО LUKOIL and a group of investors headed by UniCredit Bank have acquired 42.5 million ordinary shares in the form of ADR under the agreement with ConocoPhillips. By pursuing this transaction, the Company is implementing a program, approved by the Board of Directors, to raise shareholder returns by
Nexen Inc. announces that hook-up and commissioning of the fourth platform at Buzzard in the North Sea is progressing well and start-up activities are being advanced from early next year to take advantage of cost efficiencies. As a result, start-up of the new platform will commence in October and fo
Greenpeace activists who prevented a Chevron oil drilling ship from moving to a drill site this week agreed Friday to end their protest … By Brian Walker (CNN) [mappress] Source: CNN, September 27, 2010:
Engineers in Southwest Research Institute’s (SwRI) Mechanical Engineering Division have successfully tested a two-stage centrifugal compressor for offshore production. A test loop designed and built at SwRI was used to evaluate the compressor’s performance under wet gas conditions. The testing was c
Halliburton announced that it has acquired The Permedia Research Group: industry leading suppliers of petroleum systems modeling software and services. Permedia’s tools and expertise enable oil and gas companies to better assess exploration risk and manage the cost of developing deepwater, sub-salt
A consortium of three international dredging companies, recently penalised by the CCP with Rs 50 million each for alleged cartelisation to influence price of the dredging project at Port Qasim has challenged the Commission’s decision in a court of law.
Starting in mid-October, Port Canaveral will be home to another ship and an entirely new cruise line. The Norwegian Sun will sail from the port through April, providing longer cruises to the Caribbean, additional revenue for the port and a new concept in the industry: freestyle cruising.
ALEX Salmond has told bankers they have the chance of redemption for their part in the financial crisis – if they invest in renewable energy… (news.scotsman) [mappress] Source: news.scotsman, September 27, 2010;
State officials say they’ve narrowed the geographical area where a proposed 200-turbine wind farm could be built off the Maryland coastline… (delmarvanow) [mappress] Source: delmarvanow, September 27, 2010;
State officials say they’ve narrowed the geographical area where a proposed 200-turbine wind farm could be built off the Maryland coastline… (delmarvanow) [mappress] Source: delmarvanow, September 27, 2010;
Dredging will begin soon on a seven-mile stretch of the Houma Navigation Canal where silt has caused problems for area businesses that use… By Kathrine Schmidt (houmatoday) [mappress] Source: houmatoday, September 26, 2010;
Orion Marine Group, Inc., a leading heavy civil marine contractor serving the infrastructure sector, today announced Mike Pearson, Orion Marine Group’s President and Chief Executive Officer, will be presenting at the 9th Annual D.A. Davidson & Co. Engineering & Construction Conference on Tuesday, Se
Britain’s growing offshore wind energy industry has taken another stride forward as the Thanet Offshore wind farm came online. One hundred giant Vestas V90 turbines – each on pedestals 115 metres (380 ft) tall – were switched on which together capable of generating up to 300 Megawatts of power.
Winds battering Britain off the Kent coast are to be harnessed by the world’s biggest offshore wind farm which is now in operation. The Thanet wind farm, which cost £780m and will produce sufficient power for 200,000 homes (300 megawatts), brings the UK’s wind power capacity to over 5 gigawatts.
