The battle for Russian and Kazakhstan operator Imperial Energy looks like it is coming to a close with the company confirming an offer from India’s ONGC Videsh. Today Imperial said it is “finalising the terms of a possible recommended pre-conditional cash offer” with ONGC Videsh based on 1,250 pence
A Houston-headquartered geoscientific software company has opened new offices in Moscow following on from customer contacts with Russia’s Rosneft and Lukoil. SMT – Seismic Micro-Technology- which offers PC-based geoscientific interpretation, launched the new office on the back of selling its Kingdom
A former senior executive with Transocean who went on to co-found the Norwegian-based AGR group has been appointed as the new head of Sevan Drilling. Stein Giljarhus, who was senior vice president of operations for Transocean and who then co-founded AGR where he was executive chairman and chief exec
Providence Resources has finished drilling work on its Hook Head appraisal well offshore Ireland and says operations will start shortly on an appraisal of the Dunmore oil discovery. The Hook Head appraisal well (50/11-4) was drilled on the north-west flank of the Hook Head structure with the GSF Arc
After months of dispute between the White House and federal fisheries scientists, the Department of Commerce proposed on Monday to limit oceangoing ship speeds to 10 knots within 20 nautical miles of the Atlantic ports along migration routes of the endangered right whale.
PIRAEUS, GREECE–(MARKET WIRE)–Aug 25, 2008 — Omega Navigation Enterprises, Inc. (NasdaqGM:ONAV – News) (SGX: ONAV50), a provider of global marine transportation services focusing on product tankers, announced today its financial and operational results for the second quarter and six months ended Jun
Lawsuit by Metal Trades Department Against U.S. Coast Guard Rejected PHILADELPHIA–(BUSINESS WIRE)–In a decision filed today the U.S. District Court of the Eastern District of Pennsylvania has upheld the United States Coast Guard interpretation of the Jones Act as it relates to the modern building me
On October, 1 export oil tariff might drop to $482.9-487.3 per ton, says deputy director of the Customs Payment Department of the RF Ministry of Finance Alexandr Sakovich. Since August, 1 the export tariff for oil is $495.9 per ton.
On August, 23 a new container vessel built for FESCO was named “FESCO Vitim” at Stocznia Szczecinska Nowa (Poland). According to the press-service of FESCO, “FESCO Vitim” has passed trials. The technical details of “FESCO Vitim” are as follows: the deadweight is 22 750 tons, the capacity is 1 730 TE
StatoilHydro has been boasting about two of its latest drilling successes as the major Norwegian oil show and conference Offshore Northern Seas kicked off in Stavanger at the start of this week. Norway‘s biggest operator reported a find after drilling the Dagny prospect with the 15/5-7 well drilled
News – August 26, 2008 The Port of Rotterdam Authority has announced that it is to start construction work on Maasvlakte 2 at the beginning of September. This announcement was made by Hans Smits, Port of Rotterdam Authority CEO, on 19 August, during the presentation of the company’s half-yearly figu
On Sunday 24 August, one of the world’s most profiled platforms turned 15. Sleipner, also known as the carbon dioxide (CO2) platform, does not look its age.
The presence of a considerable oil column has been confirmed under the Dagny structure in the North Sea. Gas has been proven in the deep-water Snefrid South prospect near the Luva discovery in the Norwegian Sea. “Our exploration activity this year is very high, both on the NCS and internationally. T
Shell Canada Limited (“Shell Canada”), a wholly owned subsidiary of Royal Dutch Shell plc, announced today that as of 1:01 a.m. on August 22, 2008, 61,661,551 common shares of Duvernay Oil Corp (“Duvernay”) have been validly deposited to the offer by BRS Gas Corp., a wholly-owned subsidiary of Shell
