Det Norske Oljeselskap has completed a deal with Lundin to take a 70% stake in production licence 103B off Norway, giving it a 7% slice of the producing Jotun oil and gas field. Lundin agreed a deal in March to sell the 7% interest to Det norske oljeselskap for US $14m. The Jotun field started [&hel
Venture Production has picked the Acteon companies, Claxton Engineering, 2H Offshore (2H) and Subsea Riser Products (SRP) to provide an ultra-high-pressure riser for a North Sea drilling campaign. The riser will be used during a high-pressure, high-temperature (HP/HT) drilling campaign planned by Ve
New Publications – August 5, 2008 The Institution of Civil Engineers (ICE) in the UK and Thomas Telford have announce that ICE Proceedings: Maritime Engineering is currently inviting submissions from the international dredging community. Maritime Engineering is a unique forum which aims to encourage
Sen. Frank Lautenberg is against it. His GOP rival, Dick Zimmer, isn’t as adamant. By Cynthia Burton Inquirer Staff Writer The same energy issue splitting Democrats and Republicans in Washington – whether to lift the offshore oil-drilling ban – is dividing candidates in New Jersey’s hottest federal
HAMILTON, BERMUDA–(MARKET WIRE)–Aug 1, 2008 — Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (TOO – News), has declared a cash distribution of $0.40 per unit for the quarter ended June 30, 2008. The cash distribution is payable on August 14, 2008 to all unitholders of r
DALLAS, Aug. 1 /PRNewswire-FirstCall/ — CompX International Inc. (NYSE: CIX – News) announced today sales of $43.7 million for the second quarter of 2008 compared to $45.2 million in the same period of 2007. Operating income was $4.5 million in the second quarter of 2008 compared to $4.6 million in
British sailing legend Mike Golding and record-breaking yachtswoman Dee Caffari start two-boat testing in a bid to challenge the French dominance of solo ocean racing Two of Britain’s most famous solo skippers, Mike Golding and Dee Caffari, move into the next stage of their ground breaking technical
Total saw second quarter adjusted net income boosted by 29% to hit €3.7 Bn (US $5.8 Bn) and for the half year the figure reached €7 Bn ($10.7 Bn). All Total’s results information appears to be positive with upstream production up 1.3% to hit 2.353 m boe/d and first production achieved from the Moho
UK and Middle-east based engineering and facilities group Petrofac has landed a deal to develop a fifth gas train in Egypt for Khalda Petroleum under an engineering and procurement services deal which is expected to become a lump-sum EPC contract. Petrofac has been selected to develop the fifth trai
Portland Gas has obtained a green light from the UK government to construct a new pipeline to carry gas to and from its planned offshore storage site on Isle of Portland on the UK south coast. The new 37 km (23 mile) line will connect the planned underground salt cavern storage facility on the Isle
Following their return from the Clipper 07-08 Round the World Yacht Race, the ten Clipper 68s are about to race each other once more, this time at Skandia Cowes Week. The boats slipped their moorings on Friday from Royal Clarence Marina, Gosport, where the fleet is based outside of the Clipper Race,
Company News – August 1, 2008 Mass-flow excavation (MFE) specialist Rotech Subsea has appointed Sales Executive Brian Schacht to concentrate on new and expanding markets throughout the Gulf of Mexico and Latin America. The company, which operates a unique and patented range of ‘T’ tools, has mainly
Contracts & Tenders – August 4, 2008 Kandla, India-based Jaisu Shipping has won a combined contract for maintenance dredging and capital dredging at Kochi Port in Kerala. The work involves deepening of the outer and inner channels leading to the Rajiv Gandhi Container Terminal to a draft of 12.5m, a
VANCOUVER, Wash. — Lower Columbia River ports plan to create 128 acres of wetlands on Cottonwood Island to compensate for ecological damage caused by dredging. The plan was announced Wednesday by six ports in Washington and Oregon and the Corps of Engineers. The wetlands will mitigate damage from th
