Victoria’s Independent Monitor will meet with the Port of Melbourne Corporation today to discuss the first breach of environmental standards during the channel deepening project. The Port has admitted it did not sufficiently clear dredging material from 9,000 square metres of the most sensitive area
StatoilHydro ASA (OSE: STL, NYSE:STO) second quarter 2008 result was influenced by high production and high prices. Net income in the second quarter of 2008 amounted to NOK 18.9 billion, up 36% compared to NOK 13.9 billion in the second quarter of 2007. Net income in the first half of 2008 amounted
Today, 1 August, the first oil flowed from the Vilje field to the Alvheim floating production, storage and offloading vessel (FPSO). The well stream from Vilje is piped to the Alvheim FPSO, which is operated by Marathon. The Vilje field is located in the northern part of the North Sea, north of the
The arrival of Olympic sailing teams reached its peak this week as sailors from 42 countries and regions had checked in to Qingdao Olympic sailing center on Monday – just ten days before the opening of the Beijing Olympics. According to Qingdao Olympic Sailing Committee, at least 295 sailors had arr
Hannah Mills and Katrina Hughes held their nerve in style to sail to 2008 Women’s 470 Junior World Championship gold in Poland yesterday (Tuesday 29 July). With an eight-point advantage over their nearest rivals Tara Pacheco and Berta Betanzos (SPA) going into the double points medal race at Gdynia,
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
Ithaca Energy looks set to raised $75 m to help finance its purchase of the Beatrice oil field from Talisman Energy and the Stella licence acquisition in the UK North Sea. Ithaca said its new equity financing will be based on the issue of 50 million new common shares priced at US $1.50 per share [&h
Updating progress on UK North Sea appraisal drilling plans Elixir Petroleum has indicated its intention to drill a new well on the Northern North Sea Mulle prospect which could contain between 4 and 36 m bbl of oil. Mulle, in block 211/22b, is close to the Causeway field already under-going developm
Efforts are still being made to secure another company willing to share the cost of drilling a new well on the UK Northern North Sea Leopard prospect with prospect partners hoping drilling can start before the end of the year Operated by Elixir Petroleum, Leopard lies in UK block 211/18b in licence
Keppel Shipyard’s excellent track record sees it secure contracts amounting to $110 million for the upgrading, modification and conversion of three vessels from as many customers. The first contract is from Bumi Armada Berhad, for the upgrading and conversion of a tanker into a floating production s
Oslo, 29 July 2008: Aker Yards and FLC West have completed the previously announced transaction in which FLC West comes in as a 70 percent shareholder in three shipyards in Germany and Ukraine. The agreement has been approved by all relevant regulatory authorities. The transaction strengthens Aker Y
Angola’s state owned oil company, Sonangol, has given the go-ahead for the development of a series of deepwater oil discoveries in Block 31, offshore Angola. StatoilHydro has a 13.33 percent stake in the licence, for which BP is operator. “The Block 31 developments programme is based on a standardis
31/07/2008 At 07.00 BST (08.00 CEST and 02.00 EDT) on Thursday July 31, 2008 Royal Dutch Shell plc released its second quarter results and second quarter interim dividend announcement for 2008.
Release date: 29 July 2008 Download the full version of our second quarter results using the link below. Second quarter 2008 results (SEA) (pdf, 183KB) A webcast presentation was hosted by Tony Hayward, Chief Executive Officer, and Byron Grote, Chief Financial Officer. The presentation discussed BP’
