Nautilus Minerals Inc. announces that the Independent State of Papua New Guinea has issued a Notice of Arbitration in relation to the dispute which has arisen under the Agreement between the parties dated 29 March 2011. Following the initiation of the dispute resolution process by the Company on Jun
Qatar Shipping SPC, a wholly owned subsidiary of Milaha ( Qatar Navigation QSC), has secured a ten year US $110 million (equivalent to QAR 400 million) ship financing facility with QNB Group. Proceeds from the facility will be utilized by Qatar Shipping to fund the ongoing construction of 19 harbor
Cue Energy Resources Limited provides the following update on the Banambu Deep-1 exploration well in permit WA-389-P offshore Carnarvon Basin, Western Australia. Progress The operator has advised that the current operation at 06:00hrs 20 June 2012 is pulling out of hole with the drilling assembly. S
Worley Parsons has announced the intent to award the contract for supply of the Living Quarters for ExxonMobil`s Hebron Field offshore New Foundland, Canada, to the Apply Leirvik/ GJCahill Group Partnership. The contract includes delivery of a 7 floor Living Quarters Module with an area of 5300 m2 a
Alexey Miller, Chairman of the Gazprom Management Committee visited the Portovaya compressor station – the key operational element of the Nord Stream gas pipeline. He heard the report on completion of testing at the first string of the gas pipeline. Performed in compliance with the industrial standa
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/2-13, cf. Section 8 of the Resource Management Regulations. Well 16/2-13 will be drilled from the Transocean Arctic drilling facility at position 58°49’59.50’’N 02°39’12.25’’E for Lundin Norway AS in produ
Malaysia-based international offshore oil field services provider, Bumi Armada Berhad (“Bumi Armada”), announced today its newbuild programme, ’Steel on Water 2’ with the issuance of a Letter of Intent (“LOI”) for four Multi-Purpose Platform Support Vessels (“MPSV”), with an option to build four add
Malaysia—based international offshore oil field services provider, Bumi Armada, announced today its newbuild programme, ’Steel on Water 2’ with the issuance of a Letter of Intent (“LO|”) for four Multi—Purpose Platform Support Vessels (“MPSV”), with an option to build four additional units. This new
Recently, South Korean based Dae Sun Shipbuilding & Engineering Co successfully held naming and delivery ceremony of 34,000 DWT Bulk Carrier IONIC HUNTRESS. M.V.IONIC HUNTRESS comes as the second vessel that Dae Sun Shipbuilding & Engineering has constructed for Hellespont Steamship Corporation. The
In the early hours of 16 June, the Norwegian Petroleum Directorate began acquiring two-dimensional (2D) seismic data in the northeast part of the Barents Sea. In all, approximately 14,300 kilometres (40 lines) of seismic data will be acquired in this area. The work will be carried out by the vessel
Chevron Corporation announced that its wholly owned subsidiary Chevron Global Energy Inc. (Chevron) will be assigned a 50 percent working interest in Blocks 42 and 45 offshore Suriname through an agreement with Kosmos Energy. Under the agreement, Kosmos will have a 50 percent working interest and re
The last foundation for Lincs Offshore Wind Farm off the east coast of England is now in place. MT Højgaard is EPCI contractor for the giant foundations. All 75 offshore wind turbine foundations for the 270 MW Lincs Wind Farm off the east coast of England is now in place. MT Højgaard has designed, p
On Thursday June 14th, LEEVAC Shipyards, LLC held a dedication and Christening of its two drydocks at it’s Lake Charles location. Leevac Shipyards launched its two drydocks earlier in May. They will support construction and repair activities at the company’s 180-acre site here on the west bank of th
The Board of Directors of COSCO Corporation (Singapore) Limited announced that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries: 1. COSCO (Zhoushan) Shipyard Co., Ltd has delivered a bulk carrier of 57000 DWT, “FEDERICA”, to its European buyer.
