Nautilus Minerals advises that it is in dispute with the Independent State of Papua New Guinea (the State) as to the parties’ obligations to complete the Agreement entered into on 29 March 2011. Nautilus has initiated the dispute resolution process provided for in the Agreement, which may lead to a
Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS and the Bøyla partners have submitted the plan for development and operation (PDO) of the Bøyla field located on the Norwegian Continental Shelf to the Norwegian Ministry of Petroleum and Energy. The Bøyla de
Transpetro confirmed that it has suspended the execution of the Contracts for Purchase and Sale of 22 oil tankers ordered from the Atlântico Sul Shipyard (EAS) under the Company Fleet Modernization and Expansion Program (Promef). The contracts will remain suspended until August 30th 2012, in which t
Marathon Oil and its partners ConocoPhillips and Lundin Petroleum have submitted the plan for development and operation (PDO) of the Bøyla field located on the Norwegian Continental Shelf to the Norwegian Ministry of Petroleum and Energy. The Bøyla development is expected to begin production during
On 30 May 2012 two delegates from the Austrian Chamber of Commerce at the Austrian embassy in Brussels, Mr. Peter Fuchs and Mr. Henry Simon, visited Hydrex nv in Antwerp to present the company with the National Energy Globe Award for sustainability for 2012. Hydrex won the award for Belgium for its
New Western Marine Shipbuilders (NWMS), a sister concern of Western Marine Shipyard Ltd, today, June 3, 2012, signed an agreement with Chittagong Port Authority (CPA) for building a 60 ton BP Tugboat and another 1000DWT Water Supply Vessel. CPA chairman Rear Admiral Nizamuddin Ahmed and managing dir
TGS announces the release of Clari-Fi, a proprietary seismic data processing technique. TGS’ Clari-Fi technique allows broadband seismic to be generated from conventionally acquired seismic data. In order to achieve this, acquisition related frequency attenuation effects and the attenuation caused b
Research ship Yantar on May 31 left covered workshop of JSC Yantar Shipyard and was moved to open slipway, reports the shipyard’s press service. Although moving of the 2,000-ton hull took less than an hour, it needed thorough preparation. As a result, the hull was placed at a pre-launch position to
Statoil has awarded Aker Solutions early phase studies for all their recent major discoveries on the Norwegian Continental Shelf; the Skrugard and Havis fields in the Barents Sea and the Johan Sverdrup discovery in the North Sea. Contract values are undisclosed. The past year has been unique, with J
Leading international classification society Bureau Veritas has launched a web-based training programme to help companies in the shipping industry train their personnel for implementation of the Maritime Labour Convention. As the deadline for implementation of the Maritime Labour Convention (MLC) 20
Statoil has awarded Aker Solutions early phase studies for all their recent major discoveries on the Norwegian Continental Shelf; the Skrugard and Havis fields in the Barents Sea and the Johan Sverdrup discovery in the North Sea. Contract values are undisclosed. The past year has been unique, with J
SMOE Pte Ltd, a wholly-owned subsidiary of Sembcorp Marine, announced that its Indonesian subsidiary, PT SMOE Indonesia, in consortium with PT Rajawali Swiber Cakrawala, has secured a contract worth about US$175 million from Premier Oil Natuna Sea B.V. for the engineering and construction of 2 Wellh
Nautilus Minerals announced that there may be a delay in the finalisation of funding for the vessel to be used in connection with its Solwara 1 Project and a potential consequential delay to the program for the vessel build. In turn, this may result in a delay to the commencement of operations at So
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore industry, through its Indonesian joint venture company, PT Rajawali Swiber Cakrawala, has been awarded a contract amounting to approximately US$175 million by an oil major for offshore engine
