Rialto has received formal confirmation from the government of Côte d’Ivoire that Rialto has been granted an Exclusive Exploitation Area (“EEA”) over the Gazelle Field on Block CI-202. The EEA grants Rialto with the right to produce hydrocarbons from Gazelle over a tenure period of 25 years. The Gaz
This weekend, the German trade hub opened the gateway to India at Hamburg’s Port Anniversary, the world’s largest port festival. Once again, both countries displayed their close relationship as India presented itself to more than 1.5 million visitors at the INDIA FESTIVAL. Launch of “Days of India i
Songa Offshore, a Cyprus-based international offshore drilling company operating a fleet of 6 semi-submersible rigs with an additional 4 on order, has provided its fleet status update for April 2012: Songa Venus achieved an operating efficiency of 100% during the month. The rig continues to operate
Simek shipyard on May 12th 2012 successfully launched the Platform Supply Vessel (NB 126) of UT 755 LC design. Day after the vessel was launched the remaining superstructure, Block 5, was assembled to Yard no. 126 by a floating crane. NB 126 is the 13th vessel of UT 755 design that Simek yard has bu
West Africa Cable System (WACS) has been officially launched in Cape Town on Friday. The submarine cable which links Southern and Western Africa to Europe will increase South Africa’s broadband capacity by more than 500 Gigabits per second (Gbps), reports African Business Review. WACS cable stretche
Yesterday, the self-propelled cutter suction dredger ‘Ambiorix’ was named in the port of Rotterdam by Mrs. Marie-Claire van Haaren-Donnet, spouse of the late Paul van Haaren, managing director of Ackermans & van Haaren until 1981. The Ambiorix is one of the most powerful and advanced cutter suction
As part of continual company growth and development, Coastline Surveys Ltd has placed an order for the purchase of a DATEM 5000 CPT system. The DATEM 5000 unit is a coiled rod design offering the latest technology and increased push capability compared to similar CPT designs available. The unit is c
Australia’s independent oil and gas exploration and production company Tap Oil on Friday announced that the Ministry of Energy, Ghana granted a one year extension of the Initial Exploration Period under the Petroleum Agreement in respect of the Offshore Accra Contract Area. Under the extension, the
Bond Offshore Helicopters Ltd yesterday said it would continue the suspension of all EC225 helicopter flights. Bond, the provider of offshore helicopter transportation services between Aberdeen, Scotland and several North Sea oil platforms, cancelled all EC225 flights following the “controlled desce
Research house Edison says that SeaEnergy should see the gap between its market price and the value of its assets close, the ProactiveInvestors reports. Edison analyst Graeme Moyse said that there is a significant gap between the market price of SeaEnergy and the value of its cash balance, and also
Nautical Petroleum plc announces that the Carnaby exploration well 28/9-5 in Central North Sea Block 28/9 was spudded at 05:45 hours on Friday 11 May 2012. The well is being drilled using the Sedco 711 semi-submersible rig and is being managed by Applied Drilling Technology International (ADTI). The
Leading oil and gas industry body, the Intervention & Coiled Tubing Association (ICoTA) European Chapter is set to host industry experts at a one-day seminar of technical presentations in Stavanger later this month. Among the 12 presentations, Expro will discuss its AX-S system, a unique remotely-op
The Board of Directors of DONG Energy has today approved the interim financial report for the first quarter of 2012 with the following outlook and financial highlights compared with the first quarter of 2011: — EBITDA was DKK 3.6 billion in the first quarter of 2012 compared with DKK 4.8 billion in
The Board of Directors of DONG Energy has today approved the interim financial report for the first quarter of 2012 with the following outlook and financial highlights compared with the first quarter of 2011: — EBITDA was DKK 3.6 billion in the first quarter of 2012 compared with DKK 4.8 billion in
