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China: ConocoPhillips Releases Details on Established Bohai Bay Funds
Business & Finance

China: ConocoPhillips Releases Details on Established Bohai Bay Funds

ConocoPhillips provided further details about the compensation and environmental funds that have been established in response to two separate accidents in Bohai Bay, China. The funds, first announced in September, recognize the company’s responsibility for the accidents and demonstrate its commitmen

about 14 years ago
ConocoPhillips: Bohai Bay Fund will Compensate for Peng Lai Spill Damages (China)
Business & Finance

ConocoPhillips: Bohai Bay Fund will Compensate for Peng Lai Spill Damages (China)

ConocoPhillips today provided further details about the compensation and environmental funds that have been established in response to two separate accidents in Bohai Bay, China. The funds, first announced in September, recognize the company’s responsibility for the accidents and demonstrate its com

about 14 years ago
Norway: IKM Group Enters into Agreement to Acquire Cleandrill
Business & Finance

Norway: IKM Group Enters into Agreement to Acquire Cleandrill

IKM Group have entered into an agreement to acquire a majority shareholding in Cleandrill AS, which will be re-named IKM Cleandrill. Bergen based Cleandrill is a subsea technology business, specialising in collection, management and transfer of drilling fluids and cuttings. This acquisition forms pa

about 14 years ago
Norway: IKM Buys Majority Stake in Cleandrill
Business & Finance

Norway: IKM Buys Majority Stake in Cleandrill

IKM Group have entered into an agreement to acquire a majority shareholding in Cleandrill AS, which will be re-named IKM Cleandrill. Bergen based Cleandrill is a subsea technology business, specialising in collection, management and transfer of drilling fluids and cuttings. This acquisition forms pa

about 14 years ago
UK: OSIL Offer Scour Monitor and Data Review Package for Wind Farms
Business & Finance

UK: OSIL Offer Scour Monitor and Data Review Package for Wind Farms

OSIL offer a complete Scour Monitoring and Data Review Package for wind farms and other similar structures. Scour is a significant concern for owners and operators of offshore structures, as erosion of the sediment in the vicinity of a structure can lead to a lowering of the seabed directly surround

about 14 years ago
Foster Wheeler Signs Forties Pipeline System Contract
Business & Finance

Foster Wheeler Signs Forties Pipeline System Contract

Swiss-based Foster Wheeler AG has been awarded an engineering, procurement and construction management contract by BP Exploration Operating Company Limited for BP Exploration’s Enhanced Gas Separation Project (EGSP) in Scotland. The Foster Wheeler contract value for the project was not disclosed. In

about 14 years ago
NTT Com Joins Other Companies in Asia Pacific Gateway Project
Business & Finance

NTT Com Joins Other Companies in Asia Pacific Gateway Project

NTT Communications Corporation (NTT Com) announced that it joined numerous other telecommunications carriers in Asia in signing a contract for the construction and maintenance of the Asia Pacific Gateway (APG), an undersea cable network that is scheduled to launch by June 2014 with a total design ca

about 14 years ago
Australia: Nexus’ Crux FID in 1Q 2012
Business & Finance

Australia: Nexus’ Crux FID in 1Q 2012

As presented at Nexus Energy Limited’s (Nexus) Annual General Meeting (AGM) on 17 November 2011, the commercialisation of the Crux asset to maximise shareholder value remains the company’s prime focus, said Nexus in a press release. Since the AGM, there has been substantial progress on the various c

about 14 years ago
USA: Cascade, Chinook Production Scheduled for January, Petrobras Says
Business & Finance

USA: Cascade, Chinook Production Scheduled for January, Petrobras Says

Petrobras International Director, Jorge Luiz Zelada, on Tuesday (20th), at the Petrobras main office in Rio de Janeiro that production of Cascade and Chinook, in the Gulf of Mexico is scheduled to begin in January. The Cascade and Chinook fields are located in the Walker Ridge area of the Gulf of Me

about 14 years ago
Nigeria: Shell Responds to Oil Leak in Bonga Field
Business & Finance

Nigeria: Shell Responds to Oil Leak in Bonga Field

Shell Nigeria Exploration and Production Company (SNEPCo) can confirm it is responding to an oil leak at the 200,000 barrel-per-day capacity Bonga deepwater facility, approximately 120 kilometres off the Nigeria coast. The leak occurred yesterday (Tuesday December 20) during a routine operation to t

about 14 years ago
Australia: MUA Welcomes Decision to Replace Lowlands Prosperity
Business & Finance

Australia: MUA Welcomes Decision to Replace Lowlands Prosperity

The MUA has welcomed the decision by BHP Billiton to charter the Lowlands Brilliance as the replacement for the Lowlands Prosperity. The crew was informed today via an email from Teekay Shipping (Australia) Managing Director David Parmeter to the Master of the vessel. “I am pleased to advise that we

about 14 years ago
Unique Maritime Group Opens New Premises in Russia
Business & Finance

Unique Maritime Group Opens New Premises in Russia

Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, announces the official launch of its office in St. Petersburg, Russia. The establishment of the facilities comes as part of a planned international expansion strategy, as the company is looki

about 14 years ago
UK: First Certification Audit for Northern Marine Management
Business & Finance

UK: First Certification Audit for Northern Marine Management

Leading international classification society Bureau Veritas​ has completed the first certification audit of any shipping company in the world to the new standard ISO 50001- 2011 – Energy Management Systems. Stena’s ship management division, Northern Marine Management Ltd including Northern Marine Ma

about 14 years ago
Sri Lanka: Colombo Port Welcomes Containership APL Chongqing
Business & Finance

Sri Lanka: Colombo Port Welcomes Containership APL Chongqing

In a further boost to its profile, Colombo Port’s Jaya Container Terminal welcomed the biggest-ever ship, the newly-christened APL Chongqing of American President Lines, the container shipping arm of Singapore’s Neptune Orient Lines Group. The APL Chongqing capable of carrying 10,000-Twentyfoot Equi

about 14 years ago
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