Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy, announces that further to announcements on April 4, 2011 and May 16, 2011, the Company has completed the transaction to acquire a 28.46% non-operated interest in the Cook oil field from Hess Limited. At completion of the transaction,
Last spring, a volcano erupted 425 kilometers (about 265 miles) off the Oregon coast and far below the surface, at Axial Seamount. No one was aware for months. Now, the National Science Foundation’s Ocean Observatories Initiative will survey the site and stream live video of the volcano. It’s the fi
As scheduled, on 25 August 2011, at 10:00 am, Steel cutting Ceremony for the Hull No. S048 -56,000 DWT Bulk Carrier- has been hosted at HVS fabrication shop. S048 is the third vessel in the series of the eight contracted with Geden (Turkey). Just like her 2 elder sisters, she is 182.5 meter in lengt
Transocean Services AS, a wholly owned subsidiary of Transocean Ltd., today, after receiving clearance by the Oslo Stock Exchange, launched its all cash voluntary offer for 100 percent of the shares of Aker Drilling ASA for NOK 26.50 per share. The Offer has been made on the same terms as the previo
Xiangyu Dredging Holdings Limited, the largest privately owned dredging company in China in terms of dredging volume in 2010, announced the unaudited interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2011(the “Reporting Period”). – Revenue of RMB461.6
Recently Hydrex Spain carried out a permanent insert repair on a 225-meter cargo vessel at anchorage in Algeciras… (marinelink) [mappress] Source: Marinelink, August 25, 2011;
Antrim Energy Inc. announced that Antrim, along with its current licence partners, has signed a farm-out agreement with TAQA Bratani Limited relating to UKCS Licence P201 Block 211/22a North West Area (Antrim 21%) whereby TAQA has agreed to drill an exploration well to earn an interest in the licenc
Last Friday, Shell divers closed the relief valve from which oil had been seeping. No oil has been released from the flowline, or release valve, since that point. Continuous monitoring is being carried out to ensure that no releases have occurred. A reconnaissance flight on Tuesday evening reported
TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it has entered into an equity line financing agreement in the amount of $10 million with Sovereign Holdings Inc., a comp
Westmark BV’s anti-piracy product, P-Trap®, has been shortlisted for the Lloyd’s List Awards, Global 2011. The ceremony, taking place September 20 in London, is considered the shipping industry’s most acclaimed, credible and well-supported event. Each year, the Lloyd’s List Awards, Global acknowledg
Electromagnetic Geoservices ASA announce that it has been awarded a contract worth USD 90 million by Petrobras to perform a range of electromagnetic (EM) surveys in frontier and mature basins offshore Brazil. Data acquisition will be performed using the vessel BOA Galatea and is expected to take app
Last Friday, Shell divers closed the relief valve from which oil had been seeping. No oil has been released from the flowline, or release valve, since that point. Continuous monitoring is being carried out to ensure that no releases have occurred. A reconnaissance flight on Tuesday evening reported
SMart Wind, the joint venture between Mainstream Renewable Power and Siemens Project Ventures, today announced the signing of Agreements for Lease (AFLs) with The Crown Estate for the first two offshore wind projects in the Hornsea zone. The agreements, which secure options for the rights to use, as
Gryphon field operator Maersk Oil has awarded TWMA a contract to handle and dispose of subsea structures and equipment damaged during the Gr… (engineerlive) [mappress] Source: engineerlive, August 25, 2011;
