Further to the Company’s announcement of 29 November 2010, Karoon Gas Australia Limited and its related entities have executed final and binding documentation with its joint venture partner, ConocoPhillips (Browse Basin) Pty Ltd (“ConocoPhillips”) and its related entities, to acquire an additional 5
Idemitsu Petroleum Norge, operator of production licence 377 S, has completed the drilling of wildcat well 35/7-1 ST2. The well was drilled about seven kilometres west of the Vega field in the North Sea. The primary exploration target for the well was to prove hydrocarbons in Middle Jurassic reservo
Rensen-Driessen Shipbuilding B.V. receives a new building order for four lubricant oil tankers. 2x 600MT and 2x 1200MT. The tankers will operate in Port of Rotterdam.The company didn’t want to disclose any additional information about the buyer at this moment. Rensen-Driessen Shipbuilding BV is an e
With Lake Erie in the background, a wind turbine that provides energy for the neighboring Great Lakes Science Center, is seen outside Cleveland Browns Stadium in Cleveland. In one of last official acts as governor today, Ohio Gov. Ted Strickland signed an iron-clad lease option giving the Lake Erie
The 50 MW tidal power project, proposed to come up in Gulf of Kutch, seems to have run into an unexpected barrier. The project’s developer, Singapore-based Atlantis Resources Corporation, wants the state government to hold stake in the ambitious project, the first of its kind in the country. The gov
The 50 MW tidal power project, proposed to come up in Gulf of Kutch, seems to have run into an unexpected barrier. The project’s developer, Singapore-based Atlantis Resources Corporation, wants the state government to hold stake in the ambitious project, the first of its kind in the country. The gov
BP today said that it expects future cash flows generated by its worldwide operations to grow faster than output. This growth is expected in both its upstream and downstream businesses as the company delivers its strategic priorities, increases its investment in future growth opportunities and portf
Joint integrity specialist Hydratight has announced new appointments to its Morgrip connector team. Morgrip is the unique weldless topside and subsea pipeline connector developed by Hydratight and in use around the world. New to the development and sales team are: Sales and projects coordinator Alok
Sartor Offshore reports that Statoil has extended the contract of Ocean Troll until November 2012, with two yearly options. Ocean Troll is a multipurpose anchorhandling, tug, supply vessel. In addition to normal AHTS capabilities, the vessel is capable of providing contingency services such as; stan
On Friday 23rd July 2011, Dolphin Geophysical welcomed the State Minister of Senegal, Minister of International Cooperation, Air Transportation, Infrastructure and Energy, His Excellency Karim Wade on-board the Artemis Atlantic, along with 60 other journalists and society (Petrosen) members. The inv
BG Group announced that its revenue and other operating income in 2Q increased by 26% to $5 115 million, reflecting the benefit of higher commodity prices and a 3% increase in E&P production, with solid operational performance across the Group’s assets. As a result of the above and a lower explorati
Goldenport Holdings took delivery of the new-build geared container vessel with 2,500 TEU capacity from Yangzijiang Shipbuilding on July 25, 2011. The vessel was named ‘Erato’ and commenced its agreed one year time charter immediately following delivery, at a daily rate of US$15,250. The charterer h
Individual crane productivity has increased by 25% in the past 12 months at the Apapa Container Terminal, with overall berth productivity rising by 50% during the same period even as port container volumes have surged by 26%. With the recent completion of dredging of all 4 berths to 13.5 meters, APM
TGS has commenced the acquisition of an extension of its multi-client 3D seismic data in the Hoop Fault Complex area of the Barents Sea. This extension is to the west of the previously announced industry funded Hoop Fault Complex survey and will add 3,391 km2 to the existing data in the area. Upon c
