InterMoor, an Acteon company, has been awarded a contract for the installation of the drilling and production conductors for the Papa Terra project, that has Petrobras as Operator and Chevron as Non-Operator, announced InterMoor President Tom Fulton. InterMoor is going to be responsible for the desi
Santos announced in March 2010 that it had agreed to sell its 40% working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin to Magellan Petroleum Australia Limited. Santos today announced that the sale transaction will not complete because the conditions to completion have not been satisfied
Iran plans to invest $150 billion in its upstream oil and gas sector during the Fifth Five Year Development Plan, deputy minister of petroleum for planning and supervision on hydrocarbon resources, Mohsen Khojastemehr announced here. The investment in the upstream oil and gas sector will bring $179
Hyundai Heavy Industries, the world’s biggest shipbuilder, said today it clinched a USD 1.12 billion order to build two drillships for drilling contractor Rowan Companies Inc. on May 31. This contract also includes an option exercisable by Rowan to order an additional same class drillship. The vesse
InterMoor, an Acteon company, has been awarded a contract for the installation of the drilling and production conductors for the Papa Terra project, that has Petrobras as Operator and Chevron as Non-Operator, announced InterMoor President Tom Fulton. InterMoor is going to be responsible for the desi
Desire Petroleum plc the company wholly focussed on the North Falkland Basin provides the following update on its exploration activities. The Company’s 3D seismic acquisition programme is now complete and the full-fold area of coverage is approximately 1416 square kilometres in Tranches C, D, F and
The Port of Oakland’s -50 Foot Harbor Deepening Project is set to receive $18 million in operations and maintenance from the U.S. Army Corps of Engineers’ fiscal year 2011 work plan, funding that is vital to the Port’s competitiveness. Oakland Board of Port Commissioners President James Head express
Yesterday, the special tanker being built by Nordic Yards, manufacturer of technologically sophisticated and innovative special ships and maritime structures, for the Russian mining company Norilsk Nickel has left the dock in Wismar. The icebreaking Arctic Tanker “Nordic AT 19” was commissioned by N
Hyundai Heavy Industries, the world’s biggest shipbuilder, said today it clinched a USD 1.12 billion order to build two drillships for drilling contractor Rowan Companies Inc. on May 31. This contract also includes an option exercisable by Rowan to order an additional same class drillship. The vesse
Apache Corporation today announced the following promotions and appointments to its management team: * Jon Jeppesen has been promoted to the new role of executive vice president overseeing the operations of the Gulf of Mexico Shelf, Deepwater and Gulf Coast Onshore regions. * Jon Graham has been nam
SNC-Lavalin announce that it has been selected to perform the front end engineering and design (FEED) for Petróleos de Venezuela, S.A.’s (PDVSA) Rio Caribe-Mejillones gas-condensate development offshore Venezuela. This award follows SNC-Lavalin’s successful completion of the concept screening phase
Great Lakes Dredge & Dock Corporation announced today that its Board of Directors (“the Board”) has declared a quarterly cash dividend on its common stock. The Board approved increasing its annual dividend by $1 million resulting in an aggregate expected dividend of $5 million per year, the maximum
Tritech has been contracted to supply Ultra Electronics, the defence, security, transport and energy company, with a suite of sonar equipment over a twelve-month supply programme. With delivery of the first consignment completed, Tritech is the sole supplier of the integrated homing sonar mounted on
The new flexible dredging concept is the answer to increasing demand for raw materials while sand winning locations are located further from shore at increased dredging depths. The RoRo Deep Dredge, which can work up to -200 m dredging depth, has specifically been designed to meet this demand and to
