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Business & Finance

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Equipment
UK: EnCore Oil Strikes Hydrocarbons at Burgman Side-track Well
Business & Finance

UK: EnCore Oil Strikes Hydrocarbons at Burgman Side-track Well

EnCore Oil plc announces that the Burgman side-track well 28/9-4z located on UKCS Central North Sea Block 28/9 has successfully encountered hydrocarbons in the targeted Lower Tay sandstone interval. The well was drilled directionally with a hole angle up to 64 degrees to a Total Depth of 5,237 feet

about 15 years ago
National Grid and NStar Pursue Renewable Energy With Different Deals (USA)
Business & Finance

National Grid and NStar Pursue Renewable Energy With Different Deals (USA)

State lawmakers gave every Massachusetts utility the same order in 2008: go buy more power from renewable energy sources. By Jay Lindsay (therepublic) [mappress] Source: therepublic, March 28, 2011

about 15 years ago
Reliance Industries Launches Bids for Two Blocks Offshore India
Business & Finance

Reliance Industries Launches Bids for Two Blocks Offshore India

Reliance Industries has bid for six oil and gas exploration blocks while Cairn India submitted offers for two out of the 34 on offer in … Source: NDTV Profit [mappress] Source:NDTV Profit, March 28, 2011;

about 15 years ago
UAE: Damaged Underwater Cable May Cause Slower Internet
Business & Finance

UAE: Damaged Underwater Cable May Cause Slower Internet

Damage to an underwater cable may affect internet users in the UAE, the telecommunication provider Du said in a statement. Du cautioned that… (oilleader) [mappress] Source: oilleader,March 28, 2011;

about 15 years ago
Malaysia: MMHE Lifts Industry Excellence Award 2010
Business & Finance

Malaysia: MMHE Lifts Industry Excellence Award 2010

Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) was awarded the Industry Excellence Award 2010 by the Ministry of International Trade & Industry (MITI) on 24 March 2011. MMHE received the Export Excellence Award – Services category from the Minister of International Trade and Industry Malaysia,

about 15 years ago
Statoil Drills Duster Offshore Egypt
Business & Finance

Statoil Drills Duster Offshore Egypt

The exploration well targeted the Kiwi prospect in the El Dabaa licence, located in the Mediterranean west of the Nile Delta, with a water depth of around 2,700 metres at the drill site. Extensive logging has been performed in the well, and preliminary results show that the well is dry. The offshore

about 15 years ago
Kongsberg Equipping Korean Built Drillships with Its DP Solutions
Business & Finance

Kongsberg Equipping Korean Built Drillships with Its DP Solutions

KONGSBERG has been awarded a contract-series with Korean shipyards worth apprx 280 million NOK for delivery of Dynamic Positioning and Integrated Control Systems to Drilling Vessels. The building of the vessels will take place on several shipyards. KONGSBERG is an international, knowledge-based grou

about 15 years ago
USA: EPA’s OSV Bold Leaves Pensacola
Business & Finance

USA: EPA’s OSV Bold Leaves Pensacola

The Environmental Protection Agency ship that could be found docked at Palafox Pier on and off for the past couple weeks will pull out … By Erin Kourkounis (PNJ) [mappress] Source:, March 28, 2011;

about 15 years ago
Seadrill Bags Two New Contracts for its Jackup Rigs in Vietnam and Trinidad
Business & Finance

Seadrill Bags Two New Contracts for its Jackup Rigs in Vietnam and Trinidad

Seadrill has been awarded two new contracts by BHP Billiton Petroleum for Offshore Vigilant in Trinidad and Offshore Resolute in Vietnam. The three well drilling assignment for Offshore Vigilant is expected to take 150 days, and the contract value is approximately US$20 million. The two well assignm

about 15 years ago
Norway: Siem Offshore Inc. Acquiring Rest of ODL’s Shares
Business & Finance

Norway: Siem Offshore Inc. Acquiring Rest of ODL’s Shares

Siem Offshore Inc. is in discussions to acquire the remaining 50% ownership interest in the shares of Overseas Drilling Ltd (“ODL”) from a subsidiary of Transocean Ltd. for USD 22.5 million. The acquisition will be subject to a definitive purchase agreement. ODL is a debt-free company and owner of t

about 15 years ago
PensionDanmark and PKA Acquire 50 pct of Anholt Offshore Wind Farm (Denmark)
Business & Finance

PensionDanmark and PKA Acquire 50 pct of Anholt Offshore Wind Farm (Denmark)

A consortium consisting of PensionDanmark and PKA has signed an agreement with DONG Energy on the acquisition of 50 per cent of the Anholt offshore wind farm for a price of app. DKK 6 billion. PensionDanmark is lead investor in the consortium and will acquire a 30 per cent interest, while PKA will a

about 15 years ago
PensionDanmark and PKA Acquire 50 pct of Anholt Offshore Wind Farm (Denmark)
Business & Finance

PensionDanmark and PKA Acquire 50 pct of Anholt Offshore Wind Farm (Denmark)

A consortium consisting of PensionDanmark and PKA has signed an agreement with DONG Energy on the acquisition of 50 per cent of the Anholt offshore wind farm for a price of app. DKK 6 billion. PensionDanmark is lead investor in the consortium and will acquire a 30 per cent interest, while PKA will a

about 15 years ago
Nigeria: Afren Announces New Additions to Technical Management Team
Business & Finance

Nigeria: Afren Announces New Additions to Technical Management Team

Afren plc (“Afren or “the Company”) announces the appointment of Dr Niall McCormack as Exploration Director and other senior additions to the technical management team. Appointment of Exploration Director Afren announces the appointment of Dr Niall McCormack as Exploration Director, who assumes resp

about 15 years ago
Norway: Siem Offshore Buying More Stake in Overseas Drilling Ltd
Business & Finance

Norway: Siem Offshore Buying More Stake in Overseas Drilling Ltd

Siem Offshore Inc. is in discussions to acquire the remaining 50% ownership interest in the shares of Overseas Drilling Ltd (“ODL”) from a subsidiary of Transocean Ltd. for USD 22.5 million. The acquisition will be subject to a definitive purchase agreement. ODL is a debt-free company and owner of t

about 15 years ago
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