The board of Oslo Børs has today imposed a fine on Sevan Marine ASA (the “Company”) in the amount of NOK 411.600- USD 71.664 (equal to two times the annual listing fee) as a sanction for breach of information obligation towards the market. The OSE board held that the equipment failure encountered on
Harbour porpoises are small toothed whales widespread in the cool, coastal waters of the Northern Hemisphere. They are identified as a protected species within the European Union. They echolocate by sending out “clicks” at a frequency of around 130 kHz. Eigil has spent 12 years of his porpoise life
Energean Oil & Gas announces the successful completion, testing and placement on production of the PA-35 infill well on Prinos Field. Reaching a total depth of 2,975 meters, ahead of budget in terms of both time and cost, the well is the first of a series of drilling activities and other interventio
Transocean Ltd. announced that one of its subsidiaries has been awarded five-year drilling contracts for two newbuild high-specification jackup rigs for operations in Thailand for a subsidiary of Chevron Corporation . The five-year drilling contracts are expected to commence during the first quarter
Idemitsu Oil & Gas Co., Ltd. , JX Nippon Oil & Gas Exploration Corporation and Teikoku Oil (Con Son) Co., Ltd. announce a discovery of oil and gas at an exploration well in the “Dai Nga” structure in the Blocks 05-1b & 05-1c southern offshore Vietnam. The Blocks 05-1b & 05-1c are located 300 [&helli
You would think that a cut to future subsidies for solar power in Spain would have minimal impact on northern European wind developers. (blogs.ft ) [mappress] Source: blogs.ft, February 17, 2011
Seven Havila is owned by JV Havila Shipping and Subsea 7 and won the award in one of the most important offshore conferences in the world. The winner Seven Havila got most votes in a worldwide poll in competition with three other nominated offshore vessels. The vessel is a Havyard 858 DSV design, is
Keppel FELS Limited (Keppel FELS) has secured a contract worth approximately US$380 million from Transocean Offshore Deepwater Holdings Ltd, a subsidiary of Transocean Ltd. (Transocean), to build two high-specification jackup rigs based on the KFELS Super B Class Bigfoot design. The rigs’ deliveries
Sterling Resources Ltd. announces that drilling is expected to commence within the next few days at both Cladhan (Blocks 210/29a & 210/30a) and Grian (Block 48/28b) in the UK North Sea, as drill rigs are currently being towed to the respective sites. At the Cladhan discovery, at least one well and a
Aker Solutions’ operating revenues in the fourth quarter of 2010 were NOK 15 billion and earnings before interest tax depreciation and amortisation (EBITDA) was NOK 1 191 million. The preliminary results for full year 2010 show revenues of NOK 50.8 billion and EBITDA of NOK 4.3 billion. All of the a
Oil services group Aker Solutions signals a stronger focus on international growth and engineering through an expansion of its executive management team. Three members have been added, of which two are non-Norwegian citizens. Wolfgang Puennel, a German citizen, has been appointed head of the new Wel
Buccaneer Energy Limited (“Buccaneer” or “the Company”) advises that the Board of the Alaska Industrial Development & Export Authority (“AIDEA”) has approved the expenditure of additional funds up to $200,000 which will be used to further develop a variety of definitive agreements that would authori
Polarcus Limited announced that it has held a double naming ceremony on 16 February 2011 for the Company’s newest vessels, POLARCUS SAMUR and POLARCUS ALIMA, to join the industry’s most modern 3D seismic fleet. The ceremony was held at the Drydocks World – Dubai shipyard in the United Arab Emirates
Aker Solutions’ operating revenues in the fourth quarter of 2010 were NOK 15 billion and earnings before interest tax depreciation and amortisation (EBITDA) was NOK 1 191 million. The preliminary results for full year 2010 show revenues of NOK 50.8 billion and EBITDA of NOK 4.3 billion. All of the a
