GE today announced its intention to make an offer for 100% of Wellstream Holdings PLC , a leading engineer and manufacturer of high-quality flexible pipeline products for oil and gas transportation in the subsea production industry. The terms of the transaction, which value Wellstream’s share capita
Lundin Norway AS, operator of production licence 400, has completed the drilling of wildcat well 3/8-1. The well was drilled about 7 kilometres east of the Trym discovery in the southern part of the North Sea. The primary exploration target for the well was to prove petroleum in Permian resevoir roc
MEO Australia Limited advises that since the last progress report, the 9-5/8” casing was run and cemented to a depth of 2,971m MDRT and the 8-1/2” hole was drilled through the target reservoirs to a total depth of 3,500m MDRT over the weekend. No hydrocarbons were encountered in the objective reserv
Europe can meet its 2050 ambition of reducing its CO2-emissions by 80 per cent compared to 1990, in a faster and more cost-efficient way if natural gas plays a significant part in the energy mix going forward. In a report initiated by a group of experienced gas players in Europe and delivered to the
Wärtsilä’s electronic Annual Report 2009 has been selected best annual report in Europe. The prize was handed out at the European Excellence Awards ceremony in Prague, Czech Republic, on 9 December 2010. There were over 1,400 entries in the European Excellence Awards competition this year. The other
Dutch shipbuilding company Damen has launched a new Compact Stan Tug Series. With more than 40 years experience and expertise behind the three tug types, (the Stan Launch 804, Stan Tug 1004 and Stan Tug 1205), the vessels are designed to be strong, highly manoeuvrable and easily manageable for a one
Despite recent oil finds by UK-based oil firms Rockhopper Exploration (AIM: RKH) and Desire Petroleum (AIM: DES), the Falkland Islands … By James Fowler / Business News Americas [mappress] Source: BNamericas , December 10, 2010; Image: Fogl
During the period of 1-4 November 2010, the Petroleum Safety Authority Norway (PSA) carried out an audit of Transocean Offshore Ltd’s (Transocean’s) management of major accident risk and handling of barriers. The audit activity was started with an all-day meeting with the management on land on 21 Oc
VAALCO Energy, Inc. provided an update on its horizontal development well (ET-7H) in a known separate fault block in the Etame field and on its exploration well (ETOMG-1) on the Omangou prospect, both wells located offshore Gabon. The Company has laid and connected production, service and gas lift l
Woodside has executed a five year US$1.1 billion syndicated loan facility with 34 domestic and international banks. Funds from the loan will be used to repay the US$1.1 billion syndicated loan facility executed in May 2009. Australia and New Zealand Banking Group Limited and The Bank of Tokyo-Mitsub
Titanium Resources Group Ltd is pleased to announce the appointment of Mr. Charles Entrekin Ph.D. today as a Non-Executive Director of the Company with immediate effect. Charles Entrekin has over 35 years of experience in the mining and metals sector, acting both as an executive officer level and as
Havyard Group is strengthening their efforts and focus in the Brazilian market by creating Havyard South America. Through our new company we can give much better support to Brazilian customers wishing to buy Havyard Group`s products and services. Havyard South America`s office in Rio de Janeiro is p
Wind energy is developing itself to one of the world’s largest source of renewable energy. However, the erection wind energy converters (WEC) not only concerns efficient, environmental friendly generation of electricity. First and foremost, is the design of safe substructures for the ever greater di
Wind energy is developing itself to one of the world’s largest source of renewable energy. However, the erection wind energy converters (WEC) not only concerns efficient, environmental friendly generation of electricity. First and foremost, is the design of safe substructures for the ever greater di
