Kea Petroleum plc announced that the New Zealand Minister of Energy has granted to Kea Oil and Gas Limited, a wholly owned subsidiary of KEA, a 100% interest in Petroleum Exploration Permit PEP 52333, situated offshore and onshore in the northern part of the Taranaki Basin, New Zealand. PEP 52333 is
Dril-Quip, Inc.today announced that it has been awarded a contract valued at approximately $27 million by Shell Offshore Inc. to supply drilling and production equipment for the Olympus Tension Leg Platform (TLP) to be installed in the Mars field located in the Mississippi Canyon area of the Gulf of
Apache Corporation said that three successful wells appraising the Balnaves-1 discovery in License WA-356-P offshore Western Australia will trigger development planning by subsidiary Apache Julimar Ltd Pty. Balnaves is an oil accumulation in the Mungaroo formation in a separate reservoir beneath the
The board of iron ore miner Fortescue Metals Group will consider a $3.2 billion expansion of its Pilbara operations next month, the company… By John Phaceas (wabusinessnews) [mappress] Source: wabusinessnews, October 15, 2010;
Edison Capital Partners has brokered a RMB690 million (Approximately USD $104 million) financing deal with the China Development Bank on behalf of the Maritime Construction Services SA Group to acquire the pipe-lay barge “Fortuna.” Edison Capital Partners was able to facilitate the transaction, beli
The Board of Titanium Resources Group Ltd is pleased to announce that it today appointed Michael Brown as a Non-Executive Director of the Company with immediate effect. Mr. Brown is the Chief Operating Officer of De Beers Consolidated Mines Ltd (“DBCM”), the South African mining operation of the De
The dredging industry provides essential support services to ports, harbours, developers, the offshore industry, and environmental and other groups involved in maritime construction. Without the innovative technology of the dredging industry, many of these projects would not be realised. In an effor
Coastal Environmental Services, an affiliate of Coastal Construction Group, one of the nation’s leading general contractors with more than $1.2 billion in current projects, has launched a new line of oil skimming boats that promises to leave conventional skimming vessels in its wake. The 38’ Near Sh
Another rapid development is taking shape for Statoil with the Gygrid discovery in the Norwegian Sea, which will extend the production life of the existing Njord platform by several years. “We’ve found a very elegant solution,” reports Olav Lunde, who is project manager for the fast-track field with
SmarTrend identified an Uptrend for Great Lakes Dredge & Dock on September 29, 2010 at $5.59. In approximately 2 weeks since that trend was… By Chip Brian (SmarTrend) [mappress] Source: SmarTrend, October 14, 2010;
Total announces that its affiliate TOTAL E&P Borneo and its partners made a significant new gas and condensate discovery in Block B offshore Brunei. Well ML-5, located in a water depth of 65 metres and around 50 kilometres from the coastline, was drilled 8 kilometres to the south of the Maharaja Lel
The Board of Directors of Kencana Petroleum Berhad (“Kencana Petroleum”)announced that its wholly owned subsidiary, Kencana HL Sdn. Bhd. has secured a contract from PETRONAS Carigali Sdn. Bhd. (“PETRONAS Carigali”) for the provision of single buoy mooring overhaul for PETRONAS Carigali’s Sarawak Ope
China Ming Yang Wind Power Group Limited (NYSE: MY) (“Ming Yang”, or the “Company”), a leading and fast-growing wind turbine manufacturer in China, provided an update through a conference call with investors today on certain developments in the China wind power industry since Ming Yang’s ADSs began
Seadrill has entered into an agreement to sell the 1984 built jack-up drilling rig West Larissa to a buyer registered in Panama for a total consideration of US$55 million. Seadrill expects to record a gain on sale of approximately US$26 million in the fourth quarter 2010. Closing of the agreement an
