If exploration drilling fails to prove oil or gas, or if the proven petroleum volumes are too small to warrant profitable development, then the main rule is that the area shall be relinquished to the authorities. Relinquishment takes place at the end of the initial period (the exploration period), o
Chevron Corporation announced that its Turkish subsidiary has signed a Joint Operation Agreement with Turkey’s state oil company for an exploration license in the Black Sea. “This agreement represents a significant exploration entry into a highly prospective new basin,” said George Kirkland, vice ch
Gulf Island Fabrication, Inc. announced , that through its subsidiary Gulf Marine Fabricators, L.P., it received a Letter of Authorization to enter into a Contract for the fabrication and integration of the topsides of a major deep-water Gulf of Mexico project. The signing of the Contract is conting
Artumas Group Inc. announced that it has completed the process of changing its name to Wentworth Resources Limited. The Annual General and Special Meeting was held on September 17, 2010, at which time a motion was tabled and seconded to approve, by special resolution, the changing the name of the Co
US based Global Industries is about to take delivery of the first of two deep-water derrick pipelay vessels from Keppel Singmarine, Singapore. The vessels are designed by Ulstein Sea of Solutions in The Netherlands. The first newbuild, the Global 1200, was named on 18 September. The vessel is in its
Aberdeenshire-based ThinJack is celebrating record quarter year turnover thanks to increasing global demand for its bespoke services. Between April and June this year, ThinJack delivered sales of over £300,000 compared with just over £100,000 for the same quarter in 2009. The Westhill business is ra
Following the completion of the first-stage construction of 20 test wind turbines in 2013, instead of 2012, the government will build an “experimental wind farm complex” with 200 five-megawatt wind turbines.
Following the completion of the first-stage construction of 20 test wind turbines in 2013, instead of 2012, the government will build an “experimental wind farm complex” with 200 five-megawatt wind turbines.
Bjørge ASA will reorganize into two independent companies, with its process, fire and safety solutions divisions demerged into a separate company. The split will create two focused operations capitalizing on established market positions within the service sectors of the oil and gas industry. The two
Incat Crowther announced a contract to design two 30m aluminium monohull crewboats for service in Nigeria. Incat Crowther’s brief is to design vessels that are easy to construct and robust in operation, with simple systems; in line with the demands of the region. To be built by Cape Town-based Veecr
A Youngstown company is at the forefront of a $100 million plan to build the country’s first offshore wind farm on Lake Erie.Great Lakes… By Grace Wyler (vindy) [mappress] Source: vindy, September 20, 2010;
Bibby Offshore Holdings Limited, the holding company of Aberdeen-based subsea construction and IRM firm, Bibby Offshore, has made two board appointments. Andrew Duncan and Jeremy Punnett have been appointed to the positions of business & commercial director and strategic & corporate development dire
Songa Offshore SE (“Songa” or the “Company”) announced that a wholly owned subsidiary of the Company has entered into an agreement to sell the drillship Songa Saturn to a wholly owned subsidiary of PetroSaudi Oil Services Ltd. (“PetroSaudi”) for net sales proceed of USD 260 million. As advised by th
It is fair to assume that the millions of viewers who tuned into EastEnders a week last Monday did not simultaneously give thanks for the… By Terry Macalister and Tim Webb (guardian) [mappress] Source: guardian, September 20, 2010;
