Energy giant E.ON today announced it will be investing into a pioneering industry initiative to slash the costs of offshore wind power.E.ON… (commodities-now) [mappress] Source: commodities-now, July 30, 2010;
The Board of Directors of Total, led by Chairman and CEO Christophe de Margerie, met on July 29, 2010 to review the Group’s second quarter and first half 2010 accounts. Adjusted net income for the second quarter 2010 was 2,961 million euros (M€), an increase of 72% compared to the second quarter 200
Kea Petroleum plc announced that the New Zealand Minister of Energy has given his formal approval, under the Crown Minerals Act 1991, to the acquisition by the Group’s wholly owned subsidiary, Kea Oil and Gas Limited, of a 100% interest in Petroleum Exploration Permit PEP 381204 from Genesis Power L
Energy giant RWE npower renewables has confirmed that Conwy County Council will have to share funding for a scheme to promote tourism with… by Judith Phillips (northwalesweeklynews) [mappress] Source: northwalesweeklynews, July 30, 2010;
AWE Limited announces that its Managing Director, Bruce Wood, has advised he has decided to retire on or about his 60th birthday and consequently has given twelve months notice under his employment contract. The Board has launched a global executive search for his replacement. The board and Bruce ha
Subsea 7, one of the world’s leading subsea engineering and construction companies has chosen BlueView Technologies to provide an acoustic imaging system for its new line of Autonomous Inspection Vehicles (AIVs). Under this agreement, BlueView will deliver both forward looking navigation and trackin
Seadrill has been awarded a six months contract extention for the ultra-deepwater semi-submersible drilling rig West Hercules by Husky Oil China Ltd. The estimated value of the contract extention is approximately US$90 million. The extention secures continued employment for the ultra-deepwater unit
EXXONMOBIL’S CHAIRMAN REX W. TILLERSON COMMENTED: “ExxonMobil’s focus on operational excellence continues to deliver strong results. Second quarter earnings, excluding special items, of $7.6 billion, were up 85% from second quarter of last year reflecting higher crude oil realizations, improved down
Statoil has received consent to conduct exploration drilling of well 7220/8-1 using the mobile drilling facility Polar Pioneer. The well will be located about 200 km from land NW of Ingøy in Finnmark and about 210 km SSE from Bear Island. The well has the following geographic coordinates: * N 72 ° 2
Noble Energy, Inc. reported today second quarter 2010 net income of $204 million, or $1.10 per share diluted, on revenues of $751 million. Net income for the quarter included an unrealized commodity derivative gain, as well as a rig contract termination expense. Excluding these items, which would ty
Ian Tombs has been appointed Senior Vice President, Corporate Compliance at Inchcape Shipping Services. With a background in Mechanical Engineering, his work was for many years focused on the design, manufacture, installation and recovery of submarine communication cable systems. He brings considera
Noble Corporation announced that it has closed its acquisition of FDR Holdings Limited (“Frontier”). The acquisition of Frontier, formerly an independent drilling company, and previously announced agreements with Shell increase Noble’s drilling fleet size to 69 from 62 units, with the addition of th
Aban Offshore Ltd has informed BSE that a letter of intent has been received for the deployment of the jack-up rig Aban VII offshore India for a three firm wells plus one optional well programme. The estimated revenue from the firm period of deployment (with an estimated duration of 120 days) is $10
Estonia’s state owned electricity producer Eesti Energia has plans to build an offshore wind farm that could cost around 23 billion kroons… By Toomas Hõbemägi (balticbusinessnews) [mappress] Source: balticbusinessnews, July 29, 2010;
