Vantage Drilling Company received an unsolicited proposal to acquire all the outstanding shares of the Company at a premium to the current market price. The proposal was subject to due diligence and requested an exclusivity period. In addition, the proposal was conditioned on the Company abandoning
Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. The region has been one of the fastest gold producing areas worldwide. Mining operations: •SGCP
BP today announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. He will be succeeded as of that date by fellow executive director Robert Dudley. BP chairman Carl-Henric Svanberg said: “The BP board is deeply sadd
Five thousand hectares of coastal land will be protected as part of a state approval of a key dredging project to facilitate Queensland’s emerging LNG industry and other future port facilities. Minister for Infrastructure and Planning Stirling Hinchliffe welcomed Coordinator-General Colin Jensen’s c
Aconex is providing its online collaboration solution to the US$3.2 billion Panama Canal Third Set of Locks Project, one of the world’s great engineering projects. Aconex is providing all the organizations engaged on the program with a central platform for managing information and project communicat
FMC Technologies Reports Second Quarter 2010 Diluted Earnings per Share of $0.78 Highlights: *Strong subsea orders of $946 million *Total backlog increased six percent sequentially driven by subsea systems orders *Guidance range for 2010 diluted earnings per share maintained at $2.70 to $2.90 FMC Te
Consumers Energy has signed a contract with Vestas-American Wind Technology, Inc. to supply 56 wind turbine generators for the utility’s Lake Winds Energy Park in Mason County. The wind park is scheduled to begin operation in late 2012. The contract calls for Vestas to manufacture, deliver and commi
Beluga Shipping GmbH, the dynamic heavy lift specialists, have featured previously on our pages as a company which never does things by… [mappress] Source: handyshippingguide, July 26, 2010;
Beluga Shipping GmbH, the dynamic heavy lift specialists, have featured previously on our pages as a company which never does things by… [mappress] Source: handyshippingguide, July 26, 2010;
Polarcus Limited announced today that subsequent to the successful and on time completion by Polarcus of the first Gassnova 3D survey (“Johansen 3D”) on 04 July 2010, the second 3D project (“Troll Kystnær 3D”) comprising 323 square kilometers offshore Norway has received budgetary approval and will
Subsea 7 Inc. , through its i-Tech division, today announced the award by Petroléo Brasileiro S/A (Petrobras) of a contract for the provision of ROV and under water positioning survey services onboard a ROV support vessel, operating offshore Brazil. The contract is valued in the region of US $50m. T
Keppel FELS Limited (Keppel FELS) is on track towards an on-budget and on time delivery of the KFELS B Class jackup rig, West Callisto, to Seadrill Limited (Seadrill) before the end of July 2010. To date, the project has clocked a good safety record of 2.2 million man-hours without incidents. This r
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea Source Control and Containment On July 23, with the guidance and approval of the National Incident Commander (NIC) and the leadership and direction of the federal government, reli
Jim Dehlsen, America’s most successful wind power innovator and entrepreneur, has been tilting at windmills since the early 1980s.Back then… By Melinda Burns (miller-mccune) [mappress] Source: miller-mccune, July 26, 2010;
