Engineering data and design IT systems provider AVEVA continues to trade in line with its expectations and the board remains confident of… [mappress] Source:IBTIMES, January 28, 2011;
Expanding prosperity for a growing world population will drive an increase in energy demand of about 35 percent by 2030 compared to 2005, even with significant efficiency gains, and natural gas will emerge as the second-largest energy source behind oil, Exxon Mobil Corporation3 said as it released i
Managing Director of Tap Oil Provides Summary for the Quarter Ended 31 December 2010: “During the quarter, we began an extensive review of the asset portfolio and in 2011 we will focus on the following three key areas: 1. Gulf of Thailand The acquisition of 75% of Northern Gulf Petroleum, in Thailan
The Petrobras announces that it closed a US$ 6 billion issuance of 5, 10 and 30 year notes in the international capital markets. The notes were issued by Petrobras’ wholly-owned subsidiary Petrobras International Finance Company (“PifCo”) and constitute general senior unsecured and unsubordinated ob
UNX Energy Corp. , announced that a 3D seismic contract has been signed between UNX’s joint venture partner and operator for Petroleum Licence 2813, HRT Participações en Peróleo S.A. (“HRT”) and Polarcus Limited , to provide 3D seismic on Block 2813A in offshore Namibia. UNX and HRT each own a 40% s
The Australasian oil & gas exhibition & conference (AOG) is Australia’s largest exhibition for the oil and gas sector. From 23rd to the 24th February 2011 Perth will expect more than 450 exhibitors from 16 countries. Delegates, exhibitors and visitors will experience the petroleum sector as playing
Northern Petroleum notes that in respect of the Guyane Maritime Block in which Northern holds a 1.25% interest, Tullow Oil plc (“Tullow”) in their Trading Statement and Operational Update dated 27 January 2011 stated: “Following the acquisition and processing of a large 3D seismic programme in late
GL Noble Denton has issued new guidelines for float-over installations and for moorings. These guidelines have been developed on the basis of GL Noble Denton’s experience as the industry’s leading consultancy and assurance service for floatover operations and mooring installations. They are now avai
Subsea 7 S.A. announced today the award of two new contracts from Petrobras for activities offshore Brazil. An extension to the contract for the Acergy Harrier. This contract, valued at approximately $40 million, is for the provision of saturation diving services to water depths of 300 metres for ne
The President and CEO of Wärtsilä Corporation, Mr Ole Johansson, has decided to retire after turning 60 years of age in June, using the right stipulated in his executive contract. The exact timing of his retirement will be announced later. Also, Mr Johansson will not be available to continue in his
A new company providing a comprehensive range of consultancy and support services to the worldwide marine, construction, drilling and floating production industries has been established in Aberdeen. Maritime Assurance & Consulting Ltd (MAC) has been launched by Graeme Reid, who has more than 15 year
Reference is made to the press release of 17 December 2010 regarding the announced sale of “Sea Cougar” and “Sea Wolf 1”. Both vessels have today been successfully delivered to new owners according to the sales agreement and the planned schedule. Following this transaction, Deep Sea Supply’s fleet c
Odfjell Drilling has been awarded the EPC(I) contract for the Veslefrikk field with immediate start up. “We are looking forward to doing this job for Statoil,” says Odfjell Drilling CEO Simen Lieungh. The contract includes upgrading the drilling system on Veslefrikk. A new drilling control centre wi
Apache Corporation said that production has been shut-in at the Stag oil field and the BHP Billiton-operated Pyrenees floating production, storage and offloading vessel as a result of Tropical Cyclone Bianca. As a result of repeated cyclone-related downtime, repairs to the production facility for th
