COSCO (DALIAN) SHIPYARD CO LTD have awarded Inocean a contract for development and basic design of a new compact ultra deepwater drillship, INO-80, suitable for global operation. The design is being introduced to the market for the first time on tuesday (May 3th) in Houston at OTC 2011 today. “We ar
In order for consumers to receive cheap energy from renewable sources, the offshore wind industry will have to work with the oil and gas sector. This is the opinion of Finlay Crossan, a partner in legal firm Bond Pearce, who told Renewableenergyfocus.com that both sectors have to co-operate if we ar
Chevron Corporation achieved its safest year in company history, reduced its total energy consumption by 33 percent compared with 1992 levels, invested $197 million in communities around the world, and spent more than $2 billion with small U.S. businesses, according to the company’s 2010 Corporate R
Public Enterprises Minister Malusi Gigaba said on Friday that R5.4bn has been budgeted over the next five years for the expansion of the Cap… (fin24) [mappress] Source: fin24, May 6, 2011;
On 6th May 2011, the Board of Directors of Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB”) has approved the consolidated results for the financial year ended 31st March 2011. MHB achieved a revenue of RM4,435.4 million and the Group’s profit before tax improved by 12.4% to RM424.0 mill
On 6th May 2011, the Board of Directors of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has approved the consolidated results for the financial year ended 31st March 2011. MHB achieved a revenue of RM4,435.4 million and the Group’s profit before tax improved by 12.4% to RM424.0 millio
A “Christening” ceremony will be held today to welcome the Royal Navy’s latest and most-advanced warship to the fleet… (ThisIsLondon) [mappress] Source: ThisIsLondon, May 6, 2011;
Fluor Corporation announced financial results for its first quarter ended March 31, 2011. Net earnings attributable to Fluor for the first quarter were $140 million, or $0.78 per diluted share, compared with $137 million, or $0.76 per diluted share in the first quarter of 2010. Segment profit for th
BG Group Ltd. is hopeful it will be able to resume work on a pipeline connecting onshore gas fields to its US$15 billion gas export project… (advfn) [mappress] Source: advfn, May 6, 2011;
Beach replenishment has been postponed in South Bethany so work won’t conflict with the tourist season, but the schedule in Fenwick remains … By Nick Roth (delmarvanow) [mappress] Source: delmarvanow, May 6, 2011;
Two developers want the same approximately 45 square miles of ocean as a place for wind farms, a federal agency said Tuesday. In December, Providence-based Deepwater Wind and Massachusetts-based Neptune Wind told the U.S. Department of Interior they were interested in leasing an area roughly between
A huge backlog of ports, especially roll on/roll off (RORO)-capable docks, has gravely jeopardized economic and social reforms that the Aqui… By BEN R. ROSARIO (mb) [mappress] Source: mb, May 6, 2011;
EOG Resources, Inc. reported first quarter 2011 net income of $134.0 million, or $0.52 per share. This compares to first quarter 2010 net income of $118.0 million, or $0.46 per share. Consistent with some analysts’ practice of matching cash flow realizations to settlement months, and making certain
Woodside welcomes the decision by the Goolarabooloo Jabirr Jabirr native title claim group to approve a proposal for a Native Title Agreement, which will enable the Western Australian Government to establish an LNG Precinct at James Price Point, 60 km north of Broome. This decision is a key step to
