Thalassa Energy Ltd has announced plans to join The Alternative Investment Market of the London Stock Exchange after raising over £3 million. The company will be capitalized at £4.3 million when it joins the market. Thalassa has one subsidiary, Thalassa Energy Services Ltd (“TESL”), which was establ
Sweden’s PA Resources has participated in new discoveries of oil and gas-condensate on the Diega prospect in Block I offshore Equatorial Guinea. Operator Noble Energy said approximately 12 meters of net gas-condensate pay was discovered in the primary drilling zone, the geological properties of whic
Revus Energy has warned that its second quarter production numbers will be well down on expectations because of field shut-downs. Revus said output for Q2 2008 shows an average daily production net to Revus of 5,445 boe/d. This is 15.6% below earlier guidance of 6,450 boepd. Revus said: “The main re
In order to beat the solo North Atlantic record held by Francis Joyon since 2005, Thomas Coville must round Lizard Point (SW tip of England) before Tuesday 17:47UT. Yesterday at 18:10, after 4 days and 4 hours sailing, and exactly two days from the last possible arrival date, Thomas had 624 miles to
News – July 15, 2008 State-owned Port of Tallinn and KMG Inseneriehituse have signed a contract for the extension of the Muuga Container Terminal in Estonia. According to local press reports, Phase One of the eastern part of the project will cover 27 hectares and includes building a 500m quay for co
Contracts & Tenders – July 15, 2008 MCJ Ref No: 644/E/54 Tender Ref No: 2008-169374 Project Stage: Contract Award Area: Rijswijk, Netherlands Value: 1: 26,890,000 EUR; 2: 12,940,000 EUR Promoter: Rijkswaterstaat Noordzee, Lange Kleiweg, 34, Afdeling Inkoopondersteuning, NL-2288 GK Rijswijk. Tel: 07
News – July 15, 2008 The Florida Sun-Sentinel reports that Cuba is deepening its main seaports to handle larger vessels. The report said dredging is underway in Havana, Santiago and Cienfuegos, which together receive about 85 per cent of cargo imported into the country. Quoting the National Port Aut
ConocoPhillips Scandinavia has been given the green light to use the Maersk Gallant jackup to permanently plug two water injection wells on the Ekofisk field. The rig will be used to permanently abandon the 2/4W-4 and W5 wells which have been used for water injection at the field. Abandonment work –
Celtic Sea explorers Providence Resources and Island Oil and Gas along with Lansdowne have been awarded a new licensing option in the region covering acreage directly below the producing Seven Heads gas field. Together the three companies have been awarded the Barryroe licence area which has seen th
Norway’s Ministry of Petroleum and Energy (MPE) has prequalified Spring Energy as a licensee on the Norwegian Continental Shelf (NCS). Spring Energy is an Oslo-based independent Norwegian upstream oil and gas company whish is pursuing growth opportunities in both mature and immature areas on the NCS
Farstad Shipping has taken delivery of the Far Sabre anchor handling tug supply vessel (AHTS), which will work in the North Sea. Farstad said a long-term facility of NOK 231 million has been drawn with Eksportfinans ASA to finance the vessel. The loan is guaranteed by Sparebanken Møre and Swedbank
Tanker Will Be the First in the U.S. with Advanced EPA Tier II Compliant Engines PHILADELPHIA–(BUSINESS WIRE)–Aker Philadelphia Shipyard (Oslo:AKPS – News), a leading U.S. commercial shipyard, launched Hull 009, the fifth in a series of 12 product tankers to be completed by the yard in 2011 and sold
– Following Some Simple Tips From a Leading Area Insurance Brokerage Can Help Prevent Fatalities, Injuries and Damage – WILMINGTON, Mass., July 14 /PRNewswire/ — Each weekend, upwards of 130,000 Bay Staters take their boats out on the water. While most consider boating a source of joy and entertainm
ATHENS, GREECE–(MARKET WIRE)–Jul 14, 2008 — DryShips Inc. (NasdaqGS:DRYS – News) today announced that Primelead Limited, a wholly owned subsidiary of DryShips Inc., has effected a compulsory transfer of all remaining shares in Ocean Rig ASA and as a consequence of the compulsory transfer and cancell
