Nautilus Minerals Inc. announced it has signed a binding heads of agreement with Tongling Nonferrous Metals Group Co. Ltd (“Tongling”) for the sale of the product extracted from the Company’s Solwara 1 deposit located in the Bismarck Sea, Papua New Guinea (“PNG”). The agreement provides for the purc
TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology has completed construction of the TGN-EA (Jeddah) and TGN-Gulf undersea cables for Tata Communications. TGN-EA (Jeddah) connects Saudi Arabia, Egypt and India, while TGN-Gulf links Oman, India, Un
Technip was awarded by Offshore Oil Engineering Co, Ltd (COOEC) a pipeline installation contract for the Liwan 3-1 shallow water project, located in the Pearl River Mouth Basin, China Sea, at approximately 300 kilometers South of Hong Kong, China. With a total length of 260 kilometers, the pipeline
Vodafone Europe B.V. and Cable & Wireless Worldwide plc announce that they have reached agreement on the terms of a recommended cash offer pursuant to which Vodafone will acquire the entire issued and to be issued ordinary share capital of CWW. It is intended that the Offer will be effected by way o
The Board of Mediterranean Oil & Gas Plc, the central Mediterranean producer, developer and explorer of oil and gas assets, announces update on Guendalina Gas Field production and the processing of 3D seismic data offshore Malta. Production from the Guendalina gas field for the first quarter of 2012
After the Dhiraagu’s announcement about submarine cable repair ship ‘ASEAN Explorer’ getting ready for the repair of the broken cable, the company yesterday announced that the ship is due to arrive in Colombo on 25th April 2012 for the repairs. Dhiraagu is constantly in touch with the ship and worki
Bahamas Petroleum Company confirms that its petroleum exploration licenses state that; “where the licensee applies for renewal and has complied with the Act, Regulations and the terms and conditions contained in this license, the Governor-General shall renew this License for a further period of thre
Inland Salvage Inc. recently conducted offshore salvage operations 40 nautical miles southwest of the Eugene Island, LA, successfully raising an Anchor Barge that sank in approximately 100 feet of water. They were called upon by the vessel’s owner to develop and execute a safe and expedient salvage
Oceanteam Shipping ASA has announced that it’s new Lay Vessel, CSV North Ocean 105 which is jointly owned with J Ray McDermott (Norway) AS, has been delivered on time and has immediately commenced a five year time charter. The company’s fleet of CSVs now consists of four partially owned North Ocean
Helix Energy Solutions Group, Inc. reported net income of $65.7 million, or $0.62 per diluted share, for the first quarter of 2012 compared with net income of $25.9 million, or $0.24 per diluted share, for the same period in 2011, and net income of $16.8 million, or $0.16 per diluted share, in the f
In the latest of a series of onsite tests at EMEC Stromness based Scotrenewables Tidal Power Limited has successfully generated and exported power into the UK national grid for the first time. On the 18th of April the SR250 full-scale prototype was towed to EMEC Fall of Warness tidal test site and c
Aker Solutions has been awarded a contract by Subsea 7 for the design and fabrication of a control umbilical for Statoil’s Svalin C project on the Norwegian continental shelf. Contract value is undisclosed. Scope of work includes a six kilometre long control umbilical, connectors, engineering and pr
The two technical solutions to stop the gas leak on well G4 of the Elgin platform are progressing according to plan. As announced, drilling of the G4 relief well (G4-K1) commenced while in parallel experts continued with key tasks in preparation for the well control operation to stop the leak on the
Schlumberger Limited reported first-quarter 2012 revenue of $10.61 billion versus $10.97 billion in the fourth quarter of 2011, and $8.72 billion in the first quarter of 2011. Net income attributable to Schlumberger, excluding charges and credits, was $1.31 billion—a decrease of 12% sequentially but
