Eco (Atlantic) Oil & Gas Ltd. has executed a Farm-out agreement with Tullow Kudu Limited, a wholly owned subsidiary of Tullow Oil plc., pursuant to which Tullow has agreed to acquire up to a 40% working interest in Block 2012A (Cooper Block) in the Walvis Basin, offshore Namibia. This Farm-In, in co
Carnarvon Petroleum Limited has reported that the Phoenix South-1 well has successfully set the 9 5/8” casing in the side-track well and is drilling ahead. As at 12:00 hours today the well was drilling ahead at approximately 3,750 meters MD in the final hole section. The primary targets for the Phoe
At the North Adriatic Ports Association’s assembly, held on 17th July in Koper, the Presidents of NAPA ports were acquainted with the recent decision of the TEN-T’s (Trans European Transport Network) Financial Board to financially support projects which NAPA members. These projects focus on the deve
Cargotec has decided to reverse earlier plans to separately list its MacGregor business. Cargotec’s Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by delivering profitable growth within the n
Housing Development Corporation Ltd. (HDC) and Dredging International N.V. (Belgium) have signed the framework agreement that will allow Hulhumale Phase II dredging and reclamation works to carry on. The agreement was signed yesterday at a ceremony in Nasandhura Palace Hotel, by HDC Managing Directo
Seamec Limited, India’s leading provider of diving support vessel based diving services, has been awarded Letter of Intent (LOI) by Oil and Natural Gas Corporation Limited (ONGC) for deployment of SEAMEC I vessel. The contract is for undertaking Air Diving job for a period of 5 years. SEAMEC I is re
Schlumberger Limited has delivered second-quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013. Second-quarter revenue was up 7% sequentially and increased 8% year-on-year with International Area revenue of $8.09
Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of 330 MNOK. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC), Cosco Shipyard (COSCO) and Hudong Zhonghua Shipyard (HDZ)
Acting Director of Bureau of Ocean Energy Management (BOEM) Walter Cruickshank has announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico P
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory will be located at Lingang, Shanghai and is expected t
SmartBay Ireland has recently entered a Memorandum of Understanding (MOU) with OBSEA Seafloor Cabled Observatory operated by Universitat Politècnica de Catalunya (Spain), Oceanic Platform of the Canary Islands PLOCAN, Marine Institute Ireland and Consejo Superior de Investigaciones Científicas (CSIC
Cheniere’s unit Corpus Christi Liquefaction has entered into a liquefied natural gas sale and purchase agreement with Électricité de France (EDF). Under the agreement EDF has will purchase approximately 0.38 million tonnes per annum of LNG upon the commencement of operations of Train 2 of the LNG ex
Rhode Island’s Congressional delegation today joined with Governor Lincoln D. Chafee and the Coastal Resources Management Council (CRMC) to announce $193,090 in federal funding to make the state’s coastline more resilient to future storms and rising sea levels. The funds were made available through
Universal Acoustic & Emission Technologies recently supplied turbine exhaust systems to the Santos GLNG facility for the first of two LNG production trains. “Universal AET’s project manager worked with the customer and with Bechtel, the engineering, procurement and construction contractor for the fa
