Lundin Petroleum AB (Lundin Petroleum) announces that it recently spudded the Bertam-2 appraisal well in the PM307 Production Sharing Contract (PSC) area, offshore Peninsular Malaysia. Bertam-2 is planned to be drilled to a total depth of 1,888 metres by the jack-up rig “Offshore Courageous”. The ob
INPEX CORPORATION (INPEX) announces that its affiliate INPEX Masela, Ltd. and Shell Upstream Overseas Services Limited have completed the necessary procedures for the transfer of a 30% participating interest in the Masela Block, the Arafura Sea, Indonesia (Abadi project), where INPEX Masela is the o
Low profile marine engineering specialist Benalec Holdings has raised eyebrows with its foray into land reclamation works at the southern … (tankstoragemag) [mappress] Source: tankstoragemag, December 9, 2011;
Minister of Transport, Senator Idris Umar adopted the Public Private Partnership (PPP) framework for enabling the private sector to invest in the transportation sector. At the 11th National Council of Transport in Uyo, Akwa Ibom state, the Minister restated the Government’s enormous investment in dr
Total has increased its stake in Novatek by finalizing the acquisition of an additional 2% interest in the Russian company for around 800 million dollars. Following this transaction, Total owns a 14.09% of share capital in Novatek. This transaction effective as of yesterday was finalized through the
After the area of the Iloilo River was dredged and cleaned of debris and deteriorated see vessels, fishing fans are back again at the Muelle Loney stretch. As the Philippine Ports Authority pledged to clean the river from the Parola up to the bridge, around 14 sea vessels were moved from the river a
After close to five hours of discussion, the Douglas County Commission postponed a vote on a conditional use permit sought for a sand… By Aaron Couch (ljworld) [mappress] Source: ljworld, December 9, 2011;
Plans to mine phosphate from the offshore ocean floor of the Chatham Rise are a step closer with the signing of a US$1.2 million seismic … By Pattrick Smellie (business.scoop) [mappress] Source: business.scoop, December 9, 2011;
Lawmakers are heading towards a discussion of a state permit to dredge the Savannah River. The Ports Authority Ad Hoc Committee of the Charleston County Legislative Delegation is met yesterday in Mount Pleasant. The Department of Health and Environmental Control’s approval of South Carolina permits
Statoil has exercised options in the current framework agreement with AGR Field Operations for surface management services. The extension has an estimated total value of NOK 60 million over a period of 12 months. This contract has an estimated value of 180 million including remaining options. AGR Fi
Kencana Petroleum Berhad announced that its wholly owned subsidiary, Kencana HL Sdn. Bhd., has secured a contract from Bechtel International Inc, for the fabrication and assembly of structures and components for Wheatstone LNG processing facility in Australia. The Contract scope includes fabrication
North Carolina’s congressional delegation members have addressed President Obama seeking the money for dredging the Wilmington Harbor. The funding would also include renourishment of Brunswick County beaches and Bald Head Island. According to the Sand Management Plan outlined by the Army Corps of En
Marine Platforms Limited (MPL) and Siem offshore have agreed to extend the initial interim period for the MRSV Siem Marlin by an additional firm period of one year until April 2013. MPL has options to extend the charter by 2 + 1 year. The vessel provides services for a subsidiary of Chevron as a fie
A new island near Cottage Grove is going to be created in order to ameliorate a distorted barge channel on the Mississippi River. A study of the $5 million worth project including a portion of the river north of Hastings, has been initiated by the Army Corps of Engineers. A sharp bend in the barge [
