Nautilus Minerals advises that it is in dispute with the Independent State of Papua New Guinea (the State) as to the parties’ obligations to complete the Agreement entered into on 29 March 2011. Nautilus has initiated the dispute resolution process provided for in the Agreement, which may lead to a
Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS and the Bøyla partners have submitted the plan for development and operation (PDO) of the Bøyla field located on the Norwegian Continental Shelf to the Norwegian Ministry of Petroleum and Energy. The Bøyla de
On 30 May 2012 two delegates from the Austrian Chamber of Commerce at the Austrian embassy in Brussels, Mr. Peter Fuchs and Mr. Henry Simon, visited Hydrex nv in Antwerp to present the company with the National Energy Globe Award for sustainability for 2012. Hydrex won the award for Belgium for its
TGS announces the release of Clari-Fi, a proprietary seismic data processing technique. TGS’ Clari-Fi technique allows broadband seismic to be generated from conventionally acquired seismic data. In order to achieve this, acquisition related frequency attenuation effects and the attenuation caused b
Research ship Yantar on May 31 left covered workshop of JSC Yantar Shipyard and was moved to open slipway, reports the shipyard’s press service. Although moving of the 2,000-ton hull took less than an hour, it needed thorough preparation. As a result, the hull was placed at a pre-launch position to
Statoil has awarded Aker Solutions early phase studies for all their recent major discoveries on the Norwegian Continental Shelf; the Skrugard and Havis fields in the Barents Sea and the Johan Sverdrup discovery in the North Sea. Contract values are undisclosed. The past year has been unique, with J
Nautilus Minerals announced that there may be a delay in the finalisation of funding for the vessel to be used in connection with its Solwara 1 Project and a potential consequential delay to the program for the vessel build. In turn, this may result in a delay to the commencement of operations at So
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore industry, through its Indonesian joint venture company, PT Rajawali Swiber Cakrawala, has been awarded a contract amounting to approximately US$175 million by an oil major for offshore engine
Rear Admiral David Titley has become the next Deputy Under Secretary for Operations (DUS/O) at NOAA. As NOAA’s Chief Operating Officer… [mappress] Source: NOAA , June 03, 2012; Image: NOAA
STC Group was awarded during the opening ceremony of IMEWE conference held in Dubai on 29th May. STC Group received the award in recognition of its innovative leadership in submarine, ground cable, telecommunications services and providing international links at high speeds which connects the Kingdo
Endeavour International Corporation announced yesterday that it had completed the acquisition of the additional 23.43% working interest in the Alba field from ConocoPhillips. The Alba oil field, located in Block 16/26a, in the Central North Sea is a late Eocene reservoir that has been producing sinc
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) approved the Hebron Development Plan. The approval of the Development Plan now enables ExxonMobil Canada Properties Limited to proceed with development of the Hebron Field, which is estimated to contain 707 million barrels of oi
Schlumberger Limited announced that it has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc. Additionally, Schlumberger has committed to divest the remaining portion of its distribution business by agreeing to support NOV’s previously announced proposed acquisiti
Møksters increases its focus on the subsea market by ordering a new build vessel special designed for ROV work, survey, diving and light construction work. In addition, the vessel will be able to provide services to windmill construction work. It is designed by Multi Maritime AS in Førde and is call
