VAALCO Energy, Inc. reported results for the fourth quarter and full-year of 2010. For the 2010 fourth quarter, VAALCO reported net income attributable to VAALCO of $8.9 million, or $0.15 per diluted share, compared to net income attributable to VAALCO of $2.2 million, or $0.04 per diluted share, fo
BHP Billiton CEO, Marius Kloppers, today announced a donation of US$1 million to the Red Cross to assist with disaster relief in the wake of the earthquake and tsunami in Japan. Mr Kloppers said BHP Billiton had a long standing and substantial relationship with Japan. “Japan is one of BHP Billiton’s
Fugro N.V. has won the Erasmus Innovation Award 2010-2011 for the most innovative company in the Netherlands. In the press release from the Rotterdam School of Management, Erasmus University, the following is stated : “The jury notes that Fugro N.V. distinguishes itself through its forward looking v
The Government of Papua New Guinea has confirmed that it intends to take up a 30% stake in the Solwara 1 project in the Bismarck Sea in Papua New Guinea (PNG). Nautilus Minerals Inc. will retain a 70% holding in a joint venture to be established with the PNG Government. In a letter to […]
Brunei Shell Petroleum (BSP – Shell 50%) announced today a significant new oil discovery in the coastal waters of the south-east Asian sultanate. The discovery, named Geronggong, is situated in the 3rd Offshore Acreage Area, approximately 100km offshore where water depth is approximately 1000m, the
Gulf Bridge International (GBI), the Middle East’s first privately owned submarine cable operator, has ‘successfully landed’ its cable at… (gulf-times) [mappress] Source: gulf-times, March 14, 2011;
RBG had a record month of contract wins in February, securing more than £150million of new work. RBG, which provides a wide range of expert services to maintain the integrity of production facilities, has experienced a period of significant activity in the North Sea, securing contract wins with a nu
A New Zealand-led group of international scientists will spend the next three weeks onboard NIWA’s research vessel Tangaroa, using a free… (nzresources) [mappress] Source:nzresources ,March 14, 2011;
The legendary lost city of Atlantis may not be lost anymore. A team of US researchers think that they have found the city of Atlantis, which… (indyposted) [mappress] Source: indyposted, March 14, 2011;
The C-Tecnics CT3012 Miniature Underwater Camera has been designed for shallow water inspection operations where small size, low cost and excellent video quality are required. This budget camera is exceptionally neatly packaged in a 23mm housing which is 125mm long from front port to the end of the
The Transatlantic Seafloor Research Challenge is not a real competition, but that hasn’t stopped British designer Philip Pauley from envisio… [mappress] Source:gizmag ,March 14, 2011;
Scientists have long turned to nature for inspiration and innovation. From unlocking the secrets of spider silk to create super-strong mater… (oceanpowermagazine) [mappress] Source: oceanpowermagazine,March 14, 2011;
The American energy giant ExxonMobil’s drillship “Deepwater Champion” passed through Turkey’s Canakkale Strait (the Dardanelles) and entered… (myfeedme) [mappress] Source: myfeedme, March 14, 2011;
Hosted by the research ship the RRS Discovery, the latest in the Autosub series of autonomous underwater vehicles (AUVs), Autosub Long Range, has successfully completed its first set of sea trials in a location in the deep Atlantic Ocean, 300 miles south-west of the Canary Islands. Autosub Long Rang
