Search results for: Development Plan

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  • 1 June 2010
    Business & Finance

    Orca Exploration Group Inc. (“Orca” or the “Company”) announces that it has signed an agreement with Petroceltic International plc (“Petroceltic”) to farm in on Petroceltic’s Central Adriatic B.R268.RG Permit offshore Italy. The farm-in commits Orca to fund 30% of the Elsa-2 appraisal well up to a maximum of US$11.5 million to earn a 15% working […]

  • 1 June 2010
    Authorities & Government

    In Ludington, Michigan, a city located in close vicinity to Lake Michigan, the city Commissioners are being asked to approve a plan put forth by Scandia Wind Offshore, a wind farm development company. This plan establishes a wind farm made up of 50 to 100 turbines that would be placed along the waters edge in […]

  • 31 May 2010
    Business & Finance

    Leading European energy company, Vattenfall, has awarded A2SEA a contract to transport 30 5MW RePower turbines from Belfast Harbour to the Ormonde Offshore Wind Farm, 10km off the coast of Barrow-in-Furness in the Irish Sea. In addition to providing the specialist jack-up barge SEA JACK and its experienced crew, A2SEA will take care of all […]

  • 31 May 2010

    Kairiki Energy Limited  announced that Nido Petroleum Limited , as Operator of Service Contract 54A (SC 54A), advise that first oil flowed to surface at 11:00am (Manila time) on 30 May 2010 from the Tindalo-1 well. This follows the conclusion of well completion operations on the Tindalo-1 oil well earlier this week and final hookup […]

  • 28 May 2010

    The joint venture between Wärtsilä and Transmashholding is a strategically important step for Wärtsilä to broaden its business into the rail market and gives Wärtsilä a stronger industrial foothold in Russia. Wärtsilä has signed a joint venture agreement with the Russian company Transmashholding (TMH) to manufacture modern and multipurpose diesel engines in Russia. The engines, […]

  • 28 May 2010

    BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea Source Control and Containment Subsea efforts continue to focus on progressing steps to stop the flow of oil from the well through interventions via the failed Deepwater Horizon blow out preventer (BOP), and […]

  • 27 May 2010
    Business & Finance, Equipment

    FMC Technologies signed in the beginning of March a contract with Statoil ASA for the manufacture and supply of subsea production equipment to support the Marulk field. The award is a call-off from FMC’s existing frame agreement with Statoil. The Marulk field is located in the Norwegian Sea, approximately 18 miles (30 kilometers) southwest of […]

  • 27 May 2010
    Project & Tenders

    AWE’s Tui SW-2 drilling update AWE Limited advises that at 0600 hours today, the Tui SW-2 well was at a measured depth of 1573 metres after running and cementing 9-5/8” casing. The forward plan is to drill 8-1/2” hole to total depth. The Tui SW prospect is located in mining licence PMP 38158 in the […]

  • 26 May 2010
    Authorities & Government, Business & Finance

    After almost a decade long fight, the federal government has approved the first offshore wind farm in the United States in the waters off Cape Cod. The Cape Wind project entails the construction of 130 wind turbines in Nantucket Sound, Massachusetts and will start generating electricity by 2012. The Cape Wind project is a major […]

  • 26 May 2010

    BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea efforts continue to focus on progressing options to stop the flow of oil from the well through interventions via the blow out preventer (BOP), and to collect the flow of oil from the […]

  • 25 May 2010

    Acergy S.A. announced today the award of a contract valued at approximately $120 million, offshore Nigeria in shallow water depths. This contract includes the removal of existing risers and the installation of approximately 15km of new pipelines and associated risers, together with associated diving and hook-up activities. Construction engineering will commence immediately, with offshore installation […]

  • 25 May 2010
    Authorities & Government, Business & Finance

    The Scottish government has given its stamp of approval to 10 offshore windfarm projects with a combined capacity of 6.4 gigawatts (GW). The 10 projects in Scottish territorial waters were originally outlined in February 2009 by the Crown Estate, which oversees the development of the U.K.’s seabed. The Scottish government’s approval was outlined in “The […]

  • 25 May 2010

    BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea efforts continue to focus on progressing options to stop the flow of oil from the well through interventions via the MC252 blow out preventer (BOP) and to collect the flow of oil from […]

  • 24 May 2010

    AWE plans to test the permit with a wildcat well, Tuatara-1, to be drilled in July using the semi-submersible Tan Kan IV. AWE is currently using the Kan Tan IV to test satellite deposits to its producing Tui field in the Taranaki basin off New Zealand’s North Island. The Tuatara-1 well will test the Moki […]

  • 21 May 2010

    Atlantic Petroleum today announced its results for the first three months 2010. This company announcement should be read in conjunction with Atlantic Petroleum’s Interim Consolidated Financial Statement attached to this announcement. Sigurð í Jákupsstovu, Atlantic Petroleum’s CEO, stated: “We are pleased to announce the result for 1Q 2010. With two fields now in production and […]

  • 21 May 2010
    Business & Finance

    NaiKun Wind Energy Group Inc. (TSX-Venture: NKW) announced today that its Board of Directors (the “Board”) has initiated a process to retain an advisory firm to assist the Company in undertaking a review of the strategic alternatives available to ensure maximum shareholder value. Since the recent announcement by BC Hydro that NaiKun Wind’s 396 MW […]

  • 20 May 2010
    Project & Tenders

    Statoil and EGL today, 20 May, announced the divestment of a combined stake of 15% in the Trans Adriatic Pipeline Project (TAP) to E.ON Ruhrgas – a leading energy provider. The new shareholder structure of the Trans Adriatic Pipeline project now comprises of EGL holding a 42.5% share, Statoil holding a 42.5% share and the […]

  • 20 May 2010

    Drydocks World has won a contract to build a new state-of-the-art oil well intervention Compact Semi-Submersible (CSS) vessel, representing a third order from integrated energy industries service provider Hallin Marine. The vessel will cost a total of US$110m. Designed by STX Canada Marine Inc, the diesel/electric CSS’s primary function is to facilitate repair and maintenance […]

  • 20 May 2010
    Business & Finance, Equipment, Research & Development, Technology

    IHC Parts & Services, part of IHC Merwede, and Wärtsilä Netherlands (WNL) have teamed up to provide life-cycle support for ships with Bolnes and Smit Bolnes engines. The companies will combine their industry knowledge, expertise and strength to maintain these dredging and other vessels worldwide in order to extend product life cycles, reduce owners’ costs […]

  • 19 May 2010
    Business & Finance

    Technip announced today that it has signed an agreement, worth approximately €30 million, with Statoil ASA for the fabrication and installation of a pipe-in-pipe flowline(1) to support the Marulk field development. Statoil is carrying out parts of the Marulk development project on behalf of the operator Eni(2). The Marulk field is located in the Norwegian […]

  • 19 May 2010

    Tullow Oil plc (Tullow) announces that the Nzizi-3 well in Uganda Block 2 has successfully appraised the Nzizi gas field and that the Noix de Coco-1 well in Gabon has encountered wet gas but in poor quality reservoir sandstones. Nzizi-3 appraisal well results The Nzizi-3 appraisal well was drilled 1.2 kilometres up-dip and to the […]

  • 19 May 2010

    Technip announced that it has successfully completed the construction of its new vessel, the Apache II, at its construction yard in Pori, Finland. The work involved transferring the Apache’s high-performance pipelay equipment on to a new-built hull acquired in 2009, as a result of which the Pori yard has delivered a state of the art […]

  • 18 May 2010
    Business & Finance

    Managing blowback from the BP oil spill is “job #1″ for Big Oil these days. International petro giant Shell , with headquarters in England and Wales and a significant refinery in Martinez, CA, has announced it will halt its Nigerian offshore oil drilling, while implementing a groundbreaking remediation plan for the Niger Delta. Shell announced […]

  • 17 May 2010

    Tullow Oil plc (Tullow) announces that it has signed a Heads of Agreement with Staatsolie in relation to Block 47, a 2,369 sq km deepwater exploration licence offshore Suriname. The signing will enable the parties to finalise a Production Sharing Contract for the Block and enhance Tullow’s portfolio of high-impact exploration acreage in the emerging […]

  • 16 May 2010

    Statoil has struck gas in an exploration well north of the Mikkel field in the Norwegian Sea. The discovery is being considered for development as a satellite to the Åsgard field. ”This again shows how prospective this area is,” says Geir Richardsen, head of Statoil’s exploration of infrastructure-led areas in the Norwegian Sea. The gas […]