Search results for: Development Plan

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  • 11 June 2010
    Business & Finance

    Today, the outgoing Economic Affairs Minister Van der Hoeven granted funding of €19.5 million for the Far and Large Offshore Wind (FLOW) innovation project. The subsidy matches the same level of funding previously announced by the companies in the FLOW consortium. The budget will be spent on the first phase of the FLOW project. This […]

  • 10 June 2010

    Emerson Process Management, a global business of Emerson has opened the state-of-the-art Emerson Innovation Center – Fisher Technology in Marshalltown, Iowa, US. This US$30 million investment is designed to help customers tackle the toughest engineering challenges facing today’s process manufacturing and energy industries. The world’s appetite for energy is driving the development of next-generation nuclear […]

  • 10 June 2010

    Keppel takes another stride towards a zero-incident workplace with the opening of its new integrated safety training facility, the Keppel Safety Training Centre. Located at Keppel Shipyard in Tuas, the Centre offers a complete range of safety training and certification courses in both trade-specific and broad-based skills for its workforce across all levels. The Training […]

  • 10 June 2010
    Project & Tenders

    Atkins, the UK’s largest engineering design consultancy, has been awarded a £7.7m contract to oversee the design and construction of a new £500m liquefied natural gas (LNG) plant by Polskie LNG in Swinoujscie, Poland. The facility is the first such installation in central Europe. Atkins has been selected to carry out the role of Investor’s […]

  • 9 June 2010
    Business & Finance

    Team Developing 5 MW Wind Turbine for Rapidly Growing Global Offshore Market, HHI to Begin 5 MW Wind Turbine Production for the Offshore Market in 2011 DEVENS, Mass., U.S. and ULSAN, South Korea – June 9, 2010 – American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, and South Korea-based Hyundai Heavy Industries Co., […]

  • 8 June 2010

    Kairiki Energy Limited (“Kairiki”) has been advised by Nido Petroleum Limited, the Operator of SC54A, that an extensive drill-stem testing programme (DST) has now been completed on the Tindalo-1 well with a maximum oil flow rate measured of 18,689 bbls/d, surpassing Kairiki‟s pre-test flow rate expectations. Tindalo production commenced on 6th June at an approximate […]

  • 8 June 2010
    Business & Finance

    Northern Petroleum Plc, an independent oil and gas exploration, development and production company announces its audited results for the year ended 31 December 2009. Highlights: Operational: * At 31 December 2009 the Company had 102.9 million barrels of oil equivalence of net proven and probable reserves, representing an increase of 34.6% from the 76.4 barrels […]

  • 8 June 2010

    BP  provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea Source Control and Containment The lower marine riser package (LMRP) containment cap, installed on June 3, continues to collect oil and gas flowing from the well and transport them to the Discoverer Enterprise drillship […]

  • 7 June 2010
    Business & Finance

    Lupatech S.A.,leading manufacturer of industrial valves in Mercosur, producer of equipment for the oil and gas sector and leader in Latin America in anti-corrosion systems for pipelines, announces it has signed two new contracts with Petroleo Brasileiro SA (Petrobras), with the approximated value of US$779 million (R$1.45 billion, as per the exchange rate of R$1.8654 […]

  • 7 June 2010

    “As the first production plant for LNG in Europe and in Arctic areas, Snøhvit has taken a new and central position for Statoil in the European gas supply picture,” says chief executive Helge Lund. ”At the same time the plant at Melkøya is a great industrial adventure,” underlined Lund at an industrial seminar in Hammerfest […]

  • 4 June 2010

    EnCore Oil plc. provides an update on the Catcher exploration well located in UK Central North Sea block 28/9. The 28/9-1 well was drilled to a TD of 5,219 ft Measured Depth (M.D.) having successfully encountered excellent quality oil bearing reservoir sandstones at 4,600ft at the target Cromarty Sandstone level. A potential oil water contact […]

  • 4 June 2010

    Cheniere Energy Partners, L.P. (“Cheniere”) (NYSE Amex: CQP), a subsidiary of Cheniere Energy, Inc. (NYSE Amex: LNG), announced today that its general partner’s Board of Directors has approved the initiation of a project to add liquefaction services at the Sabine Pass LNG receiving terminal in Cameron Parish, Louisiana. Adding liquefaction capabilities would transform the Sabine […]

  • 3 June 2010
    Business & Finance

    Noble Energy, Inc. (NYSE: NBL) announced today the highlights of its 2010 analyst meeting with senior management to be held June 3 in Houston, Texas. Â Key highlights from the meeting include: — Projected annual production growth of 10 percent compounded annually over the next five years, leading to 350 thousand barrels of oil equivalent […]

  • 1 June 2010
    Business & Finance, Equipment, Technology, Vessels

    On Wednesday May 26, 2010, the cutter suction dredger ‘Ibn Battuta’ was delivered to its owner, on the shipyard Uljanik Brodogradiliste d.d. in Pula (Croatia). The ‘Ibn Battuta’ is the first of four large self-propelled cutter suction dredgers built at the Pula shipyard. Earlier this year, the identical sister vessel, the ‘Zheng He’, was launched […]

  • 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 […]