Search results for: bamboo-1

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  • 8 April 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Sterling Energy Plc provided an update for the Ntem Concession, offshore Cameroon. Bamboo-1, the first exploration well to be drilled on the Ntem Concession commenced operations on 9 February 2014 and Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), the operator with 50% working interest, has confirmed that the well, located in 1,600 m of water, […]

  • 10 February 2014

    Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), has started drilling operations on the Bamboo-1 well using the Ocean Confidence, a fifth generation semi-submersible drilling rig. The news has been reported by Sterling Energy Plc, a partner in the field. The well, located approximately 56 kilometres from the coast of Cameroon, has an estimated target depth […]

  • 8 April 2014

     Sterling Energy Plc has informed that no oil has been found at the Ntem Concession well, offshore Cameroon. Bamboo-1, the first exploration well to be drilled on the Ntem Concession started operations on 9 February 2014 and Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), the operator with 50% working interest, has confirmed that the well, […]

  • 10 February 2014
    Business & Finance, Operations & Maintenance

    Sterling Energy Plc, the AIM listed oil & gas exploration and production company provides update for the Ntem Concession, offshore Cameroon. The operator, Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), has confirmed that drilling operations have commenced on the Bamboo-1 well using the Ocean Confidence, a fifth generation semi-submersible drilling rig. The well, located approximately […]

  • 17 February 2015

    Sterling Energy Plc will acquire a 50% interest and operatorship of an offshore Cameroon concession from Murphy Cameroon Ntem Oil Co. Sterling has explained that no consideration is payable for the transfer of Murphy’s interest in the Ntem concession. Completion of the transaction remains subject to Cameroon Ministerial approval. Following completion, the Ntem Concession will be […]

  • 23 January 2014

    Sterling Energy Plc has announced it has agreed with its partners in the Ntem Concession, offshore Cameroon to lift force majeure and proceed with exploration.   The Ntem Concession has been under force majeure since June 2005 as a result of overlapping maritime border claims by the Republic of Cameroon and the Republic of Equatorial […]

  • 9 April 2015
    Business & Finance, Project & Tenders

    Murphy Cameroon Ntem Oil Co., Ltd (Murphy) will transfer its 50% interest in, and operatorship of, the Ntem Concession, offshore Cameroon to Sterling Energy’s subsidiary Sterling Cameroon Limited (Sterling). Ministerial approval of the Transaction has now been granted and will, in due course, be formally ratified by way of Presidential decree, Sterling Energy said in the press statement. Under […]

  • 23 April 2015
    Project & Tenders

    Sterling Energy has received notice from Société Nationale des Hydrocarbures (SNH) that the First Renewal Period of the Ntem Concession, offshore Cameroon, has expired on April 22, 2015 and that the Ntem Concession has lapsed. However, according to Sterling, the First Renewal Period has not expired. Namely, after drilling the Bamboo-1 well, an assessment of remaining prospectivity of […]

  • 14 April 2014

    CCCC First Harbor Engineering Co., Ltd. has recently won the bid for the soft foundation treatment of the reclamation area of Dachanwan port zone in Shenzhen, with a construction period of 1,461 days. Located in the east of Phase 1 terminal of Dachanwan port zone in Xixiang Town, Baoan District, Shenzhen, with a foundation treatment […]

  • 2 August 2017

    After months of preparations, Hyperdynamics is finally set to spud the Fatala-1 exploration well in its concession offshore Guinea. The oil company has informed that the Pacific Scirocco deep water drillship has reached its target drilling location 165 kilometers offshore the Republic of Guinea in Northwest Africa and is making final preparations to spud the Fatala-1 well later this week. The […]

  • 17 July 2017

    Hyperdynamics and its partner South Atlantic Petroleum will be given two years for appraisal work in the event of an oil discovery in the Fatala-1 well, offshore Guinea. Hyperdynamics said that the letter granting the assurance for the two-year appraisal period was signed by the Director of ONAP (Guinean equivalent of the Ministry of Oil) […]

  • 27 June 2017
    Exploration & Production, Project & Tenders

    Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) are proceeding with the preparation to spud the Fatala-1 well off Guinea with an estimated spud date by the end of next month.  In late May, Pacific Drilling-owned drillship Pacific Scirocco entered Guinea shelf waters. The contract for the drillship was amended, stipulating the […]

  • 18 July 2017

    Hyperdynamics Corporation, soon to spud its 650 mboe Fatala prospect in Guinea, has reminded owners of its of its common stock to submit their vote on a company proposal that would authorize its board of directors at its discretion to implement a reverse stock split. The company is working to get the approval in order […]

  • 1 July 2014
    Business & Finance

    The Department of Environment and Natural Resources (DENR) has submitted a proposal for a P32.1-million budget for ambient air and water quality monitoring and clean-up of the Iloilo River and its tributary Calajunan and Dungon creeks. Submitted to the Iloilo-Batiano River Development Council chaired by Ilonggo Senator Franklin M. Drilon and Iloilo City Mayor Jed […]

  • 6 May 2013
    Business & Finance

    DP World is the winner of the prestigious Golden Peacock Award for Business Excellence for 2013 for its professionalism and quality operations across its five marine terminals in India. The annual award was presented at a ceremony in Dubai in recognition of DP World’s business practices in India. It marks the third year running that […]

  • 6 May 2013
    Business & Finance, Equipment, Technology

    DP World is the winner of the prestigious Golden Peacock Award for Business Excellence for 2013 for its professionalism and quality operations across its five marine terminals in India. The annual award was presented at a ceremony in Dubai in recognition of DP World’s business practices in India. It marks the third year running that […]

  • 13 March 2013
    Business & Finance

    To mark a week celebrating sustainable development initiatives in France, CMA CGM, the world’s third largest container shipping company and number one in France, reaffirms its long standing commitment to global environmental policy defined by Jacques R. Saadé, Chairman and Chief Executive Officer of the CMA CGM Group. The battle against climate change, the preservation […]

  • 20 March 2013
    Business & Finance

    Maersk Line’s 2012 Sustainability Progress Update shows strong progress on CO2 performance and container sustainability. Challenges remain on workplace safety. There is especially one result that stands out in Maersk Line’s 2012 Sustainability Progress Update: “Maersk Line’s energy efficiency improvements in 2012 have led to a remarkable achievement which we are very proud of – […]

  • 8 July 2013
    Business & Finance, Operations & Maintenance

    Naval Forces Southern Luzon participated in the two day Underwater Clean up to save the reefs of the coastal areas off Albay Gulf, accumulating destructive species like crown of thorns (Cots), a breed of starfish that destroys corals and other waste last 26 -27 June 2013 in celebration of Environmental Month. Using Bamboo sticks and […]

  • 26 June 2014

    Wind energy now forms a vital part of the economy in many global regions and is expanding into new arenas. The Chinese market is strong, the US is recovering and with emerging nations now increasingly adopting renewable energy solutions, global growth is predicted to continue at a steady rate with doubling of installations from 2013 […]

  • 23 May 2011
    Business & Finance

    Today, Maersk Line announced a new policy to refrain from purchasing containers with floors made of uncertified tropical hardwood. “Illegal logging is widely recognised as a serious threat to forests, people and wildlife. We feel obligated to use our purchasing power to push for higher standards and ensure that the timber we use for container […]

  • 14 September 2011
    Business & Finance

    Samskip Multimodal Container Logistics recently bought 500 brand new 45 ft Samskip containers, which will all be in the fleet by the end of the year, replacing most 10-year old whitewood flooring containers. With eye on the future and in line with environmental friendly approach to transport, Samskip is proud to use lightweight bamboo flooring […]