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Business & Finance

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Norway: Statoil Gets Green Light For Drilling in Production Licence 035
Business & Finance

Norway: Statoil Gets Green Light For Drilling in Production Licence 035

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 30/11-8 S, cf. Section 8 of the Resource Management Regulations. Well 30/11-8 S will be drilled from the drilling facility Ocean Vanguard in position 60°13’3.03” north and 2°29’22.20” east. The drilling p

about 15 years ago
Denmark: Maersk Oil Acquires Zero Emission Technology Rights
Business & Finance

Denmark: Maersk Oil Acquires Zero Emission Technology Rights

Maersk Oil, a fully owned subsidiary of A.P. Møller – Mærsk A/S, has acquired licences to Clean Energy System’s Oxy-Fuel technology that allows zero-emission power generation in combination with oil and gas projects. The Oxy-Fuel technology uses pure oxygen to combust natural gas or other fuels to p

about 15 years ago
The Netherlands: Fairstar Heavy Transport Clinches New Contract for the FJORD
Business & Finance

The Netherlands: Fairstar Heavy Transport Clinches New Contract for the FJORD

Fairstar Heavy Transport NV (FAIR) has been awarded a contract by Grinaker – LTA Construction Nigeria Ltd., Nigeria, a member of the Worley Parsons Group. The Fairstar semi-submersible vessel FJORD departed from its home port in Rotterdam on January 21 and is now sailing to a rendezvous point in the

about 15 years ago
Sweden: Lundin Petroleum Announces Capital Expenditure Budget of $540 M in 2011
Business & Finance

Sweden: Lundin Petroleum Announces Capital Expenditure Budget of $540 M in 2011

Lundin Petroleum AB announces the details of its USD 540 million development and exploration budget for 2011. The budget represents a 38 percent increase on the forecast 2010 capital expenditure. The development budget for 2011 is USD 240 million with a major focus on development activities in Norwa

about 15 years ago
Cyprus: Songa Offshore Increases the Ownership in Deepwater Driller Ltd
Business & Finance

Cyprus: Songa Offshore Increases the Ownership in Deepwater Driller Ltd

Reference is made to the press release sent out by Songa Offshore SE (the “Company”) on 24 March 2010 regarding the investment of 31,25% of the shares in Deepwater Driller Ltd (“Deepwater Driller”). Deepwater Driller owns the “Songa Eclipse”, a 6th generation Friede & Goldman ExD ultra-deepwater sem

about 15 years ago
University of Maine Announces Offshore Wind Track at the Maine Wind Energy Conference January 25
Business & Finance

University of Maine Announces Offshore Wind Track at the Maine Wind Energy Conference January 25

The University of Maine announces an exciting addition to the Maine Wind Working Group’s Maine Wind Energy Conference. Learn more about Maine’s opportunity to lead the nation in deepwater offshore wind at the Offshore Wind Track at the Augusta Civic Center on January 25. Speaker topics include the e

about 15 years ago
Ireland Falls Behind With Offshore Wind Development
Business & Finance

Ireland Falls Behind With Offshore Wind Development

The EU is powering ahead in developing offshore wind but Ireland continues to fall behind, according to the National Offshore Wind… By Sarah Kirkwood (insideireland) [mappress] Source: insideireland, January 24, 2011

about 15 years ago
Gazprom, Socar Agree to Increase Azerbaijani Gas Purchases
Business & Finance

Gazprom, Socar Agree to Increase Azerbaijani Gas Purchases

Saint Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR). The parties addressed the results of cooperation in 2010. Gazprom and SOCAR agreed that the jo

about 15 years ago
Norway: Aker Drilling Contemplating New Bond Issue
Business & Finance

Norway: Aker Drilling Contemplating New Bond Issue

Aker Drilling ASA is contemplating the issue of up to NOK 1,500 million in a new senior, unsecured bond in the Norwegian bond market with maturity in February 2016. The proceeds will be used to refinance the outstanding bond issue AKD02 with ISIN NO001057171.4, repay existing subordinated loans to A

about 15 years ago
Bright Future for Renewable Energy Despite Turbine Setback (UK)
Business & Finance

Bright Future for Renewable Energy Despite Turbine Setback (UK)

LEADING figures in the North-East renewable energy sector are remaining upbeat, in spite of the announcement that Teesside had missed out on… By Andy Richardson (thenorthernecho) [mappress] Source: thenorthernecho, January 24, 2011

about 15 years ago
United Kingdom, Scandinavia, Northern Ireland and Bulgaria Turn Green
Business & Finance

United Kingdom, Scandinavia, Northern Ireland and Bulgaria Turn Green

Remarkably, this trend precedes the February 4th summit, in which European Union leaders will meet in Hungary to discuss the continent’s… By Nicole Wong (technorati) [mappress] Source: technorati, January 24, 2011

about 15 years ago
UK: EnCore Spuds Catcher North Appraisal Well
Business & Finance

UK: EnCore Spuds Catcher North Appraisal Well

EnCore Oil plc announces that the Catcher North appraisal well 28/9-3 in Central North Sea Block 28/9 was spudded at 08.00 hours on Monday 24 January 2011. The EnCore operated well is being drilled using the Transocean Galaxy II heavy duty jack-up rig and is being managed by Applied Drilling Technol

about 15 years ago
Low-carbon Economy in 2011
Business & Finance

Low-carbon Economy in 2011

Key political decisions and legislation are in the cards for the wind energy industry this year. What exactly is in store and how might it impact the sector? The EU is due to publish its 2050 Roadmap to a Low-carbon Economy, which should show the benefits from a move to 30% greenhouse gas reductions

about 15 years ago
Low-carbon Economy in 2011
Business & Finance

Low-carbon Economy in 2011

Key political decisions and legislation are in the cards for the wind energy industry this year. What exactly is in store and how might it impact the sector? The EU is due to publish its 2050 Roadmap to a Low-carbon Economy, which should show the benefits from a move to 30% greenhouse gas reductions

about 15 years ago
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