Business & Finance
10 Years of RWE Dea UK
RWE Dea UK celebrates its 10 year anniversary: Looking back on a decade of successful exploration and production of natural gas in the United Kingdom. The company also expects significant growth in the next years. RWE Dea UK Holdings Ltd has been the operating subsidiary of RWE Dea AG since 2002 and
Russia: Eni and Gazprom Discuss Implementation of South Stream Gas Pipeline
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties discussed current issues and prospects for further cooperation in the energy sector. Particular attention was p
Russia: Gazprom, Eni CEOs Discuss Future Cooperation Prospects
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties discussed current issues and prospects for further cooperation in the energy sector. Particular attention was p
France: CGGVeritas Names New Senior Executive Vice-Presidents
Following Jean-Georges Malcor, CEO, proposal, the Board of directors appointed Stéphane-Paul Frydman and Pascal Rouiller as CGGVeritas Senior Executive Vice-Presidents. Stéphane-Paul Frydman will assist the CEO and head Strategy, Legal and Investor Relations departments. He will also continue his ex
Kosmos to Splash USD 600 mln on Exploration and Development in Ghana
Kosmos Energy, announced today its 2012 organic capital program, which totals approximately $600 million. Exploration and appraisal activities represent approximately 55 percent of the amount, with development comprising the remaining 45 percent. Over 90 percent of the 2012 program is anticipated to
Singapore: Ezra Prepares for Subsea Sector Growth
Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, has sold 60 million shares in SGX-listed Ezion Holdings Limited (Ezion) as part of its capital allocation strategy. This divestment will strengthen Ezra’s cash
Brazil: Petrobras Breaks Gas Use Record
The use of the natural gas produced in association with oil production at Petrobras platforms set a record of 89.2% in 2011. If combined with the output from fields that produce gas only, this figure reaches the high mark of 92%, the Company’s total gas production record. This is the best result Pet
WSS Extends Capabilities in South America
Wilhelmsen Ships Service (WSS) is firmly establishing itself as a major force within South America, as it extends its’ reach amid predictions that industry growth will focus on the cruise and offshore sectors. Prior to this month’s Cruise Shipping Miami, Area Director Henrique Schlaepfer said: “Sout
New Zealand: Port of Tauranga Invests in Container Terminal
Port of Tauranga is to buy a seventh ship-to-shore gantry crane for its Sulphur Point fleet to handle the growing container volumes at the Port. The Port will also expand its fleet of straddle carriers and increase the capacity of its rail terminal at Sulphur Point as it is increasingly used as a hu
Australia: Tap Taps into Tallaganda
Tap Oil Limited (Tap) advises that at 0900 hours (AWST) today the Atwood Eagle semi-submersible drilling rig commenced drilling the Tallaganda-1 exploration well in the WA-351-P permit. The Tallaganda-1 prospect straddles both the WA-351-P and WA-335-P permits in the Carnarvon Basin, offshore Wester
Greece: Danaos Corporation Takes Delivery of One More Newly Built Containership
Danaos Corporation , international owner of containerships, announced that on February 28, 2012, it took delivery of one more newly built containership, the CMA CGM MELISANDE, expanding its operational fleet to a total of 61 containerships aggregating 312,779 TEU. The CMA CGM MELISANDE, built at Sha
UK: Hydratight Reveals Upgraded Emergency Pipeline Repair System
Hydratight has launched an updated Emergency Pipeline Repair System to offer better disaster planning and contingency services to operators and contractors. Following the dramatic reaction to the Gulf disaster in early 2011, ever-increasing demands are being placed on oil and gas operators to provid
UK: Wello’s Penguin Wave Energy Converter Ready for Deployment at EMEC
Finnish renewable technology developer, Wello Ltd, has announced that its Penguin wave energy converter is ready for full-scale deployment at the European Marine Energy Centre (EMEC) in Orkney, following successful testing. Wello’s 0.5 MW Penguin device, which produces sustainable power through wave
Singapore: Severn Trent De Nora to Supply BALPURE for EMAS’ Pipelay Vessel
The Type-Approved BALPURE® ballast water treatment system from Severn Trent De Nora has been selected for use by EMAS on the “Lewek Constellation”, a 22,000-dwt ultra deep water rigid & flexible pipelay / heavy lift / construction vessel DP3. The “Lewek Constellation” is being built in Vung Tau, Vie