Business & Finance
Tanzania: Cove Unloads Mnazi Bay Stake
Wentworth Resources Limited has reached an agreement with Cove Energy plc to acquire its 100% owned subsidiary, Cove Energy Tanzania Mnazi Bay Limited (“Cove Tanzania”). Cove Tanzania holds a 16.38% participation interest in the production operations (20.475% participating interest in exploration op
The Netherlands: CEDA Invites Experts to Join WEGUS
The Expert Group is a follow up of the work by the CEDA Working Group that produced the very well received position paper on Underwater Sound. The WODA Expert Group will composed of members from CEDA, EADA and WEDA. CEDA Members are invited to express interest in joining WEGUS. Expertise required is
New Logistics Port on Sir Bani Yas Island, UAE
ADPC in coordination with Tourism Development & Investment Company (TDIC), has unveiled a new logistics port facility located on Sir Bani Yas Island in the Western Region. An opening ceremony was held on site this week in the presence of Tony Douglas, Chief Executive Officer at ADPC, Captain Mohamed
Indonesia: Nordic Maritime Receives Contract for 2D Seismic Survey
Nordic Maritime Pte Ltd, in collaboration with PT Elnusa TBK, has been awarded the provision… (Nordic Maritime) [mappress] Source: Nordic Maritime , January 30, 2012; Image: Nordic Maritime
Petronas Contracts Nordic Maritime for Seismic Survey Offshore Indonesia
Nordic Maritime Pte Ltd, in collaboration with PT Elnusa TBK, has recently been awarded the provision of marine seismic data acquisition & processing services for West Glagah Kambuna Block, Offshore North Sumatra –Indonesia, from PETRONAS Carigali (West Glagah Kambuna) LTD (“PCL”) on 13th January 20
Russian Navy Hydrographic Service to Commission New Large Hydrographic Boat
In 2012, Russian Navy Hydrographic Service will receive a new Project 19920 large-size hydrographic boat. Two boats of that project are already in service at Caspian Flotilla and Pacific Fleet. The third vessel is planned to join Northern Fleet. Boat of that kind is designed for hydrographic and buo
Norway: Centrica Buys More into Statfjord
Centrica plc, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of $223 million (£142 million), including $103 million (£66 millio
Japan: Eco Marine Power Presents Aquarius Eco Ship Concept
Eco Marine Power Co. Ltd. (EMP) today unveiled a concept ship design incorporating its Aquarius Marine Renewable Energy (MRE) System. This concept design is called the Aquarius Eco Ship and is part of Eco Marine Power’s ongoing development efforts aimed at moving shipping towards a more sustainable
Norway: Statoil Increases Gas Reserves Estimate at Snøhvit Field
Statoil and its partners on the Snøhvit field have increased the reserves estimate by 20 billion standard cubic metres of gas. Production experience from the field has proven that it is possible to produce more gas from the reservoirs than previously assumed. The adjustment corresponds to an increas
UK: Pelamis Wave Power Celebrates Fourteenth Anniversary
Pelamis Wave Power is celebrating fourteenth anniversary, and some fantastic achievements and world firsts during those fourteen years, including: • The world’s first export of electricity from an offshore wave energy converter to an onshore grid network • Supply and commissioning of the world’s fir
Norway: Statoil Ups Snohvit Gas Reserves Estimate
Statoil and its partners on the Snøhvit field have increased the reserves estimate by 20 billion standard cubic metres of gas. Production experience from the field has proven that it is possible to produce more gas from the reservoirs than previously assumed. The adjustment corresponds to an increas
China: Nantong COSCO Heavy, Remazel Sign Cooperation Agreement
The signing ceremony of cooperative agreement between Nantong COSCO Heavy Industry Co.,Ltd. (CHIC) and Italy Remazel Co. was held on January 17 in Shanghai. Representatives of both sides witnessed the signing of the agreement. Mr. Wang Zhihua, General Manager of Nantong COSCO Heavy Industry Co.,Ltd.
UAE: Abu Dhabi Hosts International Sea Ports and Maritime Trade Summit
With ports and sea freight in the Middle East expanding and regional shipping lines facing unprecedented challenges, leaders in international business and government will meet at the Abu Dhabi National Exhibition Centre (ADNEC) from April 2 to 4 for the World Ports and Trade Summit 2012. Over 4,000
USA: Chevron Reports Fourth Quarter Net Income of USD 5.1 Billion
Chevron Corporation reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter. Full-year 2011 earnings were $26.9 billion ($13.44 per share – diluted), up 41 percent from $19.0 billion