Business & Finance
Indonesia: Inpex Completes Transfer of Interest in Masela Block
INPEX CORPORATION (INPEX) announces that its affiliate INPEX Masela, Ltd. and Shell Upstream Overseas Services Limited have completed the necessary procedures for the transfer of a 30% participating interest in the Masela Block, the Arafura Sea, Indonesia (Abadi project), where INPEX Masela is the o
NOF Energy Celebrates Stars of Industry at its Annual Awards and Dinner in UK
NOF Energy, the UK business development organisation for oil, gas, nuclear and offshore renewables sectors, has celebrated the stars of the industry at its Annual Awards and Dinner. Hosted by TV presenter, Wendy Gibson, the event at the Hardwick Hall Hotel in Sedgefield, County Durham showcased some
Malaysia: Benalec Holdings Forays into Land Reclamation Works at Johor
Low profile marine engineering specialist Benalec Holdings has raised eyebrows with its foray into land reclamation works at the southern … (tankstoragemag) [mappress] Source: tankstoragemag, December 9, 2011;
Norway: NPD Announces Oil Discovery East of Ula Field
Centrica, operator of production licence 405, has completed the drilling of wildcat well 8/10-4 S and appraisal well 8/10-4 A. The wells were drilled about 13 kilometres east of the Ula field in the southern part of the North Sea. Well 8/10-4 S encountered oil in a 55-metre gross column in the Ula f
Nigeria: Minister of Transport Restates Government’s Investment in Dredging of Lower Niger
Minister of Transport, Senator Idris Umar adopted the Public Private Partnership (PPP) framework for enabling the private sector to invest in the transportation sector. At the 11th National Council of Transport in Uyo, Akwa Ibom state, the Minister restated the Government’s enormous investment in dr
USA: ASME Donates USD 1.25 Million to Support UH Subsea Engineering and Petroleum Technology
The Petroleum Division of ASME (American Society of Mechanical Engineers) is donating $1.25 million to the University of Houston to support engineering and petroleum technology initiatives at the university. A $1 million gift will be used to establish the ASME Petroleum Division Endowed Chair in Sub
MIT Prepares for Post-Panamaxes Transiting the Panama Canal
Manzanillo International Terminal, a joint venture with the Seattle group CARRIX and Panamanian investors, is intending to increase capacity to 4M teu as preparation for the post-Panamaxes transiting the Panama Canal after 2014. This development will cost $250M. MIT has also anticipated to move 1.8M
USA: M3 Wave Energy Systems Seeks Funds for its Undersea Device
Corvallis-based M3 Wave Energy Systems debuted its power-generating technology last week at the Hinsdale Wave Research Laboratory at Oregon… (sustainablebusinessoregon) [mappress] Source: sustainablebusinessoregon , December 09, 2011; Image: M3 Wave Energy
USA: Dresser-Rand Acquires Synchrony Inc.
Dresser-Rand Group Inc. , a global supplier of rotating equipment and aftermarket parts and services, has signed a definitive agreement to acquire Synchrony, Inc. The transaction is expected to close in January 2012. Synchrony is a technology development company with a portfolio of world-class techn
USA: Halliburton Responds to Court Filings by BP
Halliburton responded to court filings by BP saying: BP recently filed a motion for sanctions against Halliburton alleging that Halliburton destroyed evidence relating to post-incident testing of the foam cement slurry. BP has been aware of post-incident tests for some time, but has chosen this late
Norway: Maersk Drilling Receives LoA for Jack-Up Rig XL Enhanced 2
Maersk Drilling has received a Letter of Award from Det norske oljeseskap ASA on behalf of the Draupne license for the ultra harsh environment jack-up rig, XL Enhanced 2, presently under construction in Singapore. The rig will be used for development drilling on the Draupne field located in the Norw
USA: Douglas County Delays Vote on Permit for Sand-Dredging Operation near Eurora
After close to five hours of discussion, the Douglas County Commission postponed a vote on a conditional use permit sought for a sand… By Aaron Couch (ljworld) [mappress] Source: ljworld, December 9, 2011;
Brazil: Geotek MSCL Performs Geotechnical Survey for Petrobras in Cooperation with Fugro
Geotek personnel offshore Brazil are using the Geotek MSCL-S to analyze Jumbo Piston Cores being taken by Fugro-McClelland Marine Geosciences. They are working onboard the Drilling Vessel Fugro Explorer, which is on a two-year mission to perform geotechnical investigations for Petrobras. The MSCL-S
The Netherlands: Deepwater Adds ERIKS as Exclusive Distributor of its Products, Attends Technivent
Deepwater Corrosion Services has appointed ERIKS bv as the exclusive distributor for its I-Rod brand pipe-support products in the Benelux Region, which encompasses Belgium, the Netherlands and Luxembourg. ERIKS bv is a major supplier of valves, hoses, seals, plastic piping, instrumentation and a wid