TNK-BP said recently that the Vietnamese Ministry of Investment and Trade has granted TNK Vietnam, the Vietnam-based subsidiary of TNK-BP Group, the investment license to operate offshore gas Block 06.1, part of the Nam Con Son Integrated Gas to Power Project. TNK-BP has acquired from BP a 35% stake
CGX Energy Inc. announced that it has closed its previously announced offering of common shares at $0.70 per share (the “Offering”). Pursuant to the Offering, CGX has issued 131,445,000 common shares (the “Common Shares”) of the Company for gross proceeds of $92,011,500 which included the full exerc
Mitsubishi Corp has bought a 10 percent interest in a petroleum gas exploration project in Liberia from Anadarko Petroleum Corp as the Japan… Reporting by Vaishnavi Bala (Reuters) [mappress] Source: Reuters, October 21, 2011;
Contractors need a robust organisation, clear roles and responsibilities, a willingness to learn and continuous improvement to help improve safety in the petroleum sector. That message emerged from a one-day seminar staged by the Petroleum Safety Authority Norway (PSA) on this subject, which include
According to initial calculations, REpower Systems SE generated revenues of EUR 626.1 million in the first half of fis-cal year 2011/12 (1 April 2011 – 30 September 2011) – compared to EUR 499.0 million in the same period of the previous year. This corresponds to an increase of more than 25 percent.
According to initial calculations, REpower Systems SE generated revenues of EUR 626.1 million in the first half of fis-cal year 2011/12 (1 April 2011 – 30 September 2011) – compared to EUR 499.0 million in the same period of the previous year. This corresponds to an increase of more than 25 percent.
The European Investment Bank (EIB) has granted a EUR 150 million loan to Wärtsilä to finance the company’s research, development and innovation activities in several European countries. Wärtsilä will invest the funds during 2011-2012 in research activities aimed at further developing the company’s e
Dril-Quip, Inc. announced that J. Mike Walker has retired and is stepping down from his positions as Chairman of the Board and Chief Executive Officer and as a member of the Board effective immediately. As a result of Mr. Walker’s retirement, the board of directors has appointed John V. Lovoi as C
Diamond Offshore Drilling, Inc. yesterday reported net income for the third quarter of 2011 of $256.9 million, or $1.85 per share on a diluted basis, compared with net income of $198.5 million, or $1.43 per share on a diluted basis, in the same period a year earlier. Revenues in the third quarter of
NOAA has selected Oregon State University (OSU) to continue a federal/academic research partnership that extends NOAA’s ability to study marine resources in the Pacific Northwest. The award means that NOAA will continue funding the Cooperative Institute for Marine Resource Studies (CIMRS), which was
Dril-Quip, Inc. yesterday announced that J. Mike Walker has retired and is stepping down from his positions as Chairman of the Board and Chief Executive Officer and as a member of the Board effective immediately. As a result of Mr. Walker’s retirement, the board of directors has appointed John V.
On the morning of Oct. 21st, 2011, the Delivery Ceremony of COSLINNOVATOR was successfully held in Yantai. It is the second deep water semi-submersible drilling platform built by Yantai CIMC Raffles Offshore Ltd. (hereafter refers to CIMC Raffles) for COSL Drilling Europe AS (hereafter refers to CDE
Norwegian Energy Company (Noreco) has entered into an agreement to sell its 20 percent share of license PL435 on Haltenbanken to OMV (Norge) AS. License PL435 contains the gas discovery Zidane-1 which was made in 2010. This discovery is estimated to contain between 5 and 18 billion standard cubic me
BlueView Technologies has been commissioned to develop the first full ocean depth (11,000 meters), multibeam imaging sonar systems for historic exploration projects by Virgin Oceanic and film director, National Geographic Explorer in Residence James Cameron (Avatar). The new imaging sonar systems wi
