The Crown Estate has reported an increase in investment in Scotland despite the gross surplus from their operations in Scotland falling. Their profit each year is sent to the Treasury for the benefit of the public as a whole, and they continue to invest in the long-term development of their property
Petrobras’ CFO and Investor Relations officer, Almir Guilherme Barbassa, was named the 2010 CFO of the Year in Brazil, in the Expansion category. The award was granted by Latin Trade, the premier pan-regional business publication in Latin America and the Caribbean for 18 years. The CFO of the Year A
When the Rhode Island Supreme Court issued a ruling earlier this month upholding a long-term contract for the sale of power from Deepwater Wind’s proposed wind farm off Block Island, it was a green light for the company to resume work on the project. As the case dragged on for nearly a year, with th
The Board of Directors of Eni established the Nomination Committee, led by the Chairman of the Board of Directors, Giuseppe Recchi, and composed by the Chairmen of the other Board Committees: Alessandro Lorenzi (Chairman of the Internal Control Committee) Alessandro Profumo (Chairman of the Oil-Gas
Right now the installation activities for Walney 2 are booming. Crane barges, jack-up vessels and tugs are working out of ports in the East Irish Sea area, primarily out of the ports of Barrow and Mostyn. On 39 of the 51 monopile positions, a transition piece has already been installed, and the last
Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries reported net income of $148.0 million, or $0.59 per diluted share, for the quarter ended June 30, 2011, compared with net income of $129.2 million, or $0.52 per diluted share, fo
Representatives of Brodosplit Shipyard and foreign shipping company executed on July 27th 2011, Letter of intent for the construction of two ships intended for the maintenance of facilities on the open sea, with the option for two more. This is type of ship from the “off-shore” program of high compl
The Gowind offshore patrol boat L’Adroit began its first sea trials on Wednesday 27 July for DCNS to validate the seakeeping and other nautical qualities of the vessel. These initial sea trials mark the beginning of the next phase of the ambitious Gowind OPV programme, which spearheads DCNS’s effort
Amendments to IMO’s MARPOL Convention for the prevention of pollution from ships enter into force on 1 August 2011, banning heavy fuel oil from the Antarctic and creating a new North American Emission Control Area (ECA). Use or carriage of oil in Antarctic Area A new MARPOL regulation to protect the
Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Storm Don. The Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE) Hurricane Response Team is monitoring the operators’ activities. The team will be activated and contin
Excel Maritime Carriers Ltd (NYSE: EXM) (“Excel”), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, announced today its operating and financial results for the second quarter and six month period ended June 3
Coastal Energy Company (the “Company” or “Coastal”) announces the successful results of the first exploration well drilled at Songkhla H and the results of initial production testing on the Bua Ban North B-06 and B-08 wells. The Songkhla H-01 well was drilled to a total depth of 9,256 feet TVD and e
Polar Supply and Research Vessel ordered by the South African Department of Environmental Affairs was named and launched at STX Finland Oy’s Rauma shipyard. NB 1369 was named to S.A. Agulhas II by Director General Mrs Noshipho Ngcaba from the South African Department of Environmental Affairs. The ev
Noble Energy, Inc. reported today second quarter 2011 net income of $294 million, or $1.61 per share diluted, on revenues of $954 million. The Company’s second quarter 2010 net income was $204 million, or $1.10 per share diluted, on revenues of $751 million. Net income for the second quarter 2011 in
