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Business & Finance

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Geoforce Launches GPS Equipment Tracking for Offshore Oil&Gas Operations in West Africa
Business & Finance

Geoforce Launches GPS Equipment Tracking for Offshore Oil&Gas Operations in West Africa

Geoforce, Inc., one of the world’s leading providers of asset management solutions for the Oil & Gas industry, announced today the launch of GPS equipment tracking services covering offshore and onshore oil and gas operations in West Africa. Geoforce’s award-winning service combines satellite tracki

about 16 years ago
Interim Development Agreement for Inch Cape Offshore Wind Farm Project (UK)
Business & Finance

Interim Development Agreement for Inch Cape Offshore Wind Farm Project (UK)

SeaEnergy PLC is pleased to announce that its 80% subsidiary SeaEnergy Renewables Limited (SERL) has signed an Interim Development Agreement (IDA) with The Crown Estate regarding certain Inch Cape wind farm development activities. The IDA formalises the Heads of Terms agreement announced in Septembe

about 16 years ago
BG Group Discovers Light Oil in Western Tupi Area, Offshore Brazil
Business & Finance

BG Group Discovers Light Oil in Western Tupi Area, Offshore Brazil

BG Group has today confirmed that the eleventh well on the BM-S-11 concession in the Santos Basin, offshore Brazil, was successful. The well, designated as 3-BRSA-865A-RJS (3-RJS-677A) and informally known as Tupi W, was drilled at a water depth of 2 139 metres, approximately 275 kilometres off the

about 16 years ago
CGGVeritas Announces Future 2D/3D Marine Joint Venture with Petrovietnam
Business & Finance

CGGVeritas Announces Future 2D/3D Marine Joint Venture with Petrovietnam

CGGVeritas announcedthat it has signed a term sheet with Petrovietnam Technical Services Corporation (PTSC) to create a 2D/3D marine joint venture to operate 2D and 3D marine seismic vessels, primarily in Vietnamese waters. The joint venture will provide seismic data acquisition services for the oil

about 16 years ago
Green Investment Bank May be Scaled Back Says Huhne (UK)
Business & Finance

Green Investment Bank May be Scaled Back Says Huhne (UK)

Environmental bank could start as a fund owing to fears of adding to deficit, says environment secretary Chris Huhne The government’s… (u) [mappress] Source: u, December 16, 2010

about 16 years ago
TAG Oil Acquires Offshore Exploration Acreage, Taranaki Basin, New Zealand
Business & Finance

TAG Oil Acquires Offshore Exploration Acreage, Taranaki Basin, New Zealand

Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. , announced today that the Company has completed the acquisition of a 20% interest in offshore exploration Permit PEP 52181, which covers a 42,379-acre area in the main Taranaki oil and gas discovery fairway. PEP 52181, operated by a sub

about 16 years ago
MEO Australia MD Discusses Forward Strategy
Business & Finance

MEO Australia MD Discusses Forward Strategy

MEO Australia Managing Director Jürgen Hendrich Discusses Forward Strategy with Openbriefing.com: MEO Australia Limited announced this week that the Artemis-1 wildcat exploration well (WA-360-P, MEO 25%) located in the Carnarvon Basin, offshore Western Australia, failed to find gas. What are the imp

about 16 years ago
Australia: Apache-operated Van Gogh field to Restart production in January 2011
Business & Finance

Australia: Apache-operated Van Gogh field to Restart production in January 2011

The Apache-operated Van Gogh field is expected to resume production in January, subject to favorable weather conditions. Repairs to the damaged swivel seals on the Ningaloo Vision floating production, storage and offloading vessel were successfully completed. However, further inspections revealed th

about 16 years ago
USA: BG Group Appoints New Non-Executive Director
Business & Finance

USA: BG Group Appoints New Non-Executive Director

BG Group has today announced the appointment of Patrick W. Thomas as a Non-Executive Director with immediate effect. Commenting on the appointment, BG Group’s Chairman Sir Robert Wilson said: “We are delighted to announce this appointment. Patrick’s international industrial experience will be a valu

about 16 years ago
USA: Colfax Expands SmartSense Intelligent Pump Technology
Business & Finance

USA: Colfax Expands SmartSense Intelligent Pump Technology

Colfax Corporation , a global leader in fluid-handling solutions for critical applications, announced the expansion of its SmartSense™ intelligent pump monitoring line to include the new SmartSense Pulse. Measuring only 2.4 inches long, 1.6 inches wide and 1.3 inches deep, the Pulse easily fits near

about 16 years ago
Brazil: Petrobras Announces Start Up of the Production in the Pre-salt of Campos Basin
Business & Finance

Brazil: Petrobras Announces Start Up of the Production in the Pre-salt of Campos Basin

Petrobras announces the start up of the Extended Well Test (EWT) for the Carimbé reservoir, in the Campos Basin. Discovered last May, the reservoir is located 108 kilometers off the coast of Rio de Janeiro. This test, which is being carried out with well 6-CRT-43-RJS, marks the beginning of pre-salt

about 16 years ago
Norway: Statoil Stops Production from Kristin and Tyrihans Fields
Business & Finance

Norway: Statoil Stops Production from Kristin and Tyrihans Fields

In connection with a routine inspection of the Kristin platform(photo) in the Norwegian Sea at the end of last week, a high temperature was discovered on the outside of an exhaust duct on one of the gas turbines. The temperature was higher than considered acceptable and a decision was taken to stop

about 16 years ago
UK: Industry Elite Join Global Taskforce to Shape the Future of Shipping
Business & Finance

UK: Industry Elite Join Global Taskforce to Shape the Future of Shipping

An ambitious global taskforce charting a course to a sustainable future for the shipping industry received a major boost today with the announcement of six elite new members. The Sustainable Shipping Initiative (SSI) is joined by: Cargill, which runs a charter fleet of more than 300 vessels; South K

about 16 years ago
Norway: A/S Norske Shell Extends $253 Million Maintenance and Modification Contract with Aker Solutions
Business & Finance

Norway: A/S Norske Shell Extends $253 Million Maintenance and Modification Contract with Aker Solutions

A/S Norske Shell has decided to extend the maintenance and modification contract with Aker Solutions, exercising a 2 year option in the existing agreement for the Draugen (photo) and Ormen Lange fields. Work under the new option will last until December 2012. The contract value is estimated to be in

about 16 years ago
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