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Business & Finance

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Australia: PTTEP at Brink of Losing Montara FPSO
Business & Finance

Australia: PTTEP at Brink of Losing Montara FPSO

The Thai state-controlled company at the centre of last year’s Timor Sea oil spill – one of Australia’s worst environmental disasters … (news) [mappress] Source: news, September 21, 2010

about 16 years ago
IADC 2010 Annual Safety Award: Avoiding the Use of a Banks – or Flagperson During Dryplant Operations
Business & Finance

IADC 2010 Annual Safety Award: Avoiding the Use of a Banks – or Flagperson During Dryplant Operations

Each year the International Association of Dredging Companies (IADC) singles out a specific project or programme amongst its members as an example of excellence in safety. This year the IADC Board is happy to announce that the 2010 Safety Award has been presented to Royal Boskalis Westminster NV. As

about 16 years ago
Norway: Contract Extention for Aker Barents
Business & Finance

Norway: Contract Extention for Aker Barents

Det norske oljeselskap ASA has signed a contract with Aker Drilling for the charter of the rig Aker Barents for the period from July 2012 to July 2014. Det norske’s current rig contracts expire in 2012. The charter for Aker Barents ensures that Det norske will have rig capacity for operations in dee

about 16 years ago
New Dredger for KGHM Polska Miedz in Poland
Business & Finance

New Dredger for KGHM Polska Miedz in Poland

IDRECO has delivered last week in corporation with the Polish company LZG Leczyca a new Dredger to KGHM Polska Miedz in Lubin, Poland. KGHM is Poland’s biggest copper producer and is using the IDRECO Dredger to dredge sand for her Coppermine’s. Idreco delivered an ISD 300e Dredger with a working cap

about 16 years ago
Norway: NPD Provides Guidelines for Exploration Licence Relinquishment
Business & Finance

Norway: NPD Provides Guidelines for Exploration Licence Relinquishment

If exploration drilling fails to prove oil or gas, or if the proven petroleum volumes are too small to warrant profitable development, then the main rule is that the area shall be relinquished to the authorities. Relinquishment takes place at the end of the initial period (the exploration period), o

about 16 years ago
Turkey: Chevron Acquires Deepwater Exploration Lease in the Black Sea
Business & Finance

Turkey: Chevron Acquires Deepwater Exploration Lease in the Black Sea

Chevron Corporation announced that its Turkish subsidiary has signed a Joint Operation Agreement with Turkey’s state oil company for an exploration license in the Black Sea. “This agreement represents a significant exploration entry into a highly prospective new basin,” said George Kirkland, vice ch

about 16 years ago
Gulf Islands Fabrication Receives LOA for Fabrication and Integration of Topsides for Deepwater GoM Project
Business & Finance

Gulf Islands Fabrication Receives LOA for Fabrication and Integration of Topsides for Deepwater GoM Project

Gulf Island Fabrication, Inc. announced , that through its subsidiary Gulf Marine Fabricators, L.P., it received a Letter of Authorization to enter into a Contract for the fabrication and integration of the topsides of a major deep-water Gulf of Mexico project. The signing of the Contract is conting

about 16 years ago
Canada: Artumas Group Changes its Name to Wentworth Resources Limited.
Business & Finance

Canada: Artumas Group Changes its Name to Wentworth Resources Limited.

Artumas Group Inc. announced that it has completed the process of changing its name to Wentworth Resources Limited. The Annual General and Special Meeting was held on September 17, 2010, at which time a motion was tabled and seconded to approve, by special resolution, the changing the name of the Co

about 16 years ago
USA: Global Industries Takes Possesion of Global 1200 Derrick/Pipelay Vessel
Business & Finance

USA: Global Industries Takes Possesion of Global 1200 Derrick/Pipelay Vessel

US based Global Industries is about to take delivery of the first of two deep-water derrick pipelay vessels from Keppel Singmarine, Singapore. The vessels are designed by Ulstein Sea of Solutions in The Netherlands. The first newbuild, the Global 1200, was named on 18 September. The vessel is in its

about 16 years ago
UK: ThinJack Marks Record Turnover
Business & Finance

UK: ThinJack Marks Record Turnover

Aberdeenshire-based ThinJack is celebrating record quarter year turnover thanks to increasing global demand for its bespoke services. Between April and June this year, ThinJack delivered sales of over £300,000 compared with just over £100,000 for the same quarter in 2009. The Westhill business is ra

about 16 years ago
South Korea to launch huge offshore wind project
Business & Finance

South Korea to launch huge offshore wind project

Following the completion of the first-stage construction of 20 test wind turbines in 2013, instead of 2012, the government will build an “experimental wind farm complex” with 200 five-megawatt wind turbines.

about 16 years ago
South Korea to launch huge offshore wind project
Business & Finance

South Korea to launch huge offshore wind project

Following the completion of the first-stage construction of 20 test wind turbines in 2013, instead of 2012, the government will build an “experimental wind farm complex” with 200 five-megawatt wind turbines.

about 16 years ago
Norway: Bjorge to Split into Two Oil & Gas Service Companies
Business & Finance

Norway: Bjorge to Split into Two Oil & Gas Service Companies

Bjørge ASA will reorganize into two independent companies, with its process, fire and safety solutions divisions demerged into a separate company. The split will create two focused operations capitalizing on established market positions within the service sectors of the oil and gas industry. The two

about 16 years ago
Incat Crowther to Design Two 30M Monohull Crewboats for Service in Nigeria
Business & Finance

Incat Crowther to Design Two 30M Monohull Crewboats for Service in Nigeria

Incat Crowther announced a contract to design two 30m aluminium monohull crewboats for service in Nigeria. Incat Crowther’s brief is to design vessels that are easy to construct and robust in operation, with simple systems; in line with the demands of the region. To be built by Cape Town-based Veecr

about 16 years ago
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