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Business & Finance

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Stavanger: Sevan Marine*s Arne Smedal Wins the ONS 2010 Special Innovation Award
Business & Finance

Stavanger: Sevan Marine*s Arne Smedal Wins the ONS 2010 Special Innovation Award

At the offshore conference (‘ONS’) in Stavanger on August, 25, 2010, Arne Smedal was awarded the ONS 2010 Special Innovation Award. The ONS award committee stated: ‘This year the award goes to Arne Smedal, founder and Board Chair at Sevan Marine ASA for his excellent research-based innovative work o

about 16 years ago
Damen Signs Contract for Start of Construction on New Shipbuilding Facility in Haiphong (Vietnam)
Business & Finance

Damen Signs Contract for Start of Construction on New Shipbuilding Facility in Haiphong (Vietnam)

On 19 August 2010 the signing ceremony for the start of construction of the new shipbuilding facility of Damen Vinashin Shipyard in Haiphong, Vietnam took place in the head offices of the Vietnam Shipbuilding Industry Group (Vinashin) in Hanoi. Mr Nguyen Duy Hung, Vice Operations Director of Song Ca

about 16 years ago
UK: Ensco plc Gets Possession of ENSCO 69 Jackup Rig
Business & Finance

UK: Ensco plc Gets Possession of ENSCO 69 Jackup Rig

Ensco plc reported today that it is now in possession of ENSCO 69, a jackup drilling rig that was reclassified as discontinued operations in second quarter 2009. As previously reported, Ensco terminated its contract for the rig with Petrosucre (a subsidiary of the Venezuela national oil company PDVS

about 16 years ago
Governor Deval Patrick and U.S. Representative Barney Frank join TPI Composites to Announce Plans for Wind Blade Innovation Center in Fall River, Massachusetts (USA)
Business & Finance

Governor Deval Patrick and U.S. Representative Barney Frank join TPI Composites to Announce Plans for Wind Blade Innovation Center in Fall River, Massachusetts (USA)

TPI Composites, Inc., a leading global supplier of wind turbine blades, today announced plans to open a wind blade innovation center in Fall River, Massachusetts that will support TPI’s manufacturing facilities around the world. The Fall River plant will serve as a center for development of advanced

about 16 years ago
Natural Power opens new office in Inverness (UK)
Business & Finance

Natural Power opens new office in Inverness (UK)

Leading renewable energy consultancy Natural Power has opened a new office in Inverness, Scotland, offering ecology and construction services locally to projects in the Highlands. The site is situated in the Dochfour Estate to the west of Inverness. In addition to the ecology team it will provide a

about 16 years ago
UK: Tullow Announces Strong First Half Results and Exploration Success at Owo-1
Business & Finance

UK: Tullow Announces Strong First Half Results and Exploration Success at Owo-1

Tullow Oil plc (Tullow), the independent oil and gas exploration and production Group, announces its half-yearly results for the six months ended 30 June 2010. These results are presented in US Dollars, the Group’s presentational currency with effect from 1 January 2010. 2010 Half-yearly results sum

about 16 years ago
UK: Salamander Energy Increases Daily Production to 20000 boepd; 1H 2010 Results
Business & Finance

UK: Salamander Energy Increases Daily Production to 20000 boepd; 1H 2010 Results

Salamander Energy, an independent upstream oil and gas exploration and production company focused on Asia, announces its half year results for the six months ended 30 June 2010. HIGHLIGHTS FINANCIAL * Revenue up by 73% to $133.5 million (1H’09: $77.2 million) * Operating cashflow up by 56% to $63.2

about 16 years ago
UK energy minister Charles Hendry signs a joint ministerial statement with Norwegian energy minister
Business & Finance

UK energy minister Charles Hendry signs a joint ministerial statement with Norwegian energy minister

Energy ministers from the UK and Norway have today (August 25) signed a joint ministerial statement pledging to encourage the wind energy… (newenergyfocus) [mappress] Source: newenergyfocus, August 26, 2010;

about 16 years ago
Total E&P Norge AS Gets a Drilling Permit for Wellbore 25/5-7 in Production Licence 102 C
Business & Finance

Total E&P Norge AS Gets a Drilling Permit for Wellbore 25/5-7 in Production Licence 102 C

The Norwegian Petroleum Directorate (NPD) has granted Total E&P Norge AS a drilling permit for wellbore 25/5-7, cf. Section 8 of the Resource Regulations. Wellbore 25/5-7 will be drilled from the Ocean Vanguard drilling facility at position 59° 39’ 43.27” north, 2° 34’ 15.37” east after a stay at th

about 16 years ago
STX Norway Offshore to Build Two Icebreaker Tugs to JSC Circle Marine Invest for $71 Million
Business & Finance

STX Norway Offshore to Build Two Icebreaker Tugs to JSC Circle Marine Invest for $71 Million

STX Norway Offshore has signed contracts for the building of two icebreaker tugs to JSC Circle Marine Invest. The vessels will be delivered in 2011, and the total value of the two contracts amounts to approximately NOK 450 million (USD 71 million) . “We look forward to continuing the good cooperatio

about 16 years ago
UK: XODUS Wins Feed Study for Major Huntington Oil Field
Business & Finance

UK: XODUS Wins Feed Study for Major Huntington Oil Field

Energy consultancy Xodus Group has won an open tender for the Detailed Design of the Huntington Development, the largest oil and gas discovery in the UK Central North Sea for five years. The contract worth approximately £1 million is one of the largest subsea projects the Aberdeen-based consultancy

about 16 years ago
The Netherlands: Financial Position SMIT Pension Fund
Business & Finance

The Netherlands: Financial Position SMIT Pension Fund

The board of the SMIT Pension fund Foundation (Stichting Pensioenfonds SMIT) has recently been informed by the Dutch Central Bank (De Nederlandse Bank) that it needs to take accelerated measures to improve its financial position. The SMIT Pension fund informed her members this week on the current st

about 16 years ago
Norway: Wood Group Kenny Clinches FEED Contract for Jordbaer Field
Business & Finance

Norway: Wood Group Kenny Clinches FEED Contract for Jordbaer Field

The world’s largest subsea engineering and project management company, Wood Group Kenny, has been awarded the Front End Engineering Design (FEED) and related project management support activities for the BG Norge AS, Jordbaer field development. The proposed field development, located in the North Ta

about 16 years ago
Brazil: Petrobras Sings LOI with Modec for VLCC to FPSO Conversion
Business & Finance

Brazil: Petrobras Sings LOI with Modec for VLCC to FPSO Conversion

MODEC announced that Petrobras, through its wholly owned subsidiary PNBV, on behalf of Consortium BM-S-9, has signed a letter of intent for the supply, respectively, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-S-9 (Guara) Block in the giant “pr

about 16 years ago
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