Havila Shipping ASA is contemplating a new secured bond issue with maturity in March 2017. The bond loan will be NOK 600 million. The net proceeds from the bond issue will be directed towards long term financing of the vessel Havila Subsea. DnBNOR Markets and Pareto Securities are retained as manage
Exxon Mobil CorporationNaN continued to deliver industry-leading results in 2010 through an integrated and disciplined business approach, and remains well-positioned to meet growing long-term global energy and petrochemical demand, the company said today in its annual presentation to investment anal
TGS announces that it has signed a Letter of Intent with CGGVeritas to charter a high capacity vessel for 3D multi-client projects in Europe during the 2011 summer season. The charter will begin before the end of April and will last for approximately 4 months. The agreement also provides an option f
Strategic Marine continues to be a dominant player in the crew boat market, delivering another 40 metre vessel into Malaysia from its Singapore shipyards to support the growing offshore oil and gas industry. The ‘ASB Mutiara 5′ was handed over to Malaysia-based global infrastructure company ASB Mari
Technip was awarded an installation contract, worth more than €20 million, by EOG Resources United Kingdom Limited, for the development of the Conwy field, located in the East Irish Sea. The contract covers: * welding and installation of an 11.4 kilometer, 8” production pipeline and an 8” water inje
Topaz Energy and Marine, a marine services company based in Dubai, is preparing to float its shares on the London Stock Exchange to raise… [mappress] Source:The National Business , March 9, 2011;
China Rongsheng Heavy Industries Group Holdings is diversifying from its core shipbuilding business to offshore engineering, marine … [mappress] Source: South China Morning Post , March 9, 2011;
The budget for the Leviathan 1 exploratory well at Israel’s Leviathan natural gas field could exceed the estimated $150 million and go as… Source: Israeli Diamond [mappress] Source:Israelidiamond , March 9, 2011;
In Saudi Arabia, Saudi Aramco awarded the EPIC contract, in the framework of the Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields, located approximately 150 kilometres northeast of Jubail industrial city, in the Arabian Gulf. The complete development of t
Shengli Engineering and Consulting Company Limited (SLECC), a registered survey and engineering institute in China, has chosen Intergraph®SmartPlant® Enterprise solutions, including SmartPlant 3D, to execute its design and engineering projects. To enhance its competitiveness in the marketplace, SLEC
Today, Maersk Oil announced that it has established a long term collaboration agreement with TNO to jointly develop new technologies for increased oil recovery (IOR). Focus will be on long horizontal wells and increasing oil recovery through integrated operations and production optimisation. The joi
The Penspen Group has been commissioned by Qatargas, a pioneering liquefied natural gas (LNG) producer, to develop the Detailed Design for a new Flexible Grouted Clamp and to produce a set of Flexible Grouted Clamps to enable the quick and effective repair of their large diameter subsea pipelines in
For the twelve month period ended December 31, 2010, the Company reported a loss from continuing operations of $134.6 million, or $1.17 per diluted share, on revenue of $657.5 million, versus a loss from continuing operations of $90.1 million or $0.93 per share on revenue of $742.9 million for the t
Hyperdynamics Corporation announced today that Curtis Jackson has joined the Company as Vice President-Drilling and Technology, based in Houston. In this role, Jackson will be responsible for implementing the 2011-12 drilling program, introduction of engineering technology to the Company’s explorati
