Upon request of the Superior Council of the Private Enterprise (COSEP), a group of top managers and engineers from HKND and ERM recently made a four hour long presentation to more than 200 members of COSEP and the Nicaraguan Council of Small and Medium Enterprises (CONIMIPYME) on the Integrated Deve
Repsol posted net income of $1.784 billion (1.327 billion) euros in the first half of the year, an increase of 47% from the year-earlier period. This reflects a good performance of the company’s businesses as well as the success in securing a compensation agreement for the expropriation of YPF. Adju
The Turkish Ministry of Environment and Urbanisation has approved the Environmental Impact Assessment Report (EIA Report) for the section of the South Stream Offshore Pipeline that will cross the Exclusive Economic Zone (EEZ) of Turkey. The EIA Report consists of an assessment of potential impacts o
Tokyo Gas of Japan signed a deal with Mitsui to buy 520,000 tons of LNG per annum from the Cameron project in the United States starting in 2020. The project is operated by Sempra’s unit Cameron LNG, a company in which Mitsui & Co. will have a stake. It will build a new natural gas liquefaction plan
Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd, the Operator of permit PEP 51313, that the Whio-1 exploration well spud at 21:45 hours on 23rd July. The rig came on contract on 19th July and was towed 40 km from the previous location arriving at the Whio location on 20th July
Lloyd’s Register Energy has been named as the preferred supplier for both third-party inspection and vendor site inspection by engineering, procurement and construction firm IHI Corporation for two new LNG tank projects in western India. The nomination of Lloyds Register Energy comes after IHI won t
The U.S. Army Corps of Engineers Galveston District, awarded a small business contract in the amount of $106,871.81 to Quaternary Resources Investigations LLC for core drilling, soil sampling and laboratory testing at Freeport Harbor’s Dredging Placement Area One. The contract will allow for drillin
Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia will hold 33,33%. The award is
TGS has announced two multi-client geochemical seafloor sampling and seep studies offshore Canada and in the Barents Sea. Sampling locations for both programs were identified using recently acquired multi-client seismic data. The Labrador Sea Sampling 2014 will be collected in partnership with VBPR
Alarm bells should be ringing in light of the hard questions asked by Environmental Protection Authority’s (EPA) of Chatham Rock Phosphate’s mining application. “EPA is rightly asking the hard questions of CRP, showing that CRPs application is so loose that it puts the marine environment, and conseq
BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO, has been 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly owned N
GE Marine and Lloyd’s Register have signed a Memorandum of Understanding (MOU) to identify potential gas turbine-powered commercial ship projects. “Through the MOU we will identify target segments and commercial customers for our highly-efficient marine gas turbine systems,” said Brien Bolsinger, Vi
Hercules Offshore, Inc. has reported income from continuing operations of $6.6 million, or $0.04 per diluted share, on revenue of $243.0 million for the second quarter 2014, compared to income from continuing operations of $16.6 million, or $0.10 per diluted share, on revenue of $211.5 million for t
The twelve man crew of the trailer suction hopper dredger (TSHD) River Bee is wrapping up an intense two moths long dredging project at the Esperance port. During the dredging, around 12,000 cubic metres of sediments from the berth pockets was pumped into the ponds, dewatered and later capped with c
