Nautilus Minerals Inc. announces that it has received gross proceeds of C$40 million before expenses as a result of the successful closing of its rights offering through the issuance of 200,000,000 common shares at a subscription price of C$0.20 per common share. Under the rights offering, 125,485,5
Veripos has been awarded a 5 year contract for supply of precise satellite positioning services by Bintang Subsea, a leading independent survey organisation providing offshore inspection, survey and dredging support services to a wide range of users in the Asia Pacific Region. The agreement includes
RWE Dea has signed a farm-in agreement with PETRONAS Suriname E&P BV (“PETRONAS Suriname”), acquiring a 40% interest in the licence Block 52 off the coast of Suriname. In doing so, RWE Dea will secure entry into the South American country with proven hydrocarbon potential. Under the farm-in agreemen
Cardiff-based marine renewable energy company, Tidal Energy Ltd, has entered into a partnership with the Port of Milford Haven to develop an operating base in readiness for the forthcoming sea trials of its DeltaStream demonstration unit in Ramsey Sound, Pembrokeshire. Under the agreement, facilitie
Oceanlinx, an international company in the field of wave energy, is preparing for the development of the Port MacDonnell wave power project this week, according to the ABC news site. The project worth AUD 7 million involves building of a 20-square metre offshore concrete unit, which will have the ab
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, Norway and the UK, announces the 22nd Norwegian Licence Round award of a new licence PL716 in the Barents Sea. The Dazzler prospect contained withi
Chatham Rock Phosphate is showcasing its project to significant investor interest at Mystery Creek Fieldays in Hamilton this week. The Fieldays event, the largest agribusiness show in the southern hemisphere attracting more than 120,000 over four days, has already proved after one day to be a succes
Statoil together with PL265 partners have drilled an important appraisal well in the western part of the Johan Sverdrup field. The well drilled by the Ocean Vanguard rig, consisted of a main wellbore 16/2-17S which was an appraisal in the western part of Johan Sverdrup, and a sidetrack 16/2-17B whic
With the increasing number of marine renewable energy projects being developed, particularly in UK coastal waters, there is a growing requirement for the installation of reliable power cables and connectors that are proven to be robust in the harsh subsea environment. While power cable terminations
Samsung Heavy Industries’ Nigerian subsidiary announces the award of a new order to build an FPSO vessel worth around $3 billion. The FPSO, being built for an unnamed customer, will become the largest vessel of its kind in the world, and is expected to begin production in 2017. The vessel will be 33
A leading operator has signed a USD3 million deal to use Riserless Mud Recovery services (RMR®) from AGR Enhanced Drilling. These services will be used off Sakhalin, Russia, over this year’s summer drilling season. The operating company is using RMR® to help drilling operations in an area that has c
The Ministry of Petroleum and Energy announced the award of new licenses in the 22nd Licensing Round on the Norwegian Continental Shelf. Based on these awards, EMGS expects to realize uplift revenues of approximately USD 9 million from data-licensing agreements related to the company’s multi-client
2H Offshore, an Acteon company, has been contracted by Exxon Mobil Corporation to conduct the detailed design of two 10 inch production steel catenary risers for ExxonMobil’s Julia Phase 1 development. The Julia development will be a subsea tieback to a moored semi-submersible in approximately 7,000
In the 22nd licensing round on the Norwegian continental shelf (NCS) Statoil has been awarded interests in seven production licences in the Barents Sea. Three of the licences will be Statoil operated. “Statoil has been awarded new quality acreage in the Barents Sea. It creates a good foundation for
