Hyperdynamics Corporation yesterday announced the completion of an updated oil resource evaluation study of the oil and gas concession offshore Republic of Guinea conducted by Netherland, Sewell & Associates, Inc., a leading provider of reserve audits and exploration resource assessments. A summary of the gross prospective resource potential of each of 21 prospects and leads [...]
February 15, 2013 | Posted in
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Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd, has completed the previously announced sale of a 40% gross interest in the Company’s oil and gas exploration concession offshore Guinea to Tullow Guinea Ltd., a subsidiary of U.K.-based Tullow Oil plc. Guinea’s Ministry of Mines and Geology formally approved the sale by issuing [...]
Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd, has entered into an agreement with Tullow Guinea Ltd., a subsidiary of Tullow Oil plc, for the sale of a 40% gross interest in Hyperdynamics’ oil and gas exploration concession offshore Guinea and the transfer of operatorship to Tullow. Subject to the completion of [...]
Red Spider, the Remote Open Close Technology (ROCT) specialist delivering major savings and reduced risk to the oil and gas industry, has successfully completed an operation worth over £300,000 with a major energy company using its eRED-FB technology off the coast of Equatorial Guinea. Red Spider invested almost £1,900,000/$3million over two years into the research [...]
October 2, 2012 | Posted in
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Canadian firm Nautilus Minerals has been awarded a 20-year licence by Papua New Guinea’s Government to begin deep sea mining within the Solwara 1 project. As The Guardian reports, Nautilus will mine an area of 1.6km beneath the Bismarck Sea, 50km off the coast of the PNG island of New Britain. The locals are most [...]
August 9, 2012 | Posted in
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Canadian-owned Nautilus Minerals received more criticism in its bid to mine the sea-floor offshore Papua New Guinea, Radio New Zealand reported. Nautilus is developing the world’s first commercial deep sea mining project in Papua New Guinea called Solwara 1. But the Deep Sea Mining campaign says there’s been a lack of environmental analysis for the [...]
June 12, 2012 | Posted in
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Nautilus Minerals Inc. announces the release of its unaudited consolidated financial results for the first quarter ended March 31, 2012 together with Management’s Discussion and Analysis. First quarter 2012 highlights: – Exploration Program commenced in the Bismarck Sea, PNG – Technical Report update released March 23, 2012 – Solwara 1 Project development advances – $129.5 [...]
May 8, 2012 | Posted in
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ContiTech has achieved another milestone: Its Fluid Technology Oil & Marine segment has been commissioned by the Canadian company Nautilus Minerals Inc. to take part in the world’s first deep-sea mineral resource project, the company announced in Hanover. The undertaking will see natural resources extracted from sulphide-rich deposits found on the ocean floor. Nautilus’s Solwara [...]
May 4, 2012 | Posted in
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Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth in excess of USD 4 million by a new customer to acquire and process 3D electromagnetic (EM) data offshore Papua New Guinea. Data acquisition will be performed by the vessel EM Leader in the second quarter of 2012. “We are excited by the interest we [...]
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Nautilus Minerals Inc. announced it has signed a binding heads of agreement with Tongling Nonferrous Metals Group Co. Ltd (“Tongling”) for the sale of the product extracted from the Company’s Solwara 1 deposit located in the Bismarck Sea, Papua New Guinea (“PNG”). The agreement provides for the purchase by Tongling of 1.1 million tonnes per [...]
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