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Nautilus Increases Mineral Resources in Papua New Guinea

Nautilus Increases Mineral Resources in Papua New Guinea

A successful exploration drilling campaign conducted at Nautilus Minerals’ tenements in the Bismarck Sea of Papua New Guinea has enabled the company to increase the resource estimate at its Solwara 1 project, and to declare a maiden Inferred Resource at the nearby Solwara 12 deposit. The key features of the resource update, prepared by independent [...]

Van Oord Wins First Subsea Rock Installation Project in Mexico

Van Oord Wins First Subsea Rock Installation Project in Mexico

Van Oord‘s flexible fallpipe vessel (FFPV) Tertnes has been to the east coast of Mexico (Bay of Campeche) to execute subsea rock installation projects on pipelines and cables for various main contractors. The ultimate client is state oil and gas company PEMEX. FFPV vessel Tertnes was deployed to the Far East via the Panama Canal [...]

Offshore Energy 2011 Exhibition & Conference: Great Business in Amsterdam

Offshore Energy 2011 Exhibition & Conference: Great Business in Amsterdam

Navingo BV, organizer of Offshore Energy 2011, looks back at a very successful edition of Offshore Energy in the Amsterdam RAI. 5121 unique visitors1 (compared to 4026 in 2010) with over 30 nationalities from all over the world, like Belgium, Germany, France, Spain, Denmark, Italy, the United States, China, Australia, Kazakhstan, Nigeria, Venezuela, the United [...]

The Netherlands: Offshore Energy 2011 Kicks Off Today!

The Netherlands: Offshore Energy 2011 Kicks Off Today!

The Offshore Energy exhibition, an event focused on global oil & gas exploration and production market opened today in Amsterdam RAI, the Netherlands. The event boasts over 300 high-profile exhibitors from UK, Spain, Germany, Switzerland, The Netherlands, Saudi Arabia etc., and over 5000 visitors are expected to be there. Some of the famous names in [...]

Canada: Nautilus Minerals Closes Final Tranche of Private Placement

Canada: Nautilus Minerals Closes Final Tranche of Private Placement

Nautilus Minerals Inc has received gross proceeds of C$27.6 million from the issue of the second tranche of shares forming the final part of the private placement announced in August. A total of 10,940,004 shares was issued today in the second tranche at the issue price of C$2.52 per share. The shares formed part of [...]

Petrobras Opens Up Deepest and Longest Undersea Pipeline in Brazil

  The Consortium operating Block BM-S-11, formed by Petrobras (65% – Operator) in partnership with BG Group (25%) and Petrogal Brasil S.A. – Galp Energia (10%), has opened up the Lula-Mexilhão gas pipeline. The system connects the Lula field to the Mexilhão platform, located in shallow Santos Basin waters. With a capacity to take off [...]

Norway: Statoil Gets Approval for its Fast-Track Projects

  Approval of plans for development and operation (PDO) of the Stjerne and Vigdis North-East fields means that all four of Statoil’s first fast-track projects have secured the go-ahead. The Ministry of Petroleum and Energy has given the nod for the two fields today, 16 September, after approving Hyme and Visund South PDOs in June. [...]

The Netherlands: N-Sea Heralds New Era for Noordhoek

    Noordhoek has emerged after a turbulent period as a reinvigorated company, ready to capitalise on its strengths, expand its business and build a brand synonymous with excellence. “This rejuvenation is a testament to our dedicated workforce, who. with the support of our ambitious partner Value Enhancement Partners, has created a more dynamic and [...]

Papua New Guinea: Nautilus Minerals to Raise USD 100 Million in Private Placement to Fund Solwara 1

  Nautilus Minerals is to raise approximately US$100 million (C$98.1 million*) through a private placement of common shares to fund the development of its first project, Solwara 1, in the Bismarck Sea of Papua New Guinea. The placing will involve the issue of approximately 39 million shares to a number of investors at a price [...]

UK: Pharos Offshore Starts Construction of Newly Designed Remotely Operated Vehicle

  Pharos Offshore Group has started construction of a newly designed remotely operated vehicle (ROV) specifically for the offshore wind farm cable market. The new Inter Turbine Array Trencher, the ITAT 800™, is an 800 HP (600 kW) self-propelled trenching ROV that can be more easily manoeuvred by the operators onboard its support ship than [...]





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