Nautilus Minerals Inc. announces that the Independent State of Papua New Guinea has not yet completed the purchase of its 30% interest in the Solwara 1 Project. The Company is in discussions with senior officials of the State and it remains Nautilus’ preference to resolve these matters amicably with the State. October 24, 2013 Follow […]
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore oil and gas industry, today reported that net profit in the half year ended June 30, 2013 (“HY2013”) rose 11.8% to US$37.4 million from US$33.5 million in the half year ended June 30, 2012 (“HY2012”). Revenue also jumped 30.1% to […]
Through water communication and positioning technology company, Nautronix, celebrated 30 successful years in the Oil and Gas industry this week. Their financial year has come to an end and they are reporting growth in 2012/2013 of more than 41% on the previous year, with revenue increasing to £16.1million which demonstrates how much the company has […]
A production logging run is being performed as the final operation of the production testing program at Karoon Gas Australia Ltd’s Boreas-1 exploration well. Upon completion of this final operation, the testing string will be removed from the well. During flow testing this week, Boreas 1 exploration well flowed gas to the surface at an […]
Wave energy developer Carnegie Wave Energy Limited announces that it is one of only two Australian cleantech companies shortlisted as a Global Top 30 2012 semi-finalist by the Global Cleantech Cluster Association (GCCA). The GCCA announced its Global Top 30 semi-finalists for its 2012 Later Stage Award for “rising stars” in the industry who are […]
September 11, 2012 | Posted in
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As part of the Roosevelt Island Tidal Energy project, 30 turbines are being installed along the strait that connects the Long Island Sound with the Atlantic Ocean in the New York Harbor. The project, led by Verdant Power, Inc., is the first ever commercially licensed tidal energy project in the United States. The turbines are […]
February 16, 2012 | Posted in
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Barnstaple and Aberdeen based J+S Limited has reported record results for the year ended 30 September 2011. Sales were up 27.7% on the prior year to just under £13.3m and operating profit increased by a massive 41% to just under £1.5m. Both the sales and the operating profit hit record levels. Commenting on the results, […]
December 5, 2011 | Posted in
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Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest. The agreement is subject to approval from Staatsolie Maatschappij Suriname, the state oil company of Suriname. Block 47 lies in a frontier area in the Guyana Basin. The licence is located some 270 […]
November 18, 2011 | Posted in
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Cove Energy plc, the AIM quoted upstream oil and gas company focused on East Africa, through its wholly owned subsidiary, Cove Energy Kenya Limited together with its partners, Anadarko Kenya Company a wholly owned subsidiary of Anadarko Petroleum Corporation and Dynamic Global Advisers Kenya Limited (“DGA”) , announce that, following the receipt of the […]
October 6, 2011 | Posted in
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GE Oil & Gas has signed a three-year frame agreement valued at approximately $30 million to supply 26 subsea wellhead systems and associated services to Shell Brasil Ltda. for exploration and production projects offshore Brazil. The agreement means GE Oil & Gas will supply all Shell Brasil’s requirements for subsea drilling systems for all […]
June 15, 2011 | Posted in
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