Shell Petroleum Development Company (SPDC)and Caverton Helicopters Limited, an indigenous company, have sealed a N93.73 billion… Source: businessdayonline, May 31, 2010;
The federal government is moving ahead with plans to grant new offshore oil-exploration licences in Canada’s Arctic, despite the U.S. government’s expanding freeze on offshore drilling in the wake of the Gulf Coast spill. Moreover, any company granted an exploration licence in Canada’s portion of the Beaufort Sea will be subjected to less environmental scrutiny [...]
Seadrill Limited (“Seadrill”) announces the acquisition of a further 9,071,948 shares in Scorpion Offshore Limited (“Scorpion”) on Friday, May 28, 2010 taking its total holding to 45,010,851 shares, representing 50.11 percent of the issued shares in Scorpion. The acquisition of the additional shares was made through Pareto Securities ASA at a price of NOK40.50 per [...]
The Netherlands has finally been asked to help clear up the oil spill in the Gulf of Mexico. Oil spill specialists Koseq have been… Source: rnw, May 31, 2010;
The Green Party wants the oil drilling programme in New Zealand’s Great South Basin to be stopped, until the cause of the US oil catastrophe is identified. Party co-leader Russel Norman says the basin off the South Island’s south-east coast, is home to sensitive marine mammals and ecosystems that would be damaged by a similar [...]
The Prime Minister of East Timor, Xanana Gusmao, has vowed to make a historic stand against corporate giants that plunder the resources… Source: smh, May 31, 2010;Shell
Kairiki Energy Limited announced that Nido Petroleum Limited , as Operator of Service Contract 54A (SC 54A), advise that first oil flowed to surface at 11:00am (Manila time) on 30 May 2010 from the Tindalo-1 well. This follows the conclusion of well completion operations on the Tindalo-1 oil well earlier this week and final hookup [...]
Wärtsilä, the marine industry’s leading ship power systems integrator, has signed a contract to deliver a ship power system for a 38,000 tonnage semi-submersible heavy-lift vessel for Chinese customer Zhejiang Share-ever Business Co., Ltd. Wärtsilä’s solution was selected for its proven reliability, and because of the first class global service support the company is able [...]
BP started the “top kill” operations to stop the flow of oil from the MC252 well in the Gulf of Mexico at 1300 CDT on May 26, 2010. The procedure was intended to stem the flow of oil and gas and ultimately kill the well by injecting heavy drilling fluids through the blow-out preventer on [...]
Aker Solutions has been awarded two contracts with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in South Korea for the delivery of two drilling equipment packages. The total contract value for Aker Solutions is approximately USD 180 million. “These two contracts affirm our position as a leading deepwater drilling equipment company. With deepwater regions [...]
