Polarcus – Capital Markets Day 2011: The right choices
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company is today holding a Capital Markets Day in Dubai, United Arab Emirates. Following the event, the participants will be attending a double-naming ceremony of the Company’s newest 3D vessels; POLARCUS SAMUR and POLARCUS ALIMA. Commenting on the event, Rolf …
Polarcus Fourth quarter 2010 report, Strengthening capacity and position
Polarcus Limited (OAX: PLCS) is pleased to announce the release of its fourth quarter and preliminary year end 2010 unaudited financial statements. With three vessels in operation in the fourth quarter, margins improved further compared to previous quarters. Economy of scale, solid operational performance and good utilization contributed to the …
Disposal of Well Support Division for $2.8 billion Return of cash of not less than $1.7 billion
Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than …
Rosneft discovers two new fields in East Siberia
Rosneft geologists have discovered two new oil & gas fields at the Sanarsky and Preobrazhensky license areas in East Siberia. Both areas are located in Katangsky District of Irkutsk Region, and were acquired by Rosneft at auctions in 2006 and 2007. The new field at the Preobrazhensky area has been …
Exillon Energy Reserve Update Feb 2011
Exillon Energy plc, a British independent oil producer with assets in two oil-rich regions in northern Russia, Timan-Pechora and West Siberia, is pleased to announce that Group 1P reserves increased by 40% to 112 million barrels, 2P reserves increased by 74% to 239 million barrels and 3P reserves increased by …
Tethys Petroleum Appoint New Deputy Chief Executive Officer, Julian Hammond
Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX:TPL) today announced the appointment of Mr. Julian Hammond as Deputy Chief Executive Officer of the Company. Mr. Hammond will retain his current position as Chief Commercial Officer but, in addition to this, will act as deputy to Dr. David Robson, Chief Executive Officer. Mr. Hammond, who …
Nord Stream wins Project Finance Award
Nord Stream has won the award for European mid-stream gas project of the year at this year’s Project Finance Awards ceremony. The awards recognise innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in financing. Nord Stream was singled out in particular for …
Nearly a quarter of organisations using RFID technology, Motorola and Market Research white paper reveal
42% of organisations interested in deploying RFID technology in the next five years The Motorola Solutions (NYSE: MSI) today announced the latest results of a Motorola sponsored white paper by IDC on The Future Usage of Communication Technologies in EMEA. The white paper found that there has been strong adoption …
Steel cutting ceremony Polarcus 14 streamer vessel NB292
Polarcus Limited (OAX: PLCS) is pleased to announce that the official steel cutting ceremony of newbuild NB292 took place on 07 February 2011. Vessel NB292 is the first of two newbuilds ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels are being …
Tethys Petroleum Announce Kazakhstan Kul Bas Contract Amendments Complete
Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX: TPL) today announced the proposed amendments to the Kul Bas Exploration Contract (“the Contract”) have now been incorporated into the Contract by the Ministry of Oil and Gas of the Republic of Kazakhstan (“MOG”). These amendments, which had been previously agreed with MOG, grant an extension …