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Kosmos to Buy into Senegal Offshore Blocks for $400 mln

2014-10-05 23:24:56| Oil & Gas - Topix.net

Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore blocks that they operate, a draft Petrosen document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million.

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IMECA at Offshore Korea 2014

2014-10-02 15:22:00| Offshore Technology

Designer and manufacturer of offshore lifiting and laying equipment, pipelay systems, pipelay equipment and special winches IMECA will exhibit at Offshore Korea 2014 in Busan, 12-14 November.

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India eyes first offshore wind farm

2014-10-02 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: India's plans to build the country's first offshore wind farm took a major step forward this week, as the government signed a memorandum of understanding with a coalition of companies to build a 100MW pilot project. Energy Minister Piyush Goyal oversaw the signing of the deal yesterday, committing to exploring the opportunity for a wind farm along the Gujarat coast. The deal was also backed by the National Institute of Wind Energy, National Thermal Power Corporation, Power Grid Corporation of India,...

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Atkins acquires Houston Offshore Engineering for $73m

2014-10-02 01:00:00| Offshore Technology

UK-based project management firm Atkins has acquired Houston Offshore Engineering (HOE) for $73m.

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IRS fights Ingersoll-Rand over offshore money routing

2014-10-01 10:43:24| Automakers - Topix.net

A Burger King sign and a Tim Hortons sign are displayed on St. Laurent Boulevard in Ottawa, Canada, on Monday, Aug. 25, 2014. Canada's iconic coffee chain, Tim Hortons, and Miami-based Burger King say they will join forces, but will operate as independent brands to form the world's third-largest quick service restaurant company.

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