Vantage Drilling Company announced that its ultra-premium jackup rig, the Emerald Driller has been awarded a two year contract to operate in Southeast Asia. The contract is expected to commence early February 2009, following the completion of its construction and commissioning activities in Singapore. The contract is subject to cost escalations and may be extended [...]
The company is reported to have announced that Rich has decided to make NATCO the next step in his impressive career,” said John U Clarke, Chairman and Chief Executive Officer of NATCO. “Rich comes to NATCO with more than 30 years of business management experience. He will be responsible for all of NATCO’s operating entities [...]
Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, [...]
Harvest Natural Resources, Inc. announced the successful acquisition of significant additional leasehold covering its prospective Bay Exploration Area located near Galveston, Texas. This completes the lease acquisition phase in this area. Harvest and its partners now control a major position in the Bay prospective area containing 13 identified leads in the regionally prolific Frio and [...]
Atwood Oceanics, Inc. (Houston based International Offshore Drilling Contractor) (NYSE: ATW) announced today that its wholly-owned subsidiary, Atwood Oceanics Pacific Limited, conditionally exercised an option to construct an ultra-deepwater semisubmersible drilling rig to be built based on the Friede & Goldman Ex-D Millennium Dynamically Positioned Semisubmersible rig design with Jurong Shipyard Pte. Ltd. (”Jurong”) in [...]
Solamatrix, Inc. manufacturer of solar control window film products recently opened its corporate headquarters and production facility in St. Petersburg, FL. After acquiring the assets of Film Technologies International in March 2008 including the 100,000-square-foot facility, manufacturing equipment and rights to all intellectual property, Solamatrix has already created over 60 new jobs and plans for [...]
World Gold Council (WGC), the organisation formed and funded by the world’s leading gold producers, has today announced that it has partnered with a leading Russian jewellery manufacturer, Choron, to bring the Gold Expressions jewellery collection to Russia for the very first time. Choron will present Gold Expressions at the New Russian Style Fair 2008 [...]
Jade Technologies has raised S$9.6 million to fund a coal mining project in Indonesia.
The company placed out about 134 million new ordinary shares at 7.2 Singapore cents each to three investors – a UK Fund, CC Asia Advantage Master Fund; and two private investors, Jeffrey Hing Yih Peir and Ong Boon Kheng.
For Mr Hing and [...]
World oil prices eased further on Tuesday, trading near 123 dollars a barrel as profit taking helped to cool a red-hot market, analysts said.
Crude oil prices have more than doubled in the past year and rocketed about 25 percent since the start of 2008, when they broke the 100-dollar barrier.
“Oil prices have simply risen too [...]
State-run NTPC Ltd , India’s top power producer, is looking to buy majority stakes in Indonesian coal mines with reserves of up to 300 million tonnes to secure supplies and manage costs, its chairman said on Monday.
Another government company, Power Trading Corp , also announced plans to buy coal mines in Indonesia, following the footsteps [...]
