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Headlines

Tuesday, January 17th, 2012

Bahamas: Initial 3D Seismic Results Encouraging

Early stage interpretation of the new data confirmed and better defines the prospective structures seen on the previous 2D data. The data provide encouragement regarding source maturity and fetch area. The 3D indicates the “basement” to be deeper than interpreted previously, implying a thicker, deeper Jurassic source rock section. Further, the interpretation indicates a uniform southwest

Tuesday, January 17th, 2012

Azeri Firm Joins Race for Ankara Gas Grid

Azerbaijan’s state-run natural gas company, Socar, has obtained authorization documents to bid for the privatization of Başkent Doğalgaz, Ankara’s natural-gas grid, according to daily Milliyet.  Turkey’s Privatization Administration (ÖİB) has put 80 percent of the natural-gas grid out to tender for privatization after being unable to do so last year. The deadline to place bids

Tuesday, January 17th, 2012

EU Project Sees Flying Cars in Europe’s Skies

It’s a special kind of dressage: When Raffaello D’Andrea lifts his right arm, a plate-sized helicopter obediently starts its engine. When he moves his finger through the air, the device follows as if on a horse’s lead. D’Andrea is a drone trainer. The professor is standing in socks with his legs apart on the floor of

Tuesday, January 17th, 2012

Peru to Invest 30 Billion Soles in Road Infrastructure in Five Years

Peru’s government plans to invest 30 billion soles (approximately $10.1 billion) over the next five years in road infrastructure projects. Transport and Communications minister Carlos Paredes said that investments are aimed at paving about 80 percent of Peru’s national road network, which covers a total of  23,075 kilometers. Read More

Monday, January 16th, 2012

UAE Business Council for Sustainable Development to Launch Vision 2050 Arabia

The UAE Business Council for Sustainable Development (UAE BCSD) will launch its Vision 2050 Arabia program at the World Future Energy Summit 2012 in Abu Dhabi, it was announced today. The program is the regional adaptation of the Vision 2050 program initiated by the World Business Council for Sustainable Development (WBCSD) in 2010. Speaking at

Monday, January 16th, 2012

Russian Investors Mull Opportunities in Montenegro

The paper claims that the investigation, in collaboration with the Centre for the Study of Corruption and Organized Crime, an international organisation that garners journalists and researchers from Eastern Europe, pored over cadastral records at the Montenegrin Land Registry as part of its research, and found evidence of ownership of multiple properties by the prominent

Monday, January 16th, 2012

Costa Concordia Hit Reefs Not Marked On Navigation Maps – Captain

Cpt. Francesco Schettino of the luxury ship cruiser that ran aground near the coast of Tuscany late Friday said that the ship hit reefs that were not marked on the navigation map, local media reported. Italian Costa Concordia liner carrying more than 4,200 passengers on board hit a reef and ran aground off the coast

Monday, January 16th, 2012

Aker Solutions Wins New Subsea Contract

Norwegian engineering company Aker Solutions has signed a contract with Marathon Oil Norge to supply a subsea production system for the operator’s Bøyla project on the Norwegian continental shelf. Contract value is approximately NOK 210 million, and includes engineering, procurement, construction and delivery of four subsea trees, four over-trawlable subsea structures and control systems. Read More

Monday, January 16th, 2012

Protecting Laos’s Forests

Farming and the tropical timber trade are just the proximate threats to Laos’s forests. The ultimate problem is poverty. That’s why schemes to tackle logging and land clearance aim to provide locals with a livelihood for protecting their wilderness. They’re rendering services for elephants and fellow humans alike. Read More

Sunday, January 15th, 2012

Spain’s high-speed Rail System Offers Lessons for California

The sprawling station, which dates to the 1890s, serves not only the AVE, or Alta Velocidad Espanola high-speed trains, but also the city’s metro subway and commuter trains. It sits amid a bustling district of offices, hotels, restaurants, museums and other businesses. Read More

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