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Telephone Conference News

24 Jul 2016

Canada Seek to contain Oil Spill

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a previous barrier and threatened the drinking water of several communities along the coast. The city of North Battleford, which draws its drinking water in part from the North Saskatchewan River, shut its supply intake on Friday and switched to using ground water, provincial officials said in a telephone conference with reporters. Some 1,572 barrels of heavy oil and diluent leaked from Husky Energy Inc's Saskatchewan Gathering System pipeline on Thursday, flowing into the river. The Calgary-based company has shut the line, stopping the leak, and has been working to contain the spill.

01 Dec 2014

NORECO's Revenue Dips in 3Q 2014

Norwegian Energy Company’s (Noreco) production in the third quarter of 2014 was basically unchanged from the previous quarter, significant impairments took down Noreco net results after tax to minus NOK 1 101 million. Revenues in the third quarter 2014 were NOK 296 million, down from NOK 318 million in the previous quarter. Exploration and evaluation expenses amounted to NOK 629 million, primarily due to a write-off of the Huntington Fulmar (Maxwell) discovery in the UK, and the operating result before depreciation and write-downs (EBITDA) was negative by NOK 556 million, compared with negative NOK 29 million in the previous quarter.

09 Dec 2008

CG Cape Wind Radar Study Findings

As a cooperating agency with the Department of the Interior's Minerals Management Service, the U.S. Coast Guard is providing an assessment on the proposed Cape Wind project's impacts to Coast Guard missions and the potential impacts the project may have on navigational safety. In Oct. 2008, Capt. Raymond Perry, the commanding officer of Coast Guard Sector Southeastern New England, determined that for Coast Guard officials to make a recommendation to the Minerals Management Service, they needed more information on how the proposed project would impact the safety of navigation, particularly how it would affect marine radar. Conflicting…