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Author Topic: OIL & GAS PIPELINE INFO  (Read 511514 times)
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Keepthefaith
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« Reply #60 on: May 03, 2009, 01:24:09 PM »

Go TM,Go TM,Go TM...
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« Reply #61 on: May 03, 2009, 02:26:39 PM »

The head of our engineering team is Ing. Hendrick J. Croes who has an extensive and successful career behind him.

Ing. Croes worked at Bouw- en Woning toezicht for 6 years - this is the department that processes construction permits at D.O.W. (Public Works). In this post, one of Ing. Croes' responsibilities was the revision of calculations and structural drawings of different projects submitted by persons or entities applying for a building permit.

Subsequently, Ing. Croes worked with Sun Development Company - a major developer - for four years. In this post, Ing. Croes handled various projects abroad and locally, among which the Tierra Del Sol golf course and residential development project where Ing. Croes was the project manager. In 1999 he decided to leave Tierra Del Sol and Sun Development Company and start his own engineering company: HJC Engineering N.V.

HJC Engineering N.V. has extensive experience in the field of engineering and has budgeted, created structural engineering plans, and controlled a large amount and variety of structures in Aruba and overseas, among others: residential projects, supermarkets, shopping centers, office buildings, schools, clinics, a part of the Aruba Hospital, different hotels, industrial facilities, sport complexes, and parts of oil refinery structures. Furthermore Ing. Croes has proved to be an innovative engineer, introducing non-traditional systems of construction on the island of Aruba.

HJC Engineering N.V. works with a number of architectural companies and contractors of good reputation on Aruba for projects of varying scope - from home construction to complex commercial and industrial structures.

http://www.hjcaruba.com/aboutus/index.html

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« Reply #62 on: May 03, 2009, 03:00:20 PM »

By Kevin Baxter   March 24 2009




Abu Dhabi National Energy Company PJSC (TAQA) has paid US $320 million to acquire a 50% equity stake in the Caribbean portfolio of  Marubeni Corporation.

TAQA’s acquisition was made under a 50/50 joint venture agreement with the Japanese company and the focus will be on long-term investments in the energy sector in the region.

“The closing of the transaction marks an important milestone in TAQA’s global operations. This transaction demonstrates our strategic objective to deliver profitable growth in new and existing markets,”  Peter Barker-Homek, CEO of TAQA, said. 

”We remain committed to seeking out acquisitions that offer stable cash flows and compliment our existing experience and expertise.” 

“The joint venture with Marubeni enhances our existing diversified energy portfolio and will act as a platform to explore multiple opportunities through long-term investment in the region, he added.”

The portfolio includes:

1.    55.4% equity interest in Grand Bahama Power Company in Grand Bahama
2.    80% equity interest in Jamaica Public Service Company in Jamaica, which owns and operates ten generating facilities, including six hydroelectric plants.
3.    39% equity interest in PowerGen which is an independent power producer that supplies 80% of total electricity demand in Trinidad & Tobago
4.    25.5% equity interest in Curacao Utilities Company N.V. which supplies electricity, steam and water to the Island Refinery operated by Petroleos de Venezuela, S.A. in Curacao, Netherlands Antilles

TAQA's asset base now stands at $24 billion.


 http://www.arabianoilandgas.com/article-5186-taqa_make_us320_caribbean_acquisition/

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« Reply #63 on: May 03, 2009, 03:41:27 PM »

Neofirma Inc. CEO Jim Holder sees companies winning the competitive battle and servicing their clients better by having office operations that are both efficient and effective. “EnerMax has selected and uses NeoFirma’s OperationMaster to give its employees information faster and more accurately, enabling them to make decisions and work together better,” Holder notes.


More at this link
http://www.permianco.com/press-media/enermax-us-business-review.html
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« Reply #64 on: May 03, 2009, 04:01:31 PM »

CHEYENNE, Wyo. -- Platina Energy Group, Inc. (OTCBB:PLTG), (Frankfurt:O5Y) announces that Permian Energy, a wholly owned subsidiary of Platina Energy Group, is forming a joint venture alliance using the Company's rights and licenses for the proprietary Thermal Pulse Unit device. Such an alliance would enable considerable distribution access to this innovative and environmentally friendly oil recovery technology.

Platina owns proprietary representation, licensing, and marketing rights to the German inspired Thermal Pulse Unit (TPU), an enhanced oil and gas recovery technology for improved extraction capability for various field applications.


Platina is an E & P Company that owns oil and gas lease properties in Texas and Tennessee. The Company currently produces oil from one field. It also owns oil and gas leases for proven and unproven reserves for which it is currently obtaining drilling permits. Platina owns rights to a German inspired, proprietary technology that allows for the cost effective recovery of certain types of untapped oil reserves.


http://findarticles.com/p/articles/mi_m0EIN/is_2007_July_25/ai_n27320812/
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« Reply #65 on: May 03, 2009, 04:13:43 PM »

CHEYENNE, Wyo. -- Platina Energy Group, Inc. (OTCBB:PLTG), (Frankfurt:O5Y) announces that Permian Energy, a wholly owned subsidiary of Platina Energy Group, is forming a joint venture alliance using the Company's rights and licenses for the proprietary Thermal Pulse Unit device. Such an alliance would enable considerable distribution access to this innovative and environmentally friendly oil recovery technology.

Platina owns proprietary representation, licensing, and marketing rights to the German inspired Thermal Pulse Unit (TPU), an enhanced oil and gas recovery technology for improved extraction capability for various field applications.


Platina is an E & P Company that owns oil and gas lease properties in Texas and Tennessee. The Company currently produces oil from one field. It also owns oil and gas leases for proven and unproven reserves for which it is currently obtaining drilling permits. Platina owns rights to a German inspired, proprietary technology that allows for the cost effective recovery of certain types of untapped oil reserves.


http://findarticles.com/p/articles/mi_m0EIN/is_2007_July_25/ai_n27320812/
More about Platina

 PLATINA ENERGY GROUP INC
 Cheyenne, WY
Dallas, TX
Sheridan, CO 
 BELTRAN, HECTOR
(DIRECTOR)
MERRIAM, BLAIR J
(DIRECTOR)
THORNTON, DANIEL W
(DIRECTOR)
BROTHERS, WILLIAM M
(CONTACT)

Associated Businesses

TEXAS BRADSHAW SERVICES INC
CURRY AUTO LEASING INC
EASYTEE INC
INTERNET MEDIA GROUP
K J D INC
OFFSHORETECH LTD
URBAN EYE INC
JOEL PUGH MANAGEMENT COMPANY LLC
JOEL PUGH MANAGEMENT COMPANY LLC
JOEL PUGH OPERATING COMPANY INC
YOU LUCKY DEVIL CASINO PARTIES INC
YOU LUCKY DEVIL CASINO PARTIES INC
BARBARA ELLIOTT INTERIORS INC
HMST LUBBOCK LLC
HMST LUBBOCK LLC
HMST LUBBOCK LLC
A MICHELLE MAY P C
LEEDEE PRODUCTS INC
THE ALEDO PRODUCTION OF ROY N THE REV L C
RECRUITING & PLACEMENT SPECIALISTS, INC
MBA TECHNICAL SERVICES, INCMBA TECHNICAL SERVICES, INC

APPLEGATE PETROLEUM MANAGEMENT, INC
WESTERN INSURANCE RISK RETENTION GROUP, INC
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« Reply #66 on: May 03, 2009, 04:23:50 PM »

CHEYENNE, Wyo. -- Platina Energy Group, Inc. (OTCBB:PLTG), (Frankfurt:O5Y) announces that Permian Energy, a wholly owned subsidiary of Platina Energy Group, is forming a joint venture alliance using the Company's rights and licenses for the proprietary Thermal Pulse Unit device. Such an alliance would enable considerable distribution access to this innovative and environmentally friendly oil recovery technology.

Platina owns proprietary representation, licensing, and marketing rights to the German inspired Thermal Pulse Unit (TPU), an enhanced oil and gas recovery technology for improved extraction capability for various field applications.


Platina is an E & P Company that owns oil and gas lease properties in Texas and Tennessee. The Company currently produces oil from one field. It also owns oil and gas leases for proven and unproven reserves for which it is currently obtaining drilling permits. Platina owns rights to a German inspired, proprietary technology that allows for the cost effective recovery of certain types of untapped oil reserves.


http://findarticles.com/p/articles/mi_m0EIN/is_2007_July_25/ai_n27320812/
More about Platina

 PLATINA ENERGY GROUP INC
 Cheyenne, WY
Dallas, TX
Sheridan, CO 
 BELTRAN, HECTOR
(DIRECTOR)
MERRIAM, BLAIR J
(DIRECTOR)
THORNTON, DANIEL W
(DIRECTOR)
BROTHERS, WILLIAM M
(CONTACT)

Associated Businesses

TEXAS BRADSHAW SERVICES INC
CURRY AUTO LEASING INC
EASYTEE INC
INTERNET MEDIA GROUP
K J D INC
OFFSHORETECH LTD
URBAN EYE INC
JOEL PUGH MANAGEMENT COMPANY LLC
JOEL PUGH MANAGEMENT COMPANY LLC
JOEL PUGH OPERATING COMPANY INC
YOU LUCKY DEVIL CASINO PARTIES INC
YOU LUCKY DEVIL CASINO PARTIES INC
BARBARA ELLIOTT INTERIORS INC
HMST LUBBOCK LLC
HMST LUBBOCK LLC
HMST LUBBOCK LLC
A MICHELLE MAY P C
LEEDEE PRODUCTS INC
THE ALEDO PRODUCTION OF ROY N THE REV L C
RECRUITING & PLACEMENT SPECIALISTS, INC
MBA TECHNICAL SERVICES, INCMBA TECHNICAL SERVICES, INC

APPLEGATE PETROLEUM MANAGEMENT, INC
WESTERN INSURANCE RISK RETENTION GROUP, INC

Platina Energy Group

The following individuals have appeared in one or more SEC filings related to PLTGQ. Select a name to view all SEC filings in which the individual appears, or search for a specific individual:

Go to this link and You can search names

http://yahoo.brand.edgar-online.com/People.aspx?ticker=PLTGQ
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« Reply #67 on: May 03, 2009, 06:21:24 PM »

Superior Offshore International Announces Contract Award in the Caribbean
 
Tuesday, June 20th, 2006

Superior Offshore International, Inc. (NASDAQ: DEEP) a leading provider of subsea construction and commercial diving services on the outer continental shelf of the Gulf of Mexico, has been awarded a subsea inspection contract for a loading terminal facility in the Caribbean from a major oil and gas operator. Superior Offshore International will perform the two-week contract with an air diving team, operating from Superior Offshore International’s Gulf Diver V, a Diving Support Vessel.

Contact:
Andy Morales
andy.morales@superioroffshore.com
+1.713.910.1875

About Superior Offshore International

Superior Offshore International is a leading provider of subsea construction and
commercial diving services to the crude oil and natural gas exploration and production and gathering and transmission services on the outer continental shelf of the Gulf of Mexico. Superior Offshore’s subsea construction services include installation, upgrading and decommissioning of pipelines and production infrastructure, and its commercial diving services include recurring inspection, maintenance and repair services as well as support services for subsea construction and salvage operations. Superior Offshore performs its services in both surface and saturation diving modes in water depths of up to 1,000 feet. Superior Offshore’s operations also include ROV/Deepwater and Construction/Fabrication divisions.

Superior Offshore International is headquartered in Houston, Texas USA and maintains offices and support facilities strategically located in North America, Africa, and the Middle East.

http://www.maritime-executive.com/pressrelease/superior-offshore-international-announce/

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« Reply #68 on: May 03, 2009, 06:47:40 PM »

Superior Offshore's Troubles Continue
Thursday, April 3rd, 2008

HOUSTON, April 1, 2008 /PRNewswire-FirstCall/ --

Superior Offshore International, Inc. (the "Company") today announced it was unable to file its Annual Report on Form 10-K for the year ended December 31, 2007 (the "Form 10-K") within the prescribed time period because the Company's management needs additional time to complete the financial statement review and approval process and needs to provide additional documentation to its independent registered public accounting firm, KPMG LLP, in order to resolve certain pending items. In addition, management's negotiations to obtain additional financing in order to address the Company's liquidity position, as further described below, has contributed to this delay. If the Company is unable to obtain adequate additional or alternate financing, the Company expects that KPMG LLP would be required to include an explanatory paragraph in their opinion with respect to the Company's financial statements for the year ended December 31, 2007 expressing doubt about the ability of the Company to continue as a going concern. Even if the Company obtains additional financing, KPMG LLP may still conclude that it is necessary to include such a paragraph in its opinion.

Liquidity and Capital Resources

The Company presently has extremely limited liquidity and requires substantial additional financing to fund its operations and pay its obligations. As of March 31, 2008, the Company estimates on a preliminary basis that its total current liabilities exceeded its total current assets, before considering current deferred tax assets, by approximately $7.0 million. As of March 31, 2008, the Company had less than approximately $1.8 million outstanding under its senior secured credit facility with JPMorgan Chase Bank, N.A. The Company is currently in default under such credit facility. The Company's borrowing base capacity under such credit facility, which is affected by the composition of the Company's eligible domestic accounts receivable, was not sufficient to enable the Company to borrow significant additional funds under the facility as of March 31, 2008.

Additional Financing

On February 1, 2008, the Company retained Tudor, Pickering, Holt & Co. Securities, Inc. as the Company's financial advisor to assist the Company's Board of Directors in exploring a range of financial and strategic alternatives. These alternatives include, among others, obtaining additional or alternate sources of debt or equity financing, a sale or merger of the Company or other strategic transaction, a sale of certain company assets and execution of the Company's business plan.

In the event that the Company is unable to obtain additional financing in early April 2008, the Company will need to sell additional assets or obtain capital from other sources to fund its operations and pay its obligations.

Additional indebtedness or equity financing may not be available to the Company or, if available, such additional indebtedness or equity financing may not be available on a timely basis or on terms acceptable to the Company. In addition, the Company can provide no assurance as to the timing of any asset sales or the proceeds that could be realized by the Company from any such asset sales. Failure to obtain adequate financing or to raise funds from asset sales, should the need develop, could impair the Company's ability to meet its working capital requirements, to fund vessel charter obligations as they become due, to make necessary capital expenditures, to repay the Company's debts as they come due and otherwise to operate its business, and ultimately could require the Company to liquidate or initiate bankruptcy proceedings.

Senior Management Changes

As previously announced, on January 27, 2008 James J. Mermis resigned as Chief Executive Officer and Director effective on such date, and on February 8, 2008 Roger D. Burks resigned as Chief Financial Officer and Director, effective March 31, 2008. On January 27, 2008, the Board of Directors of the Company appointed E. Donald Terry, previously an independent director of the Company, to serve as Interim President and Chief Executive Officer of the Company until a successor is named. On February 11, 2008, the Board of Directors of the Company appointed Thomas E. Daman to serve as the Company's Executive Vice President and Chief Financial Officer effective as of April 1, 2008.

Cost Savings Initiatives

Since the appointment of Mr. Terry as Interim President and Chief Executive Officer, the Company has undertaken a number of initiatives to reduce costs and improve its efficiency and results of operations. In January 2008, the Company terminated the charter for the Adams Surveyor. In February 2008, the Company restructured its ROV division and terminated approximately 43 persons in that division. In March 2008, the Company closed its fabrication operation and approximately 80 individuals employed at that facility were terminated or resigned. In addition, in March 2008 the Company terminated approximately 11 persons on its corporate staff. Because of the timing of these initiatives, the benefit of the cost savings will not be fully reflected in the Company's results of operations until the second quarter of 2008. The Company is continuing to evaluate its operations and cost structure in an effort to identify additional cost savings.

Asset Sales and Contract Terminations

As previously announced, in January 2008, the Company sold the Superior Achiever, which was under construction, to Hornbeck Offshore Services LLC, or "Hornbeck," for approximately $70.0 million, the proceeds of which the Company used, among other things, to repay in full its term loan obligation to Fortis Capital Corp. and to repay a portion of its borrowings under its senior secured credit facility with JPMorgan Chase Bank. Following the sale, the Company has no further obligations to the shipbuilder with respect to the construction of the vessel; however, if certain construction costs for the Superior Achiever exceed $120.0 million, the Company will reimburse Hornbeck for the amount of such excess, up to $8.0 million. In addition, in connection with the sale of the Superior Achiever, the Company and Hornbeck entered into a five-year time charter for the Superior Achiever, or under certain circumstances, the HOS Iron Horse. The Company has the option to terminate the charter by giving 90 days' advance notice and paying a termination fee prior to the end of each six-month period within the term. The Company has provided Hornbeck with an $8.0 million cash secured letter of credit to secure its obligations to Hornbeck.

On February 29, 2008, the Company sold its subsidiary, Superior Offshore South Africa (Pty) Ltd., which owns the subsea construction, commercial diving, offshore crude oil and natural gas logistical support and marine salvage businesses that were acquired in December 2006 from Subtech Diving and Marine, in exchange for the settlement of a remaining liability of approximately $2.5 million under the related purchase agreement.

The Company has received a refundable deposit of $1.8 million for the sale or charter of the Gulf Diver V, one of the Company's four-point vessels, from a related party. The Company expects to consummate the sale, which is subject to lender approval and definitive documentation, in early April 2008. The Company may be required to recognize an impairment of up to $2.0 million in connection with the sale of the vessel. The Company may sell certain additional assets to generate cash to fund its operations and to pay its obligations. The assets that may be sold include, among others, two work class ROVs, and certain equipment previously used in the Company's fabrication operations.

Operations Update

The Company has entered into a contract for the Superior Endeavor to work in Saudi Arabia for approximately one year. The vessel is currently in transit and is expected to arrive in approximately two weeks.

The Company has entered into a subcharter for the Gulmar Condor, which the Company has chartered until April 2009, to work in the U.S. Gulf of Mexico for approximately six months, beginning March 10, 2008.

On March 24, 2008, the charter for the Gulmar Falcon was terminated by the vessel owner due to the Company's inability to pay its obligations thereunder when due. Although the vessel owner has terminated the charter for Gulmar Falcon, the Company is continuing to use the vessel on a short term basis until it completes its current project.

The Seamec III, which the Company has chartered until July 2008, is currently in Trinidad. The Company currently expects the vessel to return to the U.S. Gulf of Mexico, upon settlement of certain vendor invoices in the amount of approximately $1.0 million.

During the first quarter of 2008, the Company experienced very low utilization and day rates for its four point vessels, which are used in the U.S. Gulf of Mexico.

First Quarter of 2008 Update

The Company has not yet finalized its financial statements for the three months ended March 31, 2008. Based on preliminary unaudited financial information that is not yet complete and may materially change, the Company currently expects that its revenues for the first quarter of 2008 will not exceed $21.0 million and that its net loss for the first quarter of 2008 will be more than $32.0 million. As described above under "Cost Savings Initiatives", the Company has undertaken a number of cost savings initiatives the benefit of which will not be fully reflected in the Company's results of operations until the second quarter of 2008. If the Company incurs any pre-tax loss for the remainder of 2008 in excess of the amount recognized in the first quarter of 2008, management does not expect the Company to recognize any additional tax benefits associated with that loss.

The Company expects to record the following charges in the first quarter of 2008, which are reflected in the calculation of the Company's estimated net loss for the quarter disclosed above:

-- approximately $4.6 million related to the disposition of the Company's subsidiary, Superior Offshore South Africa (Pty) Ltd., as discussed above; -- approximately $650,000 on the sale of the Superior Achiever, as discussed above; -- approximately $5.5 million related to the cancellation of a contract to build a portable Saturation Diving System with Unique Systems LLC; -- approximately $825,000 related to the early termination of the charter for the Adams Surveyor; -- approximately $3.5 million related to the early termination of the Gulmar Falcon, as discussed above; -- a severance charge of approximately $675,000 and $1.6 million stock-based compensation severance in the first quarter of 2008 related to Mr. Burks' resignation from the Company and the disposition of the Company's subsidiary, Superior Offshore South Africa (Pty) Ltd., which is discussed above; and -- approximately $1.4 million for early extinguishment of debt in conjunction with the payoff of the term loan with Fortis Capital Corp. upon the sale of the Superior Achiever in January 2008, as described above.
The foregoing estimates include forward-looking statements and are subject to significant risks and uncertainties. Accordingly, the Company's final results for the first quarter of 2008 may be materially different than the foregoing estimates.

Pending Litigation

As previously announced, several putative class-action lawsuits have been filed against the Company alleging violations of the federal securities laws. In addition, two shareholder derivative lawsuits have been filed alleging violations of various laws. The Company believes that each of these lawsuits is without merit and the Company will defend itself vigorously.
Preliminary Unaudited Results of Operations -- Year Ended December 31, 2007.

The following results of operations are preliminary and have not been audited or otherwise reviewed by the Company's independent auditors or the Company's Audit Committee. In addition, the following preliminary unaudited results of operations have not been reviewed by all members of the Company's management that are expected to review such information before the filing of the Form 10-K. The following preliminary unaudited results of operations constitute forward-looking statements and are subject to significant risks and uncertainties. Accordingly, the Company's final, audited results of operations could be materially different from the preliminary unaudited results set forth below.

Revenues. The Company anticipates reporting revenues for the year ended December 31, 2007 of $260.8 million compared with $243.4 million for the year ended December 31, 2006, an increase of $17.4 million. The Company anticipates reporting that total vessel revenue days were 2,205 in 2007 compared with 2,686 in 2006, a decrease of 17.9%; that owned and long-term charter vessel revenue days were 1,164 in 2007 compared with 1,309 in 2006, a decrease of 11.1%, and that short-term charter vessel revenue days were 1,041 in 2007 compared with 1,377 in 2006, a decrease of 24.4%. Vessel utilization was 54% in 2007 compared to 89% in 2006. The increase in the Company's revenues from the year ended December 31, 2006 to the year December 31, 2007 was mainly due to the Company's British Petroleum Trinidad & Tobago project, which commenced early in the third quarter of 2007. In addition, the Company's revenues in 2007 were favorably affected by continued provision of diving personnel and technical expertise on vessels and platforms owned and operated by third parties. Revenues were negatively affected by the drydocking of the Superior Endeavour for scheduled upgrades beginning in early February 2007 and the drydocking of the Gulmar Falcon for scheduled upgrades beginning in July 2007. The Company placed the Superior Endeavour and the Gulmar Falcon back in service in September 2007 and October 2007, respectively. The Superior Endeavour, despite re-entering service in the third quarter of 2007, did not generate revenues until early October, while the Gulmar Falcon did not generate revenues until early November. The Company anticipates reporting that revenues relating to the Company's fabrication facility for the year ended December 31, 2007 were $7.8 million compared with $13.3 million for the year ended December 31, 2006, a decrease of $5.5 million, due to a decrease in the number of Gulf of Mexico projects requiring fabrication.

Costs of Revenues (excluding depreciation and amortization). Costs of revenues consist mainly of vessel charter costs, labor costs and related employee benefits, consumables and third-party equipment rentals. The Company anticipates reporting that costs of revenues for the year ended December 31, 2007 were $215.8 million compared with $141.8 million for the year ended December 31, 2006, an increase of $74.0 million. This increase was substantially due to increased third party equipment and vessel rentals and related mobilization of $123.1 million in 2007 compared with $76.0 million for 2006, and a $7.2 million charge with respect to the charter for the Toisa Puma and its subsequent termination. In addition, labor costs and related employee benefits costs were $59.7 million for the year December 31, 2007 compared with $33.1 million for the year ended December 31, 2006, due to the addition of the Company's foreign subsidiaries. Increased downtime for certain of the Company's vessels due to equipment upgrades or low utilization also contributed to higher costs, as these vessels were unable to generate sufficient revenues to offset labor and other operating costs associated with the vessels.

Operating Expenses. Operating expenses consist of selling, general and administrative costs not directly related to a specific project or job, depreciation and amortization, disposal of assets, insurance and bad debt expense. The Company anticipates reporting that operating expenses for the year ended December 31, 2007 were $73.5 million compared with $27.4 million for the year ended December 31, 2006, an increase of $46.1 million. The Company anticipates reporting that this increase was attributable to several factors: salaries, labor costs and related employee benefits increased $4.9 million due to increases in salaries and the size of the Company's staff; stock based compensation increased $12.6 million due to awards made under the 2007 stock incentive plan; professional fees increased $8.5 million due to reporting and other obligations under the Securities Exchange Act of 1934, compliance with the Sarbanes-Oxley Act, as well as several financing transactions; an impairment charge of $4.3 million on the Gulf Diver IV, which in December 2007 management decided to sell; and bad debt expense of $12.2 million due to write offs associated with four customers due to contract disputes and operational considerations. The Company also recorded a cash severance charge of $1.0 million and stock based compensation charge of $4.9 million in connection with the resignations of R. Joshua Koch, Jr. and Patrice Chemin from the Company in the fourth quarter of 2007. In addition, the Company is attempting to receive final documentation from two foreign-owned companies that operated on its behalf in U.S. waters in 2005, 2006 and 2007. This documentation, which the Company currently anticipates receiving, is to mitigate the income taxes due on these foreign companies' U.S. operations. If the Company is unable to receive such documentation, payments of approximately $3.2 million will be made to the U.S. Internal Revenue Service on behalf of the foreign companies and rebilled to one of the two companies and the Company anticipates a charge of $1.5 million will be taken with respect to the other company.

Non-Operating Expenses. The Company anticipates reporting that interest income (expense), net for the year ended December 31, 2007 was $(1.0) million compared with $0.1 million for the year ended December 31, 2006, an increase of $(0.9) million. Loss on extinguishment of debt was $4.6 million for the year ended December 31, 2007, compared with $0 for the year ended December 31, 2006, due to the write off of debt issuance costs of $3.9 million upon early payment of the Company's senior secured term loan and a commitment fee of $0.7 million with respect to a potential new term loan.

Provision (Benefit) for Income Taxes. The Company anticipates reporting that benefit for income taxes for the year ended December 31, 2007 was $(13.Cool million compared with a provision of $25.8 million for the year ended December 31, 2006, a decrease of $39.6 million. This decrease was due to lower profitability. The Company anticipates reporting that its effective tax rate was 40.4% for the year ended December 31, 2007 and 34.8% for the year ended December 31, 2006.

FORWARD-LOOKING STATEMENTS

This Notification of Late Filing on Form 12b-25 contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and the Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this notice, other than statements of historical fact, are, or may be deemed to be, forward-looking statements. Such forward-looking statements only speak as of the date of this notice and the Company assumes no obligation to update the information included in this notice. Such forward-looking statements include information concerning the Company's estimated results of operations, possible sources of capital, possible strategic alternatives, possible asset sales and the duration of customer projects and contracts. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties and assumptions, including the risk of continued delay in the completion of the Company's financial statements. Although the Company believes that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect the Company's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. In addition, investors should also review the factors contained in the "Risk Factors" section of the Company's Prospectus dated April 19, 2007 and filed with the Securities and Exchange Commission on April 20, 2007.

Contacts: Superior Offshore International Thomas E. Daman, CFO / thomas.daman@superioroffshore.com">">thomas.daman@superioroffshore.com / 713-910-1875 DRG&E Ken Dennard / ksdennard@drg-e.com">">ksdennard@drg-e.com / 713-529-6600

Link to newsletter article: http://www.newsletterscience.com/marex/readmore.cgi?issue_id=292&article_id=3067

Link to newsletter archive: http://www.newsletterscience.com/marex/archive_view.cgi?issue_id=292
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« Reply #69 on: May 03, 2009, 06:49:05 PM »

Diavaz-Oceanteam announces two new joint venture operating companies
Posted on Monday, 01 March by Rons_ROV_Links

20-FEB-04 ## Diavaz-Oceanteam is pleased to announce upon behalf of our partners the formation of two new joint venture operating companies DSC-Oceanteam BV and GeoLab-Oceanteam BV. These two new partner companies will align with Diavaz-Oceanteam in the broadening and strengthening of the new Group's position in services provided to the marine industry.Dutch Sea Cable (DSC) Oceanteam with the head office in Haren the Netherlands, have developed their core activity in the installation and trenching of submarine power systems, communication cables and trenching / remedial works on pipeline systems. To support these operations, DSC-Oceanteam operate three specialised vessels and have designed and developed specialist installation and trenching equipment encompassing not only offshore but also the difficult terrain of shore approaches.GeoLab-Oceanteam with offices in the Netherlands and UK operates in the marine offshore survey industry supplying a diverse range of specialist Construction and IRM support, geophysical and geotechnical data gathering and seabed mapping services.The two new merged companies compliment Diavaz-Oceanteam and significantly increase the knowledge base in soils engineering for offshore IRM, cable installation and remedial intervention within the Group. The three companies, each specialist's within their own fields will continue to operate in their own right providing services to their existing Clients and generate a greatly enhanced range of sub contract services available to contractors. Operating predominantly in Europe, Mexico and the Middle East the combined assets of the three Companies encompass DP vessels, DSV's, cable layers, trenchers, positioning and data management services with a combined turnover in excess of Euro 100 million and a staff of over 250 personnel.

http://www.rovworld.com/phpnuke/modules.php?name=News&file=article&sid=155


Oceanteam Press Release:

http://www.oceanteam.nl/download/press_release022004.pdf


Oceanteam Website

(snipped)

History

In 2005 the IMR division of Oceanteam was merged with DeepOcean AS and subsequently that company was listed on the Oslo Stock Exchange as DeepOcean ASA.

http://www.oceanteam.nl/?page=profile


DeepOcean is a recognised market leader in the provision of high quality services within Inspection, Maintenance & Repair, Survey and Construction Support and Subsea Decommissioning. DeepOcean operates in the oil, gas, and energy industry worldwide.
DeepOcean is the Subsea Division of the Trico Marine Group, a global provider of Vessels, Services and Engineering for the offshore energy and subsea services market. Trico Marine (“TRMA”) is traded on the NASDAQ.
The company was created in 1999 and is founded on the provision of high quality equipment and services combined with a team of highly experienced personnel with knowledge of deepwater operations worldwide.
DeepOcean controls modern fleet of Multi Purpose Support Vessels adapted to the service range of the company, and has driven the evolution of new state-of-the-art vessels equipped with integrated heavy weather launch/recovery systems for both ROV’s and equipment modules.
The company operates a “state of the art” ROV fleet, and has designed and perfected deepwater module handling systems. Dedicated vessels and systems are designed and built to operate in the most hostile environmental conditions.
DeepOcean employs a multi-skilled and multi-national workforce in excess of 600 persons and recognises that personnel development is a key component of its growth strategy. DeepOcean has a strong commitment to training and development, allowing employees to recognise their full potential whilst providing a successful contribution to the future of the company. A fully integrated support network is available, capable of managing multi-faceted projects and providing through-life support. Worldwide project management expertise is supported by the following core disciplines:
§   Research and development
§   Engineering and operational analysis
§   Geotechnical assessment
§   Survey, data acquisition/processing and reporting
§   ROV expertise
In addition to a graduate training programme and specialist in-house training and seminars, investments have been made in developing ROV virtual reality simulators to allow safe and effective training in the use of the company’s key offshore assets.
Today, DeepOcean is a truly international company having secured work in the North Sea, Mediterranean, West Africa, Brazil, South East Asia and Gulf of Mexico. It is headquartered in Haugesund (Norway) and supports its overseas contracts through regional facilities in Aberdeen, Norwich (United Kingdom), Den Helder (The Netherlands), Ciudad del Carmen (Mexico) and Macae (Brazil).

http://www.deepocean.no/index.cfm?id=64984


The TRICO Companies were incorporated in 1993.  The TRICO Companies include: North Sea-based Trico Supply AS and Trico Subsea AS; US-based Trico Marine Assets, Inc., and Trico Marine Operators, Inc.  The Trico Companies also include 11 direct and indirect foreign subsidiaries, as well as a joint venture with China Oilfield Services Limited.

http://www.tricomarine.com/index.htm
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« Reply #70 on: May 03, 2009, 09:28:10 PM »

SCHAEFER REALTY HOLDINGS LLC
 Dallas, TX
Kemah, TX   
SCHAEFER, LOUIS E
(MANAGER)


Associated Business
SUPERIOR OFFSHORE SERVICES, INC
SUPERIOR DIVING COMPANY, INC
SUPERIOR MARINE SERVICES, LLC
SUPERIOR OFFSHORE INTERNATIONAL, LLC
THE LOUIS E SCHAEFER, JR FOUNDATION
SCHAEFER REALTY HOLDINGS LLC
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« Reply #71 on: May 03, 2009, 09:49:33 PM »

GeoLab offer their services to a number of international and national Contractors, Oil Companies, Governmental Bodies, Scientific Research Institutes, etc…
GeoLab Portfolio includes, but is not limited to, the following Clients:

•ENI Spa – ITALIA
•ENI Congo – CONGO
•Dolphin Energy Ltd- UAE
•Shell UK Ltd. – U.K.
•Conoco-Phillips – U.K.
•Saipem Spa – ITALIA
•Saipem SA - FRANCIA
•Saipem UK Ltd. – U.K.
•Saipem Portugal Comercio Maritimo LDA – Madeira (PORTOGALLO)
•Saipem Mediterranean Services LLC – CROAZIA
•Snam Rete Gas Spa - ITALIA
•Snamprogetti Spa - ITALIA
•TMPC - ITALIA
•Micoperi Srl - ITALIA
•TS-Marine (Contracting) Ltd. – U.K.
•Subsea 7 Ltd. – U.K.
•Allseas B.V. - OLANDA
•Prysmian Cavi e Sistemi SpA (già Pirelli Cavi e Sistemi SpA) - ITALIA
•Nexans Norway A.S. – NORVEGIA
•Alcatel S.A. – FRANCIA
•Jan De Nul Group – BELGIO
•Dredging International - ITALIA
•DULAM International Ltd. - UAE
•TERNA Spa – ITALIA
•URS Italia – ITALIA

Projects

GeoLab track-record comprises a large number of the most prestigious and technical demanding projects including, but not limited to, the following:

 

PIPELINES & PLATFORMS
Shallow Water

•Adriatic Installation Campaign 2008
•Bahr Essalam Project
•Sabratha Platform Project
•DIDON Field Project
•Temsah Project
•TMPC
•Taurt Platform Project
•Taurt Pipeline Project
•El-Arish to Ashqelon
•Rosetta PIM Project
•AWA Paloukou & Ikalou
•Mafumeira
•Mimas & Thetys Development
•Shearwater & Galleon Projects
•Dolphin Project
•ADMA-OPCO 2006 Pipeline Inspection Campaign
DEEP WATER

•AQABA Project
•LGTS Greenstream Project
•Dalia Project
•Burullus Phase IV
CABLES

•Sirius, Solas & Esat Projects
•Italy-Greece FOL & HDVC Interconnector
•SACOI Project
•Bass-Link Project
•SAPEI Project
•Neptune Project
•Dolphin Umbilicals Project
OTHER MARKETS

•SINPOS Project
•TECSIS Project
•ARCHEOMAR Project
•IMDH Namibia and Angola Mining Surveys
 

In order to fulfil the requirements of the companies operating in the Port & Coastal Industry, GeoLab provides first-class nearshore survey services in support of the design, installation, commissioning and inspection phases of any coastal structures and activities, such as ports and harbours, coastal protection structures, dredging, beach reclamation, nearshore pipelines, etc..
GeoLab capabilities in this market include:

 

•ROV & Diving Underwater Inspections
•Debris & Wreck Surveys
•Port Dredging & Construction Surveys
•Swathe Bathymetry
•Shallow Seismic Surveys
•Seabed Acoustic Imaging
•Geotechnical Surveys Surface and Underwater Positioning Services
•Topographic Surveys
•Seabed Sampling and Analysis
•Hydrological & Bio-oceanographic Surveys
•Current, Tide and Wave Investigations
•Water Sampling and Analysis
•Oceanographic Modelling
•Environmental Impact Assessment
•Air & Scuba Diving Services
•Data Processing & Cartography

http://www.geolab.it/geolab_eng/geoLay_service_ispezioni_sottomarine.html
 
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« Reply #72 on: May 03, 2009, 10:23:50 PM »


I'm ready to help, Hotping...where should I start?  Any ideas?

    

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« Reply #73 on: May 03, 2009, 10:30:53 PM »


I'm ready to help, Hotping...where should I start?  Any ideas?

    



You there LifeSong??
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« Reply #74 on: May 03, 2009, 10:38:39 PM »

LOS ANGELES, Mar. 9 -- Venezuela's Petroleos de Venezuela SA has signed agreements with several international oil companies to form temporary consortiums for developing two LNG liquefaction plants.

"In these deals these companies become responsible for the engineering phase that represents a $200 million investment," said PDVSA board member Eulogio Del Pino at the signing ceremony.

The two groups will design, build, and operate two 4.7-million-tonne/year liquefaction plants at the Gran Mariscal de Ayacucho gas industrial complex in the northeastern state of Sucre, along with pipelines needed to supply them with natural gas.

PDVSA said the plants at Gran Mariscal, which it said would be the "most important gas industrial complex in Latin America," will process 28.8 tcf of natural gas from the Deltana platform and the Mariscal Sucre project in the Paria Gulf.

It said that $6.4 billion will be invested in the first liquefaction plant, while the consortiums will invest about $5.2 billion in the second facility. Both figures include extraction and pumping installations for developing the fields.

PDVSA will control both of the new companies with a 60% stake in each. One company is comprised of Galp Energia 15%, Chevron 10%, Qatar Petroleum 10%, and Mitsubishi and Mitsui jointly sharing 5%. The second company includes Galp Energia 15%, Energia Argentina 10%, Itochu 10%, and Mitsubishi and Mitsui 5%.

According to Ruben Figuera, PDVSA manager for joint ventures, the state firm plans to deliver 2.7 million tonnes/year of LNG starting in 2014 from each of the first two trains to "strategic markets" such as Argentina, the Caribbean, and Brazil, while 2 million tonnes/year from each train will be sold on the open market.

Delta Caribe Oriental
PDVSA said the accords announced this week are part of the process aimed at creating two joint companies for the Delta Caribe Oriental project.

Total investment in the Delta Caribe Oriental project will reach $19.6 billion, including development of offshore Blanquilla and Tortuga fields and a third train, which will send 3 million tonnes/year to the open market and 1.7 million tonnes/year to strategic markets, PDVSA said.

Partners in the $1.4 billion third train include Gazprom 15%, Petronas 10%, Eni SPA 10%, and Portugal's EDP 5%.

The new joint ventures are part of a strategy President Hugo Chavez's government developed to boost Venezuela's gas output to 11.5 bcfd in 2012 from 6.3 bcfd in 2007.


http://www.ogj.com/display_article/355651/120/ARTCL/none/Trasp/1/PDVSA,-IOCs-to-build-two-LNG-liquefaction-plants/
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« Reply #75 on: May 03, 2009, 10:43:27 PM »


I'm ready to help, Hotping...where should I start?  Any ideas?

    



You there LifeSong??

I'm here!  I don't know where to start though!
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« Reply #76 on: May 03, 2009, 10:46:02 PM »


I'm ready to help, Hotping...where should I start?  Any ideas?

    


OOPS....Sorry I stepped away for a few minutes...to eat watermelon....it was good.....Well as far as where to start....right now I'm just trying to find any connections between Geolab BV  and Silvetti's companies and I'm not having much luck..... I guess just try connecting Geolab with any of the know companies of Justin Solomon....See back on page 2 where I posted Jen's post to Me it has all the info.....Good Luck! 
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« Reply #77 on: May 03, 2009, 10:52:57 PM »


I'm ready to help, Hotping...where should I start?  Any ideas?

    



You there LifeSong??

I'm here!  I don't know where to start though!

Just got done watching 60 minutes!They had a piece on Chevron/Texaco destroying the rainforest's down in Ecuador.Point being.The spokesperson for Chevron kept repeating the word consortium!We found that Jim Mermis company Kaplan/Gulmar consortium was doing work in Lake Maracaibo,Venezuela..I believe these companies form consortiums as another layer of the shell game so to speak.I think if we start by looking for Oil consortiums down in that area it may give us a start..I'll post one i found and it kinda diagrams how the consortium works!Very interesting...Just a thought...

http://www.camelotoil.com/camelot-organization.php
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« Reply #78 on: May 03, 2009, 10:56:29 PM »


I'm ready to help, Hotping...where should I start?  Any ideas?

    



You there LifeSong??

I'm here!  I don't know where to start though!

Just got done watching 60 minutes!They had a piece on Chevron/Texaco destroying the rainforest's down in Ecuador.Point being.The spokesperson for Chevron kept repeating the word consortium!We found that Jim Mermis company Kaplan/Gulmar consortium was doing work in Lake Maracaibo,Venezuela..I believe these companies form consortiums as another layer of the shell game so to speak.I think if we start by looking for Oil consortiums down in that area it may give us a start..I'll post one i found and it kinda diagrams how the consortium works!Very interesting...Just a thought...

http://www.camelotoil.com/camelot-organization.php
Good Idea KTF! Also I believe the word tender is used alot instead of contract.

 
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« Reply #79 on: May 03, 2009, 11:02:49 PM »


One of Silvetti's companies:


Business Information:  This company profile is for the private company Alternative Positioning Solutions, Llc , located in Lafayette, LA. Alternative Positioning Solutions, Llc's line of business is transit surveyor.


Company Name: Alternative Positioning Solutions, Llc

Address: 401b Mecca St, Lafayette, LA 70508-3307 (Map)

Alt Business Name: 

Location Type: Single Location

Est. Annual Sales: $3,800,000 

Est. # of Employees: 46 

Est. Empl. at Loc.: 46 

Year Started: 2002 

State of Incorp: 

SIC #Code: 3829 

Contact's Name: John Silvetti Ii 

Contact's Title: 

NAICS: Other Measuring and Controlling Device Manufacturing

===================================

Great thinking, KTF!!  I'm following your link now...

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