Fugro Multi Client Services has started the NL-DEF-3d multi-client survey in the Netherlands. This major multi-client 3D survey, is designed to provide modern 3D long offset seismic data to boost exploration in the Dutch D, E and F blocks of the North Sea. The survey is covering over 6,000 sq.km ext
BP’s third-quarter replacement cost profit was $1,847 million, compared with $4,981 million a year ago. For the nine months, replacement cost loss was $9,528 million compared with a profit of $10,508 million a year ago. * The group income statement for the third quarter and nine months reflects a pr
Statoil was awarded one licence which covers parts of blocks 8/15 and 9/11D, close to the Statoil-operated Mariner heavy oil discovery, and two licences near the Faroe border. “We are very pleased to secure this new Statoil operated acreage in the UK,” says senior vice president for global explorati
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces success in the UKCS 26th Seaward Production License Round, expanding the Company’s portfol
Peter Immerz is the new General Manager of RWE Dea in Turkmenistan. Immerz takes over from Heiko Oppermann, who until now held the position of General Manager of RWE Dea AG, Turkmenistan Branch. “As the scale of our operations in Turkmenistan increases, it makes sense to expand our permanent presenc
Ensco plc announces that a subsidiary of the Company has reached an agreement with Nexen Petroleum U.S.A. Inc., a subsidiary of Nexen Inc. , regarding the drilling contract for ENSCO 8502, an ultra-deepwater semisubmersible drilling rig in the U.S. Gulf of Mexico. Under the agreement, a special rate
BG Group announced the appointment of Caio Koch-Weser as a Non-Executive Director with effect from 1 November 2010. Commenting on the appointment, BG Group’s Chairman Sir Robert Wilson said: “We are delighted to announce this appointment. Caio’s wealth of experience in government affairs, internatio
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) B/148 and 28/149 development wells. The Dzheitune (Lam) B/148, the third well in a series of wells to be drilled from the Dzheitune (Lam) B platform,
Lundin Petroleum AB announces that the gross Proven and Probable (2P) reserves for the Luno field have increased from 95 million barrels of oil equivalent (MMboe) to 149 MMboe. The Luno field is located in production licence PL338, offshore the Norwegian North Sea. The reserves have been re-evaluate
EnCore Oil announces that EnCore and its subsidiaries have been offered two licences covering six blocks and part blocks in the 26th Seaward Licensing Round. All six blocks have been offered under traditional licence terms. EnCore expects to become operator on both of the licences. The licences comp
The rapidly expanding renewable energy cluster at Port of Blyth received a major boost with the announcement of two long term deals linked to the offshore wind sector. Alnmaritec, an aluminium boat builder with a focus on the offshore wind sector, has been operating at the Port on a temporary basis
Royal Dutch Shell’s third quarter 2010 earnings, on a current cost of supplies (CCS) basis, were $3.5 billion compared to $3.0 billion a year ago. Basic CCS earnings per share increased by 16% versus the same quarter a year ago. Third quarter 2010 CCS earnings, excluding identified items , were $4.9
* Orders up 18%1 on industrial recovery and large power order * Revenues positive after five quarters of decline * Operational EBIT margin2 up to 14.0% as cost take-out delivers further benefits ABB’s order growth accelerated and revenues rose in the third quarter on a combination of continued growt
Further to earlier reports concerning the financial position of the SMIT pension fund, Boskalis announces that the board of the SMIT Pension fund Foundation (Stichting Pensioenfonds SMIT) has informed the Board of Directors of SMIT that it intends to reduce the pension entitlements by 13.2% from 1 J
