Simen Lieungh (50) will take over as the new CEO of Odfjell Drilling on October 1, 2010. Mr. Lieungh comes from the position of CEO of Aker Solutions and replaces Ketil Lenning, who has been CEO of Odfjell Drilling since 2001. Under Mr. Lenning’s management, Odfjell Drilling has seen significant gro
Oil and gas estimated at between three and 19 million barrels of oil equivalent have been found by Statoil roughly three kilometres east of the Gudrun field in the North Sea. The find was made in the Brynhild prospect where one exploration well was drilled with one technical sidetrack. “The Brynhild
Statoil ASA will change its organisational structure as a response to future business opportunities and challenges, and to support … (marketwatch) [mappress] Source: marketwatch, August 19, 2010;
Wellstream International Ltd., a wholly owned subsidiary of Wellstream Holdings Plc , announced the award of a major offshore installation… (rttnews) [mappress] Source: rttnews, August 19, 2010;
Highlights first half year 2010 · Net profit € 123.9 million (1H 2009: € 102.7 million) · Revenue € 1,135 million (1H 2009: € 989 million) · SMIT activities contribute to first half year earnings · High fleet utilization · Order book at € 3.3 billion Outlook for 2010 · Continued strong performance w
BP has picked Wednesday as the deadline for accepting claims from people and businesses affected by the Gulf oil disaster. (cnn) [mappress] Source: cnn, August 18, 2010;
Highlights • Turnover for the half-year at US$ 1.4 billion (H1 2009: US$ 1.4 billion); • EBIT increased by 14% compared to H1 2009; • Net profit for the half-year at US$ 92.5 million (H1 2009: US$ 95.5 million) includes a non-cash US$ 21 million mark to market hedging loss; • Total order backlog at
Dredging International N.V., member of the Belgian dreding, environmental and hydraulic engineering Group DEME, has been awarded a contract for capital and optional maintenance dredging works in the Soyo LNG port in Angola. The works will be executed by DEME in joint venture on 50/50 basis and have
BP today announced the completion of its purchase from Devon Energy of an additional interest in the BP-operated Azeri-Chirag-Gunashli… (abc) [mappress] Source: abc, August 17, 2010;
Royal Boskalis Westminster N.V. has been awarded a contract for the capital and maintenance dredging of the Soyo LNG port in Angola. The total contract value is approximately € 155 million in which Boskalis has a 50% share. The contract was awarded by Angola LNG Ltd. Work is set to commence in 2010
ARKeX, the provider of geophysical imaging services, has commenced a 6712 line km BlueQube Marine gravity gradiometry survey for a Svenska Petroleum Exploration led consortium, offshore Guinea Bissau. The West African republic has seen increasing exploration activity over the past few years with sev
Oil industry body UK Oil and Gas is proposing to more than double the maximum liability cover rigs need under the Offshore Pollution… (insurancetimes) [mappress] Source: insurancetimes, August 16, 2010;
This statement is made by the Board of Directors (the “Board”) of Prosafe Production Public Limited (“Prosafe Production” or the “Company”) pursuant to sections 6-16 and 6-19 of the Norwegian Securities Trading Act in connection with the voluntary offer by BW Offshore Limited (“BW Offshore”, “BWO” o
About the same time as oil company BP managed to seal its leaking well in the Gulf of Mexico, Russian authorities approved the introduction… [mappress] Source:oilandgaseurasia , August 16, 2010;
