Business & Finance
UK: Premier Gets Nod for Solan Field Development Plan
Premier has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to produce approxima
Severn Trent De Nora to Exhibit Its Wastewater Treatment Systems at OTC (USA)
Severn Trent De Nora, a leading provider of electrolytic seawater disinfection systems, will showcase its line of water and wastewater treatment systems at the Offshore Technology Conference (Hall D Stand 2405) to be held 30 April to 3 May 2012, at Reliant Park in Houston, Texas. The following produ
USA: JHSV 1 Completes Builder’s Sea Trials
The first ship in the Navy’s new Joint High Speed Vessel class, the future USNS Spearhead (JHSV 1), completed Builder’s Sea Trials, April 19, in Mobile, Ala. JHSV 1 is a versatile, non-combatant, transport ship that will be used for fast intra-theater transportation of troops, military vehicles, and
Eco Atlantic Enters into 5 JOA’s with NAMCOR (Namibia)
Eco (Atlantic) Oil & Gas Ltd. has entered into five separate Joint Operating Agreements (JOA’s) with NAMCOR, the National Petroleum Corporation of Namibia, with respect to its five license blocks onshore and offshore Namibia. Through the Company’s wholly-owned subsidiary, Eco Oil and Gas (Namibia) (
Turkish TPAO Hires GSP Jupiter Rig for Black Sea Drilling
Romania’s GSP Offshore has announced that it has signed a contract for its jack-up drilling rig GSP Jupiter with Turkish national oil and gas company TPAO. GSP Jupiter has been awarded a contract for offshore drilling services, for Istranca 1 well (+ 1 optional well) on Black Sea Block 3920 on the T
DNV Announces Financial Results for 2011 (Norway)
DNV achieved a 3.7% growth in operating revenue, from NOK 9,792 million in 2010 to NOK 10,156 million in 2011. The operating profit increased by NOK 248 million, or 31%, from NOK 810 million in 2010 to NOK 1,058 million in 2011. The net profit after tax for 2011 came to NOK 730 million, compared [&h
Hercules Offshore Profit Sinks (USA)
Hercules Offshore, Inc. today reported a loss from continuing operations of $38.3 million, or $0.28 per diluted share, on revenue of $143.3 million for the first quarter 2012, compared with a loss from continuing operations of $13.6 million, or $0.12 per diluted share, on revenue of $159.4 million f
USA: ExxonMobil 1Q Profit Drops to USD 9.5 bln
ExxonMobil, one of the world’s largest publicly traded international oil and gas companies today reported an 11% decrease in its first quarter 2012 earnings. The company revealed the earnings of USD 9.5 billion, a drop of USD 1.2 billion when compared to the same period a year ago when it earned USD
USA: Cameron Releases Results for First Quarter
Cameron reported net income of $134.0 million, or $0.54 per diluted share, for the quarter ended March 31, 2012, compared with net income of $109.5 million, or $0.43 per diluted share, for the first quarter of 2011. The first quarter 2011 results included after-tax charges of $7.0 million, or $0.03
UK: Technology Strategy Board Plans to Invest in Oil and Gas Innovation
The Technology Strategy Board is to invest up to £1 million in feasibility studies, to be led by SMEs, which will stimulate innovation in the oil and gas sector and accelerate the development and deployment of new technologies. Proposals for the studies should focus on the areas of increasing oil an
Ireland and UK Sign Marine Research and Development Co-Operation Agreement
Dr Peter Heffernan CEO, Marine Institute, and Prof Ian Wright, Deputy Director, Science and Technology, National Oceanography Centre (UK) signed a Memorandum of Understanding (MoU) in the presence of the Minister for Agriculture, Food and the Marine, Simon Coveney, TD, to foster closer co-operation
Norway: DNV Announces Financial Results for 2011
DNV achieved a 3.7% growth in operating revenue, from NOK 9,792 million in 2010 to NOK 10,156 million in 2011. The operating profit increased by NOK 248 million, or 31%, from NOK 810 million in 2010 to NOK 1,058 million in 2011. The net profit after tax for 2011 came to NOK 730 million, compared [&h
TOYO Secures Contract to Install Topsides Units on FPSO OSX 3 (Brazil)
MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a joint company created by Toyo Engineering Corporation and MODEC, Inc. established in Singapore, has been awarded a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system by MODEC’s Singaporean
Borders & Southern Raises Cash for Falklands Seismic
Borders & Southern Petroleum announces that is has successfully placed 55,320,000 million new ordinary shares at £0.84 per share with institutional shareholders to raise £46,468,800 million before expenses. These funds will be used to acquire additional 3D seismic within the Company’s existing acrea