Business & Finance
Norway: PSA Inspects BG’s Knarr Development Management
On 8 December 2011, the Petroleum Safety Authority Norway (PSA) conducted an audit of BG Norge’s (BG) management of the Knarr field development. The objective of the audit was to inspect the company’s compliance with health, safety and environment requirements in connection with the Knarr field deve
USA: Baker Hughes 2011 Revenue Hits USD 19.8 Billion
Baker Hughes Incorporated BHI -3.02% today announced adjusted net income (a non-GAAP measure) for the fourth quarter 2011 of $534 million, or $1.22 per diluted share. This excludes an after-tax charge of $220 million ($0.50 per diluted share) related to the impairment of certain trade names. This co
USA: Court Clears Dril-Quip from Responsibility for Deepwater Horizon Incident
Dril-Quip, Inc. today announced that Judge Carl J. Barbier, the federal court judge in the Eastern District of Louisiana presiding over the multi-district proceeding In Re: Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico, on April 20, 2010, issued an order on January 20, 2012 gran
Nautronix Appoints Business Development Manager in Brazil
Nautronix, a company specializing in Through Water Communication and Positioning Technology for the Offshore Industry, has appointed Alessandra Bunel as Business Development Manager for the Brazilian region. Alessandra will be based full time at Nautronix’ Brazilian office in Rio de Janeiro and will
Greece: GL’s Exchange Forum – Environmental Updates for Maritime Industry
GL’s Exchange Forum on “Environmental Updates for the Maritime Industry” looked at the vital task of reducing the maritime industry’s environmental impact. With concern over the international economic situation dominating the headlines, the tendency is for environmental issues to take a back seat. T
UK: Enquest Buys Further into Kraken
EnQuest PLC (‘EnQuest’) today announces that it has agreed with Nautical Petroleum plc (‘Nautical’) to acquire a 25% interest in the Kraken oil discovery, together with interests in surrounding exploration acreage. This agreement, by which EnQuest will also become the operator of the proposed develo
UK: Valiant to Submit Fionn Field FDP in 1H 2012
Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced that it has signed an agreement with Valiant Petroleum plc to proceed with early installation of subsea facilities for the development of the Fionn Field in the UK Northern North
SCI Takes Delivery of New Supramax Bulk Carrier from China
The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Supramax Bulk carrier, m.v. Vishva Ekta on 18th January, 2012. The vessel is the fourth vessel of SCI’s six nos. Supramax bulk carriers ordered at STX (Dalian) Shipbuilding Co. Ltd., China, which is part of the world renowned STX Of
Gazprom Buys 3 BCM of Gas from Azerbaijan
Yesterday in Krasnaya Polyana Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR) signed in the presence of Russian President Dmitry Medvedev and Azerbaijani President Ilkham Aliev an addendum to the eff
Expro Supports Maersk Oil UK’s North Sea Ops
Leading international oilfield services company Expro has recently secured a multi-million pound contract win with global oil and gas company Maersk Oil. The contract involves providing surface well testing, clean-up services and large bore subsea safety systems for Maersk Oil UK’s contracted mobile
Expro Wins Multi-Million Pound Contract from Maersk Oil UK
Leading international oilfield services company Expro has recently secured a multi-million pound contract win with global oil and gas company Maersk Oil. The contract involves providing surface well testing, clean-up services and large bore subsea safety systems for Maersk Oil UK’s contracted mobile
Australia: Anketell Port to Give New Opportunities for Exports
The Western Australian Government is facilitating the development of a new major deepwater port and industrial precinct at Anketell in the Pilbara. The multi-user deepwater port and strategic industrial area, located 30 kilometres east of Karratha and 10 kilometres from Cape Lambert, will complement
Tonga Boosts International Connectivity with New Submarine Cable Project
The Government of the Kingdom of Tonga, the Asian Development Bank (ADB) and the World Bank have launched a $34 million project which will allow Tonga to gain high-speed internet access by financing the development of a submarine cable system. The Prime Minister of Tonga, Lord Tu’ivakano delivered t
Ophir Hires Eirik Raude for Drilling in Equatorial Guinea
Ophir Energy has contracted Ocean Rig’s “Eirik Raude”, a dynamically positioned semi-submersible rig, to drill its Equatorial Guinea exploration campaign. Ophir plans a 60 day programme beginning in April 2012 of three firm wells, plus one contingent well in its operated Block R. The wells are desig