Business & Finance
Researchers Found Wreck of Russian Battleship Offshore China
A Russian battleship that was sunk in the Russo-Japanese War of 1904-1905 has been found off the coast of China near the city of Lyushun (fo… (RIA Novosti) [mappress] Source: RIA Novosti, November 09, 2011
New Zealand: Rena’s Salvors Still Struggling with Air Pockets
Pockets of air trapped in the Rena’s submerged starboard wing tank are believed to be the principal stumbling block preventing pumping of the last 358 tonnes of heavy fuel oil off the vessel Maritime New Zealand (MNZ) said. MNZ salvage advisor Jon Walker, of London Offshore Consultants, said that ev
PSA Norway Conducts Audit on Hammerfest LNG
From 20-23 September 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit activity of Hammerfest LNG, Statoil, where they followed up major accident risk, the company’s own follow-up and operation of onshore facilities, pipelines and subsea facilities. Objective The objective of t
Hyperdynamics Reports 3Q Net Loss of USD 4.4 Million. Updates on Guinea Operations
Hyperdynamics Corporation announced today that it has filed its quarterly report on Form 10-Q for the three month period ended September 30, 2011 with the SEC. Hyperdynamics reported a net loss of $4.4 million, or $0.03 per share during the quarter, compared to a loss of $2.9 million, or $0.03 per s
Croatia: Uljanik Shipyard Launches Two Vessels Build for United Shipping Services
Friday 28th October was a day filled with events starting with the delivery and signing of delivery documents for yard 488 “Veruda” constructed by ULJANIK Shipyard for United Shipping Services, which is Uljanik Plovidba. The commissioning documents were signed by Marinko Brgić, President of the Mana
Subsea UK Puts Integrity at Forefront of Subsea Europe
Subsea organisations must avoid catastrophic events by ensuring all aspects of subsea equipment integrity are addressed at the design stage. This is the message that will be relayed at a Subsea UK event to be held at the Hilton Paris La Defense in the French capital on 14 and 15 November. Industry l
Norway: Bergen Group’s 3Q Offshore Turnover Doubles
In this year’s third quarter, Bergen Group had a turnover of NOK 822 million and an operating profit of NOK 53 million before depreciation and amortisation (EBITDA). The numbers are mainly characterised by strong results from the corporation’s offshore activities, which have doubled the turnover so
Norway: October Oil Production Higher than Predicted
Norwegian Petroleum Directorate today reported preliminary production figures for October 2011. They indicate an average daily production of about 2 022 000 barrels of oil, NGL and condensate. This is an increase of 107 000 barrels compared to September. Gas production was about 8.2 billion Sm3, whi
UK: Falmouth Bay to Host Wave Energy Test Site
Falmouth Harbour Commissioners (FHC) and The Crown Estate have signed a lease to create FabTest, a new wave energy ‘nursery’ test site inFalmouth Bay on the south coast of Cornwall. The site has also been issued with a marine license by the Marine Management Organisation (MMO), which allows the moor
Rockhopper Confirms its 2nd Oil Discovery in North Falkland Basin
Rockhopper Exploration plc , the North Falkland Basin oil and gas company, provides the following update on Exploration well 14/10-9 (the “Well”). The Well penetrated multiple targets: Casper, Sea Lion Main Complex (“SLMC”), Kermit. The Well was drilled 5.9 km to the south west of the 14/10-2 discov
Denmark: Maersk Group’s Businesses in 3rd Q Performed Well and Delivered Good Returns
The Group’s profit was USD 371m (USD 1,671m) and return on invested capital (ROIC) was 4.8% (15.7%). Cash flow from operating activities was USD 2.1bn (USD 3.0bn). The majority of the Group’s businesses performed well and delivered good returns. The Group’s container and tanker activities continued
Maersk Oil Spuds T-Rex Prospect in Norwegian Sea
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has commenced on the T-Rex prospect (Faroe 30%), located in the Norwegian Sea. The T-Rex prospect
Julian Rickards Joins CDL as Business Development Manager (USA)
CDL Inc announces that Julian Rickards has officially joined the CDL team in the position of Business Development Manager, Americas. Since Julian first began working in the Oil & Gas Industry, he has been employed with an international technology company that develops solutions for acoustic position
Anadarko Reports Successful Itaipu Appraisal, Offshore Brazil
Anadarko Petroleum Corporation today announced the successful Itaipu-2 pre-salt appraisal well, located in block BM-C-32 in the Campos Basin offshore Brazil. The well was drilled to total depth of approximately 16,000 feet (4,877 meters) in 4,660 feet (1,420 meters) of water, and encountered a gross