OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today that it has identified the presence of hydrocarbons in the Albian section of 1-OGX-30-RJS well, in the BM-S-58 block, in the sh
* First quarter revenue of $279 million increased by 24% from the $225 million reported in the first quarter of 2010 but was lower than the $292 million reported in the fourth quarter of 2010. * EBITDA in the first quarter increased by 36% to $41.4 million from $30.4 million in the first quarter of
In the Revised National Budget, the net cash flow from the petroleum sector in 2011 is estimated to NOK 311 billion (app. USD 56.8 Billion). This is an increase of NOK 23 billion (USD 4.2 Billion) from the National Budget 2011. – The petroleum industry is Norway’s largest and most important industry
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million. The five-year deal, with options to extend by up to a further four years, involves supplying electrical equipment
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million(USD 73.2 Million). The five-year deal, with options to extend by up to a further four years, involves supplying ele
Fugro Subsea Services Ltd. in Aberdeen, Scotland has taken delivery of their latest OCV vessel “Fugro Symphony” . The vessel is built by Bergen Group at BMV in Bergen. “Fugro Symphony” is of ST-327L CD design, developed by Skipsteknisk. The vessel is based on the previously built ST-327 serie of Sei
Fugro Subsea Services Ltd. in Aberdeen, Scotland has taken delivery of their latest OCV vessel “Fugro Symphony” . The vessel is built by Bergen Group at BMV in Bergen. “Fugro Symphony” is of ST-327L CD design, developed by Skipsteknisk. The vessel is based on the previously built ST-327 serie of Sei
Nexus Energy Limited announces that it has executed an agreement with McDermott Asia Pacific Pte. Ltd. (“McDermott”) to perform engineering and strategy review of the Crux liquids project. Under this agreement, Nexus has the right to review McDermott’s initial works by the end of June 2011. If this
Nexus Energy Limited announces that it has executed an agreement with McDermott Asia Pacific Pte. Ltd. to perform engineering and strategy review of the Crux liquids project. Under this agreement, Nexus has the right to review McDermott’s initial works by the end of June 2011. If this review is sati
Auto maker Volkswagen plans a major shift towards green energy by investing in wind farms and selling the electricity as part of a … (thelocal) [mappress] Source: thelocal, May 13, 2011
Auto maker Volkswagen plans a major shift towards green energy by investing in wind farms and selling the electricity as part of a … (thelocal) [mappress] Source: thelocal, May 13, 2011
Helix Energy Solutions Group, Inc. announced that it has promoted Cliff Chamblee to Executive Vice President – Contracting Services. Helix’s Contracting Services divisions include the Subsea Construction, Well Operations and Robotics business units. Mr. Chamblee co-founded Canyon Offshore, Inc in 19
Dolphin Geophysical AS announced the christening of M/V Polar Duke at the GMC Shipyard, Stavanger on 30th April 2011. Many attended the special occasion, which launched the flagship vessel of Dolphin Geophysical AS. Mrs Kari Hus Arnesen kindly assumed the position of Godmother to the vessel. M/V Pol
Statoil has received consent for extended use of the facilities on the Norne field beyond design life up to and including 31 December 2021. Norne is an oil field belonging to production licence 128. The field is located in the Norwegian Sea in blocks 6608/10 and 6608/11, and came online in November
