Ocean Rig UDW Inc. (“Ocean Rig”), a global provider of offshore deepwater drilling services announced it was awarded contracts for the Ocean Rig Corcovado and the Ocean Rig Mykonos by Petróleo Brasileiro S.A. (“Petrobras”) for drilling offshore Brazil. The term of each contract is 1095 days, with a
GC Rieber Shipping is optimistic about the further development in 2011. “All the company’s vessels are now on relatively long contracts, which will contribute to solid and stable earnings going forward. In addition, we consider the outlook to be good in our market segments from 2012”, says CEO Irene
The Petroleum Safety Authority Norway (PSA) has granted BP Norge AS consent to carry out manned underwater operations (MUO). The consent relates to diving in connection with the projects ”Valhall Re-Development” (VRD) and ”Skarv Diving 2011”. The work has a planned duration of approx. 14 days both o
Incoming Woodside Petroleum Ltd chief executive Peter Coleman says the oil and gas giant won’t revisit an onshore processing option for … From Yahoo! [mappress] Source:Yahoo , May 13, 2011;
Financial Highlights Q1 2011 • Revenues of USD 89 million (Q4 2010: USD 123 million); • EBITDA of USD 29 million (Q4 2010: USD 42 million); • Operating margin of 32% (Q4 2010: 41% adjusted); • Adjusted net loss of USD 3.7 million before a non-cash charge of USD 4.2 million relating to the sale [&hel
The Petroleum Safety Authority Norway (PSA) has granted BP Norge AS consent to carry out manned underwater operations (MUO). The consent relates to diving in connection with the projects ”Valhall Re-Development” (VRD) and ”Skarv Diving 2011”. The work has a planned duration of approx. 14 days both o
Helix Energy Solutions Group, Inc. announced today 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
Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, reported that profit for the period jumped over 8-times to a record US$5.7 million for the three months ended March 31, 2011 on the back of a 292.2% increase in revenue to US$26.1 million. Sequentially, revenue grew by 2
According to provisional calculations REpower Systems AG (Prime Standard, WKN 617703) generated a total performance of EUR 1,275.7 million and recorded revenues of EUR 1,216.1 million. These figures correspond to a decline of 4.1% and 6.7% respectively compared to the same period of the previous yea
According to provisional calculations REpower Systems AG (Prime Standard, WKN 617703) generated a total performance of EUR 1,275.7 million and recorded revenues of EUR 1,216.1 million. These figures correspond to a decline of 4.1% and 6.7% respectively compared to the same period of the previous yea
Det norske oljeselskap ASA has received consent to carry out exploration drilling of well 25/6-4 in the North Sea with the Songa Delta mobile facility. The well will be drilled in production licence 414, approx. 20 kilometres east of Frøy. Drilling of sidetrack 25/6-4 A could be relevant. Water dept
Atkins’ expertise in geotechnical engineering has been cemented at the prestigious 2011 Ground Engineering Awards as the consultancy was recognised in three award categories. The first honour went to Benoit Latapie, who was named Young Geotechnical Engineer of the Year. Benoit, 27, joined Atkins fre
PaxOcean Engineering Zhoushan Co., Ltd. of Singapore, Singapore and The Levingston Corporation, Boerne, Texas, USA announced today that they have signed a Letter of Intent to build a Levingston designed 415WC (World Class) with an option for one additional similar vessel for an undisclosed contract
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
