The 2010 study of trends in risk level in the Norwegian petroleum activity (RNNP) shows a sharp rise in well control incidents and gas leaks back at a high level. Magne Ognedal, director-general of the Petroleum Safety Authority Norway (PSA)(photo), describes this as a matter of concern. The Norwegi
The first of two platform supply vessels (PSVs) of the PX106 type design was successfully launched from Alianca shipyard in Brazil mid-April. The vessel is the first of four X-BOW® vessels for offshore shipowner CBO to be built at Alianca. After the launch, the superstructure was lifted onto the ves
FMC Technologies, Inc. reported first quarter 2011 revenue of $1.1 billion and diluted earnings per share from continuing operations of $0.35. The diluted earnings per share included a tax benefit of $0.03 per diluted share. Total inbound orders of $1.4 billion were up 11 percent from the first quar
Nexen Inc. announced today that the company’s growth strategy achieved an important milestone when the Board of Directors approved plans to proceed with the Golden Eagle project in the North Sea. Golden Eagle will be a two-platform standalone facility with production capacity of approximately 70,000
Blue Offshore has been awarded a lease agreement for a subsea cable installation system by Norddeutsche Seekabelwerke GmbH (NSW). The system includes the uniquely adaptable modular turntable system, loading arm assembly, tensioners, trackways and associated equipment, to assist with the installation
CNOOC Limited announces its results for the first quarter of 2011.During the period, the Company achieved a total net production of 85.2 million barrels of oil equivalent (BOE), representing an increase of 26.6% year-on-year (YoY). For the first quarter of 2011, the Company made five new discoveries
The third of its type in Statoil’s portfolio the vessel will help reduce the costs of well interventions and enhanced oil recovery. Statoil has awarded Island Offshore a framework agreement for light well intervention (LWI) services from their vessel Island Constructor. The duration of the framework
FMC Technologies, Inc. reported first quarter 2011 revenue of $1.1 billion and diluted earnings per share from continuing operations of $0.35. The diluted earnings per share included a tax benefit of $0.03 per diluted share. Total inbound orders of $1.4 billion were up 11 percent from the first quar
Singapore oil terminal ATB has presented Inai Kiara-Van Oord JV with an award for their commitment and contribution in achieving 1 million safe man hours without long term injuries. This result was achieved at the construction of a hydrocarbon storage and distribution project at Tanjung Bin in Malay
Octanex N.L. has been advised by Eni Australia Limited, the Operator of the Galahad-1 well located in the outer Exmouth Plateau permit, WA-363-P, that Galahad-1 spudded at 06:30 hours WST (Western Standard Time) on Sunday, 24 April 2011. The Galahad-1 well is being drilled by the Saipem 10000 drills
Premier Oil has successfully completed operations on the appraisal sidetrack CRD-2X-ST on block 07/03, offshore Vietnam. This sidetrack reached its planned total depth of 3,340 metres (m) in the Miocene section and intersected 18.3m of net oil pay. This compares with 34.4m of net oil pay intersected
Ensco plc and Pride International, Inc. jointly announced today that they each will hold special shareholder meetings on 31 May 2011 to vote on the merger of their companies, creating the world’s second largest mobile offshore drilling fleet. The Ensco and Pride joint proxy statement/prospectus has
ATWOOD OCEANICS, INC., a Houston-based international offshore drilling contractor , announced today that one of its subsidiaries has been awarded a six-month contract extension with a six-month option, both priced at the current dayrate of $90,000, with an affiliate of Nucoastal (Thailand) Limited f
Statoil has awarded Island Offshore a framework agreement for light well intervention (LWI) services from their vessel Island Constructor. The duration of the framework agreement is three years, with an option to extend for another year. The third of its type in Statoil’s portfolio the vessel will h
