RWE Dea AG, Hamburg, is on a positive course: in fiscal 2010, the company boosted its earnings by 50 per cent. The operating result amounted to 305 million euros in the year 2010 (2009: 203 million euros). “This surge in earnings is attributable to a significant recovery of the market environment,”
Apply Sørco announced it has entered into an agreement with Subsea Technology Group (STG) to acquire Altra Energy Ltd. (Altra). Altra has its main competence within FEED (Front End Engineering & Design), process engineering and operations support. The company currently engages over 60 people and is
SeaBird Exploration PLC (‘SeaBird’ or ‘SBX’) announces the following new contracts awarded in the 2D and 3D shallow water as set out below; Hawk Explorer (photo) has been awarded a short survey in direct continuation from the current employment in West Africa where the vessel will be employed until
SeaBird Exploration PLC informs the following new contracts awarded in the 2D and 3D shallow water as set out below; Hawk Explorer has been awarded a short survey in direct continuation from the current employment in West Africa where the vessel will be employed until end May / early June 2011. Nort
A search team led by the Woods Hole Oceanographic Institution (WHOI) has located the wreckage of Air France Flight 447 some 3,900 meters, or nearly 2.5 miles, below the surface of the Atlantic Ocean off Brazil’s northeastern coast. The team left the port of Suape, Brazil, aboard the vessel Alucia on
International oil service company Aker Solutions is establishing a specialised EPC company in order to further leverage the experience and expertise built up through field development projects over more than 40 years. Today, Aker Solutions announces that the new company, previously launched under th
In early March it was declared that the world leading NATO Submarine Rescue System (NSRS) has now achieved full operating capability. This is great news and the culmination of a 20 year project in which Northumberland-based IHC Engineering Business (IHC EB) has played a pivotal role with the design
Transocean Ltd.’s senior management team, led by Chief Executive Officer Steven Newman, announced that they are voluntarily donating the safety bonuses that were awarded to them for 2010 to the Deepwater Horizon Memorial Fund. “The executive team made this decision because we believe it is the right
Otto Energy Ltd advises that Mr Paul Moore, Managing Director of Otto Energy Ltd has given notice of his resignation effective close of business Friday, 1 July 2011. Mr Moore has explained that his decision, not made lightly, was for personal reasons and he will be relocating overseas. The Board has
TGS announces that it has signed a Letter of Intent with Dolphin Geophysical AS to charter the M/V Polar Duke for 3D multi-client projects in Europe during the 2011 summer season. The charter will begin in May 2011 and will last for a minimum of 3 months. The agreement also provides an option for TG
TGS announces that it has signed a Letter of Intent with Dolphin Geophysical AS to charter the M/V Polar Duke for 3D multi-client projects in Europe during the 2011 summer season. The charter will begin in May 2011 and will last for a minimum of 3 months. The agreement also provides an option for [&
Solstad Offshore ASA (SOFF) has entered into agreement with NOR’s other shareholder, Nortrans Invest Pte. Ltd for the purchase of their 40,9% ownership share in NOR. SOFF will, after the transaction, own 100% of the share capital in NOR. The transaction is estimated to be completed April 14th 2011,
Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB (Lundin Petroleum), operator of production licence 338, has completed well 16/1-15 on the Tellus prospect as an oil discovery. The well has been successfully tested and a comprehensive logging and coring program has been acquired. Th
Solstad Offshore ASA (SOFF) has entered into agreement with NOR’s other shareholder, Nortrans Invest Pte. Ltd for the purchase of their 40,9% ownership share in NOR. SOFF will, after the transaction, own 100% of the share capital in NOR. The transaction is estimated to be completed April 14th 2011,
