Mermaid is announces that its 49% owned special investment vehicle, Asia Offshore Drilling Limited (“AOD”) has recently successfully carried out the Strike Steel Ceremony for second of two proprietary KFELS B Class jackup rig ‘Hull-B321’ at Keppel FELS’ (“Keppel FELS”) yard at 50 Gul Road, Singapore
As part of the homeland security activity in the United States, the Environmental Protection Agency (EPA) continues to test commercially available water quality sensors for their ability to provide a warning alarm due to deliberate or unintentional contamination events within a drinking water system
Dril-Quip, Inc. today announced net income of $20.9 million, or $0.52 per diluted share for the three months ended December 31, 2010, versus net income of $28.7 million, or $0.72 per diluted share for the fourth quarter of 2009. The fourth quarter 2010 results include an after-tax charge of $4.8 mil
FMC Technologies, Inc. announced that Peter D. Kinnear will be succeeded by John T. Gremp as President and Chief Executive Officer effective March 1, 2011. Additionally, Mr. Gremp has joined the Company’s Board of Directors. Mr. Kinnear will continue in the role of Chairman of the Board until Octobe
FMC Technologies, Inc. announced today that Peter D. Kinnear will be succeeded by John T. Gremp(photo) as President and Chief Executive Officer effective March 1, 2011. Additionally, Mr. Gremp has joined the Company’s Board of Directors. Mr. Kinnear will continue in the role of Chairman of the Board
Seadrill has entered into an agreement for the construction of two tender rigs with the COSCO Nantong Shipyard in China. The two new units, T15 and T16, are scheduled for delivery in the first quarter and third quarter 2013, respectively. Total project price is estimated at US$225 million, which inc
Uruguay state-run oil company ANCAP signed a contract with the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of Pelotas, Punta del Este and Oriental del Plata offshore basins. It is expected that after signed the contract with Fugro, t
Leading international oilfield service company Expro announces today that it has secured a new subsea contract in the UK. TAQA Bratani has awarded Expro with a 12-month subsea contract in the North Sea. The contract will see Expro provide TAQA with large bore landing strings for their 2011 work scop
NOR Energy AS (NOR) and its partner Antrim Energy Inc. (“Antrim Energy”) have entered into two agreements that may lead to the resumption of exploration activities on the Production Sharing Agreement for the Pemba – Zanzibar exploration licence offshore and onshore Tanzania (the “P-Z PSA”). The two
Seatec received an order for the conversion of an existing subsea slib-sampler. Seatec will design and install a complete subsea package to be used in combination with the existing slib-sampler. Two seperate junction boxes will be installed. One with all electrics and one with pneumatics as well as
AGR Petroleum Services, the world’s largest independent well management company, has appointed a new manager to oversee and grow its global consultancy division. Kirsty Crook, who has been a part of AGR Consultancy Services for nearly a decade, has now been promoted to have global responsibility for
Tap Oil Limited announced an underlying profit after tax (excluding nonrecurring items) of $2.9 million, up from a loss of $0.6 million in the previous year. Due to non-recurring items such as exploration impairments and write-downs , the company reported a loss after tax of $61.4 million, down from
Endeavour International Corporation announced the United Kingdom Department of Energy and Climate Change (DECC) has approved the Rochelle Field Development Plan (FDP) for Block 15/27 in the Central North Sea, now known as East Rochelle. This approval represents phase one of the development of the Gr
Spring Energy has agreed to acquire Marathon Petroleum Norge AS’ 17.5 % interest in production license 438, located in the Barents Sea. An exploration well targeting the Skalle prospect is scheduled to be drilled in the license this summer. Lundin is the Operator for PL438, while the other license p
