Apache Corporation today reported that production set a new annual record, averaging nearly 658,000 barrels of oil equivalent per day for the 12-month period ending Dec. 31, 2010, up 13 percent from the prior year. Liquids production increased 18 percent, and this, combined with higher oil prices, d
Highlights 2010 *Delivered strong performance through the cycle with full year EBITDA of $463.3 million *Full year Marine contract EBIT margin of 17% with improving GeoStreamer® momentum *Strong MultiClient sales with improved sales to investment ratio *Improved Q4 2010 revenues, EBITDA and EBIT com
Grenland Group has entered contract with Statoil for delivery of Front End Engineering and Design (FEED) in connection with upgrade of drilling facilities on Gullfaks B (GFB DU FEED). The value of the contract is around NOK 25 million, and the work starting immediately, will be executed at the compa
Drilling of the well # 2522 from the platform # 2521 was started at Oil Rocks field. The project depth of the well drilled to Gala Suite by Oil Rocks Offshore Drilling Works Office of Complex Drilling Works Trust totals 1520 meters. According to geologists, the daily production of the well # 2522 wi
Annual net income increased from 2009 as a result of record segment operating income performances from Remotely Operated Vehicles (ROV), Subsea Products, and Advanced Technologies. Quarterly net income improved on the strength of higher Subsea Products operating income. T. Jay Collins, President and
Oceaneering International, Inc. reported fourth quarter and record annual earnings for the periods ended December 31, 2010. For the fourth quarter of 2010, on revenue of $501.3 million, Oceaneering generated net income of $47.8 million, or $0.88 per share. During the corresponding period in 2009, Oc
Aminex PLC (‘Aminex’ or the ‘Company’) provides the following announcement regarding its reserves in the USA and volumetric calculations in connection with its ‘Nyuni’ project, offshore Tanzania. USA. Proved reserves (1P) of 2.5 million barrels oil equivalent net to Aminex, valued at $49 million. Ta
Farstad Shipping achieved an operating income of NOK 905.3 million for the 4th quarter. The operating profit (EBIT) was NOK 203.9 million. The profit after taxes was NOK 39.5 million. The operating income at 31.12.10 was NOK 3 358.2 million. The operating profit (EBIT) was NOK 899.3 million. The pro
The board of Oslo Børs has today imposed a fine on Sevan Marine ASA (the “Company”) in the amount of NOK 411.600- USD 71.664 (equal to two times the annual listing fee) as a sanction for breach of information obligation towards the market. The OSE board held that the equipment failure encountered on
Harbour porpoises are small toothed whales widespread in the cool, coastal waters of the Northern Hemisphere. They are identified as a protected species within the European Union. They echolocate by sending out “clicks” at a frequency of around 130 kHz. Eigil has spent 12 years of his porpoise life
Energean Oil & Gas announces the successful completion, testing and placement on production of the PA-35 infill well on Prinos Field. Reaching a total depth of 2,975 meters, ahead of budget in terms of both time and cost, the well is the first of a series of drilling activities and other interventio
Transocean Ltd. announced that one of its subsidiaries has been awarded five-year drilling contracts for two newbuild high-specification jackup rigs for operations in Thailand for a subsidiary of Chevron Corporation . The five-year drilling contracts are expected to commence during the first quarter
Idemitsu Oil & Gas Co., Ltd. , JX Nippon Oil & Gas Exploration Corporation and Teikoku Oil (Con Son) Co., Ltd. announce a discovery of oil and gas at an exploration well in the “Dai Nga” structure in the Blocks 05-1b & 05-1c southern offshore Vietnam. The Blocks 05-1b & 05-1c are located 300 [&helli
You would think that a cut to future subsidies for solar power in Spain would have minimal impact on northern European wind developers. (blogs.ft ) [mappress] Source: blogs.ft, February 17, 2011
