Ropes made with Dyneema®, ultra-high molecular weight polyethylene (UHMWPE), are proving a safe and secure alternative to steel wire rope for connecting barges and vessels in “push combinations” working on inland waterways. In push combinations, the barge and the unpowered vessel in front of it have
Recently, members of the management of the Oil and gas service provider Dockwise, met an Amarcon delegation, to celebrate their ongoing relationship. Reason for this celebration is the completion of OCTOPUS-Onboard installations on all fifteen Dockwise vessels. The latest OCTOPUS-Onboard installatio
Petrobras announces the discovery of a new accumulation of good quality oil (26º API) in the Santos Basin pre-salt reservoirs. The discovery resulted from drilling well 4-BRSA-818 (4-RJS-668), named Macunaíma, at a water depth of 2,134 meters, located in the 1-RJS -617D (Parati) assessment area and
Tullow Oil plc (Tullow) announces that the Gharabi-1 well, located in Block 6 offshore Mauritania, was unsuccessful and has been plugged and abandoned. The well, drilled by the Maersk Deliverer(photo) in water depths of 1,787 metres to a total depth of 4,433 metres, intersected poorly developed wate
Polarcus Limited announces that the Company has received a Letter of Award for a 3D seismic acquisition project to be acquired by POLARCUS ALIMA, the fifth and latest vessel to join the Polarcus fleet and the second of the ULSTEIN SX134 design. The project will commence in April after vessel shakedo
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
SBM Offshore announces it has signed a long-term cooperation agreement with Mitsubishi Corporation (Mitsubishi) to jointly pursue FPSO lease and operate projects worldwide, subject to pre-existing agreements of each of the companies. Mitsubishi will be an equity partner with SBM Offshore for the own
FMC Technologies, Inc. announced today that it has signed a three-year frame agreement with ConocoPhillips Indonesia Inc. Ltd for the manufacture and supply of subsea production equipment. The contract includes an immediate $57 million call-off and is expected to result in approximately $96 million
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release its financial results for the quarter and year ended December 31, 2010 on Tuesday, February 22, 2011 at 7:00 am CST. A conference call with the Company will be held the same day at 9:00 am CST. The call in [&he
FMC Technologies, Inc. announced today that it has signed a three-year frame agreement with ConocoPhillips Indonesia Inc. Ltd for the manufacture and supply of subsea production equipment. The contract includes an immediate $57 million call-off and is expected to result in approximately $96 million
Exxon Mobil Corporation announced today that additions to its proved reserves in 2010 totaled 3.5 billion oil-equivalent barrels, replacing 209 percent of production. Excluding the impact of asset sales, reserves additions replaced 211 percent of production. “ExxonMobil continues to lead the industr
The consolidated turnover of the concern in 2010 exceeded the expected level by 4 percent. Net turnover of realization in 2010 was 304 MEUR that is 4 per cent more than had been expected. EBT totaled 23.7 MEUR thus exceeding the results of 2009 by 35 percent. In 2011 it is planned to increase [&hell
The United Nations Industrial Development Organization (UNIDO) and Statoil, a leading international energy company in oil and gas production, will work together to examine the feasibility of common projects to promote sustainable energy access and industry in developing countries. An agreement on th
Husky Energy Inc. recorded a 42 percent increase in 2010 cash flow compared to 2009. The Company reported a 58 percent improvement to fourth quarter cash flow compared to the same period of 2009. Net earnings in the quarter were higher by 19 percent compared to the third quarter 2010 on the strength
