On 15th February, 2011 PETROVIETNAM, Japan Vietnam Petroleum Co., Ltd. (“JVPC”, a subsidiary of JX Nippon Oil & Gas Exploration Corporation) and Japan Oil, Gas and Metals National Corporation (“JOGMEC”,)have executed an agreement to implement CO2-EOR (Enhanced Oil Recovery) pilot test in Rang Dong o
Total Waste Management Alliance (TWMA), a world leader in environmental waste management services to the oil and gas industry, has been awarded drilling waste management contracts by BP worth around £4million. The contracts involve the containment, handling, processing, recycling and disposal of dri
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
It is technically feasible to remove concrete installations resting on the seabed. But this is comprehensive work that requires thorough planning and risk management. This is the conclusion reached by the consultancy firm Dr. techn. Olav Olsen, which has prepared the report ”Disposal of concrete ins
Energy Partners, Ltd. announced today the closing of three transactions, including the acquisition of oilweighted Gulf of Mexico shelf properties, closing of $210 million of 8.25% senior Notes due 2018 used to fund the acquisition and entry into a new $250 million credit facility with $150 million o
Mermaid Maritime Public Company Limited (“Mermaid”) refers to its previous announcement dated on 08 November 2010 titled: Announcement of Cessation of ‘MTR‐1’ Contract, where Mermaid announced the cessation by Cudd Pressure Control Inc. (“Cudd”) of the accommodation barge services contract for the ‘
Eni Norge has awarded a 4-year contract to Kuehne + Nagel to provide integrated transport, forwarding and customs clearance services. Eni Norge is part of the Italian integrated energy company Eni and operates in oil & gas exploration and production. The new agreement encompasses the provision of lo
Havila Saturn, a Havyard 842 design, is sold on from Havila Shipping ASA with a considerable profit to an international buyer. The AHTS vessel delivered in 2008 from Havyard Leirvik AS was the first ever Havyard design. With the ship now being sold on at a good profit only confirms that the Havyard
BP’s fourth-quarter replacement cost profit was $4,614 million, compared with $3,447 million a year ago. For the full year, replacement cost loss was $4,914 million compared with a profit of $13,955 million a year ago. The group income statement for the fourth quarter and full year reflects a pre-ta
Plans for undersea nuclear power reactors around the coast of France could see a boom in uptake of the technology… [mappress] Source: theecologist ,February 15, 2011;
GE today announces the appointment of new company officer. GE currently has 194 GE officers globally. GE officers lead large revenue generating businesses or are in critical functional roles, helping to drive growth. Anne M. McEntee, 40, has been appointed vice president of Dresser for GE Energy Ser
Maersk Drilling, an entity within the A.P. Moller – Maersk Group, has signed a contract with Keppel FELS Limited in Singapore for the construction of two ultra harsh, high capacity jack-up drilling rigs. The first rig is scheduled for delivery at the end of 2013, with the second rig following seven
Tordis and Vigdis, subsea fields in the North Sea, recently achieved production of a hundred million cubic metres oil. And there’s still a lot more to come. They’ve worked hard and steadily on the seabed for years; Tordis since 1994, Vigdis since 1997. They recently notched up an overall production
Highlights: Record full year subsea systems orders of $4.1 billion Record full year Company operating profit of $633 million Company provides 2011 guidance for diluted earnings per share of $3.20 to $3.40 FMC Technologies, Inc. today reported fourth quarter 2010 revenue of $1.1 billion and diluted e
