HHI today held a naming ceremony for the Usan FPSO, the world’s largest floating production storage and offloading facility. The Usan FPSO can refine 160,000 barrels of oil and 5 million cubic metres of gas daily. It has storage for 2 million barrels of oil. The facility is 320m long, 61m wide, 32m
To strengthen the capital structure and to further secure the capital structure targets DONG Energy A/S announces its intention to issue, subject to market conditions, new callable subordinated capital securities due 3010. At the same time DONG Energy hereby announces an invitation to all holders of
Origin Energy advises that the Tarapunga-1 exploration well, that spudded on 5 November 2010, continues drilling operations as planned. The well is being drilled vertically using the semi-submersible drilling rig Kan Tan IV which is being managed for Origin by Australian Drilling Associates (ADA). D
The Naming Ceremony of Siem Garnet took place in Ulsteinvik 4th of November at 12 PM. The godmother of this vessel is Maneesha Khanna Eriksrud. Siem Garnet is the 8th ship, out of the total of 10 VS491 CD, that is delivered from Kleven Maritime to Siem Offshore and Singa Star. Siem Opal, the next [&
BOURBON confirms that the 3 BOURBON employees abducted in Nigeria on board Bourbon Alexandre(photo) during the night of 21 to 22 September 2010 were released today. Despite difficult conditions while in captivity, they all appear to be in good health. They are currently being looked after by the mem
Hyperdynamics Corporation announced today the appointment of William O. “Bill” Strange to the Company’s Board of Directors. Bill Strange is a retired audit partner with Deloitte & Touche LLP. He joined the international accounting firm in 1964 and became a partner in 1976, specializing in audits of
* Market development holds back new business * Revenue target for 2010 reduced to around one billion Euros * EBIT margin target of 4% for the full year confirmed * Gross margin increased to 26,7 (22,3) percent * Order book increased to EUR 2.4 billion Hamburg, November 11, 2010. In the third quarter
Subsea 7 Inc. , through its i-Tech division, today announced an award by Petrobras International for the provision of remotely operated vehicle (ROV) services onboard a new build ultra-deepwater drillship. The contract is valued at US $18m. The initial contract term is five years, which can be exten
The Board of Directors of DONG Energy A/S has today approved the interim financial report for the first nine months of 2010, which developed as follows compared with the results for the first nine months of 2009: Revenue was up DKK 2,699 million at DKK 38,490 million. EBITDA was up DKK 3,202 million
The Board of Directors of DONG Energy A/S has today approved the interim financial report for the first nine months of 2010, which developed as follows compared with the results for the first nine months of 2009: Revenue was up DKK 2,699 million at DKK 38,490 million. EBITDA was up DKK 3,202 million
Operating income for the quarter amounted to USD 73.4 million (USD 58.2 million). EBITDAFX was USD 18.5 million (USD 17.1 million). Operating loss was USD 19.5 million (loss of USD 0.2 million), and net loss was USD 66.4 million (net profit of USD 0.5 million). Operating income was USD 15.2 million
Darkness, extreme weather and shifting sea ice could delay efforts to stop an oil well blowout in the U.S. Arctic Ocean for six months or more, trapping spewed oil in ice for up to a decade according to a report released today by the Pew Environment Group. The study, “Oil Spill Prevention and Respon
Aker Solutions advanced H6 drilling rigs use integrated Milestone video surveillance for state-of-the-art operational control in harsh environments. Aker Solutions is building model H-6e drilling rigs, the latest-generation of semisubmersible platforms specially designed to conquer the challenges of
Apache Corporation announced that it has completed its merger with Mariner Energy . The merger closed following its approval by Mariner’s stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million i
