AWE Limited advises that it has today entered into an Executive Services Agreement to appoint Mr Bruce Clement as its Managing Director effective February, 2011. AWE’s current Managing Director, Mr Bruce Wood, will continue to act in his current capacity until Mr Clement assumes his position to ensu
EnCore Oil announces that EnCore and its subsidiaries have been offered two licences covering six blocks and part blocks in the 26th Seaward Licensing Round. All six blocks have been offered under traditional licence terms. EnCore expects to become operator on both of the licences. The licences comp
Husky Energy announced it has received approval from the Government of Indonesia for an extension to the existing Madura Strait Production Sharing Contract (PSC), originally awarded in 1982. The Madura Strait PSC includes the Madura BD and MDA fields, as well as numerous other prospects and leads. T
WHL Energy Ltd. announcedthat it has signed a Share Sale Agreement with the shareholders of SEYCO Energy Pty Ltd. (SEYCO) to acquire 100% of the shares in SEYCO, an entity that is in the process of acquiring the rights to a large exploration holding on the southern continental shelf offshore Seychel
The rapidly expanding renewable energy cluster at Port of Blyth received a major boost with the announcement of two long term deals linked to the offshore wind sector. Alnmaritec, an aluminium boat builder with a focus on the offshore wind sector, has been operating at the Port on a temporary basis
Desire Petroleum plc, the oil and gas company wholly focused on the North Falkland Basin, provides further update on the drilling progress to date on the Rachel 14/15-1Z sidetrack well. The well reached its measured total depth of 3,418 metres on 27 October and the process of pulling out of the dril
Royal Dutch Shell’s third quarter 2010 earnings, on a current cost of supplies (CCS) basis, were $3.5 billion compared to $3.0 billion a year ago. Basic CCS earnings per share increased by 16% versus the same quarter a year ago. Third quarter 2010 CCS earnings, excluding identified items , were $4.9
* Orders up 18%1 on industrial recovery and large power order * Revenues positive after five quarters of decline * Operational EBIT margin2 up to 14.0% as cost take-out delivers further benefits ABB’s order growth accelerated and revenues rose in the third quarter on a combination of continued growt
KBR announced today that third quarter 2010 net income attributable to KBR was $97 million, or $0.62 per diluted share, compared to net income attributable to KBR of $73 million, or $0.45 per diluted share, in the third quarter of 2009. Consolidated revenue in the third quarter of 2010 was $2.5 bill
Further to earlier reports concerning the financial position of the SMIT pension fund, Boskalis announces that the board of the SMIT Pension fund Foundation (Stichting Pensioenfonds SMIT) has informed the Board of Directors of SMIT that it intends to reduce the pension entitlements by 13.2% from 1 J
The Patrick administration started crafting a plan last May to buy a $91 million, publicly funded ship whose main job would be to plant wind… By Christine McConville (bostonherald) [mappress] Source: bostonherald, October 28, 2010
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, announces that it has been provisionally awarded four new exploration licences west of Shetland under the UK 26th Lic
Lundin Norway AS has received consent to carry out exploration drilling in the North Sea with the mobile facility Mærsk Guardian. The consent applies to drilling of exploration well 3/8-1, which is part of production licence 400. The well has the following geographical coordinates: N 56º 27′ 16.93”,
Helix Energy Solutions Group, Inc. reported net income of $26.2 million, or $0.25 per diluted share, for the third quarter of 2010 compared with net income of $3.9 million, or $0.04 per diluted share, for the same period in 2009, and a net loss of $85.6 million, or $(0.82) per diluted share, in the
