Drydocks World announced today that it has won a US$ 100.4 million contract to build four Platform Supply Vessels (PSV), with option for four more units, for Tidewater Marine LLC, a wholly-owned subsidiary of Tidewater Inc., the world’s largest and most experienced provider of global marine support
Eni and Sonangol announce another important oil discovery at the Mpungi-1 well, offshore Angola. The well, located in Block 15/06, 120 km from the Angolan shoreline in 1,050 metres of water, was drilled to a total depth of 2,300 metres and encountered oil pay in both the Upper and the Middle Miocene
Tap Oil Limited (ASX: TAP) announces that it has agreed to sell its 75% interest in the R3 Retention Lease in the offshore Carnarvon Basin, Western Australia to Oil Basins Limited (OBL). The terms of the transaction are set out in the Oil Basins Limited ASX Release attached. Tap’s Managing Director
Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a contract valued at approximately $28 million for the supply of subsea wellhead systems to Petrobras for the Papa Terra field located in the Campos Basin offshore Brazil. Equipme
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) today announced that is has completed the acquisition of the Cidade de Rio das Ostras (Rio das Ostras) floating production storage and offloading (FPSO) unit from Teekay Corporation (Teekay) for a purchase price of approximately $158
– Ebitda rose 25.3% and net earnings by 25.2% due to diversification and solid assets – Ebitda rose 19.4% driven by an increased contribution from wind, higher production and capacity, as well as greater efficiency, offsetting the negative impact of gas – Installed capacity exceeded 12,000 MW wh
Norskan Offshore and DOF Subsea Brazil, two subsidiaries of DOF ASA have been awarded three 5 years contracts with Petrobras for RSV vessels (ROV Support Vessel). Geograph and two other vessels will be utilized for these contracts. Expected commencement for the contracts will be 1st half 2011 for tw
EnCore Oil plc notes the announcement today by Sterling Resources Ltd (“Sterling”), operator of the Cladhan discovery on UK Northern North Sea Block 210/29a. Sterling has received an independent resource evaluation from RPS Energy on the gross contingent and prospective oil in place estimated to exi
Lamprell , a leading provider of specialist engineering services to the international oil & gas and renewables industry, confirms that pursuant to an announcement issued earlier today by Eurasia Drilling Company Limited (“Eurasia”), it has entered into a Memorandum of Understanding with Eurasia for
Songa Offshore SE announces that a Letter Of Intent (LOI) has been received from Statoil Petroleum AS for the use of Songa Dee for a 3 years firm plus 1 year option Drilling Contract on the Norwegian Continental Shelf. The LOI is conditional to Partner approval and mutual agreement of contract terms
Fluor Corporation (NYSE: FLR) today announced that its third quarter results will include a charge of approximately $163 million, or $0.90 per share, for estimated cost increases on the Greater Gabbard Offshore Wind Project. During the third quarter, the project experienced a variety of execution ch
A subsidiary of Fred. Olsen Windcarrier AS, which is indirectly owned 50/50 by Bonheur ASA and Ganger Rolf ASA, has entered into a contract for the specialized transport and installation vessel for offshore wind turbines “Brave Tern” with the Belgian offshore company GeoSea NV. Duration of the contr
Halliburton announced today that net income for the third quarter of 2010 was $544 million, or $0.60 per diluted share. The third quarter results were unfavorably impacted by a non-cash impairment charge for an oil and gas property of $32 million, after-tax, or $0.04 per diluted share, and higher ta
The exploratory well GS-KV-1 drilled in the IF PEL block in KG Basin- Shallow offshore to a depth of 2,908m, produced gas from interval 2,698-2,696m & 2,694-2,691m @ 81,910 m3/d & condensate @ 47 bbls/d (6.4 m3/d) through 6 mm bean and from another interval 2677- 2672m @ 1,26,583 m3/d & condensate @
