Vessel utilization is defined as the percentage of the full quarter where the vessel is in paid work either in the form of acquisition, mobilization, demobilization, steaming, standby or other. The vessel utilization for the 9 seismic vessels operated by SeaBird for Q3 2010 was 66%, down from 76% in
Aker Solutions has signed three subsea contracts with Shell Offshore Inc for deliveries to the operator’s Popeye and Europa fields in the Gulf of Mexico. Contract values are undisclosed. Under the contracts, Aker Solutions will in total deliver approximately 40 km (25 miles) of electro-hydraulic ste
ExxonMobil, on behalf of the Marine Well Containment Company (MWCC), announced the award of a contract to Technip for front-end engineering and design of underwater well-containment equipment. This equipment, when complete, will be used by the MWCC to provide emergency response services in the U.S.
Business Plan 2011-2013 focuses on three strategic vectors: a reduction in the Cost of Energy (CoE), growth and improved efficiency. * Steady recovery in the EBIT margin (WTG), to 6%-7% in 2013. * Orders will provide a solid foundation for growth: backlog of 7,500 MW (including framework agreements)
Reference is made to the press release sent out on September 20, 2010 regarding the sale of the drillship Songa Saturn. Songa Offshore SE announced that the transaction is now finalized and the drillship was delivered to a wholly owned subsidiary of PetroSaudi Oil Services Ltd this morning. The dril
CGGVeritas provides its vessel utilization and its fleet allocation updates for the third quarter of 2010. Vessel utilization for the third quarter 2010: * The vessel availability rate1 was 87%. This compares to a 92% availability rate in the second quarter of 2010 and a 90% rate in the third quarte
Titanium Resources Group is pleased to announce that it has reached an agreement in principle (the “Agreement”) to resolve the dispute between its subsidiary, Sierra Rutile Limited (“SRL”), and the Government of Sierra Leone (“GOSL” or “Government”) which related to funds loaned by the GOSL to SRL.
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces third quarter production and the completion of the first workover in a five well workover
Tidewater Inc. announced today that it has entered into a contract with Drydocks World for the construction of four 265-foot deepwater platform supply vessels at its shipyard in Batam, Indonesia. The delivery of these high-performance, high-capacity, 3,200 metric ton deadweight platform supply vesse
AMEC, the international engineering and project management company, has been awarded a front-end engineering design (FEED) contract from National Grid Carbon for a carbon capture and storage (CCS) project at Longannet Power Station in Fife, Scotland. The value of the contract has not been announced.
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) announced they had signed a new production sharing agreement (PSA) on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea. The PSA was signed today in Baku by Rovnag Abdullay
Technip has been awarded a lump sum engineering, procurement, fabrication, installation, commissioning and start-up contract, worth nearly USD400 million, by the Khafji Joint Operations (joint venture between Aramco Gulf Operations and Kuwait Gulf Oil Company), for the Khafji Crude Related Offshore
Skanska has been commissioned to replace a pier at the U.S. Navy facility in Norfolk, Portsmouth, Virginia. The contract amount totals approximately USD 164 M, about SEK 1,150 M, which will be included in order bookings for the third quarter. The customer is the U.S. Navy Facilities Engineering Comm
Electromagnetic Geoservices ASA today signed a contract worth approximately USD 1.5 million with Total E&P UK Ltd and DONG Energy to acquire 3D electromagnetic (EM) data in the West of Shetland area on the UK Continental Shelf. Total has established a significant portfolio of exploration and develop
