Seadrill today reports consolidated revenues for the first quarter 2011 of US$1,110 million compared to US$1,169 million for the fourth quarter 2010. Operating profit for the first quarter was US$430 million, down from US$479 million in the fourth quarter 2010, which included US$26 million in gain o
Since launching BroadSeis at Barcelona last year, CGGVeritas has recorded BroadSeis data in many locations around the world, in different water depths and over different geologies. In all cases the increases in bandwidth at both low and high frequencies (six octaves have been recorded in the Gulf of
Conductor Installation Services Ltd (CIS), an Acteon company, has been awarded the largest contract in its history by Weatherford Nigeria. The USD multi-million dollar contract requires CIS to provide a range of conductor installation services in Nigeria on behalf of two major operators in the regio
Wintershall, the largest German crude oil and natural gas producer with operations worldwide, has once again stepped up its activities in Norway by raising the company’s share in the Maria discovery to 50 percent, the company announced. The discovery is one of the largest oil discoveries in Norway i
The Company’s net income was $3,517 million in the first quarter of 2011, which is 71.3% higher y-o-y. EBITDA was $5,343 million, which is 43.3% higher y-o-y. Sales revenues were $29,626 million (+23.9% y-o-y). Positive dynamic of our financial results was mainly due to a sharp increase in hydrocarb
CB&I announced today that it has been awarded a contract valued at approximately $150 million by Nexen Petroleum U.K. Limited for the detailed engineering of two fixed platforms for the Golden Eagle field in the U.K. sector of the North Sea. CB&I’s scope of work includes detailed engineering design
As part of its environmental program, Solstad Offshore has long focused on innovative environmental solutions for its clients through”Solstad Green Operations”. Since the autumn of 2010, the company has offered its clients the opportunity to operate the company’s vessels on a climate neutral basis.
Sercel has successfully deployed SeaPro Nav, its new integrated navigation system for all in-water equipment. SeaPro Nav is currently being used as the master integrated navigation system on board two CGGVeritas 3D vessels, including the Elnusa Finder operated by the Elnusa CGGVeritas joint venture.
Marathon Petroleum Norge AS, a wholly-owned subsidiary of Marathon Oil Corporation , has signed an agreement with RWE Dea Norge AS to acquire a 30 percent working interest in production licence (PL) 330 in the northern Norwegian Sea. “This transaction is part of our ongoing efforts to ensure Maratho
The newly established company SWORC A/S has signed with Tuco ApS, to begin construction of the first of its special purpose shallow water oil recovery vessels aptly dubbed SWORC (Shallow Water Oil Recovery Catamaran). This 6m catamaran boasts several unique features enabling it to operate effectivel
ULSTEIN’s stand at Nor-Shipping has been bustling since the exhibition opened in Oslo on Tuesday this week. On the first day of the exhibition, ULSTEIN launched a new App for iPad containing material from publications, films from naming ceremonies and tank tests, as well product sheets. The App can
Subsea services group Acteon has acquired Aberdeen-based NCS Survey Limited. The acquisition adds to Acteon’s capability in the rig-positioning market and provides an additional suite of survey services to clients that operate rigs and vessels. NCS Survey provides high-precision rig-positioning, con
Repsol has been awarded the “Equality in the workplace” emblem by the Ministry of Health, Social Policy and Equality, in recognition of the outstanding equal treatment and opportunities policy the company implements with its employees. It is a mark of excellence in equality which aims to serve as an
Operating profit for the first quarter came to USD 14.1 million (USD 40 million). Utilisation of the rigs declined to 61 per cent (73 per cent). Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency have been fully utilised in the first quarter. MSV Regalia operated for
