Her Majesty the Queen has announced the award yesterday (Her Majesty’s birthday), on the advice of the Prime Minister and the associated advisory committee, which includes representatives from Government and industry. The award recognises significant business success resulting from continuous innova
Jee, a pipeline, riser and subsea engineering and training company, announces that Alan Gray has joined the company as permanent Business Development Director, based in Aberdeen. Alan has 28 years’ experience in the oil and gas industry. This, combined with his entrepreneurial instinct, exceptional
Rosneft President Eduard Khudainatov and Lukoil President Vagit Alekperov yesterday signed an agreement for long-term cooperation between their companies. Igor Sechin, Russia’s Deputy Prime Minister was present during the signing ceremony. Given the successful development of their mutual cooperation
SMD has been honoured with the prestigious Queen’s Award for Enterprise in the innovation category for the design and manufacturer of Work Class Remotely Operated Vehicles (WROVS). The company, based in Wallsend near Newcastle-upon-Tyne, is one of the world’s leading manufacturers of remote inventio
Schlumberger Limited today reported first-quarter 2011 revenue of $8.72 billion versus $9.07 billion in the fourth quarter of 2010 and $5.60 billion in the first quarter of 2010. Net income attributable to Schlumberger, excluding charges, was $972 million—a decrease of 16% sequentially but an increa
Ensco plc reported diluted earnings per share from continuing operations of $0.45 for first quarter 2011, compared to $1.12 per share in first quarter 2010. There were no discontinued operations in first quarter 2011. Earnings from discontinued operations in first quarter 2010 were $0.21 per share t
RWE Dea Norge has been awarded two licences in the recent licensing round by the Norwegian Government. This further strengthens the company’s long-term commitment on the Norwegian Shelf. RWE Dea was awarded a 30% share in the license PL609 in the Barents Sea and a 15% share in the license PL596 in t
Wood Group, the international energy services company, confirms the completion today of the acquisition of Production Services Network Limited (“PSN”). Bob Keiller has today been appointed as executive director of Wood Group and CEO of the combined Wood Group PSN production services business. In con
The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties discussed the issues of bilateral cooperation in the energy sector within the Strategic Partnership Agreeme
On 20 April 2011, STX Finland Oy and Saipem S.p.A signed a contract on major overhaul and maintenance of the semisubmersible pipelay vessel Castoro Sei. The work on the ship, providing employment for as many as about 1,000 people, will be completed by STX’s Turku shipyard. The Castoro Sei is a 152 m
Following the announcement made on 21 December 2010 that the Chief Financial Officer of Lamprell plc would step down by the end of this year, the Company confirms that it has agreed terms for the appointment of Jonathan Cooper as Chief Financial Officer. It is anticipated that Jonathan will join the
IFS, the global enterprise applications company, launches its Center of Excellence for the Oil & Gas industry. The Center will be based in Norway. Founded on IFS’s successful track record delivering project-based industry solutions to mid-size and large companies within the oil & gas industry, the c
The Gazprom Board of Directors adopted the updated Program for hydrocarbon resources development on the Russian Federation shelf until 2030. The Company’s Management Committee was tasked to continue the activity on the Russian continental shelf development and render a performance report for the Boa
Aker Solutions has signed two contracts with Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of complete drilling equipment packages for two new deepwater drillships. The contracts have a total value of about $230 million. The drilling equipment and systems will be installed on the
