Petrofac Limited (Petrofac, the group or the Company), a leading international provider of facilities solutions to the oil & gas production and processing industry, today announces its final results for the year ended 31 December 2010. FINANCIAL HIGHLIGHTS • Net profit(1) up 58% to US$557.8 million
On Friday (March 4) at the Gazprom headquarters Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL signed an Agreement on Gas Supply from the Bolshekhetskaya Depression and the Northern Caspian Sea. Pursuant to the Agreement, LUKOIL will supply Gaz
Specialists from TMK, the global producer of pipes for the oil and gas industry, took part in lowering a tubing string with Premium-class threaded connections into a well of more than 2.5 kilometers deep, situated on LUKOIL’s Yury Korchagin oil deposit in the Caspian Sea. The pipes were produced at
Sterling Resources Ltd. is pleased to announce the successful drilling of appraisal well 42/13a-6 in the Breagh Field located in the United Kingdom Southern North Sea. Sterling holds a 30% interest in the Breagh field, with RWE Dea, the operator holding the remaining 70% interest. The well was drill
Financing for the Nord Stream project is secured: Today, the company together with its shareholders in the consortium, OAO Gazprom, E.ON Ruhrgas AG, BASF SE/Wintershall Holding GmbH, N.V. Nederlandse Gasunie, and GDF SUEZ S.A. announced the successful signing of Phase II financing of the pipeline pr
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASAš, has entered into a Letter of Award for the provision of the semi-submersible Borgsten Dolphin (photo left) with an undisclosed client for a four well drilling programme with an approximately six month duration and commencement early Apri
IGas, a domestic gas producer and leading developer of unconventional gas resources in the UK, today announces that it has received the necessary regulatory approval to become the operator and sole owner of its licences. This follows an announcement on 31st January 2011 of the signing of an agreemen
FoundOcean has been awarded the offshore grouting contract by SBM Offshore for the MOPUstor Phase 2 installation in the Yme Oil Field, North Sea. Grouting equipment has been mobilised and set up on the work vessel, and a suitable work window is awaited prior to mobilisation of the 12-man crew. The M
Rising demand for floating offshore gas terminals has resulted in the development of new technologies and specialised units, leading to a number of innovative design concepts. Based on DNV’s extensive experience in this segment, the company has prepared a detailed design and construction guidance, s
KONGSBERG has completed the world’s longest multi-sensor AUV pipeline survey using one of its cutting-edge HUGIN 1000 Autonomous Underwater Vehicles (AUV). The pipeline inspection took place February 9th – 11th 2011, in the Hjelte fjord near Bergen, Norway and the HUGIN 1000 was operated from the Ro
SBM Offshore’s consolidated result for 2010 is a net profit of US$ 276.0 million, a 20.0% increase in comparison with the 2009 net profit of US$ 230.0 million. This result includes non recurring items which generated a net gain of US$ 9.0 million in 2010 (US$ 32.4 million in 2009). Net profit attrib
Yard number 288 from Ulstein Verft, the platform supply vessel ’Rem Hrist’, was delivered to Remøy Shipping at 3 March 2011. ’Rem Hrist’ is Remøy Shipping´s first vessel from Ulstein Verft. Her sister vessel, ’Rem Mist’, yard number 289, is under construction and will be delivered later this spring.
Gérard Mestrallet, Chairman and Chief Executive Officer, commented: “GDF SUEZ achieved solid results in 2010, and outperformed all its targets, in spite of the impact of de-correlation of oil and gas prices in the Global Gas and LNG business line. On top of its key positions in domestic markets, GDF
Following an oil leak into the sea on Wednesday near the Rolf platform, Maersk Oil can report that based on observations from its boat and a helicopter flight this morning, that the leak has been stopped. A vessel carrying floating boom barriers is arriving to the location this morning and a second
