Foster Wheeler AG announced today that Umberto della Sala, 62, has been named Interim Chief Executive Officer, effective October 22. Mr. della Sala fills the CEO position vacated by Robert C. Flexon, who left the company on October 22 to pursue other interests. The company has begun an external sear
The Norwegian Petroleum Directorate has granted Eni Norge ASA a drilling permit for well 7210/12-5, cf. Section 8 of the Resource Management Regulations. Well 7210/12-5 will be drilled from the drilling facility Polar Pioneer at position 71°11’57.99” north and 20°54’54.57” east. The drilling program
Prosafe Production, a leading owner and operator of Floating Production, Storage and Offloading vessels (FPSOs), announces interim financial report for 3rd quarter 2010: · Operating result before depreciation and restructuring charges of USD 56.8 million · Extension of contract for Abo FPSO · Produc
Xcite Energy Ltd announced that the 9/3b-6 well on the Bentley field is progressing on plan, on schedule and has reached target depth for the first part of the planned work programme, the pilot section of the well. The pilot section confirmed 113ft oil column, some 40ft thicker than the 73ft prognos
“Having tested our oil spill preparedness plans ahead of the imminent drilling operations in the Barents Sea, we can now confirm that they perform as planned,” says Knut Harald Nygård, Statoil’s new exploration manager for the Barents Sea. The three operators, Statoil, Eni and Lundin, together with
The plan for development and operation of the Valemon field in the North Sea has been submitted to the Ministry of Petroleum and Energy today with the goal of starting production in 2014. Calling for the installation of a new unstaffed platform, the PDO has been presented for official approval by op
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 15/6-11 S, cf. Section 8 of the Resource Management Regulations. Wellbore 15/6-11 S will be drilled from the drilling facility Ocean Vanguard in position 58º 34’ 08.32” north 01º 42’ 10.54” east after
Aker Solutions has agreed to transfer ownership in its subsidiary Aker Marine Contractors (AMC) to Singapore listed company Ezra Holdings Ltd (Ezra) in exchange for equity instruments in Ezra and cash. In addition, 50% of Aker Solutions’ ownership in the Aker Connector installation vessel will be tr
In January-September the offshore gas condensate field Shah Deniz produced 5,344,000,000 cubic meters of gas, according to sources in SOCAR. By Rufat Abbasov (News.az) [mappress] Source:news.az, October 21, 2010;
Seadrill Limited announces today that it intends to issue up to US$650 million in principal amount of convertible bonds with a seven-year tenor. This amount includes an increase option of up to US$100 million that has been granted to the joint bookrunners of the offering. The senior, unsecured bonds
Mercon Steel Structures B.V. has signed a framework agreement with Shell U.K. Limited and the Nederlandse Aardolie Maatschappij B.V. (NAM) for the construction and installation of Riser Access Towers (RAT). The framework agreement encompasses the call off of one and possibly up to nine RAT’s. These
In Nigeria, Saipem has been awarded a subcontract for the Critical Crude Pipeline Replacement Project. The awarded scope of work encompasses fabrication, transportation, installation and testing of the replacement of 6 pipe lines (having a diameter ranging between 10 and 24 inches) connecting 6 plat
Ensco plc reported diluted earnings per share from continuing operations of $0.92 for third quarter 2010, compared to $1.01 per share in third quarter 2009. As previously reported, the Company has recovered possession of the ENSCO 69 drilling rig, which now has been reclassified as continuing operat
Nexans, the worldwide leader in the cable industry, has been awarded a contract worth in excess of 14 million euros by BP Exploration Operating Company Ltd of Aberdeen to deliver a subsea umbilical system for the Devenick gas field in the North Sea. Nexans wins major subsea umbilicals contract from
