Transocean Ltd. reported net income attributable to controlling interest of $677 million, or $2.09 per diluted share, on revenues of $2.602 billion for the three months ended March 31, 2010. The results compare to net income attributable to controlling interest of $942 million, or $2.93 per diluted
Russian leaders are hoping that the launch of the country’s first major Caspian Sea offshore energy development project will re-invigorate.. [mappress] Source: eurasianet, May 9, 2010;
Oil services firm OEG Offshore has announced several key appointments to head up the operations team at its Aberdeen base. The company – which specialises in the design, build and rental of cabins and cargo-carrying container units for the offshore oil and gas market – has recruited three new employ
Normand Ranger for Solstad Offshore is delivered from Ulstein Verft. Completion of the anchor handling vessel has been a challenging task but the shipyard delivers the project to the agreed terms within time. Ulstein Verft won the contract with GIEK and Sparebank 1 SR-Bank for completion of the anch
Bourbon Offshore Maritima, formerly Delba Maritima Navegacao, the BOURBON subsidiary inBrazil, has strengthened its position on the Brazilian market by signing contracts with Petrobras for 13 new vessels. The contracts cover: – 1 Bourbon Liberty 200, an 80-tonne traction AHTS (Anchor Handling Tug Su
Dockwise Ltd. today announces two major awards for transport and installation projects and for two routine marine infrastructure transport. Total revenues for the various commitments are expected to reach almost USD 65 million. Dockwise has agreed a letter of intent (LOI) with one of the oil majors
Northern Offshore, Ltd. reported today that upon completion of the third well of a five-well drilling program for VietGazprom offshore… [mappress] wthr, May 4, 2010;
Norwegian industrial group Scana Industrier ASA said that it, via its subsidiary Scana Volda AS, has won two orders worth some NOK30m within the marine segment. The first delivery, which will take place in 2010, consists of four reduction gears for two oil recovery vessels, to be built at Guangzhou
Anders Almestad, President Offshore at Rolls-Royce Marine, has issue the following statement regarding the company’s recent acquisition of ODIM ASA. “I am pleased to inform you that on 19 April, Rolls-Royce completed the acquisition process to become the owner of ODIM ASA. Over the coming weeks and
Sigma Offshore, which has developed a pioneering mooring and fluid transfer system for oil and gas production vessels, has secured funding totalling US$6.1m from global oil and gas services company National Oilwell Varco (NOV), Scottish Enterprise’s Scottish Venture Fund (SVF) and venture capital fi
Total announces the signing of an agreement for the sale of its interests in the Valhall (15.72%) and Hod (25%) fields, in the Norwegian North Sea, to BP . This transaction, amounting to $991 million, is subject to partners’ consent and approval by relevant authorities in the upcoming weeks. Located
Ensco plc announced today that a subsidiary of the Company has sold ENSCO 57, a F&G L-780 MOD II-C design jackup drilling rig built in the early 1980s. The sale price was approximately $47 million. As of 31 March 2010, the net book value for ENSCO 57 was approximately $30 million. The rig will be [&
FMC Technologies, Inc. announced today that it has signed a multi-year frame agreement with BG Norge, a subsidiary of BG Group, to provide subsea systems for offshore projects. The five-year contract includes provisions for two additional five-year extensions. The agreement also includes an immediat
Petrofac, the international oil & gas facilities service provider, has confirmed that its Offshore Engineering & Operations business has secured a new contract with Britannia Operator Limited (BOL). The deal, worth $54 million over five years with a further five year extension option, will see Petro
