Polarcus Limited announced that Polarcus Selma Ltd, a member of the Polarcus Group, took delivery on 08 August 2011 of Polarcus Selma, the sixth 3D seismic vessel to date to join the Polarcus fleet. Polarcus Selma is the sister ship to Polarcus Samur, delivered to the Polarcus Group in March 2011. T
Dragon Oil plc, an international oil and gas development and production company, today announced its interim financial and operational results for the period ended 30 June 2011. Operational performance Growth of 25% in the average gross production to approximately 58,000 bopd (1H 2010: 46,420 bopd)
Fearing possible attacks by Hezbollah on gas fields in the Mediterranean Sea, the Israel Air Force (IAF) has recently begun deploying … Source: Trend [mappress] Source: trend, August 09, 2011;
Iran’s gas production from the South Pars gas field in the Persian Gulf waters rose by 17 million cubic meters by starting gas draw from six new wells of the giant gas field’s phase 10, managing director of the Pars Oil and Gas Company (POGC), Mousa Souri said. He went on to say that gas […]
Rial-denominated bonds worth about $5 billion will be issued in near future to finance development of shared oil and gas fields especially South Pars gas field projects, managing director of the National Iranian Oil Company (NIOC), Ahmad Qalebani announced. He reported of absorbing four billion doll
Dragon Oil plc, an international oil and gas development and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/158 development well. The well was completed as a single producer by the NIS rig to a depth of 1,786 metres. The initial test result from the well w
Noble Energy, Inc. reported today second quarter 2011 net income of $294 million, or $1.61 per share diluted, on revenues of $954 million. The Company’s second quarter 2010 net income was $204 million, or $1.10 per share diluted, on revenues of $751 million. Net income for the second quarter 2011 in
Incat Crowther announces the launch of Topaz Zenith. Launched by Topaz Shipbuilding, this innovative 27.6m Wave Piercing Catamaran Crew Boat has been designed to support offshore energy installations. Part of the development of the vessel focused on the development of an unusual platform for the app
Polarcus Limited announces the release of its second quarter 2011 financial statements. In the second quarter 2011 Polarcus has focused on strengthening the Company’s operations, backlog and balance sheet. Revenues for the second quarter are significantly higher compared to the same quarter last yea
Iran will have the potential to export up to 250 million cubic meters of gas in next two to three years, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced here. According to the report of the public relations of the NIGC, he said that Iran with 33 trillion cubic mete
The 4th edition of Offshore Energy will again be bigger than previous editions. Based on exhibitor numbers of 2010 (231), the expected number of exhibitors this year is 300. Current developments show that this number of exhibitors is realistic. Even more, based on present numbers, event-orgaziner Na
Melrose Resources plc , the oil and gas exploration, development and production company today provides an update on its exploration activities and provides notification of a planned industry analysts’ Exploration Presentation on 4 August 2011. Highlights the Company is pursuing a number of high pote
Polarcus Limited announced that the Company has signed a term sheet for a bank facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the “Fleet Bank Facility”). The Fleet Bank Facility is o
Otto Marine Limited, (“Otto Marine” or the “Group”), a leading offshore marine company which specialises in building complex offshore support vessels, ship chartering and offers specialised offshore services, announces that one of its operating unit Karp Marine Limited has secured vessel operating c
