McDermott International, Inc. announced today that one of its subsidiaries has been awarded a contract by the Discovery system for offshore facilities in the Gulf of Mexico. The value of this contract is included in McDermott’s second quarter 2012 backlog. Williams Partners L.P.owns 60 percent of th
Vantage Drilling, a Cayman Islands exempted offshore drilling contractor, reports a net loss of $10.0 million or ($0.03) per diluted share for the three months ended June 30, 2012 as compared to a net loss of $40.1 million or ($0.14) per diluted share for the three months ended June 30, 2011. For th
Leading international oilfield services company Expro has been awarded a significant contract extension with Perenco in Cameroon. The award is an extension of services from a previous well campaign and will last for the duration of one year. Expro will provide an extended well test, data acquisition
BSEE Director James Watson observed during the early morning hours of July 29 the successful latch-on of the capping stack from the Unified Command. Director Watson watched live video feed from the remotely operated vehicles (ROVs) that were assisting in the placement of the stack onto the wellhead.
On 27 July 2012, Fugro formally took delivery of a new-build vessel, M/V Fugro Equator; the third of Fugro’s FSSV series of dedicated survey vessels. Designed to Fugro specifications and fitted with the latest survey equipment these are the most advanced vessels of their type. The vessel will be uti
HYSY936, a jack-up drilling platform of China Oilfield Services Limited （”COSL”）, has recently set sail to Gulf of Mexico to deliver service for a contract with Petróleos Mexicanos （“PEMEX”）. COSL currently has four module rigs and two jack-up drilling platforms servicing drilling contracts for PEME
Statoil has awarded the concept and FEED Engineering Contract of the SURF package on Peregrino II in Brazil to IKM Ocean Design. The project starts immediately and will run up to the Summer 2013. Peder Hoås, Managing Director in IKM Ocean Design, says in a press release that this is a very strategic
Members of Oil & Gas UK’s fabrication forum on Thursday (26 July) met Chloe Smith, MP for Norwich North and economic secretary to the Treasury, to discuss the opportunities for growth in the UK fabrication industry. The dinner was held at Norwich City Football Club. David Ripley, Oil & Gas UK’s supp
Tap Oil of Australia last week announced it had reached the Final Investment Decision (FID) on the Manora Oil Development, located in the Gulf of Thailand. The total project cost is estimated at US$246 million, US$74 million Tap direct interest plus US$13 million carry of Northern Gulf Petroleum Pte
London-based independent company Tower Resources plc and Spanish oil giant Repsol have entered into an agreement under which Repsol will take a 44% working interest in the Namibian offshore licence 0010 and become operator. Tower’s Chairman, Jeremy Asher, commented: “We are delighted to welcome Reps
Statoil Petroleum AS (Statoil) on Friday started the drilling of exploration well 16/2-12 targeting the Geitungen structure. The well is located in licence PL265, between the Johan Sverdrup discovery and the 16/2-9S Aldous Major North discovery in the Norwegian North Sea. The main objective of the w
North Energy on Friday announced that Wintershall Norge, the operator for Kakelborg PL 370, was completing drilling operations on the prospect. No hydrocarbons were encountered, and the well, located in the Norwegian sector of the North Sea, will be plugged and abandoned as a dry well. North Energy
France’s Technip was awarded by Ithaca Energy (UK) Ltd an EPIC subsea contract for the Greater Stella Area (GSA) development, located 280 kilometers East-Southeast of Aberdeen, Scotland at a water depth of approximately 90 meters. Ithaca Energy (UK) Ltd is developing the GSA, centred on the Stella a
Exxon Mobil reported a profit of $15,910 million for the second quarter of this year a 49% rise compared to the the second quarter of 2011. SECOND QUARTER HIGHLIGHTS Earnings of $15,910 million increased $5,230 million or 49% from the second quarter of 2011. Earnings included a net gain of $7.5 bill
