Eco (Atlantic) Oil & Gas Ltd. has entered into five separate Joint Operating Agreements (JOA’s) with NAMCOR, the National Petroleum Corporation of Namibia, with respect to its five license blocks onshore and offshore Namibia. Through the Company’s wholly-owned subsidiary, Eco Oil and Gas (Namibia) (
Romania’s GSP Offshore has announced that it has signed a contract for its jack-up drilling rig GSP Jupiter with Turkish national oil and gas company TPAO. GSP Jupiter has been awarded a contract for offshore drilling services, for Istranca 1 well (+ 1 optional well) on Black Sea Block 3920 on the T
Hercules Offshore, Inc. today reported a loss from continuing operations of $38.3 million, or $0.28 per diluted share, on revenue of $143.3 million for the first quarter 2012, compared with a loss from continuing operations of $13.6 million, or $0.12 per diluted share, on revenue of $159.4 million f
ExxonMobil, one of the world’s largest publicly traded international oil and gas companies today reported an 11% decrease in its first quarter 2012 earnings. The company revealed the earnings of USD 9.5 billion, a drop of USD 1.2 billion when compared to the same period a year ago when it earned USD
Borders & Southern Petroleum announces that is has successfully placed 55,320,000 million new ordinary shares at £0.84 per share with institutional shareholders to raise £46,468,800 million before expenses. These funds will be used to acquire additional 3D seismic within the Company’s existing acrea
MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), has been awarded a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system by MODEC’s Singaporean subsidiary, MODEC Offshore Production Systems (Singapore) Pte. Ltd. The FPSO will be delivOSX Bra
Oceaneering International, Inc. yesterday reported record first quarter earnings for the period ended March 31, 2012. On revenue of $594.9 million, Oceaneering generated net income of $51.5 million, or $0.47 per share. During the corresponding period in 2011, Oceaneering reported revenue of $470.4 m
UK-based Viper Subsea has signed a new collaboration agreement with Perth based Velocious. The agreement enables both companies, each of whom are already globally recognised as providers of high quality subsea solutions, to expand their offerings to overseas markets and collaborate on product supply
Mermaid Maritime Public Company Limited (“Mermaid”) announces that its business unit Subtech Qatar Diving and Marine Services LLC (“Subtech”) has recently been awarded three (3) new contracts with new and existing clients. The first contract has already started and has an estimated value of USD 2.2
American Electric Technologies, Inc., a leading global supplier of power delivery solutions for the energy industry, announced today the introduction of its new M&I(R) DrillAssist(TM) Drilling Control System. Based on field-proven control system software AETI acquired from Amnor Technologies in Marc
Intergraph® has formally opened the newly-expanded Intergraph Global Marine Center in Busan, South Korea. This center of excellence has a dedicated team of marine experts to support customers, enabling them to implement SmartMarine® Enterprise easily for enhanced productivity in their marine and off
CAE has signed a training service contract with Heliservicio Campeche, a leading helicopter operator serving Mexico’s offshore oil and gas industry, for Bell 412 and Sikorsky S-76 training.
Pars Oil and Gas Company (POGC) managing director, Mousa Souri, says the company will start drilling in oil layer of South Pars gas field up to the end of current Iranian month on 20th May. Speaking to Shana, POGC’s managing director, Mousa Souri, also said that the company has gained permissions to
Schlumberger has acquired GEDCO, a Calgary-based provider of integrated geophysical survey design software and services. The group will become part of the WesternGeco business unit. GEDCO has developed OMNI 3D , the industry’s standard for seismic survey design and modeling, and VISTA*, a flexible 2
