EnQuest PLC (‘EnQuest’) today announces that it has agreed with First Oil plc (‘First Oil’) the proposed acquisition of a further 15% interest in blocks 9/2b and 9/2c including the Kraken oil discovery (‘Kraken’), bringing EnQuest’s total interest in Kraken to 60%. Today’s agreement is subject to th
Shell’s first quarter 2012 earnings increased from year-ago levels, through a combination of improved operating performance, increased upstream volumes and strong oil prices.
On March 30, 2012 PJSC Kherson Shipyard before time completed the construction of 6 pcs. offshore Structures of Suction Anchors (Hull No.18027) for Italian Offshore Saipem Company, designed to secure the underwater pipeline in the Caspian Region. The overall dimensions of each structure are as follo
Yeasterday, the Bureau of Ocean Energy Management (BOEM) held a technical workshop with industry operators to discuss BOEM’s heightened standards for offshore oil and gas exploration and development plans, share best practices and obtain industry feedback regarding the plan review process. The goals
FMC Technologies, Inc. announced today that it has completed the transaction to acquire the remaining 55% of the outstanding shares of Schilling Robotics LLC (“Schilling”). FMC had previously announced on January 3, 2012, its intention to purchase the remaining outstanding shares of Schilling and in
OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announced yesterday that it had presented to the National Petroleum, Natural Gas and Biofuels Agency (ANP) a Declaration of Commerciality for t
SEACOR Holdings Inc. today announced its results for the first quarter ended March 31, 2012. Net income attributable to SEACOR Holdings Inc. for the quarter ended March 31, 2012 was $36.5 million, or $1.75 per diluted share, including net income from discontinued operations of $19.4 million, or $0.9
The Board of Directors of Nexen Inc. announced that Barry Jackson, a 37 year veteran of the oil and gas industry, has been appointed chair of the Board, effective at the conclusion of the Annual General Meeting of Shareholders at 11 am today. Mr. Jackson, who has served as a Nexen Board member since
Afren plc announces that the Nunya-1x (formerly named Cuda-2) exploration well in the Keta block offshore Ghana has encountered thick and high quality water bearing reservoirs. The objective of the Nunya-1x exploration well was to explore a large four-way dip closed Upper Cretaceous prospect in the
On 27 March 2012, the Petroleum Safety Authority Norway (PSA) carried out an audit of Lundin Norway AS’ management of the Brynhild field development project, connected to subsea facilities and pipelines. The Brynhild field is being developed with a subsea facility with four wells that will be connec
Today, Eni CEO Paolo Scaroni and Rosneft President Eduard Khudainatov, signed a strategic cooperation agreement in the presence of the Prime Minister of the Russian Federation Vladimir Putin, which provides for the joint development of the licenses in the Black Sea and the Barents Sea on the Russian
Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it has signed an agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Olaer is a leading manufacturer of a broad range of advanced hydraulic accumulator and cooling techn
National Oilwell Varco, Inc. today reported that for its first quarter ended March 31, 2012 it earned net income of $606 million, or $1.42 per fully diluted share, compared to fourth quarter ended December 31, 2011 net income of $574 million, or $1.35 per fully diluted share. The first quarter 2012
Nord Stream AG announces the successful completion of its complex international logistics programme. This award-winning green logistics concept enabled the most efficient and environmentally-sound way of supplying to the pipe-laying vessels the 200,000 24-tonne concrete weight coated (CWC) pipes nee
