Dutch heavy lift specialist, Dockwise, today reported a net income of $8 million for the 3rd quarter 2011, a 39% dip on the $13.1 million earned in the third quarter the year before. Revenues were $112.9 million, higher than $108.9 million in the third quarter 2010 . Vessel utilization, based on 365
India’s biggest offshore drilling contractor in the private sector, Aban Offshore has won a three year contract worth USD 57 million from ONGC for deployment of jack-up rig Aban II , reported The Economic Times. In a regulatory filing, Aban said that the contract is expected to start during the 1Q o
Hamworthy has secured a contract for the supply of regasification technology on board what are understood to be the world’s first newbuild Floating Storage and Regasification Units (FSRUs). Two 170,000m3 storage capacity vessels, owned by Hoegh LNG, are being built at the world’s largest shipbuilder
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million (USD 123 Million). The scope of work includes one template
Lundin Petroleum AB (“Lundin Petroleum”) through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First product
China’s State Oceanic Administration (SOA) said on Friday that an oil leak by a subsidiary of Houston-based ConocoPhillips in China’s Bohai… Source: Reuters [mappress] Source: Reuters, November 11, 2011
Deep Down, Inc. , an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today reported $606 thousand of net income for the third quarter of 2011, an improvement of $5.0 million, or greater than 800 percent, over the same period
A Russian court threw out two multi-billion dollar lawsuits against BP on Friday, handing the British oil company a key victory in legal … By Melissa Akin and Vladimir Soldatkin (Reuters) [mappress] Source:Reuters , November 11, 2011;
Essar Shipping, a part of Essar Group, has bagged a contract worth USD 121 million from ConocoPhillips to drill 11 offshore wells in … Source: The Economic Times [mappress] Source: The Economic Times, November 11, 2011; Image: Essar Group
INPEX CORPORATION (INPEX) today said all approvals, including Production Licences, for the Ichthys LNG Project, which is 76% owned by INPEX and 24% owned by Total, are on track for the Project to make a Final Investment Decision (FID) targeted by the end of the year 2011. Offshore, INPEX intends to
RAK Petroleum Public Company Limited, the exploration and production company, today announced temporary suspension of drilling operations on the Saleh-5 well offshore Ras Al Khaimah following consultations with partner RAK Gas LLC which this week exercised its full 30 percent back-in option to the f
The Lebanese offshore is optimistic about the prospect of its first license round, expected in Q1 2012. This summer, the Lebanese Ministry of Energy and Water held a dedicated forum to inform the industry of the process towards the round. New PGS MultiClient data is available in the area. Lebanon In
Spectrum is set to commence acquisition of a new 2D Multi-Client seismic survey in early November 2011 which covers several areas in the northern equatorial margin offshore Brasil. The survey area includes sector blocks expected to be announced in the 11th license round in the second quarter of 2012
Bergen Group Hanøytangen is awarded contract for a one-week yard stay for the accommodation rig Safe Caledonia. The yard stay will take place in Q4 this year, and represents the fourth rig project for Bergen Group Hanøytangen in the 2nd half of 2011. During the yard stay that includes some modificat
