When the Leiv Eiriksson, a rig built to hunt for oil beneath 10,000 feet of water in the world’s roughest seas, finishes drilling a well off… By Brian Swint (Bloomberg) [mappress] Source: Bloomberg , October 26, 2011
Caterpillar Marine Power Systems was recently selected to provide 2x 6 M 25 C and 2x 9 M 25 C propulsion engines for an Ostensjo Rederi AS offshore supply newbuild. Each 6 M 25 C engine will provide 2000 kW @ 750 rpm. The 9 M 25 C will each provide 3000 kW @ 750 […]
BP Norge AS has exercised an amended 45-day option for the continued use of the Safe Scandinavia at the Valhall offshore facility in the Norwegian sector of the North Sea. The value of the exercised option is around USD 10.9 million. In addition, Prosafe has granted two additional 2 week options com
Williams Partners L.P. announced today that it has signed multiple agreements with Hess Corporation and Chevron to provide production handling, export pipeline, oil and gas gathering and gas processing services in the Tubular Bells field development located in the eastern deepwater Gulf of Mexico. H
FMC Technologies, Inc. reported third quarter 2011 revenue of $1.3 billion, up 34 percent from the prior-year quarter. Diluted earnings per share were $0.50 compared to $0.33 in the prior-year quarter. Total inbound orders of $1.3 billion included $731 million in subsea systems orders. Backlog for t
Leading international oilfield service company Expro is showcasing its latest technologies to provide the complete package of solutions across the entire well lifecycle at the SPE ATCE2011, October 30 to November 2, Denver, Colorado (booth #2146) – bringing together our state-of-the-art innovations
Hess Corporation today announced that they will proceed with the development of Tubular Bells, a deepwater oil and gas project operated by Hess in the Gulf of Mexico. Discovered in 2003, Tubular Bells is located approximately 135 miles southeast of New Orleans in the Mississippi Canyon area. The fie
China’s biggest offshore oil producer, CNOOC Ltd on Tuesday said that it has not obtained the necessary regulatory approvals to complete… Source: Reuters [mappress] Source: Reuters, October 25, 2011
National Oilwell Varco, Inc. today reported that for the third quarter ended September 30, 2011 it earned net income of $532 million, or $1.25 per fully diluted share, compared to second quarter ended June 30, 2011 net income of $481 million, or $1.13 per fully diluted share. Earnings per share incr
On October 21, the U.S. Environmental Protection Agency issued an air pollution permit for the Kulluk drill ship that Shell Offshore Inc. plans to use in offshore oil drilling efforts that could begin as early as next summer. Yesterday, on behalf of the Native Village of Point Hope, Resisting Enviro
Cuba is blaming the 49-year-old U.S. economic embargo for delaying the start of oil exploration efforts in the Communist-ruled island’s terr… Source: Latin American Herald Tribune [mappress] Source:laht , October 25, 2011;
In September, Petrobras’ oil and natural gas output in Brazil and abroad was 2,591,624 barrels of oil equivalent per day (boed), up 2.43% year-on-year, and 1.41% higher than the August figure. Fields in Brazil alone achieved average oil and gas output of 2,353,057 boed, 3.1% up on September 2010 and
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports that its subsidiary company PGNiG Norway AS (“PGNiG Nor… Source: 4-traders [mappress] Source: 4-traders , October 25, 2011;
BG Group today announced revenue and other operating income increased by 21% to $5 397 million, reflecting the benefit of higher realised prices and a 1% increase in E&P production volumes. As a result of the above, total operating profit increased by 17% to $1 943 million. Cash generated by operati
