Zhejiang Shipbuilding Co., Ltd. an affiliate to Sinopacific Shipbuilding Group, held the delivery and naming ceremony of global lead vessel PX105, a ship built for Bourbon Offshore Norway on the morning of August 9. The company leaders and the ship owner’s representatives attended this grand ceremon
Kvaerner today announced second quarter 2011 results. “We are delivering a robust second quarter despite the loss on the Blind Faith project and a loss provision on the Longview project”, says Jan Arve Haugan, President & CEO of Kvaerner. Operating revenues in the second quarter amounted to NOK 3 9
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P., today reported the Partnership’s results for the quarter ended June 30, 2011. During the second quarter of 2011, the Partnership generated distributable cash flow of $42.6 million, compared to $28.1 million in the same
Nautical Petroleum plc announces that the Kraken 9/02b-5 pilot well, located in UKCS North Sea Block 9/2b, has successfully encountered oil in the Heimdal III sandstone interval. The pilot well was drilled to a total depth of 4,785 feet Measured Depth (MD). The top of the target Heimdal III reservoi
Aker Solutions has secured a contract with Murphy Sabah Oil Co., Ltd. to deliver a subsea production system for the Kikeh subsea expansion project off the coast of Sabah in East Malaysia. Contract value is undisclosed. The scope of work includes the delivery of deepwater oil production equipment suc
Murmansk hosted Wednesday a working meeting between Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee and Dmitry Dmitrienko, Governor of the Murmansk Oblast. The parties discussed the prospects for developing the regional shipbuilding sector placing an emphasis on a possible r
Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces that drilling has commenced on the Sapele-3 well, Douala Basin, offshore Cameroon, with the Sapphire Driller jack-up rig. The Sapele-3 well, located around sixteen kilometres North West of the Sapele-1 location,
Noble Group 1H total operating income from managing their supply chains rose 40% to US $ 947m compared to 1H 2010, supported by record lH volume of 98 million metric tonnes. Net profit increased to US$343 million, up 71% compared to 1H 2010. This record performance demonstrates the resilience of com
SBM Offshore N.V. announced that one of its Affiliates and Queiroz Galvao Oleo e Gas S.A. (QGOG), have received two Letters Of Intent (LOI), one from Guara BV and one from BM-S-9 Consortium, established by the companies Petroleo Brasileiro S.A. – Petrobras (Operator, 45%), BG E&P Brasil LTDA (30%),
Norwegian Energy Company ASA today presents its second quarter 2011 results, with EBITDA of NOK 149 million and a negative net result of NOK 9 million from continued operations. Noreco had revenues of NOK 396 million from continued operations in second quarter 2011, an increase of 10 percent compare
On August 9, SOCAR as leader of the Shah Deniz Export Negotiating Team announced that a request for proposal (RFP) and a request for information (RFI) has been issued to the three main prospective EU pipeline groups for transit of Shah Deniz gas to Europe. These are IGI Poseidon, Trans-Adriatic Pipe
In Tuesday, Jubilant announced the results of Appraisal Well DDE-APP-1 in the Deen Dayal East Field in the KG Block, which was spudded on the 1st of January 2011. The well was drilled by the operator (GSPC), with the objective of appraising the hydrocarbon bearing sands of the KG-16 discovery well a
A&P TYNE is building on its success in a new business sector with the completion of yet another subsea structure for an offshore oil and gas field. The Mid Water Arch – used to support control cables as they rise from the seabed to the surface – left the ship repair and fabrication yard at […
Norwegian Energy Company ASA (Noreco) has entered an agreement to sell its interests in the South Arne oil field in Denmark to Hess Denmark ApS for a consideration of USD 200 million. Noreco expects to record a profit of approximately USD 50 million after tax from the transaction. “An important part
