Bounty Oil & Gas NL (“Bounty”) announced an update on the planned Nyuni 2 appraisal well, the Nyuni Block and Kiliwani North Gas Field developments,Tanzania. Nyuni 2 Apraisal Well Bounty expects the Nyuni 2 well to spud around 8 June 2011. Shareholders will be advised further on progress closer to t
GSP has chosen to develop the western and northern shores of the European Union as part of its core operational area, and in order to strengthen its local presence GSP is relaunching its subsidiary company in Rotterdam, The Netherlands. GSP first established its Rotterdam office in 2009 under the na
Awilco Drilling PLC confirms that the WilPhoenix and WilHunter are delivered from the Remontowa Shipyard in Poland following extensive rig upgrading and re-classing projects. WilPhoenix is currently en route to its drilling location. WilHunter is undergoing its last preparations before departure to
ALE has recently unveiled its latest groundbreaking innovation – the Mega Jack system. Capable of lifting 50,000te to a height of 25m, the Mega Jack has been developed by ALE to meet the increasing demand in the offshore industry to jack up larger and heavier oil and gas platform modules and other l
Statoil’s first fast-track –project – Visund South – is moving ahead as planned. The seabed template has commenced its journey out to the field located south of Gullfaks in the North Sea. “We submitted the plan for development and operation of Visund South in January. Now, four months later, we’ve b
INPEX had a major presence at the 35th Annual Indonesian Petroleum Association (IPA) Convention and Exhibition held in Jakarta, Indonesia, from 18th to 20th May 2011. INPEX won the Best Booth Award (over 50m2 section) among 22 PSC Contractor exhibitors, which is a remarkable accomplishment for INPEX
Seadrill today reports consolidated revenues for the first quarter 2011 of US$1,110 million compared to US$1,169 million for the fourth quarter 2010. Operating profit for the first quarter was US$430 million, down from US$479 million in the fourth quarter 2010, which included US$26 million in gain o
Since launching BroadSeis at Barcelona last year, CGGVeritas has recorded BroadSeis data in many locations around the world, in different water depths and over different geologies. In all cases the increases in bandwidth at both low and high frequencies (six octaves have been recorded in the Gulf of
Tullow Oil plc announces that today it entered into a conditional agreement to acquire the interests of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cash consideration of $305 million. This acquisition will increase Tullow’s interest in the West
Conductor Installation Services Ltd (CIS), an Acteon company, has been awarded the largest contract in its history by Weatherford Nigeria. The USD multi-million dollar contract requires CIS to provide a range of conductor installation services in Nigeria on behalf of two major operators in the regio
Wood Group’s Alliance Engineering has been awarded a contract to provide detailed engineering and design services for the Tamar Platform Project, including topsides facilities and deck structure, to be located offshore Israel. The Tamar natural gas field will be operated by Noble Energy and is locat
ATP Oil & Gas Corporation today announced that it has completed the drilling phase of deepwater Mississippi Canyon (“MC”) Block 941 A-2 well located at ATP’s Telemark Hub, and all pay sands in the MC 941 A-1 well were present essentially confirming pre-drill estimates. The main pay sands are approxi
Wintershall, the largest German crude oil and natural gas producer with operations worldwide, has once again stepped up its activities in Norway by raising the company’s share in the Maria discovery to 50 percent, the company announced. The discovery is one of the largest oil discoveries in Norway i
The Company’s net income was $3,517 million in the first quarter of 2011, which is 71.3% higher y-o-y. EBITDA was $5,343 million, which is 43.3% higher y-o-y. Sales revenues were $29,626 million (+23.9% y-o-y). Positive dynamic of our financial results was mainly due to a sharp increase in hydrocarb
