Havila Shipping ASA achieved a result before tax of NOK -25,5m in Q1 2011, compared with NOK -14,8m in Q1 last year. Total revenue amounted to NOK 309.6 million in the 1st quarter of 2011 of which NOK 51.4 is profit from sale of Havila Saturn. Total revenues for corresponding period last year were [
Harvest Natural Resources, Inc. announced today commencement of drilling operations on the Ruche Marin-A exploration well located in the offshore waters of Gabon, West Africa. This exploration well will be drilled utilizing the Transocean Sedneth 701 semi-submersible drilling unit. The Ruche Marin-A
Gulf Island Fabrication, Inc. announced today, that through its subsidiary Gulf Marine Fabricators, it has signed a Letter of Award for the fabrication of a hull for a Williams deep-water Gulf of Mexico project. Revenue and man-hour backlog is included in the Company’s consolidated backlog reported
A catastrophic spill at an oil field off Newfoundland could be resolved by burning off the fuel, a report released Thursday says… By CBC News [mappress] Source:cbc, April 29,2011;
The Tognum Group subsidiary MTU is displaying four diesel engine lines at the Offshore Technology Conference, May 2-5, 2011, in Houston, Texas. The products displayed have been designed specifically to power products used in the exploration and production of oil and gas. Applications in which MTU pr
Oil and Natural Gas Corporation (ONGC) of India has awarded Baker Hughes a five-year contract to provide drilling and evaluation services and to manage third-party services for the Platinum Explorer drillship. Under the terms of the contract, Baker Hughes will supply directional drilling, measuremen
On April 27, SOCAR President Mr. Rovnag Abdullayev received BP delegation led by Company’s Chief Executive Mr. Robert Dudley. Welcoming the guests, Mr. Abdullayev stated that Exploration work within the contract on exploration of “Azeri-Chirag-Gunashli”, “Shah Daniz” fields, development and producti
On the morning of 29 April, Sinopacific Shipbuilding Group, China’s leading private shipbuilding enterprise held the ship naming ceremony at its Zhejiang Shipyard for GPA696, the global first fabricated model of Offshore Support Vessel(OSV) built for France’s Bourbon Company. Afterwards, a sea trial
Strategic Marine has signed another repeat order with Western Australian company Bhagwan Marine to deliver two new vessels to service the WA’s offshore oil and gas industry, including the Gorgon Project. The new contracts for a 49.5 metre and 38 metre landing craft follows the delivery of a 48 metre
ExxonMobil has formally submitted its application to develop the Hebron oilfield — outlining heftier production platform costs, an … By Moira Baird (The Telegram) [mappress] Source:The Telegram, April 29,2011;
SBM Offshore will receive design license fees from Hyundai Heavy Industries (HHI) who has recently confirmed that it has signed contracts to construct and deliver six drill ships of the GustoMSC P10,000 class with international drilling contractors. SBM Offshore will also receive design license fees
Petrobras has started the Extended Well Test (EWT) in the northeastern part of Lula Field, in the Santos Basin pre-salt reserves, about 300 kilometers off the coast of Rio de Janeiro. The EWT is under way on the BW Cidade de São Vicente FPSO, anchored at a depth of 2,120 meters. Output should be [&h
Bontan Corporation Inc. issues the following update with respect to its indirect working interest of 5.23% in the Israeli project comprising Sara and Myra licenses located in the Levantine Basin: Progress on Israeli Project: Israel Rig Contract – Myra and Sara Licenses The operator of the consortium
Coastal Energy Company the successful results of the Bua Ban North B-01 exploration well. The Bua Ban North B-01 well was drilled to 7,960 feet TVD and encountered 28 feet of net pay in the Upper Oligocene with 23% average porosity and 29 feet of net pay in the Lower Oligocene with 16% average [&hel
