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Fossil Energy

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Business & Finance
USA: Diamond Offshore 1Q 2011 Net Profit Down by USD 40.3 Million
Fossil Energy

USA: Diamond Offshore 1Q 2011 Net Profit Down by USD 40.3 Million

Diamond Offshore Drilling, Inc. today reported net income for the first quarter of 2011 of $250.6 million, or $1.80 per share on a diluted basis, compared with net income of $290.9 million, or $2.09 per share on a diluted basis, in the same period a year earlier. Revenues in the first quarter of 201

about 15 years ago
Maersk Oil Reports Fire at its Platform Offshore Qatar
Fossil Energy

Maersk Oil Reports Fire at its Platform Offshore Qatar

At 02:46 on 21 April a fire broke out on the Maersk Oil Qatar operated AD accommodation platform in the Al Shaheen field, 80 km north of Qatar. The fire which took place in the emergency generator room has been extinguished and the situation is under control. All employees are safe and accounted for

about 15 years ago
Australia: Octanex Expects Galahad-1 Well Spud Within a Week
Fossil Energy

Australia: Octanex Expects Galahad-1 Well Spud Within a Week

Octanex N.L. advises that the Galahad-1 well, the second well in the two well drilling campaign in the outer Exmouth Plateau permits WA-362-P and WA-363-P, is currently expected to spud within the next 5 to 7 days. Galahad-1 is located within WA-363- P, as shown on the following Well Location Map.

about 15 years ago
USA: Schlumberger Posts 1Q 2011 Revenue of USD 8.72 Billion
Fossil Energy

USA: Schlumberger Posts 1Q 2011 Revenue of USD 8.72 Billion

Schlumberger Limited today reported first-quarter 2011 revenue of $8.72 billion versus $9.07 billion in the fourth quarter of 2010 and $5.60 billion in the first quarter of 2010. Net income attributable to Schlumberger, excluding charges, was $972 million—a decrease of 16% sequentially but an increa

about 15 years ago
UK: Ensco Announces 1Q 2011 Revenues of USD 362 Million
Fossil Energy

UK: Ensco Announces 1Q 2011 Revenues of USD 362 Million

Ensco plc reported diluted earnings per share from continuing operations of $0.45 for first quarter 2011, compared to $1.12 per share in first quarter 2010. There were no discontinued operations in first quarter 2011. Earnings from discontinued operations in first quarter 2010 were $0.21 per share t

about 15 years ago
Pacific Drilling Takes Delivery of New Drillship from Samsung Heavy, South Korea
Fossil Energy

Pacific Drilling Takes Delivery of New Drillship from Samsung Heavy, South Korea

Pacific Drilling received on-time delivery of its newest drillship, the Pacific Scirocco. The Pacific Scirocco, which is scheduled to complete its final rig readiness testing over the coming month, is equipped with some of the most current technology including dual activity drilling capabilities and

about 15 years ago
USA: Noble Corporation Expects Contract Drilling Revenues to Improve in 2011
Fossil Energy

USA: Noble Corporation Expects Contract Drilling Revenues to Improve in 2011

Noble Corporation today reported first quarter 2011 earnings of $54 million, or $0.21 per diluted share, versus $99 million, or $0.39 per diluted share, for the fourth quarter of 2010. First quarter 2011 results include a one-time after-tax net gain of $0.06 per diluted share related to the previous

about 15 years ago
Malaysia: Nam Cheong Dockyard to Build WSD 800 MPSV for Bumi Armada
Fossil Energy

Malaysia: Nam Cheong Dockyard to Build WSD 800 MPSV for Bumi Armada

Wärtsilä, the marine industry’s leading solutions provider, has signed a contract with Nam Cheong Dockyard of Miri, Malaysia, which will build a Wärtsilä Ship Design (WSD) multi-purpose platform supply vessel (MPSV). This WSD 800 MPSV is the first in a new series of Wärtsilä designs being marketed a

about 15 years ago
RWE Dea Wins Two New Licences Offshore Norway
Fossil Energy

RWE Dea Wins Two New Licences Offshore Norway

RWE Dea Norge has been awarded two licences in the recent licensing round by the Norwegian Government. This further strengthens the company’s long-term commitment on the Norwegian Shelf. RWE Dea was awarded a 30% share in the license PL609 in the Barents Sea and a 15% share in the license PL596 in t

about 15 years ago
UK: Wood Group Acquires Production Services Network Ltd
Fossil Energy

UK: Wood Group Acquires Production Services Network Ltd

Wood Group, the international energy services company, confirms the completion today of the acquisition of Production Services Network Limited (“PSN”). Bob Keiller has today been appointed as executive director of Wood Group and CEO of the combined Wood Group PSN production services business. In con

about 15 years ago
Australia: Santos to Use Stena Clyde Rig for Drilling of Finucane South-1 Exploration Well
Fossil Energy

Australia: Santos to Use Stena Clyde Rig for Drilling of Finucane South-1 Exploration Well

Tap Oil Limited announced that Santos, the operator of the WA-191-P joint venture, has advised that the Finucane South-1 exploration well will be drilled using the Stena Clyde semi-submersible drilling rig immediately following the conclusion of rig operations on the Zola-1 well (WA-290-P). The Finu

about 15 years ago
Russia: Gazprom, Eni Officials Discuss Bilateral Cooperation Issues
Fossil Energy

Russia: Gazprom, Eni Officials Discuss Bilateral Cooperation Issues

The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties discussed the issues of bilateral cooperation in the energy sector within the Strategic Partnership Agreeme

about 15 years ago
Expro Strengthens its Foothold in Ghana. Opens New Facility
Fossil Energy

Expro Strengthens its Foothold in Ghana. Opens New Facility

Leading international oilfield services company Expro has officially opened its new custom-built facility in Ghana, West Africa. Expro has made a significant financial investment to create a world-class base for its experienced team in Ghana, highlighting its commitment to the area and demonstrating

about 15 years ago
Brazil: OGX Discovers Hydrocarbons in Waikiki and Pipeline Accumulations
Fossil Energy

Brazil: OGX Discovers Hydrocarbons in Waikiki and Pipeline Accumulations

OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today that it has identified the presence of hydrocarbons in the Albian section of 3-OGX-40D-RJS well and in the Albian-Cenomanian se

about 15 years ago
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