RWE Dea AG, Hamburg, is on a positive course: in fiscal 2010, the company boosted its earnings by 50 per cent. The operating result amounted to 305 million euros in the year 2010 (2009: 203 million euros). “This surge in earnings is attributable to a significant recovery of the market environment,”
SeaBird Exploration PLC (‘SeaBird’ or ‘SBX’) announces the following new contracts awarded in the 2D and 3D shallow water as set out below; Hawk Explorer (photo) has been awarded a short survey in direct continuation from the current employment in West Africa where the vessel will be employed until
International oil service company Aker Solutions is establishing a specialised EPC company in order to further leverage the experience and expertise built up through field development projects over more than 40 years. Today, Aker Solutions announces that the new company, previously launched under th
Transocean Ltd.’s senior management team, led by Chief Executive Officer Steven Newman, announced that they are voluntarily donating the safety bonuses that were awarded to them for 2010 to the Deepwater Horizon Memorial Fund. “The executive team made this decision because we believe it is the right
Otto Energy Ltd advises that Mr Paul Moore, Managing Director of Otto Energy Ltd has given notice of his resignation effective close of business Friday, 1 July 2011. Mr Moore has explained that his decision, not made lightly, was for personal reasons and he will be relocating overseas. The Board has
TGS announces that it has signed a Letter of Intent with Dolphin Geophysical AS to charter the M/V Polar Duke for 3D multi-client projects in Europe during the 2011 summer season. The charter will begin in May 2011 and will last for a minimum of 3 months. The agreement also provides an option for [&
Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB (Lundin Petroleum), operator of production licence 338, has completed well 16/1-15 on the Tellus prospect as an oil discovery. The well has been successfully tested and a comprehensive logging and coring program has been acquired. Th
Solstad Offshore ASA (SOFF) has entered into agreement with NOR’s other shareholder, Nortrans Invest Pte. Ltd for the purchase of their 40,9% ownership share in NOR. SOFF will, after the transaction, own 100% of the share capital in NOR. The transaction is estimated to be completed April 14th 2011,
Maersk Drilling has signed a contract with Samsung Heavy Industries (SHI) in South Korea for the construction of two ultra deepwater drillships. The drillships are scheduled for delivery in the third and fourth quarters of 2013, respectively. The total project cost for the two drillships is close to
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. The Zola-1/Zola-1 ST1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is being drilled in
A working meeting was held yesterday at the Gazprom headquarters. Participating in the meeting were Alexey Miller, Chairman of the Management Committee of Gazprom, Helge Lund, President and Chief Executive Officer of Statoil and Christophe de Margerie, Chairman and Chief Executive Officer of Total S
Neptune announces that its Geomatics division has been awarded a contract with Santos for the provision of rig positioning services. The Neptune team will be deployed onboard the Stena Clyde Mobile Offshore Drilling Unit(photo) for the program of works scheduled in the Carnarvon Basin and Timor Sea.
Polarcus Limited announces that the Company has received a Letter of Intent for a 550 square kilometer 3D seismic acquisition project West of Shetlands, offshore United Kingdom. The project, subject to the execution of a service contract, will commence in August 2011 and is expected to run for appro
Buccaneer Energy (BCC) is putting the final pieces in place to bring the first rig to the Cook Inlet in over 16 years. On Friday, April 1st Alaska Industrial Development and Export Authority, (AIDEA) unanimously approved resolution G11-07 allowing AIDEA to join a joint operating venture with Kenai O
