Oil services group Aker Solutions signals a stronger focus on international growth and engineering through an expansion of its executive management team. Three members have been added, of which two are non-Norwegian citizens. Wolfgang Puennel, a German citizen, has been appointed head of the new Wel
Buccaneer Energy Limited (“Buccaneer” or “the Company”) advises that the Board of the Alaska Industrial Development & Export Authority (“AIDEA”) has approved the expenditure of additional funds up to $200,000 which will be used to further develop a variety of definitive agreements that would authori
Polarcus Limited announced that it has held a double naming ceremony on 16 February 2011 for the Company’s newest vessels, POLARCUS SAMUR and POLARCUS ALIMA, to join the industry’s most modern 3D seismic fleet. The ceremony was held at the Drydocks World – Dubai shipyard in the United Arab Emirates
Aker Solutions’ operating revenues in the fourth quarter of 2010 were NOK 15 billion and earnings before interest tax depreciation and amortisation (EBITDA) was NOK 1 191 million. The preliminary results for full year 2010 show revenues of NOK 50.8 billion and EBITDA of NOK 4.3 billion. All of the a
On February 15, 2011, Technip’s Board of Directors approved the audited full year 2010 consolidated accounts. Chairman and CEO Thierry Pilenko commented: “In 2010: Technip reinforced its focus on profitable and sustainable growth. “Our revenues for 2010 were at the top end of our expectations at €6.
The Norwegian Petroleum Directorate (NPD) has granted Nexen Exploration Norge AS a drilling permit for wellbore 6507/8-8, cf. Section 8 of the Resource Management Regulations. Well 6507/8-8 will be drilled from the Songa Delta drilling facility in position 65°16’52.53” north and 7°25’29.91” east fol
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 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 b
CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that on February 15, 2011, it completed the acquisition of the remaining interest held by Allied Energy Plc and certain of its affiliates (“Allied”) in a Production
The Norwegian Petroleum Directorate (NPD) has granted Marathon Petroleum Norge AS a drilling permit for wellbore 25/10-11, cf. Section 8 of the Resource Management Regulations. Wellbore 25/10-11 will be drilled from the Transocean Winner drilling facility at position 59° 12’ 48.06” north and 02° 07’
French petroleum major Total is in talks with Russia’s oil major Rosneft on joint projects in the Barents Sea, General Director of Total … By Thomas Nilsen (The Barents Observer) [mappress] Source:Barents Observer, February 16, 2011;
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a new contract for the design and construction of a Platform Supply Vessel of own design for an undisclosed international customer. The vessel i
Hyperdynamics Corporation announced today that Andrei Orlov has joined the company as Vice President for Business Development based in London, England. Orlov most recently was a Regional Director of Foster Wheeler, a global engineering and construction firm, and prior to that, Vice President for Bus
Statoil’s internal investigation into the gas leakage on the Gullfaks B platform in the North Sea on 4 December 2010 has been concluded and the report presented to the Petroleum Safety Authority Norway. A pipeline was being replaced, following the completion of maintenance on a choke valve, when a g
Rolls-Royce, the global power systems company, has won a £20 million (USD$ 32.3 million) order from Chinese conglomerate Sinopec to design and equip a specialist seismic research vessel. When operational it will carry out detailed surveys of the seabed to identify oil and gas reserves. The contract
