PTT Exploration and Production Public Company Limited (PTTEP) today (4 February 2011) welcomed the announcement by Australia’s Minister for Resources and Energy, The Hon Martin Ferguson MP, that it can continue its E&P operations in Australia. The Australian Government’s decision recognises PTTEP’s
Diamond Offshore Drilling, Inc. today reported net income for the fourth quarter of 2010 of $241.7 million, or $1.74 per share on a diluted basis, compared with net income of $276.1 million, or $1.98 per share on a diluted basis, in the same period a year earlier. Revenues in the fourth quarter of 2
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 7220/8-1, cf. Section 8 of the Resource Management Regulations. Well 7220/8-1 will be drilled from the drilling facility Polar Pioneer at position 72o 29` 28.92″ north and 20o 20´ 02.25″ east. The dri
Recognizing the significant commitment Hess has made to workplace safety, the U.S. National Safety Council (NSC) is honoring company Chairman and CEO John Hess among the “2011 CEOs Who Get It” in the February issue of Safety+Health magazine. Each year the publication recognizes CEOs who have made sa
In response to recent media speculation, Wood Group confirms that it is evaluating the possible sale of the Well Support division. These discussions may or may not lead to a transaction. A further announcement will be made if appropriate. Wood Group is a leading international energy services company
National Oilwell Varco, Inc. today reported that for the fourth quarter ended December 31, 2010 it earned net income of $440 million, or $1.05 per fully diluted share. Sequentially, earnings improved nine percent compared to third quarter ended September 30, 2010 net income of $404 million, or $0.96
Cameron reported net income of $164.6 million, or $0.66 per diluted share, for the quarter ended December 31, 2010, compared with net income in the prior year’s fourth quarter of $97.3 million, or $0.41 per diluted share. The fourth quarter 2010 results include after-tax charges of $6.2 million, or
Engineering and construction company Clough Limited confirms details of an offshore contract, awarded in December and referred to via an announcement made by the Company on 20 December 2010. Clough and partner PT Advanced Offshore Services have been awarded a contract by ConocoPhillips for remedial
Anadarko Petroleum Corporation today announced that Bob Daniels, Sr. Vice President, Worldwide Exploration, will present at the Credit Suisse Energy Summit in Vail, Colorado, on Feb. 8, 2011 at 8:45 a.m. Mountain (MST). A link to the webcast presentation will be available at www.anadarko.com. The re
Otto Energy Ltd is announces that it has entered into an agreement with joint venture partner Trans‐Asia Oil and Energy Development Corporation to increase its equity in two core exploration permits in the Philippines. Otto will increase equity in Service Contract 55, Offshore Palawan by 8.18% to 93
SBM Offshore confirms two appointments to the Board of Management: – Mr. Bruno Chabas will be appointed as Chief Operating Officer and a Director in the Board of Management of SBM Offshore N.V. with effect from 1 May 2011, succeeding Francis Blanchelande who is due to retire this year. Bruno Chabas
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
Diamond Offshore Drilling, Inc. announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a second ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the fourth quarter of 2013. Total cost, including commissioning, sp
Norwegian Energy Company ASA (Noreco), operator of production licence 545, is in the process of completing the drilling of wildcat well 17/6-1. The well was drilled approximately 100 kilometres southeast of the Grane field in the central part of the North Sea. The objective of the well was to prove
