Questions have been raised recently about the safety situation on the Gullfaks field. Statoil is holding a press meeting today to review the HSE factors at Gullfaks and to review the field’s geology, well conditions and recovery strategy. Safety takes top priority “Our people must be safe at work, t
McDermott International, Inc., announced today that one of its subsidiaries was awarded a contract to fabricate a 15,000 ton platform for Noble Energy’s Alen Gas-condensate Development Project (“Alen project”) off the East coast of Bioko Island, Equatorial Guinea. “This is a significant win for our
Enbridge Inc. announced today that it plans to expand the condensate processing capacity of its Venice, Louisiana facility. The estimated cost of the expansion is approximately $150 million and is expected to be in service in late 2013. The expanded condensate processing capacity will be required to
LONGREACH OIL AND GAS LIMITED, an oil & gas company focused on Morocco, announces the appointment of Jonathan Morley-Kirk as a Non-Executive Director and as Chairman of the Audit Committee. Mr Morley-Kirk is a Fellow of the Institute of Chartered Accountants in England and Wales specialising in emer
UAE-based MIS Group (Maritime Industrial Services ), a diversified engineering and contracting group focused on the energy sector, announces that is has recently signed contracts in its Fabrication value stream, with a number of new and existing clients. The contracts, a combined total of over $15 m
In January 2011 Deep Sea Supply`s AHTS fleet (all 12 AHTS Vessels) had an average gross income of approx. USD 15,000 per ship per day compared to USD 15,800 in December. The PSV fleet (all 8 PSVs) had an average gross income of approx. USD 16,900 per ship per day compared to USD 11,100 […]
Aker Solutions has on 1 February 2011 completed the sale of the principal operations within its Process and Construction business area to Jacobs Engineering Group Inc. (Jacobs). As disclosed on 22 December 2010, the transaction does not include the US EPC centre in Houston, and the Union Constructio
Electromagnetic Geoservices ASA (EMGS) announces that it has today signed a contract worth approximately USD 12.5 million with an oil company in the Kingdom of Saudi Arabia. The vessel BOA Galatea (photo) will acquire both 3D electromagnetic (EM) and magnetotelluric (MT) data in the Red Sea over a t
The board of BP announced today that it has appointed Mr. Phuthuma Nhleko as a non-executive director of BP p.l.c. with immediate effect. Mr. Nhleko is currently Group President and Chief Executive Officer of the MTN Group, the mobile telephony multinational company based in South Africa, positions
RWE Dea Norge has been awarded three promising licences in the recent APA 2010 licensing round by the Norwegian Ministery of Petroleum and Energy, of which one is in the North Sea and two are in the Norwegian Sea. This strengthens the company’s long-term commitment on the Norwegian Shelf. Licence PL
Neptune Marine Services Limited announces the results of an operational and structural review carried out over the past two months and expected lodgement of the prospectus for its $80.6 million equity capital raising with ASIC. The operational review – carried out in conjunction with Pricewaterhouse
Anadarko Petroleum Corporation announced that net income from continuing operations attributable to common stockholders totaled $111 million, or $0.22 per share (diluted), for the quarter ended Dec. 31, 2010. These results include certain items affecting comparability that are typically excluded by
AGR Field Operations has been awarded a contract by Hyundai Heavy Industries for the provision of Maintenance Engineering and Inspection Planning services for the Goliat FPSO. These services will be provided as part of the EPCI delivery from HHI to ENI Norge. Starting in Jan 2011, the scope of work
Aker Solutions has signed a contract with Framo Engineering AS to supply a subsea umbilical and associated equipment for Total’s CLOV development project located in the deepwater Block 17 offshore Angola. The contract value is approximately NOK 80 million(Approximately USD $13,9 million). Aker Solut
