Hess Corporation reported net income of $58 million for the fourth quarter of 2010 compared with net income of $358 million for the fourth quarter of 2009. Fourth Quarter Highlights: • Net income was $58 million compared with $358 million in the fourth quarter 2009 • Items affecting comparability in
Abu Dhabi has launched an ambitious project to link its massive offshore gas facilities with onshore networks as part of an ongoing … [mappress] Source:Emirates247, January 26, 2011;
Scana Industrier ASA has through it’s subsidary Scana Offshore Vestby AS, been awarded a LOI (“Letter of Intent”) to deliver 16 offloading systems to Brazil. The LOI is issued by the Brazilian company Engevix Construcões Oceânicas S.A, and covers eight Floating Production Storage and Offloading vess
Saipem has been awarded new offshore and onshore drilling contracts worth approximately US$320 million. Saipem has been awarded the contract by Addax Petroleum to extend the charter of the semi-submersible rig Scarabeo 3 for drilling activities in Nigeria, for the duration of 6 months starting from
RWE Dea Egypt announced today that it made a gas discovery in its own operated North El Amriya concession. The successful testing of the reservoir opens chances of further future discoveries in the licence. The NEA 3x discovery is located in the offshore North El Amriya concession, some 40 kilometer
Lundin Petroleum AB (Lundin Petroleum) announces that drilling of exploration well 16/1-15 in PL338 has commenced. The well will target the Tellus prospect, which is situated immediately to the north of the Luno field. The main objective of well 16/1-15 is to test Jurassic/Triassic age sandstones an
Pride International, Inc. today announced that the company has dedicated and accepted delivery of the Deep Ocean Mendocino, the third new deepwater drillship to be added to the Pride International fleet, during a ceremony at the Samsung Heavy Industries Ltd. (SHI) shipyard in South Korea. The Mendoc
DOF has been awarded two six-year charter contracts with ConocoPhillips Skandinavia AS for two supply vessels of STX PSV 09 design. DOF has been awarded two six-year charter contracts with ConocoPhillips Skandinavia AS for two supply vessels of STX PSV 09 design. Both contracts include additional op
The Norwegian Minister of Petroleum and Energy, Terje Riis-Johansen, officially opened the Gjøa oil and gas field in the Norwegian North Sea yesterday in presence of Gerard Mestrallet, Chairman and CEO of GDF SUEZ. Gjøa has been the largest recent industrial project in Norway. It has been developed
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Dimitar Gogov, Executive Director of Bulgargaz EAD. The parties discussed the current status and the prospects for cooperation in the gas sector, and focused on the trans
Mustang, a Wood Group Company, and Sime Darby’s Energy & Utilities Division have entered into a joint-venture to form a new company called Mustang Sime Darby. The new company will provide project management, design and procurement support services for the Southeast Asian oil & gas industry from its
CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that the well intervention operation on the Oyo #5 well, located in the Oyo Field located offshore Nigeria, which commenced in December 2010 to reduce the gas production f
The national oil company Sonangol has publicly announced that the Angolan jury of the bid rounds has elected Statoil for operatorship and participation in several pre-salt blocks offshore Angola. Statoil has submitted its proposal as part of the pre-salt restricted public bid round organised by Sona
A Petrobras announces a new discovery of good quality oil in the pre-salt reservoirs of block BM-S-9, in ultra deep waters of Santos Basin. The discovery was a result of the drilling of well 3-BRSA-861-SPS (3-SPS-74), informally known as Carioca Nordeste, located in a water depth of 2,151m and 275 k
