CGGVeritas today its non-audited third quarter 2010 consolidated results. All 2009 results are reported before restructuring. * Group revenue was $656m, down 10% year-on-year and up 1% sequentially on recovering multi-client sales, including Gulf of Mexico, and continued robust Sercel activity * Gro
Kiewit-Aker Contractors, a 50/50 joint venture between Peter Kiewit Infrastructure and Aker Solutions, has been awarded a contract by ExxonMobil Canada Properties (EMCP) for the Hebron Project gravity based structure (GBS). The contract is for Front End Engineering and Design (FEED) and site prepara
Wärtsilä’s Sustainability Report has won first prize in the Corporate Responsibility Reporting 2010 competition in which corporations’ responsibility reporting in 2009 was assessed. The sustainability reporting competition is organised by the Confederation of Finnish Industries EK, Finnish Business
Songa Venus achieved operating efficiency of 99% during the month, the rig completed its work and moved over to the third firm well for Shell Development (Australia). The rig is scheduled to start 1st Optional well for MEO Australia during mid November.. Songa Mercur (photo) achieved operating effic
The Norwegian Petroleum Directorate (NPD) has granted Norwegian Energy Company (Noreco) ASA a drilling permit for well 17/6-1, cf. Section 8 of the Resource Management Regulations. Well 17/6-1 will be drilled from the West Alpha drilling facility at position 58° 44’ 15.46’’ north 03° 55’ 34.93’’ eas
U.K. Prime Minister David Cameron this week will announce an exploration deal between BP PLC and China National Offshore Oil Corp., or … By Marketwatch [mappress] Source: Marketwatch, November 8, 2010;
Security breach has occurred on the High Island VII jackup rig, which had recently arrived on location, preparing to commence infill drilling at the Okoro field. Two crew members are stable after receiving wounds to the leg, and have been evacuated by helicopter to a shore‐based clinic. It is believ
Dockwise Ltd. announces that its Board of Directors has approved the commissioning of a newbuild vessel to serve the emerging demand for ocean transports of up to and above 100,000 metric tons. The decision is subject to approval by a Special General Meeting of shareholders to authorize the proposed
ATWOOD OCEANICS, INC., a Houston-based international drilling contractor , announced today that the ATWOOD FALCON has been awarded an extension by Sarawak Shell Berhad / Sabah Shell Petroleum Company Ltd. of the existing contract. With this extension, the rig’s current contract commitment will be ex
Plans to build massive wind farms off the coast of Britain are in doubt due to an obscure piece of legislation that means oil companies … By Mercopress [mappress] Source: Mercopress, November 8, 2010;
Following the Nominations and Remunerations Committee’s proposal, the Board of Directors of Technip appointed Pascal Colombani as the Company’s first Senior Independent Director, for a renewable one-year term. In accordance with the Board of Directors’ internal charter, the Senior Independent Direct
The Gjøa oil and gas field developed by Statoil began production at 15.24 yesterday, 7 November, opening the way for more activity in the northernmost part of the Norwegian North Sea. “We envisage that its facilities can make this field a hub for developments in this area,” says Øystein Michelsen, e
Songa Offshore SE (“Songa”) reports total comprehensive income for the third quarter of 2010 of USD 37.0 million. Operating revenue for the third quarter was USD 174.1 million. This includes mobilization and demobilization revenue of USD 16.2 million. Total expenses for the third quarter were USD 10
Jurong Shipyard, a wholly owned subsidiary of Sembcorp Marine, has achieved a key milestone with the construction success of SeaDragon I, the largest ultra-deepwater semi-submersible drilling rig to be completed in Singapore. SeaDragon I, the first of two identical Moss Maritime CS50 MK II design ul
