Further to announcement made on November 5, 2010, and following attempts to release the locked ram at the seabed, Sevan has, in accordance with procedures, decided to pull the BOP to the surface for repair of the jammed ram. Preparations for the pulling operations are ongoing. Estimated total downti
Statoil’s investigation report following the well C06 incident on the Gullfaks C platform in May was today, 5 November, handed over to the Petroleum Safety Authority Norway. “The incident that occurred in well C-06 on the Gullfaks C platform in the North Sea was serious and involved considerable ris
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, confirms that the North Sea pipeline bundle* contract award it announced on 9th August 2010 is for the ConocoPhillips Jasmine discovery in the Central North Sea. The Subsea 7 workscope includes the engineering,
Power Team® introduces Predator Series – its newest line of high performance hydraulic pumps and tools serving the global bolting industry. This family of high performance hydraulic products raises performance and reliability to a new level. A new generation torque wrench features more efficient and
Eni confirms that a JS Chartered aircraft crashed near Central Ordinance Depot, Cantonment area immediately after taking off from Karachi’s Jinnah International Airport at 7.25 AM today November 05, 2010. The flight was destined for the Bhit gas field in Jamshoro district, Sindh province. Aircraft w
An Aberdeen-based subsea firm has been awarded a £30,000 grant to develop a specialist underwater tool. Ecosse Subsea Systems was recently awarded the grant by Scottish Enterprise to assist in the research and development of SCAR, a specialist trenching plough designed to operate from vessels of opp
Melrose Resources plc , the oil and gas exploration, development and production company, announces first gas production from the Kavarna and Kaliakra gas fields offshore Bulgaria and to provide an update on its exploration operations in France, Egypt and Turkey. Field Developments Bulgaria The Kavar
DONG Energy will release its results for the first nine months of 2010 on 11 November, 2010. A conference call for investors and analysts will be held at 11:00 CET on the same day. Dial in numbers for the conference call: Denmark: +45 32 71 47 67 International: +44 207 509 5139 The conference call [
Apache Corporation today reported net income of $765 million , up 74 percent from $441 million in the prior-year period. Apache earned $2.12 per diluted common share in the third quarter compared with $1.30 per share in the year-earlier quarter. Worldwide production increased 10 percent from the yea
The Sevan Driller is currently off-hire due to problems with the blow-out preventer (‘BOP’) which started on November 2. During routine testing of the BOP, the locking system of one of the rams jammed in locked position. Sevan Marine is working together with Petrobras and the supplier, Cameron, to f
Operating profit amounted to USD 83 million, which is the best ever quarterly result, and net profit amounted to USD 72 million. Prosafe expects a good long-term demand for semi-submersible accommodation rigs, with stable activity in the North Sea and Mexico and growth in deepwater regions. Prosafe
When the application deadline for the 21st licensing round on the Norwegian shelf expired on 3 November, 37 companies had submitted applications. Director of Exploration Sissel Eriksen in the Norwegian Petroleum Directorate is very pleased that companies still consider the Norwegian Sea and the Bare
Hyperdynamics Corporation announces that it has entered into a $30 million definitive private placement agreement to sell 15 million common shares at a price of $2.00 per share to funds managed by affiliates of BlackRock, one of the world’s preeminent investment management firms. The closing of the
Sembcorp Marine achieved a 105% increase in net profit to $296 million from $145 million in 3Q 2009. Excluding the one-off write-back of $53 million in the consolidated income statement arising from the full and final amicable settlement with Societe Generale on the disputed foreign exchange transac
