In October Cargotec has secured EUR 10 million order from the Sinopacific Group in China for the supply of a further 16-shipsets of anchor-handling systems for BOURBON’s newbuildings. The shipsets will be delivered between April 2011 and February 2012. This contract follows an order placed in June t
The board of directors of Spectrum ASA has appointed Rune Eng as new President & CEO for Spectrum ASA. Rune Eng will take over the CEO position in the course of the 4th quarter of 2010. Mr. Eng has broad experience in the seismic industry and has served in different executive positions with Petroleu
For the three months ended September 30, 2010, Rowan Companies, Inc. generated net income of $67.2 million or $0.57 per share, compared to $78.4 million or $0.69 per share in the third quarter of 2009. Revenues were $437.9 million in the third quarter of 2010, compared to $393.4 million in the third
Oceaneering International, Inc. announced that it has secured a contract with the BC-10 Consortium, operated by Shell, to supply umbilicals for the development of BC-10 Phase II offshore Brazil in the Campos Basin. The order is for hybrid subsea pump and steel tube production control umbilicals tota
Hyperdynamics Corporation (NYSE Amex: HDY) today announced the completion of the second portion of its 3D seismic survey in the Company’s offshore concession in the Republic of Guinea. This portion of the offshore survey covers 875 square kilometers of a total planned 2010 survey of 3,635 square kil
Statoil’s third quarter 2010 net operating income was NOK 28.2 billion, compared to NOK 28.3 billion in the third quarter of 2009. The quarterly result was positively affected by a 14% increase in liquids prices and an 8% increase in gas prices compared with third quarter last year. In addition, we
Seahawk Drilling, Inc. announced that its Board of Directors has initiated a process to explore and consider possible strategic alternatives for enhancing shareholder value. These alternatives could include, but are not limited to, transactions involving a sale of assets, a recapitalization, or a sa
Origin Energy advises that the Korimako-1 exploration well had reached total depth of 1,946m and as at 06:00 hours NZDST on Tuesday, 2 November 2010, the current operation is plugging and abandoning the well. The well was drilled vertically using the semi-submersible drilling rig Kan Tan IV which is
Foster Wheeler AG announced that its Global Engineering and Construction Group has been awarded a contract by Perusahaan Gas Negara (PGN) a leading state owned enterprise and public listed company in natural gas business in Indonesia for the provision of project management consultancy (PMC) services
Subsea 7 Inc. , one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a contract by BP for a two and a half year frame agreement for Life-of-field services in the UK and Norwegian North Sea. The contract is valued in the region of $100 mil
Sonia Sikorav(photo), 53, is a graduate of École Normale Supérieure and an associate professor of Physical Sciences. She holds a PhD in Physical Chemistry and an MSM from the MIT Sloan School of Management (Sloan Fellow Program). Ms. Sikorav began her career at Rhône-Poulenc, where she held various
Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and production company, whose shares are listed in London (AIM) and Dublin (ESM), provides an update on its Dalkey Island exploration prospect in the Kish Bank Basin, offshore eastern Ireland. The Dalkey Island prospect is
BG Group today announced a 2.7 billion barrels of oil equivalent (boe) upgrade to estimates of gross resources for the Tupi, Iracema, and Guará fields in the Santos Basin, offshore Brazil. BG Group’s new aggregate best estimate of economically recoverable gross resources* for these fields amounts to
W&T Offshore, Inc. today provides financial and operational results for the third quarter 2010. Some of the highlights for the third quarter 2010 include: * Earnings per share increased for the third quarter to $0.36 from a loss per share of $0.02 in last year’s third quarter and EPS excluding speci
