Hercules Offshore, Inc. today reported a loss from continuing operations of $15.1 million, or $0.13 per diluted share, on revenues of $168.5 million for the third quarter 2010, compared with a loss from continuing operations of $37.2 million, or $0.38 per diluted share, on revenues of $159.3 million
Galoc Production Company (“GPC”) advises that production from the Galoc oil field offshore the Philippines has been shut-in following Typhoon ‘Megi’. Rubicon Offshore International (“ROI”), the owner and operator of the FPSO conducted an emergency disconnection from the mooring and riser system duri
Petrofac, the international oil & gas facilities service provider, has been awarded a contract worth in excess of £500 million (Approximately USD$792.6 million) by Total E&P UK Limited (Total) for the development of a gas processing plant on the Shetland Islands. Work is scheduled to begin in Octobe
Oil and gas exploration licences granted by UK Department of Energy & Climate Change (DECC) DECC today reveal industry interest in developing the UK’s North Sea resources remains vibrant. Following the positive trends of recent years, 144 licences to extract oil and gas from UK waters have been offe
GulfMark Offshore, Inc. today announced the results of operations for the three- and nine-month periods ended September 30, 2010. For the three months ended September 30, 2010, revenue was $94.5 million. Net income for the same period was $19.2 million, or $0.75 per diluted share. The results for th
Power conversion specialist Converteam has been selected by STX Offshore and Shipbuilding Co. Ltd (South Korea) as designer and supplier of an extensive package of electrical equipment for a newbuild, dynamically positioned, ultra-deepwater drillship for Noble Corporation, one of the world’s largest
The Board of Tap Oil Limited announces the appointment of Mr Troy Hayden as Chief Executive Officer (“CEO”) and Managing Director of the Company. The appointment is effective from 1 December 2010. Mr Hayden brings an appealing mix of skills to the role: leadership, financial and general management e
Desire Petroleum plc , the oil and gas company wholly focused on the North Falkland Basin, announces the signing of a contract for marine seismic acquisition services with Polarcus Limited for the use of the seismic vessel MV Polarcus Nadia. Under the terms of the contract Desire will acquire a 3D s
National Oilwell Varco, Inc. reported that for the third quarter ended September 30, 2010 it earned net income of $404 million, or $0.96 per fully diluted share, compared to second quarter ended June 30, 2010 net income of $401 million, or $0.96 per fully diluted share. Transaction charges for the t
Tap Oil Limited provides the following update on the Manora-4 appraisal well, in concession area G1/48, Gulf of Thailand. Location / Proposed Depth The Manora-4 well is located in the northern Gulf of Thailand in 45 metres of water, approximately 75 kilometres from shore and 230 kilometres south of
STEP Offshore, a wholly-owned subsidiary of Aker Solutions, has won a contract from Awilco Drilling Limited to engineer and deliver mud mixing and solids control systems to the Arctic II rig. STEP Offshore estimates that the value of the work will be approximately NOK 12 million(Approximately USD $2
FMC’s scope of supply will include 11 subsea trees rated at 10,000 psi and two production manifolds. The company will also supply an artificial lift manifold containing four subsea gas/liquid separation and boosting modules, as well as related subsea controls. The subsea system will be engineered an
Valiant Petroleum plc announces that its operated Viola North exploration well (Licence P1629, Block 30/18b) has reached a depth of approximately 16,000 ft TVDSS (~4,875 metres) and while the Fulmar sand formation was encountered, no hydrocarbons were present in this location. The well will be plugg
Royal Dutch Shell has radically simplified the design of the Kashagan oil development, slashing $18bn (£11.5bn) from the cost of the … By Richard Orange (Telegraph.co.uk) [mappress] Source: Telegraph.co.uk, October 26, 2010;
