Schlumberger Limited today reported third-quarter 2010 revenue of $6.85 billion versus $5.94 billion in the second quarter of 2010, and $5.43 billion in the third quarter of 2009. Net income attributable to Schlumberger, excluding charges and credits, was $875 million—an increase of 7% sequentially
Keppel Corporation Limited wishes to announce that its wholly-owned subsidiary, Keppel FELS Limited (“Keppel FELS”), has entered into a Letter of Intent with Mermaid Maritime Public Company Limited (“Mermaid”) to build two KFELS B Class jackup rigs worth US$360 million. In addition to these, Mermaid
Total today announces the signature of an agreement with Yam’s Petroleum to acquire a 60% interest in the CI-100 license. Through this agreement, Total becomes the project operator. Yam’s Petroleum retains a 25% interest and Côte d’Ivoire’s national oil company Petroci holds the remaining 15%. The t
The current joint venture partners (Sonangol and SBM Offshore) of Paenal Yard in Porto Amboim, Angola and Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea have signed an agreement in which DSME will acquire a 30% share in the Paenal Joint Venture. Effective shareholdings after the tran
SEACOR Holdings Inc. (NYSE: CKH) today announced its results for the third quarter of 2010. Net income attributable to SEACOR Holdings Inc. for the quarter ended September 30, 2010 was $149.9 million, or $7.14 per diluted share, on operating revenues of $979.8 million. For the nine months ended Sept
The plan for development and operation of the Valemon field in the North Sea has been submitted to the Ministry of Petroleum and Energy today with the goal of starting production in 2014. Calling for the installation of a new unstaffed platform, the PDO has been presented for official approval by op
The signing of these contracts will allow Eni to operate Block 1 and Block 2 with 100% participation interest and immediately perform all… [mappress] Source: Eni, October 22, 2010;
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 15/6-11 S, cf. Section 8 of the Resource Management Regulations. Wellbore 15/6-11 S will be drilled from the drilling facility Ocean Vanguard in position 58º 34’ 08.32” north 01º 42’ 10.54” east after
MEO Australia Limited is pleased to advise completion of the final step in acquiring an additional 5% interest in WA-360-P with the payment of US$5.5 million to Rankin Trend Pty Ltd (a wholly owned subsidiary of Moby Oil & Gas). The 5% participating interest is free carried through the drilling of A
Aker Solutions has agreed to transfer ownership in its subsidiary Aker Marine Contractors (AMC) to Singapore listed company Ezra Holdings Ltd (Ezra) in exchange for equity instruments in Ezra and cash. In addition, 50% of Aker Solutions’ ownership in the Aker Connector installation vessel will be tr
OGX Petróleo e Gás Participações S.A. , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today that it has identified an oil-bearing interval in the Albian section of well 3-OGX-21D-RJS, the first appraisal well targeting the Waim
Chevron Corporation today announced it has sanctioned development of the Jack/St. Malo project, its first operated project located in the Lower Tertiary trend in the deepwater U.S. Gulf of Mexico. “Jack/St. Malo is the latest example of Chevron advancing its industry-leading queue of major capital p
In January-September the offshore gas condensate field Shah Deniz produced 5,344,000,000 cubic meters of gas, according to sources in SOCAR. By Rufat Abbasov (News.az) [mappress] Source:news.az, October 21, 2010;
Diamond Offshore Drilling, Inc. today reported net income for the third quarter of 2010 of $198.5 million, or $1.43 per share on a diluted basis, compared with net income of $364.1 million, or $2.62 per share on a diluted basis, in the same period a year earlier. Revenue in the third quarter of 2010
