Seadrill Limited announces today that it intends to issue up to US$650 million in principal amount of convertible bonds with a seven-year tenor. This amount includes an increase option of up to US$100 million that has been granted to the joint bookrunners of the offering. The senior, unsecured bonds
The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the third quarter and nine months ended 30 September 2010. The 9M 2010 Report Card, the Address by Mr Choo Chiau Beng, Chief Executive Officer, and the Address by Mr Teo Soon Hoe, Senior Executive Dir
Tullow Oil plc (Tullow) announces that the Onyina-1 exploration well in the Deepwater Tano licence offshore Ghana encountered water bearing reservoirs. The Onyina-1 well was drilled to explore a large, high-risk, Campanian prospect between the Tweneboa and Jubilee fields in the northeast of the Deep
Polarcus Limited announced today that the Company, in association with its partner Sonar Limited, has received a Letter of Intent from Nigerian Agip Exploration Limited for a combined 190 square kilometer 4D seismic acquisition ‘monitor’ survey and a 30 square kilometer 4D undershoot project over bl
Mercon Steel Structures B.V. has signed a framework agreement with Shell U.K. Limited and the Nederlandse Aardolie Maatschappij B.V. (NAM) for the construction and installation of Riser Access Towers (RAT). The framework agreement encompasses the call off of one and possibly up to nine RAT’s. These
In Nigeria, Saipem has been awarded a subcontract for the Critical Crude Pipeline Replacement Project. The awarded scope of work encompasses fabrication, transportation, installation and testing of the replacement of 6 pipe lines (having a diameter ranging between 10 and 24 inches) connecting 6 plat
Ensco plc reported diluted earnings per share from continuing operations of $0.92 for third quarter 2010, compared to $1.01 per share in third quarter 2009. As previously reported, the Company has recovered possession of the ENSCO 69 drilling rig, which now has been reclassified as continuing operat
Helix Energy Solutions Group announced today that it has commenced oil and gas production from its Phoenix field in the deepwater Gulf of Mexico (GOM). The company is in the process of ramping up production from the four subsea wells and will be in a position to discuss production rates during its e
Technip has been awarded by Papa Terra BV(1) a contract for the supply of Integrated Production Bundles (IPB(2)) for the Papa-Terra field. This field is located at a water depth of 1,200 meters in the Campos Basin, approximately 110 kilometers offshore Brazil. The contract includes the engineering,
Encana Corporation delivered strong financial and operating results in the third quarter of 2010, despite continued downward pressure on natural gas prices. Encana generated third quarter cash flow of US$1.1 billion, or $1.54 per share, and operating earnings were $98 million, or 13 cents per share.
Nexans, the worldwide leader in the cable industry, has been awarded a contract worth in excess of 14 million euros by BP Exploration Operating Company Ltd of Aberdeen to deliver a subsea umbilical system for the Devenick gas field in the North Sea. Nexans wins major subsea umbilicals contract from
Baker Hughes announced today it has been awarded a multimillion dollar integrated project for the Borgland Dolphin Consortium (BDC) in Norway. The contract covers an initial three-year period for a full exploration program on the Norwegian continental shelf encompassing 15 wells. Under the terms of
Bibby Line Group is expanding its offshore services into the Far East with a new Singapore office. By Peter Elson (Liverpool Daily Post) [mappress] Source: Liverpool Daily Post, October 20, 2010;
CNOOC Limited announced today that its two new oil fields, BoZhong (“BZ“) 26-3 and LuDa (“LD”) 32-2 in the Bohai Bay have successfully commenced production recently. BZ 26-3 is located in the central part of Bohai Bay, neighboring producing field BZ 25-1S. The field has an average water depth of abo
