Endeavour International Corporation (NYSE Amex: END) (LSE: ENDV) today announced it has signed a definitive agreement to sell its Cygnus asset in the Southern Gas Basin of the United Kingdom sector of the North Sea to Bayerngas UK Ltd., the UK oil and gas subsidiary of Bayergas Norge AS, for a cash
Global Industries, Ltd. announced today that its Brazilian business unit (Global Industries Brasil) has been awarded a project for design, engineering, procurement, fabrication, installation and pre-commissioning to be performed in the Northeast region of Brazil. The project, worth approximately US$
Seadrill reports second quarter 2010 results: Highlights * Seadrill generates second quarter 2010 EBITDA of US$493 million * Seadrill reports second quarter 2010 net income of US$329 million and earnings per share of US$0.77 * Seadrill acquires the seven jack-up rig company Scorpion Offshore Ltd * S
Hardy Oil and Gas plc, the oil and gas exploration and production company, with assets predominantly in India, announces its fourth successive gas discovery in the exploration block KG-DWN-2003/1 (D3) of NELP-V. The well KGV-D3-W1, the fourth exploration well in this block, was drilled to a total me
Offshore engineering specialist IHC Engineering Business (EB) is “absolutely” confident of being back in profit this year after investment… By Karen Dent, The Journal [mappress] Source: Nebusiness, August 31, 2010,
Shipowner Polarcus took delivery of the 12 streamer 3D/4D seismic vessel Polarcus Asima on 31 August. The vessel is built at Drydocks World Dubai, and is of ULSTEIN´s SX134 design. The vessel, measuring 92 m length and 21 m breadth, is the largest in the Polarcus fleet Polarcus Asima is classed with
LUKOIL publishes consolidated US GAAP financial accounts for the second quarter and first half of 2010. The Company’s net income was $4,002 million in the first half of 2010, including $1,949 million in the second quarter. The Company’s free cash flow in the first half of 2010 amounted to $3,127 mil
Statoil has awarded to Aker Solutions Marulk tie-in to the floating production, storage and offloading (FPSO) vessel Norne. Aker Solutions estimates the value of the work to be approximately NOK 120 million. “This award falls within our core business and strategic objective of pursuing more advanced
Wood Group has entered into a contract with BP Operating Company Ltd (‘BP’) to provide topside engineering and project management services for BP’s Andrew Area Development project in the central North Sea. The project scope includes the tie-back of the Kinnoull reservoir to Andrew, some 28km away, a
ADX Energy Limited reports on activities during past week. The 8 1/2″ section was successfully drilled from 2,219 meters through the main target section (Abiod formation) to the current measured depth of 2,785 meters. A bit change was made at a depth of 2,629 meters. Further to the update from 27th
Cirrus Energy Corporation announces the following operational update regarding ongoing activities in our wholly owned subsidiary, Cirrus Energy Nederland B.V. (”Cirrus“) in The Netherlands. Well M07-07 (Cirrus 42.75%, operator) The deviated M07-07 well, drilled from the M7-A production platform, enc
Sterling Resources Ltd.announced the successful drilling of the Cladhan sidetrack well located on Block 210/29a in the United Kingdom North Sea, some 225 miles north east of Aberdeen, Scotland, in 536 feet water depth. Sterling holds a 39.9% interest and is the operator of the License P1064. Partner
STC-ECO – the Siemens seal-less compressor unit for dirty-gas and subsea applications – has successfully completed its factory test program. Following a highly comprehensive program aimed at qualifying the unit for subsea gas compression, the machine will now undergo a further extended test program.
Keppel AmFELS L.L.C., the U.S. wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), is on track to deliver the second of four EXL rigs to Rowan Drilling Companies, Inc. (Rowan) on time, within budget and with zero lost-time incidents. The rig, christened Rowan EXL-II last Friday
