BP announced that it will establish a $100 million charitable fund to support unemployed rig workers experiencing economic hardship as a result of the moratorium on deepwater drilling imposed by the United States federal government. The Rig Worker Assistance Fund will be administered through the Gul
Negotiations have been launched between the federal government and Quebec in an attempt to strike an offshore drilling deal similar to those… The Chronicle Herald [mappress] Source: thechronicleherald, July 30, 2010:
Lundin Norway AS (Lundin Petroleum) has received consent to conduct exploration drilling of well 16/1-14 in PL 338. The well will be drilled with the mobile drilling facility Transocean Winner The purpose of drilling is to investigate the production characteristics of the formation. The drilling loc
The Board of Directors of Total, led by Chairman and CEO Christophe de Margerie, met on July 29, 2010 to review the Group’s second quarter and first half 2010 accounts. Adjusted net income for the second quarter 2010 was 2,961 million euros (M€), an increase of 72% compared to the second quarter 200
Kea Petroleum plc announced that the New Zealand Minister of Energy has given his formal approval, under the Crown Minerals Act 1991, to the acquisition by the Group’s wholly owned subsidiary, Kea Oil and Gas Limited, of a 100% interest in Petroleum Exploration Permit PEP 381204 from Genesis Power L
The topside for the second phase of the Akcakoca field development was fabricated within GSP Shipyard. The load out operation was carried out under the supervision of the project management team and the beneficiary’s representatives. GSP Neptun, the 1800 tons heavy lift crane barge, performed the lo
AWE Limited announces that its Managing Director, Bruce Wood, has advised he has decided to retire on or about his 60th birthday and consequently has given twelve months notice under his employment contract. The Board has launched a global executive search for his replacement. The board and Bruce ha
Subsea 7, one of the world’s leading subsea engineering and construction companies has chosen BlueView Technologies to provide an acoustic imaging system for its new line of Autonomous Inspection Vehicles (AIVs). Under this agreement, BlueView will deliver both forward looking navigation and trackin
Seadrill has been awarded a six months contract extention for the ultra-deepwater semi-submersible drilling rig West Hercules by Husky Oil China Ltd. The estimated value of the contract extention is approximately US$90 million. The extention secures continued employment for the ultra-deepwater unit
CGGVeritas announced today, at the proposal of FSI (Fonds Strategique d’Investissement) and the approval of CGGVeritas Board , that Mr. Denis Ranque will sit on the CGGVeritas Board of Directors on behalf of the FSI. Mr. Denis Ranque became a director of CGGVeritas on May 5th 2010, the date of the l
EXXONMOBIL’S CHAIRMAN REX W. TILLERSON COMMENTED: “ExxonMobil’s focus on operational excellence continues to deliver strong results. Second quarter earnings, excluding special items, of $7.6 billion, were up 85% from second quarter of last year reflecting higher crude oil realizations, improved down
Statoil has received consent to conduct exploration drilling of well 7220/8-1 using the mobile drilling facility Polar Pioneer. The well will be located about 200 km from land NW of Ingøy in Finnmark and about 210 km SSE from Bear Island. The well has the following geographic coordinates: * N 72 ° 2
Noble Energy, Inc. reported today second quarter 2010 net income of $204 million, or $1.10 per share diluted, on revenues of $751 million. Net income for the quarter included an unrealized commodity derivative gain, as well as a rig contract termination expense. Excluding these items, which would ty
Ian Tombs has been appointed Senior Vice President, Corporate Compliance at Inchcape Shipping Services. With a background in Mechanical Engineering, his work was for many years focused on the design, manufacture, installation and recovery of submarine communication cable systems. He brings considera
