Cairn Energy’s Stena Don oil rig is scaled by Greenpeace activists to demand an end to offshore drilling. The four climbers used RHIBS to dodge Danish Navy Commandos before climbing up the inside of the rig and hanging from it in tents suspended from ropes, halting its drilling operation. The climbers have enough supplies to [...]
Cooperation with Norwegian and Swedish Universities focuses on human factors in simulation. Simulation of Demanding Maritime Operations Kongsberg Maritime AS, Simulation & Training has made an agreement with the Research Council of Norway to form a user-directed research program called SIMAR – Simulation of Demanding Maritime Operations – which is aimed at improving simulation training [...]
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 consideration of $110 [...]
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$90 million, will be mainly performed by the DLB Iroquois, a pipelay and offshore construction vessel, [...]
August 31, 2010 | Posted in
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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 * Seadrill awarded US$2.9 billion in new contracts and contract [...]
August 31, 2010 | Posted in
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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 measured depth of 3,501 m at a water [...]
Offshore engineering specialist IHC Engineering Business (EB) is “absolutely” confident of being back in profit this year after investment… By Karen Dent, The Journal 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 ICE-1A from DNV [...]
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 million, compared to $145 million [...]
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 and complex modification projects in addition to the smaller [...]
