Deep Down, Inc. , an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has been awarded multiple contracts for subsea hardware and deployment equipment orders worth in excess of $2.6 million. Two orders were placed by a major controls OEM and the third order placed [...]
Extensive experience and skills are the reasons why Blue Water Shipping has been awarded this complicated rig transport to the Caspian Sea. Over the years, Blue Water Shipping has become one of the major players within the transport of giant constructions to the Caspian Sea through the Russian river system. Several of the transports handled [...]
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Ensco plc has entered into a contract for ENSCO 8506 semisubmersible drilling rig with Anadarko Petroleum Corporation. The initial contract term is for two and one-half years in the U.S. Gulf of Mexico at a day rate of $530,000, plus cost adjustments. The contract adds more than $480 million to revenue backlog. Delivery of ENSCO [...]
![USA: ExxonMobil’s 4Q Earnings Rise 2 pct]()
ExxonMobil, an American multinational oil and gas corporation and one of the largest companies in the world by market value, today announced earnings of $9,400 million for the 4th quarter 2011, an increase of 2% or $150 million from the fourth quarter of 2010. Upstream earnings were $8,829 million, up $1,349 million from the fourth [...]
Teledyne Oil & Gas group has been awarded a three year global frame agreement with FMC Technologies, Inc. to supply a wide portfolio of interconnect and sensing products and services in support of FMC’s offshore oil & gas business. Interconnect products from Teledyne ODI and Teledyne D.G. O’Brien are included, as well as corrosion, erosion [...]
Cal Dive International, Inc. announced today that it has been awarded a Field Abandonment and Decommissioning Contract from an operator in the Gulf of Mexico which includes the abandonment of sixteen wells, seven pipelines, and the removal of eight structures. The contract is expected to generate total revenue of approximately $25 million and will utilize [...]
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UK-based Sonardyne International has taken its first order for a Dynamic Positioning Inertial Navigation System (DP-INS). Vantage Drilling’s new 12,000 feet-rated drillship, Dragonquest, is set become the first deep water drilling unit in the world to be equipped with the new system when it begins operations in the Gulf of Mexico for Petrobras later this [...]
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Mr. Anon Sirisaengtaksin , President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, revealed today that PTTEP and its subsidiaries had a better operating results for 2011 than the previous year. In 2012, the company is ready for the first gas from Bongkot South Field in the 1st half while crude [...]
Mermaid Maritime’s subsidiary, MTR‐1 (Singapore) Pte. Ltd., has secured a letter of award with an international upstream oil and gas company for accommodation barge support services in Indonesia utilizing the ‘MTR‐1’. The duration of this Contract is for 150 days and has a potential value of USD 4.9 million. The Self Erecting Tender Barge, MTR-1, [...]
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Wärtsilä, a global leader in complete lifecycle power solutions for the marine and energy markets, today announced that the Scheme of Arrangement with regards to the acquisition of Hamworthy has become effective and the control of Hamworthy has been transferred to Wärtsilä as of today, 31 January 2012. The associated Reduction of Capital was confirmed at [...]
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