“The first quarter confirmed the strong growth we have been projecting for this year.” Charles D. Davidson, Noble Energy’s Chairman and CEO
Polarcus Limited, a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole has announced the release of its first quarter 2012 financial statements. The first quarter 2012 was characterized by a continuation of the soft market conditions evidenced in the fourth quarter 2011. This [...]
Mermaid Maritime Public Company Limited (“Mermaid”) announces that its business unit Subtech Qatar Diving and Marine Services LLC (“Subtech”) has recently been awarded three (3) new contracts with new and existing clients. The first contract has already started and has an estimated value of USD 2.2 million. The second contract will start in early June [...]
Pars Oil and Gas Company (POGC) managing director, Mousa Souri, says the company will start drilling in oil layer of South Pars gas field up to the end of current Iranian month on 20th May. Speaking to Shana, POGC’s managing director, Mousa Souri, also said that the company has gained permissions to buy or lease [...]
Shell’s first quarter 2012 earnings increased from year-ago levels, through a combination of improved operating performance, increased upstream volumes and strong oil prices.
The 2nd edition of the World Offshore Operations & Maintenance Market Forecast, by Douglas-Westwood (DW) forecasts over $335 billion worth of expenditure from 2012-2016 on offshore oil & gas operations & maintenance (O&M). With O&M markets considerably less vulnerable to economic downturn than their capital-led counterparts DW predict growth of 8% per annum during the [...]
National Drilling Company, Abu Dhabi, has decided to exercise the options for Lamprell to build a further two jackup rigs in addition to the four rigs currently under construction by Lamprell for NDC. The new agreement with NDC is for the construction and delivery of two jack-up rigs valued at US$ 166.65 million each. As [...]
Qatargas has completed ten years of operations on its offshore facilities without a Lost Time Incident (LTI) – a significant milestone demonstrating the company’s outstanding safety performance. This world class performance across the entire offshore facilities and operations is the result of the continuous and proven commitment to safety, by the company’s leadership and workforce. [...]
Delek Group, one of Israel’s largest companies, investing in upstream and downstream energy sectors, announces that development plan for Pinnacles #1 prospect has been approved based upon operator’s conclusion of the existence of natural gas reservoir. The budget of USD 100 million has been approved (of which USD 30 million is for exploration and drilling). [...]
Stanford Marine, a regional marine business headquartered in Dubai, announced the successful completion of its newbuild program and delivery of its 10th high-spec Offshore Support Vessel. The completion of the program concludes a strategic growth initiative established by Stanford Marine which has increased the fleet value by $200m and resulted in a doubling of revenue [...]
