Two of Scotland’s leading business angels are spearheading a new investment group aimed at unlocking the potential of existing companies in Scotland’s oil and gas sector, enabling them to maximise their value and move on to a higher level. London and Scottish Investment Partners (LSIP) will target established family firms and other SMEs which have [...]
Yesterday’s Nor-Shipping’s Agenda Offshore conference affirmed the successful marriage of convenience between the maritime and offshore oil and gas industries. The offshore industry is “a legitimate child” of the marriage between oil and gas as well as maritime companies. “It is maybe a relationship driven more by cooperation and innovation than by love or passion [...]
June 6, 2013 | Posted in
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The Australian Greens say the Federal Government is threatening WA’s iconic Abrolhos Islands by releasing acreage for oil and gas exploration that encroaches on the area. “The Abrolhos Islands are iconic in WA, they are a unique marine environment with many threatened species and are important to WA fishing industries. These low-lying islands would be [...]
Gulfstream Services Inc (GSI), provider of cutting edge equipment to the international oil and gas industry, has successfully completed two six figure decommissioning contracts with major oil and gas service companies, Helix Well Ops UK and Dof Subsea. The Helix contract was part of the BP North West Hutton decommissioning project where GSI tools were [...]
Estaleiros do Brasil Ltda. (EBR), a jointly owned Brazilian company by Toyo Engineering Corporation and SOG – Óleo e Gás S.A. (SOG) , a leading engineering company in Brazil, has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system. The contract [...]
Ophir Energy plc announces that it has secured a drilling rig and executed a letter of agreement for Rig Share Assignment with BG Group for the continuation of its 2013-2014 East African offshore drilling programme. Odjfell Drilling is the contract counterpart and drilling service contractor. The Deepsea Metro I (DSM-1) drillship is currently being used [...]
May 9, 2013 | Posted in
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Statoil’s first quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. “We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 2013 will be lower than in 2012. We are on track to [...]
Ensco plc, a U.S.-based drilling contractor, reported diluted earnings per share from continuing operations of $1.36 in first quarter 2013, compared to $1.20 per share in first quarter 2012. Discontinued operations primarily related to rigs and other assets no longer on the Company’s balance sheet resulted in a loss of $0.05 per share a year [...]
On April 17, 2013 Rosneft and Marubeni Corporation signed Memorandum of Cooperation in LNG project implementation and joint exploration and development of oil and gas fields. The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board, and Fumiya Kokubu, Marubeni Corporation President and CEO, Member of the Board. As part [...]
Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The agreement was signed in Baku, by Rovnag Abdullayev, President and CEO of SOCAR (the State Oil Company of the Republic [...]
