BMT Group Ltd (BMT), the international design, engineering and risk management consultancy, has announced another strong financial performance for the year to 30 September 2012. By focusing on markets where it can deliver high-value customer solutions, revenues from BMT’s continuing businesses rose 22% to £156m and underlying operating profits increased to £13.7m, a proportion of [...]
Songa Offshore SE, a Cyprus-headquartered drilling contractor, today announced the recruitment of Jan Rune Steinsland as new Executive Vice President of Songa Offshore SE. Steinsland will report to interim CEO Jens A. Wilhelmsen and work alongside CFO Geir Karlsen to strengthen the company’s financial control and reporting structures. “As we have been quite open about, [...]
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announced that Frank Nelson has been appointed as Interim Chief Financial Officer and will join the senior management team with immediate effect. Nelson has over 25 years of experience in the construction and [...]
EMGS, a company specializing in electromagnetic marine surveys, has announced record financial results, with quarterly revenues hitting a USD 57.8 million figure. Highlights in the fourth quarter 2011 include record-high financial results: Total revenues at USD 57.8 million for the quarter EBITDA of USD 16.7 million Net Income of USD 12.3 million Multi-client basalt mapping [...]
Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved safety and made important strategic progress [...]
February 8, 2012 | Posted in
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Chevron Corporation today reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter. Full-year 2011 earnings were $26.9 billion ($13.44 per share – diluted), up 41 percent from $19.0 billion ($9.48 per share – diluted) earned [...]
January 27, 2012 | Posted in
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NORECO, an independent international petroleum company based in Norway, has appointed Mr. Ørjan Gjerde as new Chief Financial Officer (CFO). Ørjan Gjerde (42) has almost 20 years of experience within finance and management, and comes from the position as CFO in Malthus AS. He has previously had similar positions in Proserv Group and IKM Gruppen [...]
DNO International ASA is reporting net profit of NOK 299 million for the third quarter of 2011 versus a loss of NOK 146 million in the same quarter 2010. The strong result is affected by a net positive finance of NOK 301 million in this quarter. In the third quarter the Company delivered a Working [...]
![Cyprus: Songa Offshore Announces 1Q Financial Results]()
Songa Offshore SE (“Songa”), Cyprus-based offshore drilling company, reports total comprehensive income for the first quarter of 2011 of USD 25.1 million. Operating revenue for the first quarter was USD 140.7 million. This includes mobilization and demobilization revenue of USD 1.0 million. Total expenses for the first quarter were USD 90.0 million. The figure [...]
![Canada: Sonde Resources 2010 Financial and Operating Highlights]()
Sonde Resources Corp. announced today the release of its financial and operating results for the year ended December 31, 2010. Financial and Operating Highlights In Western Canada, Sonde focused capital activity on its extensive behind-pipe inventory, deploying $4.3 million to complete 12 re-entries (75% economic success rate) and 19 separate work-overs (100% economic success [...]
