BOURBON today announces that in the third quarter of 2011, the company’s revenues totaled 252.2 million euros, up 14% (+20% at constant exchange rate) over the same period in 2010, buoyed by the steady improvement in daily rates and the good performance of shallow water offshore vessels. Compared with the second quarter of 2011, BOURBON [...]
November 10, 2011 | Posted in
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Read More » ![France: Total Earns USD 3.9 Billion in 3Q 2011]()
French oil major Total posted higher quarterly earnings on Friday as stronger crude prices and improved profitability in its refining busine… Reporting By Marie Maitre (Reuters) Source: Reuters, October 28, 2011
![France: Technip Untouched by Global Economic Crysis]()
French oil services group Technip shrugged off global economic uncertainty on Thursday as it unveiled forecast-beating quarterly results and… By Marie Maitre (Reuters) Source:Reuters , October 27, 2011
![Brazil: DORIS Chooses Intergraph for Design of 8 Petrobras FPSO Topsides]()
DORIS Engenharia Ltda., the Brazilian subsidiary of France’s DORIS Engineering and a specialist in the offshore oil and gas industry, has chosen Intergraph® SmartMarine® Enterprise solutions to design the topsides of eight floating, production, storage and offloading (FPSO) units for global energy leader Petrobras. The eight FPSOs will be used for pre-salt layer exploration. The [...]
October 27, 2011 | Posted in
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Petrobras CEO, José Sergio Gabrielli de Azevedo, said that Brazil will be one of the main contributors to the increase of oil supply in the global market and stressed that demand continues to increase in developing nations. This Tuesday (Oct 18) Mr. Gabrielli took part in a ministerial meeting organized by the International Energy Agency [...]
October 19, 2011 | Posted in
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Read More » ![CGGVeritas Provides Vessel Utilization and Fleet Allocation Updates (France)]()
CGGVeritas provides its vessel utilization and its fleet allocation updates for the third quarter of 2011. Vessel utilization for the third quarter 2011: -The vessel availability rate was 91% including initial shipyard of the Champion for upgrades as part of our performance program. This compares to a 92% availability rate in the second quarter [...]
October 10, 2011 | Posted in
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Read More » ![France: Total Raises its Oil and Gas Production Target]()
French oil company Total has raised its medium-term oil and gas production growth target, as acquisitions, project start-ups and new… By Marie Maitre (Reuters) Source:Reuters ,September 26, 2011
![France: Sercel Unveils SeaRay 428 Seabed Acquisition System]()
Sercel has launched the SeaRay® 428, the latest generation of its SeaRay system, designed to deliver competitive, redeployable 4-C seabed seismic acquisition. With nine systems in operation worldwide, the current SeaRay system has already become the industry’s system of choice, delivering unrivalled operational benefits and high-quality broadband seismic data. The SeaRay 428 offers enhanced productivity [...]
September 20, 2011 | Posted in
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Read More » ![France: European Parliament Votes to Protect Whistleblowers from Offshore O&G Industry]()
Development of new gas or oil fields in European seas should only be allowed if the company has prepared an adequate emergency plan and has sufficient funds to repair possible damage to the environment, says a resolution passed by Parliament on Tuesday. Site-specific plans for all drilling, which would have to be approved by the [...]
![GE Acquires French-Based Converteam for USD 3.2 Billion]()
GE today announced the successful completion of its $3.2 billion acquisition of Converteam, a leading provider of power conversion and automation systems and high-efficiency power electronics, motors and generators. Converteam’s solutions enable customers in a variety of industries to replace or improve mechanical processes with high-efficiency electric alternatives that deliver better reliability, less maintenance [...]
September 2, 2011 | Posted in
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