As a climax to Subsea 2013’s seventh annual awards ceremony which recognises innovation and outstanding achievements across the UK subsea industry, Mark Patterson CEO of Nautronix was the proud recipient of this year’s Outstanding Contribution award. After joining Nautronix in 1996, Mark oversaw the first public to private sale in Australia, de-listing Nautronix and becoming [...]
February 11, 2013 | Posted in
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The role of the UAE’s energy sector, particularly ADNOC Group, in furthering the US-UAE bilateral trade relationship was underscored at a reception in honor of visiting delegations in Houston, Texas for the 2012 Offshore Technology Conference (OTC 2012). The reception, hosted by the Bilateral US-Arab Chamber of Commerce was attended by UAE trade delegates led [...]
May 3, 2012 | Posted in
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Apache Corporation today reported that record production and strong oil prices combined to generate record full-year 2011 earnings of $4.5 billion or $11.47 per diluted common share, up 50 percent from $3 billion or $8.46 per share in 2010. Production increased 14 percent to 748,000 barrels of oil equivalent (boe) per day. Cash from operations [...]
February 16, 2012 | Posted in
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As a partner in the giant Aldous Major oil discovery, Det norske oljeselskap ASA has created significant values both for its shareholders and for the Norwegian society at large. This discovery transforms the company and makes it a more significant player on the Norwegian Continental Shelf. In the third quarter, Det norske has submitted two [...]
Noble Energy, Inc. reported today third quarter 2011 net income of $441 million, or $2.39 per share diluted, on revenues of $924 million. The Company’s third quarter 2010 net income was $232 million, or $1.31 per share diluted, on revenues of $755 million. Net income for the third quarter 2011 includes unrealized commodity derivative gains [...]
![UK: Subsea 7 S.A Director Wins The Outstanding Achievement Award at a Prestigious Event]()
Mel Fitzgerald, Director of Subsea 7 S.A. and former Chief Executive Officer of Subsea 7, was last night recognised for his significant and positive impact on the subsea sector. The Outstanding Achievement award was made by Subsea UK at its annual Subsea Business Awards in Aberdeen, UK. Bill Edgar, Subsea UK’s Chairman, gave great [...]
![China: CNOOC Ltd Announces Outstanding Production Performance of New Field BZ19-4]()
CNOOC Limited announced today that Bozhong (BZ) 19-4 (shallow formation) oil field in the Bohai Bay has commenced production recently. This oil field is located in the southwest part of Bohai Bay. With an averaged water depth of about 21 meters, the field is approximately 7 kilometers northwest of BZ 25-1 oilfield. The development and [...]
