CGGVeritas announced today that it has signed a strategic agreement with Spectrum, a Norwegian multi-client company, for the contribution by CGGVeritas of its 2D Multi-client marine library for a consideration in cash and a major equity position in Spectrum. CGGVeritas has reached a strategic agreem
The technology company The Linde Group continued to achieve profitable growth in the first half of 2011. “We are well on our way,” said Professor Dr Wolfgang Reitzle, Chief Executive Officer of Linde AG. “We’ve seen a strengthening of demand in both our gases business and our engineering business wo
Subsea 7 S.A. announced today that it has been awarded a contract valued at approximately $440 million from Chevron Australia Pty Ltd for the Chevron-operated Gorgon Project, offshore Western Australia. The work scope includes installation and tie-in of heavy lift structures in the Gorgon and Jansz
Subsea 7 S.A. announced today that it has been awarded a contract valued at approximately $440 million from Chevron Australia Pty Ltd for the Chevron-operated Gorgon Project, offshore Western Australia. The work scope includes installation and tie-in of heavy lift structures in the Gorgon and Jansz
After a relatively long building period and an intensive quality-control the Panyu Shipyard in Guangzhou, China, has delivered the brandnew twin screw tug “NEPTUN 11″ to her new owners Landfall Transport & Towage and Neptune Marine Services. With a length of 36 metres and a bollard pull of 42 tons,
CGGVeritas announced today that it has signed a strategic agreement with Spectrum, a Norwegian multi-client company, for the contribution by CGGVeritas of its 2D Multi-client marine library for a consideration in cash and a major equity position in Spectrum. CGGVeritas has reached a strategic agreem
Eni, the international oil and gas company, today announces its group results for the second quarter and the first half of 2011 (unaudited). Financial Highlights Adjusted operating profit: € 9.1 billion in the first half (up 8%); € 4 billion in the quarter (down 3%). Adjusted net profit: € 3.63 bill
Valiant Petroleum plc announces that drilling has commenced on its first Norwegian exploration well, 6407/5-2S, on PL471 located in the Norwegian Sea. The well is targeting Chamonix, a potentially large Cretaceous stratigraphic prospect, and the secondary Cortina prospect in the Jurassic. The well i
“ExxonMobil recorded strong results during the second quarter of 2011, while investing at a record level of over $10 billion to develop new supplies of energy to meet growing world demand”, EXXONMOBIL’S Chairman Rex W. Tillerson commented “Second quarter earnings of $10.7 billion were up 41% from th
Middle East Dredging Company Q.S.C. announced the successful takeover of the Al Jarraf, a new heavy duty suction dredger in Singapore Shipyard on the 20th July 2011. The new vessel will provide MEDCO with a powerful, competitive tool for future projects across the Gulf and beyond. The Al Jarraf vess
Norwegian Energy Company (Noreco) announces that the sale of the company’s interests in the Norwegian oil fields Brage and Hyme to Core Energy has now been completed. The consideration to Noreco is USD 85 million net of tax with effective date 1 January 2011. In addition a pro et contra settlement w
Eni has made a new hydrocarbon discovery offshore Ghana through the Gye Nyame 1 well, which is located in the OCTP block 50 km off the Ghanaian shoreline. The well, which was drilled in 519 meters of water, was drilled to a total depth of 3,349 meters and encountered significant thickness of gas and
Royal Dutch Shell’s second quarter 2011 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $8.0 billion compared with $4.5 billion the same quarter a year ago. Basic CCS earnings per share increased by 74% versus the second quarter of 2010. Second quarter 2011 CCS earnings, exclu
Peri Yachts recently launched the latest Peri 29 yacht. This latest Peri 29 has been named Ozone. Like her sister ships she is built in epoxy composites with carbon reinforcement at Peri’s shipyard in Antalya, with exterior and interior design by Scaro and naval architecture by UK’s renowned Bill Di
