Statoil’s second quarter 2011 net operating income was NOK 61.0 billion (USD 11.15 billion) , a 129% increase compared to NOK 26.6 billion (USD 4.86 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK, a
Statoil has received consent to use Maersk Gallant for exploration drilling of well 2/4-21 as well as an option on sidetrack 2/4-21 A. The well will be drilled in production licence 146/333 and is located in the North Sea about 13 kilometres north of Ekofisk. The closest distance to land (Lista) is
Petroleum Geo-Services ASA published second quarter and first half 2011 results. “We delivered our best quarterly MultiClient sales ever with pre-funding revenues boosted by high GeoStreamer MultiClient activity in the North Sea and Australia. We also experienced strong interest for our MultiClient
Cathelco have supplied a hull corrosion protection system for the Armada TGT 1, an FPSO which has been converted by the Keppel Shipyard in Singapore for Bumi Armada Berhad. The Armada TGT 1 will be deployed in the Te Giac Trang oilfield off Vietnam by the Hoang Long Joint Operating Company where it
Statoil’s second quarter 2011 net operating income was NOK 61.0 billion (USD 11.15 billion) , a 129% increase compared to NOK 26.6 billion (USD 4.86 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK, a
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) and the U.S. Coast Guard today signed a Memorandum of Agreement to identify and clarify their respective roles and responsibilities with respect to offshore renewable energy installations on the Outer Continental Shelf. The M
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) and the U.S. Coast Guard today signed a Memorandum of Agreement to identify and clarify their respective roles and responsibilities with respect to offshore renewable energy installations on the Outer Continental Shelf. The M
Eni has made a new hydrocarbon discovery offshore Indonesia. As the operator, Eni has successfully drilled an exploration well on the Jangkrik North East structure, located in the Muara Bakau block Kutei Basin, east of Kalimantan, 15 Km from the Jangkrik field. The Jangkrik North East discovery repr
Eni has made a new hydrocarbon discovery offshore Indonesia. As the operator, Eni has successfully drilled an exploration well on the Jangkrik North East structure, located in the Muara Bakau block Kutei Basin, east of Kalimantan, 15 Km from the Jangkrik field. The Jangkrik North East discovery repr
On 26 July 2011, the Petroleum Safety Authority Norway (PSA) granted an Acknowledgement of Compliance (AoC) to the Haven mobile living quarters facility operated by OSM Offshore AS (OSM). Haven is a jack-up facility, delivered in 2010 by Drydocks World, Graha Shipyard in Indonesia. Haven has 447 sin
Jumbo Shipping has successfully transported 51 monopiles from EEW’s manufacturing plant in Rostock, Germany, to Barrow-in-Furness in the UK. The monopiles’ final destination was DONG Energy’s Walney Offshore Windfarm 2. When the contract was awarded, the first shipment was only seven weeks away, dur
ConocoPhillips today reported $3.4 billion second-quarter earnings and $3.4 billion adjusted earnings. This compares with second-quarter 2010 earnings of $4.2 billion and adjusted earnings of $2.5 billion. “We had a solid quarter,” said Jim Mulva, chairman and chief executive officer. “Higher adjust
Mitsui Engineering & Shipbuilding Co., Ltd. (with president Mr. Yasuhiko Katoh) has agreed with a first class shipowner to build 2 units of “neo Supramax 66BC”, 66,000 dwt bulk carriers of next generation newly developed as low fuel consumption／eco-friendly ship. Keeping the superior usability of ME
Rocksource ASA has announced the drilling results from three of its five, 2011 exploration wells. Initial results show one discovery (Norvarg) and two dry holes at wells drilled to test unproven petroleum systems (Breiflabb and Kora). Wells four and five in the 2011 programme are expected to spud in
