Brazil’s state-controlled oil and gas company Petrobras posted a record net income in 1Q11: R$10.985 billion (USD 6.7 Billion), 42% up on last year. Higher gross profit (positive change of R$894 million) driven by 4% growth in the domestic production of oil and natural gas and a higher oil (+6%) and
Kencana Petroleum Bhd (Kencana) announced that its subsidiary Kencana HL Sdn Bhd (Kencana HL) has successfully signed an agreement with … The Borneo Post [mappress] Source:TheBorneoPost, May 15, 2011;
There has been some disinformation in the media concerning the Underwater Technology Conference and other petroleum exhibitions concentrated in Western Norway. The UTC is hosted by The Underwater Technology Foundation (UTF). The UTF was set up during the pioneering period of the Norwegian petroleum
Van Oord Australia Pty Ltd and Dredging International (Australia) Pty Ltd have been awarded the second contract for the Western Basin Main Works Dredging at the Port of Gladstone, Queensland, Australia. This second contract signed on the 12th May 2011 with the Gladstone Ports Corporation involves th
Geo Networks (Geo), a provider of high-performance fibre networks, has signed a commercial agreement with EirGrid, Ireland’s prominent electricity system operator and developer, to provide a second fibre optic subsea cable between the UK and Ireland. This route forms the second half of the diverse f
Preliminary production figures for April 2011 indicate an average daily production of about 2 087 000 barrels of oil, NGL and condensate. This is an increase of 26 000 barrels compared to March. Gas production was about 7.4 billion Sm3, which is a decrease of 2.9 billion Sm3 compared to the previous
C-NLOPB announced the details of the 2011 Calls for Bids in the Newfoundland and Labrador Offshore Area. Calls for Bids NL11-01 (Area “B” Western Newfoundland and Labrador Offshore Region), NL11-02 (Area “C” Flemish Pass/North Central Ridge) and NL11-03 (Area “C” Labrador Offshore Region) will consi
OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today that it has identified the presence of hydrocarbons in the Albian section of 1-OGX-30-RJS well, in the BM-S-58 block, in the sh
* First quarter revenue of $279 million increased by 24% from the $225 million reported in the first quarter of 2010 but was lower than the $292 million reported in the fourth quarter of 2010. * EBITDA in the first quarter increased by 36% to $41.4 million from $30.4 million in the first quarter of
In the Revised National Budget, the net cash flow from the petroleum sector in 2011 is estimated to NOK 311 billion (app. USD 56.8 Billion). This is an increase of NOK 23 billion (USD 4.2 Billion) from the National Budget 2011. – The petroleum industry is Norway’s largest and most important industry
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million. The five-year deal, with options to extend by up to a further four years, involves supplying electrical equipment
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million(USD 73.2 Million). The five-year deal, with options to extend by up to a further four years, involves supplying ele
Fugro Subsea Services Ltd. in Aberdeen, Scotland has taken delivery of their latest OCV vessel “Fugro Symphony” . The vessel is built by Bergen Group at BMV in Bergen. “Fugro Symphony” is of ST-327L CD design, developed by Skipsteknisk. The vessel is based on the previously built ST-327 serie of Sei
Fugro Subsea Services Ltd. in Aberdeen, Scotland has taken delivery of their latest OCV vessel “Fugro Symphony” . The vessel is built by Bergen Group at BMV in Bergen. “Fugro Symphony” is of ST-327L CD design, developed by Skipsteknisk. The vessel is based on the previously built ST-327 serie of Sei
