BG Group, the UK oil and gas company, saw profits fall by nearly £600m on higher North Sea taxes and unrest in North Africa. The group … By Andrew Trotman (Telegraph) [mappress] Source:Telegraph , May 10, 2011;
The growth in revenue that commenced in the second half of 2010 continued, as expected, in the first months of 2011. This was despite somewhat lower utilisation of the vessel fleet due to such factors as a higher number of planned dry dockings for regular maintenance and the unexpected cancellation
Hyperdynamics Corporation announced today that AGR Peak Well Management Ltd. (AGR) has signed an extension to a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore regarding the Jasper Explorer drill ship for exploration drilling in Hyperdynamics’ concession offsh
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/154 development well. The Dzheitune (Lam) 28/154 well was drilled to a depth of 1,830 metres and completed as a single producer by the NIS rig. The
Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles, announced that its REMUS 100 AUV aided in the discovery of the World War I German submarine U-106, which had been missing since October 1917. The Royal Netherlands Navy (RNLN), which used t
Oil has been proven by Statoil and its partners Det norske oljeselskap ASA and Svenska Petroleum Exploration AS on the North Sea Krafla prospect. The well is located in block 30/11 around 26 kilometres south of the Oseberg South field. Based on preliminary calculations the size of the discovery is b
EnQuest PLC announces a farm in agreement with Fairfield Acer Limited (‘Fairfield’) for UKCS Block 9/28a – Area B, which contains the Crawford oil field and the 9/28a -18 Porter oil discovery. EnQuest already holds a 19% interest in the block, through its acquisition of Stratic Energy Corporation (‘
NOAA Corps Cmdr. Lawrence Krepp has assumed command of NOAA Ship Thomas Jefferson, one of the world’s most technologically advanced hydrographic survey vessels. At a May 6 change-of-command ceremony in Norfolk, Krepp relieved Cmdr. Shepard Smith, who will serve as senior advisor to Kathryn D. Sulliv
Det norske plans to submit a plan for development and operation (PDO) for the Jetta discovery this summer. On the exploration side, the company will participate in an additional eight wells in 2011. During the first quarter, Det norske oljeselskap ASA has given priority to the development of the Dra
Lundin Norway AS has received consent to carry out exploration drilling of well 7120/2-3 in the Barents Sea with the Transocean Leader mobile facility. The well will be drilled in production licence 438, approx. 172 kilometres northwest of Melkøya, and approx. 30 kilometres northwest of Snøhvit. The
L&N will manufacture and supply 110 subsea control products to be deployed on various North Sea subsea projects. The award reinforces L&N’s decision to focus on the subsea sector while maintaining its traditional business lines in valve supply and maintenance and welding and cladding services. L&N (
An important milestone in Apache’s UK North Sea Bacchus field development was reached recently with the installation of a 6.7km pipeline bundle. The job was overseen by Flexlife. In 2009, Apache awarded Flexlife a subsea engineering and pipeline operational support contract to oversee the management
Antarctica’s Ross Sea is no place for swimming. Covered in ice in its southern half, the frozen bay’s summer temperatures hover just enough… USA TODAY [mappress] Source: usatoday ,May 09, 2011;
A specialized team lead by Fairmount Marine has completed successfully the tow, mooring and positioning hook-up of the floating production storage and offloading unit (FPSO) Pazflor offshore Angola. Earlier Fairmount’s powerful tugs Fairmount Expedition, Fairmount Glacier and Fairmount Alpine have t
