The third of its type in Statoil’s portfolio the vessel will help reduce the costs of well interventions and enhanced oil recovery. Statoil has awarded Island Offshore a framework agreement for light well intervention (LWI) services from their vessel Island Constructor. The duration of the framework
FMC Technologies, Inc. reported first quarter 2011 revenue of $1.1 billion and diluted earnings per share from continuing operations of $0.35. The diluted earnings per share included a tax benefit of $0.03 per diluted share. Total inbound orders of $1.4 billion were up 11 percent from the first quar
Singapore oil terminal ATB has presented Inai Kiara-Van Oord JV with an award for their commitment and contribution in achieving 1 million safe man hours without long term injuries. This result was achieved at the construction of a hydrocarbon storage and distribution project at Tanjung Bin in Malay
Octanex N.L. has been advised by Eni Australia Limited, the Operator of the Galahad-1 well located in the outer Exmouth Plateau permit, WA-363-P, that Galahad-1 spudded at 06:30 hours WST (Western Standard Time) on Sunday, 24 April 2011. The Galahad-1 well is being drilled by the Saipem 10000 drills
Premier Oil has successfully completed operations on the appraisal sidetrack CRD-2X-ST on block 07/03, offshore Vietnam. This sidetrack reached its planned total depth of 3,340 metres (m) in the Miocene section and intersected 18.3m of net oil pay. This compares with 34.4m of net oil pay intersected
Ensco plc and Pride International, Inc. jointly announced today that they each will hold special shareholder meetings on 31 May 2011 to vote on the merger of their companies, creating the world’s second largest mobile offshore drilling fleet. The Ensco and Pride joint proxy statement/prospectus has
ATWOOD OCEANICS, INC., a Houston-based international offshore drilling contractor , announced today that one of its subsidiaries has been awarded a six-month contract extension with a six-month option, both priced at the current dayrate of $90,000, with an affiliate of Nucoastal (Thailand) Limited f
Statoil has awarded Island Offshore a framework agreement for light well intervention (LWI) services from their vessel Island Constructor. The duration of the framework agreement is three years, with an option to extend for another year. The third of its type in Statoil’s portfolio the vessel will h
Great Lakes Dredge & Dock Corporation today announced that it will release its financial results for the quarter ended March 31, 2011 on Tuesday, May 3, 2011 at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.T. Great Lakes Dredge & Dock Corporation is
Kongsberg Maritime has been selected to supply eight bridge Polaris Ship’s Bridge Simulator to Vlaamse Dienst Voor Arbeidsbemiddeling… (kongsberg) [mappress] Source: kongsberg, April 27, 2011;
Petrobras’ domestic and foreign average oil and gas output in March reached 2,613,994 barrels of oil equivalent per day (boed), up 2.3% on the same period in 2010, and 0.4% higher than the total extracted in February this year. In Brazil, the Company’s average oil and gas output reached 2,376,186 bo
GE has completed the strategic acquisition of John Wood Group PLC’s Well Support Division, expanding GE Oil & Gas’ extensive drilling and surface manufacturing and services portfolio. The John Wood Group PLC Well Support division, which has over 3,800 employees globally and operates approximately 20
Statoil has received consent to conduct exploration drilling of well 16/7-10 in the central part of the North Sea using the mobile facility Ocean Vanguard. The well will be drilled in production licence 569, approx. 17 kilometres northeast of Sleipner. The well coordinates are N 58° 29′ 56.56″, E 02
CB&I reported net income of $50.5 million, or $0.50 per diluted share, for the first quarter of 2011, compared with $42.2 million, or $0.42 per diluted share, in the first quarter of 2010. Revenue for the quarter was $954.3 million compared with first quarter 2010 revenue of $869.3 million. New awar
