Tap Oil Limited announced an underlying profit after tax (excluding nonrecurring items) of $2.9 million, up from a loss of $0.6 million in the previous year. Due to non-recurring items such as exploration impairments and write-downs , the company reported a loss after tax of $61.4 million, down from
Endeavour International Corporation announced the United Kingdom Department of Energy and Climate Change (DECC) has approved the Rochelle Field Development Plan (FDP) for Block 15/27 in the Central North Sea, now known as East Rochelle. This approval represents phase one of the development of the Gr
Spring Energy has agreed to acquire Marathon Petroleum Norge AS’ 17.5 % interest in production license 438, located in the Barents Sea. An exploration well targeting the Skalle prospect is scheduled to be drilled in the license this summer. Lundin is the Operator for PL438, while the other license p
The Marine Well Containment Company welcomed Interior Secretary Ken Salazar and Bureau of Ocean and Energy Management, Regulation and Enforcement (BOEMRE) Director Michael Bromwich to Houston today as part of ongoing discussions about the company’s interim well containment response system. The syste
Apache Corporation announced the appointments of Rod Eichler to president and chief operating officer, and Roger Plank to president and chief corporate officer. John Crum, who served as co-chief operating officer and president — North America , is leaving the company to become chief executive office
Lewek Champion will lay 70 km of pipes and install 11 wellhead platforms in the Gulf of Thailand. Contract for the heavy-lift accommodation pipelay vessel expected to contribute significantly to the Group’s FY11 performance. Will focus on keeping fleet well-deployed in view of expected pick-up in of
EOC Limited (EOC or the Group), a leading provider of offshore oil and gas (O&G) support services in Asia, has secured a sizeable pipelay and platform installation contract from new clients – Chevron Offshore (Thailand) Limited, Chevron Thailand Exploration and Production, Ltd and Chevron Pattani, L
Det norske oljeselskap ASA, operator of production licence 468, is in the process of completing the drilling of wildcat well 6305/9-2. The well was drilled about 30 km east of the Ormen Lange field in the Norwegian Sea. The primary exploration target for the well was to prove petroleum in the Middle
With their unique self-conditioning differential pressure (dP) cone design, McCrometer’s advanced V-Cone® Flow Meters provide engineers visiting OTC 2011 with the ideal fluid measurement solution in rugged offshore production applications from the bottom of the sea floor to platforms placed in the m
Ithaca Energy Inc. announces that it has successfully completed the drilling of a water injection well for the Athena field development. Well 14/18b-A1 (“the well”) intersected 325 feet (on a true vertical basis) of net reservoir, exceeding the net reservoir requirements for water injection to suppo
Fairstar Heavy Transport N.V. (FAIR) has published its audited financial statement for 2010, recording a net profit after tax of USD 228 thousand. The report also highlighted the company’s activities in the international capital markets, successfully raising almost USD 100 million that was invested
The Marine Well Containment Company welcomed Interior Secretary Ken Salazar and Bureau of Ocean and Energy Management, Regulation and Enforcement (BOEMRE) Director Michael Bromwich to Houston on Friday as part of ongoing discussions about the company’s interim well containment response system. The s
Moog Components Group, a division of Moog Inc., has announced the introduction of a new navigation and control system for underwater vehicles including Remotely Operated Vehicles (ROVs) and Autonomous Underwater Vehicles (AUVs). The MUSICIANS™ system provides an innovative and unmatched solution for
AGR Drilling Services has signed a NOK9.3m ($1.6 million) contract to supply its excavation technology and expertise – hot on the heels of a NOK84m deal for the company. The latest deal is with LOTOS Petrobaltic SA, the only Polish firm involved in oil exploration and extraction in the Baltic Sea. A
