Orion Marine Group, Inc. announced it will release its financial results for the fourth quarter and full year 2010 on Thursday, March 3, 2011, at approximately 5:00 a.m. Eastern Time/4:00 a.m. Central Time. The Company will conduct a telephone briefing at 10:00 a.m. Eastern Time/9:00 a.m. Central Ti
Miclyn Express Offshore Limited’s (“MIO”) Australian Joint Venture, Samson Express Offshore (“Samson”), has secured a contract for three vessels with John Holland Pty Ltd in relation to port expansion at Cape Lambert in the Pilbara region of Western Australia. The contract will utilise one Tug, one
Statoil Petroleum AS, operator of production licence 488, has completed the drilling of wildcat well 7119/12-4. The well was drilled about 145 kilometres northwest of Hammerfest and about 40 kilometres south of the 7120/8-1 Askeladd gas deposit, which is part of the Snøhvit development. The objectiv
The Marine Well Containment Company today announced the completion and availability of an initial well containment response system that will provide rapid containment response capabilities in the event of a potential future underwater well control incident in the deepwater Gulf of Mexico. The initia
ConocoPhillips Skandinavia AS has received consent to conduct exploration drilling of well 7/11-12 in the North Sea with the mobile facility Mærsk Gallant. The well will be drilled in production licence 301 CS, approx. 65 kilometres north-northwest of Ekofisk. The well has the coordinates N 57° 01’
Prosafe’s operating profit for the fourth quarter came to USD 18.4 million and net profit amounted to USD 30 million. Operating profit for the year 2010 was USD 221.1 million, and net profit for 2010 equalled USD 198.5 million. Financials (Figures in brackets refer to the corresponding period of 200
Apache Corporation today reported that production set a new annual record, averaging nearly 658,000 barrels of oil equivalent per day for the 12-month period ending Dec. 31, 2010, up 13 percent from the prior year. Liquids production increased 18 percent, and this, combined with higher oil prices, d
Highlights 2010 *Delivered strong performance through the cycle with full year EBITDA of $463.3 million *Full year Marine contract EBIT margin of 17% with improving GeoStreamer® momentum *Strong MultiClient sales with improved sales to investment ratio *Improved Q4 2010 revenues, EBITDA and EBIT com
Grenland Group has entered contract with Statoil for delivery of Front End Engineering and Design (FEED) in connection with upgrade of drilling facilities on Gullfaks B (GFB DU FEED). The value of the contract is around NOK 25 million, and the work starting immediately, will be executed at the compa
Drilling of the well # 2522 from the platform # 2521 was started at Oil Rocks field. The project depth of the well drilled to Gala Suite by Oil Rocks Offshore Drilling Works Office of Complex Drilling Works Trust totals 1520 meters. According to geologists, the daily production of the well # 2522 wi
Annual net income increased from 2009 as a result of record segment operating income performances from Remotely Operated Vehicles (ROV), Subsea Products, and Advanced Technologies. Quarterly net income improved on the strength of higher Subsea Products operating income. T. Jay Collins, President and
Oceaneering International, Inc. reported fourth quarter and record annual earnings for the periods ended December 31, 2010. For the fourth quarter of 2010, on revenue of $501.3 million, Oceaneering generated net income of $47.8 million, or $0.88 per share. During the corresponding period in 2009, Oc
Aminex PLC (‘Aminex’ or the ‘Company’) provides the following announcement regarding its reserves in the USA and volumetric calculations in connection with its ‘Nyuni’ project, offshore Tanzania. USA. Proved reserves (1P) of 2.5 million barrels oil equivalent net to Aminex, valued at $49 million. Ta
Farstad Shipping achieved an operating income of NOK 905.3 million for the 4th quarter. The operating profit (EBIT) was NOK 203.9 million. The profit after taxes was NOK 39.5 million. The operating income at 31.12.10 was NOK 3 358.2 million. The operating profit (EBIT) was NOK 899.3 million. The pro
