Otto Energy Ltd is announces that it has entered into an agreement with joint venture partner Trans‐Asia Oil and Energy Development Corporation to increase its equity in two core exploration permits in the Philippines. Otto will increase equity in Service Contract 55, Offshore Palawan by 8.18% to 93
SBM Offshore confirms two appointments to the Board of Management: – Mr. Bruno Chabas will be appointed as Chief Operating Officer and a Director in the Board of Management of SBM Offshore N.V. with effect from 1 May 2011, succeeding Francis Blanchelande who is due to retire this year. Bruno Chabas
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
Diamond Offshore Drilling, Inc. announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a second ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the fourth quarter of 2013. Total cost, including commissioning, sp
Norwegian Energy Company ASA (Noreco), operator of production licence 545, is in the process of completing the drilling of wildcat well 17/6-1. The well was drilled approximately 100 kilometres southeast of the Grane field in the central part of the North Sea. The objective of the well was to prove
GE Oil & Gas announces it has been issued orders to supply seven (7) subsea tree and wellhead systems, utilizing the VetcoGray MHXT(photo) tree and VetcoGray SG-5 wellhead system, by Maersk Oil North Sea UK Limited (Maersk Oil) for deployment in the UK North Sea. The total value of the awards is exp
Ensco plc announced that a subsidiary of the Company has entered into a 950-day drilling contract with Petroleo Brasileiro S.A. – Petrobras for ENSCO 7500, a 5th generation ultra-deepwater semisubmersible drilling rig that has operated for more than 10 years in the major offshore markets of Australi
Suncor Energy Inc. today reported fourth quarter 2010 net earnings of $1.353 billion ($0.87 per common share), compared to net earnings of $457 million ($0.29 per common share) for the fourth quarter of 2009. Operating earnings in the fourth quarter of 2010 were $946 million ($0.60 per common share)
Strategic Marine continues to enhance its profile within the offshore support services industry, winning the contract to build four new … [mappress] Source: Newsmaker, February 2, 2011;
The Spanish-based subsea services company ACSM, has boosted the top end of its ROV fleet with a Saab Seaeye Cougar. This comes as ACSM builds an ROV fleet that can offer a full range of ROV services to the subsea market, alongside their core business of providing ROV personnel and services to custom
“Having completed a number of major investment projects over the last few years, Marathon’s 2011 budget has shifted toward an emphasis on more scalable and lower-risk activities, largely aimed at liquids rich opportunities such as the Bakken, Anadarko Woodford, Eagle Ford and Niobrara resource plays
Eurocopter officially inaugurated its new North Sea Service Centre in Aberdeen, Scotland today, providing a highly capable training, technical support and logistics facility in close proximity to helicopter operators who support the region’s vital oil and gas industry – as well as the emerging wind
BP Norge AS (BP) has been granted consent to use Valhall PH as a living quarters facility. Valhall PH is an integrated process and living quarters facility which will replace the living quarters facility QP and the production and compression facility PCP. The consent regards use of Valhall PH as a l
In accounts for the 4th quarter 2010 Farstad Shipping will be booking a loss on accounts receivable of approx NOK 46 million related to freight income earned by one of its’ vessels which this autumn was contracted by the UK company Subocean Group. Subocean Group went into administration last week Fr
