Vessel utilization is defined as the percentage of the full quarter where the vessel is in paid work either in the form of acquisition, mobilization, demobilization, steaming, standby or other. The vessel utilization for the 9 seismic vessels operated by SeaBird for Q4 2010 was 51%, down from 76% in
Aberdeen-based specialist subsea service company DOF Subsea UK has secured a contract with Technip. The award is for the provision of a Light Construction Vessel in the North Sea and is worth approximately £8 million. The work is scheduled to start in Q2 2011, and to take place in 2011 and 2012 usin
CGGVeritas and BG Group have signed a Technology Cooperation Agreement (TCA) that focuses on the development and deployment of advanced seismic solutions across the E&P workflow. Under the terms of the Agreement, the partners will collaborate on a number of high-end technology projects within BG Gro
Pride International, Inc. today announced that its report of drilling rig status and contract information covering the company’s fleet of offshore drilling rigs and its two drilling management projects has been updated through today’s date. The updated report, titled “Monthly Fleet Update,” can be f
Hyundai Heavy Industries, the world’s No.1 shipbuilder, received a letter of award (LOA) on January 11 for a $900 million deal to execute the offshore part of Barzan Gas Project in Qatar. Following the LOA, the official contract will be signed later in January. The project will be located 80 km nort
Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that the Maersk Deliverer rig started drilling the Gharabi-1 exploration well at 19:10 hours (Mauritania time) on 7 January 2011. At 06:00 hours on 9 January (Mauritania time) the well was drilling ahead at a measured depth of 2
Hamworthy , a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced that it has been awarded a contract from Brazilian shipyard Engevix Construcões Oceânicas S.A. for the supply of cargo pumping systems for eight Floating Production Storage an
* Acquires FUNA International, GmbH, Expanding Marine and Alternative Energy Capabilities * Divests InfraredVision Technology Corporation L-3 Communications (NYSE: LLL) announced today that it acquired FUNA International, GmbH (FUNA) on December 22, 2010. The terms of the transaction were not disclo
MEO Australia Limited provides the following summary in relation to its activities for the quarter ended 31st December 2010. WA-360-P (MEO 25% & Operator, Petrobras 50%, Cue Energy 15%, Moby Oil & Gas 10%) MEO received approximately US$39 million cash consideration comprising US$31.5 million cash bo
Offshore Solutions B.V. (OSBV), the joint venture between AMEC and Cofely Nederland N.V., has commenced operations of its Offshore Access System (OAS) to support personnel transfer to and from the offshore component of the Pearl Gas to Liquids (GTL) project in Qatar. Pearl GTL, the world’s largest G
Tap Oil Limited (“Tap”) commenced acquisition of a large 3D seismic survey in the Offshore Accra Contract Area, Ghana, on 9 January 2011. The survey has been brought forward in the exploration program because recent studies have highlighted additional potential in the deep water portion of the block
In its Interim Management Statement on 18 November 2010, SOCO stated that it was applying for an extension to the Te Giac Den Appraisal Area licence. The Company has been informed by the Hoang Long Joint Operating Company (JOC), the Operator of Block 16-1 in the Cuu Long Basin offshore Vietnam, that
Management and major accident risk, groups exposed to risk, barriers and the natural environment are the main priorities for the Petroleum Safety Authority Norway (PSA) in 2011. Certain ultra-important areas identified by the PSA on the basis of its knowledge of and experience with the Norwegian oil
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that combined production in the fourth quarter averaged 8,754 barrels of oil equivalent pe
