November 29, 2010 – DryShips Inc. (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its fully-owned subsidiary Ocean Rig UDW Inc has signed definitive documentation following the p
NOW THAT utility regulators have approved National Grid’s deal to buy half the electricity generated by the Cape Wind project, another major… (boston) [mappress] Source: boston, November 30, 2010;
Seadrill reports third quarter 2010 results: Highlights * Seadrill generates third quarter 2010 EBITDA of US$560 million * Seadrill reports third quarter 2010 net income of US$358 million and earnings per share of US$0.85 * Two ultra-deepwater and one jack-up newbuilds commence operations * Seadrill
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is announces that it has signed a rig contract securing the Maersk Guardian jack-up rig (photo) to drill the Clapton pros
A/S Norske Shell, operator of production licence 392, is in the process of completing the drilling of wildcat well 6603/5-1 S (Dalsnuten). The well has been drilled about 50 km northeast of the 6603/12-1 (Gro) gas discovery in the Norwegian Sea, and about 410 km west of Sandnessjøen. The objective o
Husky Energy Inc.announced today several cornerstone strategic initiatives intended to accelerate near-term production and reserve growth and to secure its medium and long-term growth opportunities. At the same time, the Company announced key elements of its financing plan, which is directed towards
Tap Oil Limited (“Tap”) is pleased to advise that the Operator of WA-290-P, Apache Northwest Pty Ltd (“Apache”) has advised that the Stena Clyde semi-submersible drilling rig is currently running anchors at the Zola-1 drilling location and the well is expected to spud in the next 24 hours. Once comm
The SURF (subsea umbilical riser and flowline) installation market is expanding and pushing into ever-deeper waters. At the same time IHC Engineering Business (IHC EB) has seen a dramatic expansion of its range of pipe and cable lay systems, with a number of large scale projects delivered, or ongoin
The SURF (subsea umbilical riser and flowline) installation market is expanding and pushing into ever-deeper waters. At the same time IHC Engineering Business (IHC EB) has seen a dramatic expansion of its range of pipe and cable lay systems, with a number of large scale projects delivered, or ongoin
Reference is made to earlier announced LOI for rebuilding of the seismic vessel “Geowave Master” with a total estimated value of NOK 160 – 170 million(Approximately USD $ 24 million). Bergen Group has, through its subsidiary Bergen Group Halsnøy AS, now signed a final contract for this rebuilding. T
TGS announces a second 2D seismic survey offshore Indonesia Southwest Sumatra (SMi10) in the forearc basin along the Sundaland Margin. The survey will add 2,700 km of new 2D data to infill the existing 6,900 km of multi-client data acquired in 2009. The previous seismic in the area has revealed a th
Hyperdynamics Corporation announced that it signed a contract with AGR Peak Well Management Limited, based in Aberdeen, Scotland, to manage its exploration drilling project offshore the Republic of Guinea. AGR will handle well construction project management services, including logistics, tendering
Det norske oljeselskap ASA has as operator in PL 341, found indications of gas in the Stirby Deep prospect in the Viking Graben in the North Sea, 75 km south of Sleipner. The well data indicates gas/gas condensate under high pressure in a 70 meters thick sandstone with low porosity at 4870 meters be
At a time when the economy has gone to “muck,” the Dredging industry is thriving, in large part due to a significant number of government contracts assigned to maintain the country’s waterways and lakes. And one local company is benefiting from the abundance of work: Cavache, a South Florida based d
