BOURBON confirms that the 3 BOURBON employees abducted in Nigeria on board Bourbon Alexandre(photo) during the night of 21 to 22 September 2010 were released today. Despite difficult conditions while in captivity, they all appear to be in good health. They are currently being looked after by the mem
Hyperdynamics Corporation announced today the appointment of William O. “Bill” Strange to the Company’s Board of Directors. Bill Strange is a retired audit partner with Deloitte & Touche LLP. He joined the international accounting firm in 1964 and became a partner in 1976, specializing in audits of
* Market development holds back new business * Revenue target for 2010 reduced to around one billion Euros * EBIT margin target of 4% for the full year confirmed * Gross margin increased to 26,7 (22,3) percent * Order book increased to EUR 2.4 billion Hamburg, November 11, 2010. In the third quarter
Subsea 7 Inc. , through its i-Tech division, today announced an award by Petrobras International for the provision of remotely operated vehicle (ROV) services onboard a new build ultra-deepwater drillship. The contract is valued at US $18m. The initial contract term is five years, which can be exten
The Board of Directors of DONG Energy A/S has today approved the interim financial report for the first nine months of 2010, which developed as follows compared with the results for the first nine months of 2009: Revenue was up DKK 2,699 million at DKK 38,490 million. EBITDA was up DKK 3,202 million
The Board of Directors of DONG Energy A/S has today approved the interim financial report for the first nine months of 2010, which developed as follows compared with the results for the first nine months of 2009: Revenue was up DKK 2,699 million at DKK 38,490 million. EBITDA was up DKK 3,202 million
Operating income for the quarter amounted to USD 73.4 million (USD 58.2 million). EBITDAFX was USD 18.5 million (USD 17.1 million). Operating loss was USD 19.5 million (loss of USD 0.2 million), and net loss was USD 66.4 million (net profit of USD 0.5 million). Operating income was USD 15.2 million
Darkness, extreme weather and shifting sea ice could delay efforts to stop an oil well blowout in the U.S. Arctic Ocean for six months or more, trapping spewed oil in ice for up to a decade according to a report released today by the Pew Environment Group. The study, “Oil Spill Prevention and Respon
Aker Solutions advanced H6 drilling rigs use integrated Milestone video surveillance for state-of-the-art operational control in harsh environments. Aker Solutions is building model H-6e drilling rigs, the latest-generation of semisubmersible platforms specially designed to conquer the challenges of
Apache Corporation announced that it has completed its merger with Mariner Energy . The merger closed following its approval by Mariner’s stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million i
Imtech Marine is present at the oil & gas industry exhibition OSEA (30 Nov-3 Dec.) in Singapore, at stand no. 4F2-01. The Imtech Marine presentation joins three Imtech Marine companies: Radio Holland Singapore, Imtech Marine & Offshore and Imtech Marine Germany together in one stand at a new, promin
Revenue for the period increased by 17% to USD 41.4 billion, primarily as a result of higher freight rates for the Group’s container shipping activities and higher oil prices. The net result for the period was a profit of USD 4.2 billion (a loss of USD 0.7 billion). “The result is exceptional, and w
Seadrill has entered into a turnkey contract to build up to four new ultra-deepwater drillships at the Samsung yard in South Korea. The first two drillships are firmly ordered with delivery in the first and second quarter 2013, respectively. Total project price per rig is estimated to be less than U
On Wednesday November 10, Statoil decided to halt the drilling operations that were underway at the Gullfaks field in the North Sea. The drilling and well operations were stopped at Gullfaks for an additional review of Statoil’s routines for planning and conducting drilling operations. On Friday Oct
