The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS (Lundin) a drilling permit for well 16/7-9, cf. Section 8 of the Resource Management Regulations. Well 16/7-9 will be drilled from the Transocean Winner drilling facility at position 58° 15’ 17.47’’ north, 02° 17’ 24.95’’ east af
Vantage Drilling Company (“Vantage”) reports a net loss of $5.8 million or ($.02 per share), excluding $3.8 million ($.01 per share) of charges associated with the acquisition of the Platinum Explorer (photo) and $24.0 million ($.09 per share) of charges associated with refinancing of debt. Includin
VAALCO Energy, Inc. reported net income attributable to VAALCO of $12.5 million or $0.22 per diluted share for the third quarter of 2010 compared to net income attributable to VAALCO of $4.2 million or $0.07 per diluted share for the comparable period in 2009. Third quarter 2010 revenues were $32.6
Reference is made to the notice published by Polarcus Limited on 26 July 2010 regarding the receipt of a Letter of Intent from Gassnova SF for a second Carbon Capture and Storage (CCS) 3D comprising 323 square kilometers offshore Norway (the “Troll Kystnær 3D”), and the subsequent delay of this proj
The board of BP announced that it has appointed Brendan Nelson and Frank L. “Skip” Bowman as non-executive directors of BP p.l.c. with immediate effect. Mr Nelson will succeed Douglas Flint as Chairman of BP’s Audit Committee when Mr Flint retires from the Board at the conclusion of the 2011 BP Annu
Statoil and its partners on Åsgard have opted for subsea gas compression to help recover the big remaining reserves in this Norwegian Sea field. Similar projects elsewhere are in the pipeline. Many years of development work underpin this choice. Subsea gas compression has also been assessed on Gullf
“In a market environment that continues to be difficult, BOURBON can today report third-quarter 2010 revenue growth of 6.4%. This confirms the upturn in our Offshore activity, announced previously and already in evidence in the second quarter. It also confirms our strategic choices and reflects our
Mermaid Maritime Public Company Limited (“Mermaid”) refers to its previous announcement dated 27 July 2010 titled: “Mermaid’s Rig ‘MTR‐1’Awarded Accommodation Barge Contract in the Middle East” (“Contract”). Mermaid announced that it has received notice of cessation of the said Contract from its cha
Desire Petroleum plc the oil and gas company wholly focused on the North Falkland Basin, announces that both regulatory and partner approvals have been granted for Desire to drill the 14/15-2 Rachel North well. The 14/15-1 well has been plugged and abandoned and the rig is currently waiting on weath
CGGVeritas today its non-audited third quarter 2010 consolidated results. All 2009 results are reported before restructuring. * Group revenue was $656m, down 10% year-on-year and up 1% sequentially on recovering multi-client sales, including Gulf of Mexico, and continued robust Sercel activity * Gro
Kiewit-Aker Contractors, a 50/50 joint venture between Peter Kiewit Infrastructure and Aker Solutions, has been awarded a contract by ExxonMobil Canada Properties (EMCP) for the Hebron Project gravity based structure (GBS). The contract is for Front End Engineering and Design (FEED) and site prepara
Wärtsilä’s Sustainability Report has won first prize in the Corporate Responsibility Reporting 2010 competition in which corporations’ responsibility reporting in 2009 was assessed. The sustainability reporting competition is organised by the Confederation of Finnish Industries EK, Finnish Business
Wärtsilä’s Sustainability Report has won first prize in the Corporate Responsibility Reporting 2010 competition in which corporations’ responsibility reporting in 2009 was assessed. The sustainability reporting competition is organised by the Confederation of Finnish Industries EK, Finnish Business
Songa Venus achieved operating efficiency of 99% during the month, the rig completed its work and moved over to the third firm well for Shell Development (Australia). The rig is scheduled to start 1st Optional well for MEO Australia during mid November.. Songa Mercur (photo) achieved operating effic
