An Aberdeen-based subsea firm has been awarded a £30,000 grant to develop a specialist underwater tool. Ecosse Subsea Systems was recently awarded the grant by Scottish Enterprise to assist in the research and development of SCAR, a specialist trenching plough designed to operate from vessels of opp
Melrose Resources plc , the oil and gas exploration, development and production company, announces first gas production from the Kavarna and Kaliakra gas fields offshore Bulgaria and to provide an update on its exploration operations in France, Egypt and Turkey. Field Developments Bulgaria The Kavar
DONG Energy will release its results for the first nine months of 2010 on 11 November, 2010. A conference call for investors and analysts will be held at 11:00 CET on the same day. The content of this announcement does not alter the previously announced expectations for DONG Energy’s financial res
DONG Energy will release its results for the first nine months of 2010 on 11 November, 2010. A conference call for investors and analysts will be held at 11:00 CET on the same day. Dial in numbers for the conference call: Denmark: +45 32 71 47 67 International: +44 207 509 5139 The conference call [
Apache Corporation today reported net income of $765 million , up 74 percent from $441 million in the prior-year period. Apache earned $2.12 per diluted common share in the third quarter compared with $1.30 per share in the year-earlier quarter. Worldwide production increased 10 percent from the yea
The Sevan Driller is currently off-hire due to problems with the blow-out preventer (‘BOP’) which started on November 2. During routine testing of the BOP, the locking system of one of the rams jammed in locked position. Sevan Marine is working together with Petrobras and the supplier, Cameron, to f
Operating profit amounted to USD 83 million, which is the best ever quarterly result, and net profit amounted to USD 72 million. Prosafe expects a good long-term demand for semi-submersible accommodation rigs, with stable activity in the North Sea and Mexico and growth in deepwater regions. Prosafe
When the application deadline for the 21st licensing round on the Norwegian shelf expired on 3 November, 37 companies had submitted applications. Director of Exploration Sissel Eriksen in the Norwegian Petroleum Directorate is very pleased that companies still consider the Norwegian Sea and the Bare
Hyperdynamics Corporation announces that it has entered into a $30 million definitive private placement agreement to sell 15 million common shares at a price of $2.00 per share to funds managed by affiliates of BlackRock, one of the world’s preeminent investment management firms. The closing of the
Sembcorp Marine achieved a 105% increase in net profit to $296 million from $145 million in 3Q 2009. Excluding the one-off write-back of $53 million in the consolidated income statement arising from the full and final amicable settlement with Societe Generale on the disputed foreign exchange transac
AMEC,the international engineering and project management company, has been appointed by Maersk FPSOs to carry out the front-end engineering design (FEED) for modifications to the Curlew floating production storage and offloading vessel (FPSO) in the central North Sea. The value of the contract has
Dril-Quip, Inc. today announced net income of $27.7 million, or $0.69 per diluted share for the three months ended September 30, 2010, versus net income of $25.1 million, or $0.63 per diluted share for the third quarter of 2009. Total revenues were $140.1 million during the quarter ended September 3
ADX Energy Ltd announces a significant increase in the resource potential at its Dougga Gas Condensate discovery offshore Tunisia, based on the results of ADX remapping using its leading edge dual sensor 3D seismic data acquired earlier in 2010. ADX holds a 60% interest and is operator of Dougga and
The China National Offshore Oil Corporation has failed in a joint bid with Ghana National Petroleum for Kosmos Energy’s Ghanaian assets … [mappress] Source: Istockanalyst, November 4, 2010;
