Encana Corporation delivered strong financial and operating results in the third quarter of 2010, despite continued downward pressure on natural gas prices. Encana generated third quarter cash flow of US$1.1 billion, or $1.54 per share, and operating earnings were $98 million, or 13 cents per share.
Nexans, the worldwide leader in the cable industry, has been awarded a contract worth in excess of 14 million euros by BP Exploration Operating Company Ltd of Aberdeen to deliver a subsea umbilical system for the Devenick gas field in the North Sea. Nexans wins major subsea umbilicals contract from
Baker Hughes announced today it has been awarded a multimillion dollar integrated project for the Borgland Dolphin Consortium (BDC) in Norway. The contract covers an initial three-year period for a full exploration program on the Norwegian continental shelf encompassing 15 wells. Under the terms of
CNOOC Limited announced today that its two new oil fields, BoZhong (“BZ“) 26-3 and LuDa (“LD”) 32-2 in the Bohai Bay have successfully commenced production recently. BZ 26-3 is located in the central part of Bohai Bay, neighboring producing field BZ 25-1S. The field has an average water depth of abo
EnerMech has been awarded a contract to provide offshore crane maintenance services for Esso Australia. The five year multi-million dollar contract, with options, covers Esso assets in Bass Strait, Australia, and includes the provision of offshore crane maintenance personnel for the ExxonMobil subsi
Maersk Oil has restarted gas production and export from Tyra East over the weekend after a temporary shutdown. Tyra East was shut down on Friday as a precautionary measure after it was discovered that clamps holding a boat fender to the platform jacket had developed cracks. The concern was the chanc
AWE Limited reports that the recommencement of production from the Pateke-3H well has been delayed due to further technical issues. A clean up flow of the well was undertaken prior to the Kan Tan IV rig being released from site on October 15, 2010, with the well repair activities having been success
Prosafe has been awarded a Letter of Intent (LoI) by Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Concordia semi-submersible rig for safety and maintenance support offshore Brazil. The firm period of the contract linked to the LoI is three years and the total contract value is
Total announces that its subsidiary, TEPA (Block 15/06) Limited, and its partners have made a new oil discovery with the Mpungi-1 well, in the Angolan deep-offshore. The well, located on Block 15/06 some 120 kilometres from the Angolan shore line and at a water depth of 1,050 metres, reached a total
The global ocean energy sector is at a turning point, with over 45 wave and tidal prototypes expected to be ocean tested in 2010 and 2011, after only a dozen were installed in 2009, according to a new IHS Emerging Energy Research market study. If these initial projects are successful, the global oce
Drydocks World announced today that it has won a US$ 100.4 million contract to build four Platform Supply Vessels (PSV), with option for four more units, for Tidewater Marine LLC, a wholly-owned subsidiary of Tidewater Inc., the world’s largest and most experienced provider of global marine support
Eni and Sonangol announce another important oil discovery at the Mpungi-1 well, offshore Angola. The well, located in Block 15/06, 120 km from the Angolan shoreline in 1,050 metres of water, was drilled to a total depth of 2,300 metres and encountered oil pay in both the Upper and the Middle Miocene
Tap Oil Limited (ASX: TAP) announces that it has agreed to sell its 75% interest in the R3 Retention Lease in the offshore Carnarvon Basin, Western Australia to Oil Basins Limited (OBL). The terms of the transaction are set out in the Oil Basins Limited ASX Release attached. Tap’s Managing Director
Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a contract valued at approximately $28 million for the supply of subsea wellhead systems to Petrobras for the Papa Terra field located in the Campos Basin offshore Brazil. Equipme
