Tap Oil Limited announced the acquisition of 75% of the issued capital of Northern Gulf Petroleum Pte Ltd (“Northern Gulf”) and a capital raising of up to approximately A$82 million. The proceeds of the raising are to facilitate the acquisition and exploration, appraisal and pre-FID engineering cost
Cove Energy plc the AIM quoted upstream oil and gas company focused on East Africa, announced that, following the receipt of the consent of the Government of Kenya, represented by the Minister of Energy, all necessary permissions and approvals have been granted for the acquisition by the Company of
CapRock Communications, a global provider of satellite communications to remote environments, today announced a multi-year contract extension to provide CapRock’s leading, always-on VSAT communications to Diamond Offshore’s fleet located in the Gulf of Mexico. As an industry leader with one of the l
Polarcus Limited announced that the Company has received a Letter of Intent for a 3D seismic acquisition project estimated at up to three months duration. The project, presently assigned to POLARCUS ASIMA, will commence upon completion of the vessel’s current operations in the Black Sea. As a result
On June 29 2010 it was announced that Siemens would become equity partner in offshore wind park installation specialist A2SEA A/S. The investment has now been approved by the German antitrust authority and is expected to be completed in the fourth quarter of 2010. The information provided in this an
Acergy S.A. , announced today results for the third quarter which ended on August 31, 2010. Highlights – Revenue from continuing operations was $495 million (Q3 2009: $558 million) – Adjusted EBITDA1 from continuing operations was $124 million (Q3 2009: $110 million) corresponding to an Adjusted EBI
Woodside will commence an internal and external search for the company’s next Chief Executive Officer after Don Voelte advised today that he intended to retire in 2011. Mr Voelte advised Chairman Michael Chaney of his intention to leave Woodside in the second half of 2011, by which time he will have
Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip (Europe) Limited, its wholly owned subsidiary located in Aberdeen, Scotland, has been awarded a contract valued at approximately $20 million by Technip UK Limited for the supply of equipment for the Islay Gas Field project in the United King
Rockhopper Exploration plc , the North Falkland Basin oil and gas exploration company is providing an update on a number of operational and strategic developments since its AGM on 30th September 2010. Exploration The recent successful flow test at Sea Lion has validated the potential for commercial
Baker Hughes announced today that BJ Services, a Baker Hughes company, was awarded a USD multimillion contract by Woodside to provide casing and tubing running services in Australia. Work associated with the three-year contract began in May 2010 on various wells in Woodside’s operations offshore nor
Chevron Corporation today reported in its interim update that earnings for the third quarter 2010 are expected to be lower than in the second quarter. Non-cash foreign currency effects due to the weakening of the U.S. dollar are expected to reduce earnings approximately $400 million for the full qua
Markey Machinery has completed the shipment of the first two WECDF-20, 93kW electric anchor/mooring winches for the Oceaneering International’ new 39.6-meter Diving Support Vessel. Each winch carries 1,828 meters of wire rope and is powered by an AC-variable frequency drive system outfitted with Mar
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced that the Fundamental Decision for the Amendment to the Hibernia Development Plan to allow the Hibernia Southern Extension Project to proceed has been approved. The decision enables Hibernia Management and Development C
CAMAC Energy Inc. , a US-based energy company engaged in the development and production of oil and gas in West Africa and China, announced today that it has entered into a binding Heads of Agreement with Allied Energy Resources Nigeria Limited and certain of its affiliates (“Allied”) to acquire all
