Russian oil company, Lukoil, reported today that its net income was $9,012 million in the 9 months of 2011, which is 32.1% higher y-o-y, including $2,244 million in the third quarter. EBITDA in the 9 months of 2011 was $15,316 million, which is 27.8% higher y-o-y. Sales revenues were $99,101 million
Global provider of offshore cargo carrying units and associated services, Swire Oilfield Services, has started work on its £4million Aberdeen headquarters, which will create up to 50 new jobs on completion. The construction is part of a £50million investment for the company this year, supporting its
Offshore Survival and Health & Safety experts, Falck Nutec Limited, have appointed Michael Findlay, former owner of Technical Lifting Solutions (TLS) Training (Scotland), as a non-appointed Director of Lifting and Mechanical Maintenance. Managing Director for Falck Nutec UK, Graham Gall, said of the
Amarinth, a company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the industrial, chemical and petrochemical industries has delivered £750K of API 610 OH2 pumps to ZADCO , for an offshore pilot plant at Zirku Island, Abu Dhabi. The new pilot
On November 23, SOCAR President Mr. Rovnag Abdullayev met with a delegation led by Mr. Yoichi Kobayashi, Itochu Corporation’s vice president and co-chair of the Azerbaijan-Japan Intergovernmental Commission. Welcoming the guests, Mr. Abdullayev noted the development of bilateral relations between Az
ERHC Energy Inc.,a publicly traded U.S. company with oil and gas assets in Sub-Saharan Africa, recently began formal Production Sharing Contract (PSC) negotiations with the National Petroleum Agency of São Tomé and Príncipe (ANP-STP). The PSCs pertain to ERHC’s 100 percent working interest in Blocks
BP and its co-venturers in the Shah Deniz consortium announced their new programme to support Turkey’s Middle East Technical University (METU) in providing technical training and international certification to Turkish engineers. Under this programme, funding from the Shah Deniz consortium will enabl
Tangiers Petroleum Limited, exploration company with permits offshore Australia and Morocco, has received a Competent Persons Report (“CPR”) in respect of its WA-442-P and NT/P81 permit areas. The permits are situated within the shallow offshore Bonaparte Basin in Northern Australia The CPR includes
French based seismic specialist, CGGVeritas, announced that it has been ranked in the top 2 pct of the UK Government’s Carbon Reduction Committee (CRC) league table published in November 2011. The league table ranks organizations participating in the CRC on how well they manage their energy efficien
Mellitah Oil & Gas B. V. Libyan Branch announced the start up of production operations from the offshore Bouri Field on Tuesday, November 22, with 10.000 BBLS/ day from DP4 platform and will reach 25.000 BBLS/ day by the end of this month. Mellitah said on its website that a plan was put to start [&
Subsea 7 S.A. has been awarded a SURF contract worth $75 million from Total E&P Norge AS on the Atla (formerly David) Field, situated in the central part of the North Sea, 20km northeast of the Heimdal Field. The contract scope includes the management, engineering, procurement and installation of a
Technip was awarded an engineering services contract by Samsung Heavy Industries Co Ltd at Statoil’s Valemon gas and condensate field located in the Norwegian North Sea, about 160 kilometers west of Bergen. The contract covers detailed design, procurement engineering and follow-on engineering suppor
Reservoir Exploration Technology ASA (RXT), a marine geophysical company specialising in multi-component seafloor seismic acquisition has entered into a LOI with an international oil company regarding acquisition of 4D/4C seismic data in West Africa. The final contract is expected to be signed durin
Drydocks World delivered Self Elevating Platform, L210 to Curacao based Self Elevating Platforms N.V., a supplier of Self Elevating Platforms for both the energy markets including gas, oil, and windmills as well as the heavy civil construction market. The platform was built at the Drydocks World spe
