The UK offshore oil and gas industry could still generate more than £376bn in revenues, according to a report by a leading accountants firm. But PricewaterhouseCoopers (PwC) warned action was needed if Aberdeen was to continue as a world-class energy capital in years to come. The report argued indus
Arctech Helsinki Shipyard Inc. started the production of second icebreaking supply vessel for Russian shipping company Sovcomflot at the Helsinki Shipyard 2 November 2011. Both vessels will be delivered in April 2013. The main purpose for the vessels is to supply the Arkutun-Dagi oil and gas product
Serica Energy plc confirms the announcement made yesterday by the Namibian Ministry of Mines and Energy at the 18th Africa Upstream Conference being held in Cape Town that Serica has been awarded an 85% interest in a Petroleum Agreement covering four large blocks and part blocks in the prospective L
The start of natural gas deliveries from the Tamar offshore reservoir could be delayed by up to a year if the multibillion dollar gas delive… By Amiram Barkat (Globes) [mappress] Source: Globes, November 3, 2011;
Sarawak-based oil and gas services provider, Dayang Enterprise Holdings Bhd (DEHB), expects further growth after chalking up successful quar… By Caroline Jackson (Bernama) [mappress] Source:Bernama , November 3, 2011;
RWE Dea submits applications for exploration wells off the coast of Schleswig-Holstein and Lower Saxony RWE Dea assumes that additional deposits exist near Germany’s biggest oil field Mittelplate and along the coast of Lower Saxony, off Cuxhaven. RWE Dea, as operator or two consortia, plans to drill
Hallin Marine, a Superior Energy Services company, announces the commencement of a new inspection, repair and maintenance project offshore North West Java, Indonesia. “This is a contract from one of the region’s largest energy companies,” comments Rik Zwinkels, Managing Director of Hallin’s Singapor
After the end of the third quarter, contracts have been completed for all vessels in GC Rieber Shipping’s portfolio. Order backlog has been increased by half a billion, compared with the previous quarterly reporting. – This gives us an excellent starting point for the future in a turbulent period, s
Russian defense-oriented shipyard Sevmash will construct floating transit airfield in Arctic for oilers developing the Prirazlomnoye field on the shelf of Pechora Sea, reported the shipyard’s press service on Nov 1. According to Sevmash’s deputy director general Mikhail Budnichenko, the shipyard alo
Transocean Ltd , the largest offshore drilling contractor, reported on Wednesday an unexpected quarterly loss on a rise in shipyard costs, knocking another 7 percent off its battered shares. It has now failed to meet Wall Street’s expectations for the past six quarters, since the Gulf of Mexico well
The oil and gas group PA Resources has now completed its sidetrack of the Lille John well to a Chalk target but did not encounter effective reservoir. The sidetrack provided a second penetration of the Miocene sandstone level encountered in the original well, again oil-bearing and with improved rese
MEO Australia Limited announced that it’s wholly owned subsidiary Transworld Seruway Exploration Limited – “TSEL” has executed a contract with PT PGS Nusantara “PGS” for the acquisition of a 705 km 2 3D marine seismic survey in the Seruway PSC, offshore North Sumatra (TSEL participating interest 100
Ensco plc reported diluted earnings per share from continuing operations of $0.88 for third quarter 2011, compared to $0.92 per share in third quarter 2010. There were no discontinued operations in third quarter 2011. Losses from discontinued operations in third quarter 2010 were $0.01 per share rel
Ithaca Energy Inc. announces that it has signed an agreement with Ensco Offshore UK Limited to provide a jack up drilling unit for development drilling on the Stella and Harrier fields to commence in 2012. Further to the recently announced Development Concept selection for the Stella and Harrier Fie
