China’s biggest offshore oil producer, CNOOC Ltd on Tuesday said that it has not obtained the necessary regulatory approvals to complete… Source: Reuters [mappress] Source: Reuters, October 25, 2011
National Oilwell Varco, Inc. today reported that for the third quarter ended September 30, 2011 it earned net income of $532 million, or $1.25 per fully diluted share, compared to second quarter ended June 30, 2011 net income of $481 million, or $1.13 per fully diluted share. Earnings per share incr
On October 21, the U.S. Environmental Protection Agency issued an air pollution permit for the Kulluk drill ship that Shell Offshore Inc. plans to use in offshore oil drilling efforts that could begin as early as next summer. Yesterday, on behalf of the Native Village of Point Hope, Resisting Enviro
Cuba is blaming the 49-year-old U.S. economic embargo for delaying the start of oil exploration efforts in the Communist-ruled island’s terr… Source: Latin American Herald Tribune [mappress] Source:laht , October 25, 2011;
In September, Petrobras’ oil and natural gas output in Brazil and abroad was 2,591,624 barrels of oil equivalent per day (boed), up 2.43% year-on-year, and 1.41% higher than the August figure. Fields in Brazil alone achieved average oil and gas output of 2,353,057 boed, 3.1% up on September 2010 and
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports that its subsidiary company PGNiG Norway AS (“PGNiG Nor… Source: 4-traders [mappress] Source: 4-traders , October 25, 2011;
BG Group today announced revenue and other operating income increased by 21% to $5 397 million, reflecting the benefit of higher realised prices and a 1% increase in E&P production volumes. As a result of the above, total operating profit increased by 17% to $1 943 million. Cash generated by operati
The board of BP plc today announced that Brian Gilvary will join the board and become the company’s chief financial officer (CFO) with effect from 1 January 2012. Byron Grote, the current CFO, will take up a new role as executive vice president, corporate business activities, on the same date. Dr Gr
China National Offshore Oil Corp (CNOOC), the country’s largest offshore oil producer, said all oil spill sources had been sealed at a… Source: Reuters [mappress] Source:Reuters , October 25, 2011;
Unique System FZE, a Unique Maritime Group company, has recently been awarded a $5.2m contract to supply a 12 MAN ABS Classed saturation system and 3 air diving systems for the Leighton Offshore diving project, based in the Middle East. Unique Maritime Group will provide their 12 MAN ABS Classed sat
As BP announced its financial results for the third quarter of 2011 group chief executive Bob Dudley today set out more details on BP’s future direction and strategic priorities, saying the company had reached a clear turning point. Progress made through 2011 in reshaping and focussing the company i
Cameron has elected Rodolfo Landim to the Company’s Board of Directors, effective October 18, 2011. Landim, 54, is currently the chief executive officer of YXC Óleo e Gás and Controlling Partner and Managing Director of Mare Investimentos S.A. Prior to that, he was president and chief executive offi
Maersk Drilling has signed a contract with BP for the ultra deepwater semi-submersible MAERSK DISCOVERER for work initially offshore Egypt. The firm contract duration is four years and the contract also includes an option for one year. The contract is expected to commence in the second quarter of 20
Aibel is to upgrade Troll A significantly over the next three and a half years. The contract was signed at the Statoil office on Vækerø in Oslo on Thursday. “It was a very formal happening which was nice to take part in,” says Stig Jessen, who is in charge of Field development in Aibel. He […
