OMV New Zealand and Shell New Zealand announce major milestones for the Great South Basin joint venture, with the addition of Shell into the venture and confirmation that a comprehensive 3D seismic programme will begin later this year on Permits 50119 and 50120. Permit 50121 will be returned to the
Houston-based international offshore drilling contractor, announced that one of its subsidiaries has been awarded a six month contract by Chevron Australia Pty. Ltd. for the Atwood Eagle. With this contract, the firm contractual commitments for the Atwood Eagle are expected to extend through July 20
Woodside today reported a first-half profit after tax of US$828 million, underpinned by continued strong performance of the North West Shelf and higher revenues. The underlying net profit after tax of US$842 million was up 3.6%. Woodside Chief Executive Officer Peter Coleman said “Our focus on opera
Malaysia Marine and Heavy Engineering Bhd (MMHE) net profit for the three months ended June 30, 2011 fell 28.3% to RM79.02 million … Source: The Edge Malaysia [mappress] Source: theedgemalaysia, August 16, 2011;
Today, Halliburton broke ground at the construction site of its new Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil. The groundbreaking represents a milestone in the Cooperation Agreement signed in 2010 between H
ABB, the leading power and automation technology group, won several orders for a total of $200 million from Samsung Heavy Industries, Hyundai Heavy Industries, Keppel FELS and Jurong Shipyard Pte Ltd., to supply equipment 23 new Jack-Up and DP drilling vessels and one FPSO to be executed in South-Ko
Yesterday in Vyborg, a group of Gazprom experts visited the Vyborg Shipbuilding Plant. The group was headed by Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee. Alexander Ananenkov discussed current issues of cooperation with the Plant management. Above all, the meeting add
The partners in the Åsgard licences have today submitted a plan for development and operation (PDO) of subsea gas compression to maintain production from the Mikkel and Midgard reservoirs. Øystein Michelsen, Statoil’s executive vice president for Development and Production Norway (DPN), presented th
Polarcus Limited announced that the Company has received a contract award and a separate Letter of Intent from two undisclosed clients for 3D seismic acquisition projects in Australasia. The projects, to be acquired back-to-back by Polarcus Alima, will commence in Q4 2011 and are expected to run fro
On August 10, 2011, at 14:33 local time in Vietnam was delivered the vessel Skandi Saigon, built by by STX Vung Tau,whose owner is Aker Dof Deepwater AS, a company from DOF Group. The Skandi Saigon is a new generation high powered anchor handling vessel designed for field installation operations acr
So far this year, Det norske oljeselskap ASA has created material value through exploration. The exploration results form the basis for strong growth in the years ahead. In July, a plan for development and operation (PDO) was submitted for Atla, and Det norske plans to decide on a PDO for Jette in S
EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group), continues to boost its orderbook of marine and/or offshore construction contracts. The latest contract win was
Communication between the Aldous and Avaldsnes oil discoveries in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. If the upper part of the interval strikes pay dirt, th
Entek announced that the development of its GA A133 gas discovery, made in 2010, has been completed and gas is flowing at the planned 9.5 MMCFD on restriction. At current gas prices this should net Entek around US$250,000 per month. Entek has a 38% working interest in the block which is operated by
