Vantage Drilling Company (“Vantage”) reports a net loss of $14.9 million or ($0.05) per share, excluding $25.2 million ($0.09 per share) of charges associated with refinancing of debt. Including the refinancing charges, the Company reported a net loss of $40.1 million or ($0.14) per diluted share fo
Salamander Energy announces the spud of the Cat Ba–1X (“101-CB-1X”) exploration well in Block 101-100/04, offshore northern Vietnam. The 101-CB-1X well will be drilled to a depth of approximately 1,900 metres. The primary objective is a Palaeozoic carbonate, (buried hill) structure with secondary ob
Grup Servicii Petroliere SA (“GSP”) today announces its entry into an agreement with AMEC, the international engineering and project management company. Under the terms of this agreement, GSP and AMEC will develop oil and gas exploration / production projects in the Black Sea area. “We are very prou
Siem Offshore Inc. has acquired the remaining 50% ownership interest in the shares of Overseas Drilling Ltd (“ODL”) from a subsidiary of Transocean Ltd. for USD 22.5 million. Siem Offshore Inc. control 100% of the shares in ODL after the acquisition and settlement closed by end of July 2011 . Siem O
Cairn Energy provided updates for its three wells and one prospect offshore Greenland. LF7-1 Well: Lady Franklin Block, South Ungavva Area The LF7-1 exploration well, located in 1,002 metres (m) of water approximately 300 kilometres (km) offshore Nuuk, has reached target depth (TD) in basement strat
Statoil has received consent to use new pipelines and a new well on the Åsgard field. Statoil is the operator of production licence 094 on Åsgard with an ownership interest of 34.57%. The other licensees are ENI AS (14.82%), Total (7.68%), Petoro (35.69%) and ExxonMobil (7.24%). In connection with t
Delmar Systems, Inc. was awarded a contract by Noble Energy EG, Ltd. to supply an eight-leg preset mooring system for use in Noble Energy’s “Aseng” Development off the coast of Equatorial Guinea, West Africa. Delmar provided Noble Energy a full compliment of mooring equipment including Delmar’s pate
Statoil has received consent to use the West Epsilon mobile facility on the Gudrun field for drilling and completion of production wells. Gudrun is located in the central part of the North Sea. The field is part of production licence 025 and the plan is to develop the field with a process facility w
Recently, Seismic vessel HYSY718 of COSL has fulfilled the 3D seismic acquisition operation in Chevron block 53/30 in the South China Sea. The contract for Chevron 53/30 seismic acquisition service is the largest-ever single-block deep sea 3D seismic acquisition project of COSL. Since the project wa
Mediterranean Oil and Gas provided an update on Italy, Guendalina Gas Field and Malta, Offshore Area. Italy – Concession AC 35 AG – Guendalina Gas Field (MOG interest 20%, ENI 80% and Operator) The field development program continues to progress on schedule. The latest information received from ENI,
Dragon Oil plc, an international oil and gas development and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/158 development well. The well was completed as a single producer by the NIS rig to a depth of 1,786 metres. The initial test result from the well w
Cal Dive International, Inc. reported a second quarter 2011 net loss of $5.0 million, or $.05 per diluted share compared to a net loss of $11.0 million, or $.12 per diluted share for the second quarter 2010. The net loss improved by $6.0 million due to increased profitability as a result of a constr
Broussard, Louisiana-based mooring contractor Delmar Systems, Inc. has completed preset mooring systems installation and facility connection operations of the Mississippi Canyon 547 “A” floating production facility as part of the WhoDat Field development for LLOG Deepwater Development Company, L.L.C
Marathon Oil Corporation today reported second quarter 2011 net income of $996 million, or $1.39 per diluted share. Net income in the second quarter of 2010 was $709 million, or $1.00 per diluted share. On June 30, 2011, Marathon Oil completed the spin-off of its Refining, Marketing and Transportati
