Sartor Offshore reports that Statoil has extended the contract of Ocean Troll until November 2012, with two yearly options. Ocean Troll is a multipurpose anchorhandling, tug, supply vessel. In addition to normal AHTS capabilities, the vessel is capable of providing contingency services such as; stan
On Friday 23rd July 2011, Dolphin Geophysical welcomed the State Minister of Senegal, Minister of International Cooperation, Air Transportation, Infrastructure and Energy, His Excellency Karim Wade on-board the Artemis Atlantic, along with 60 other journalists and society (Petrosen) members. The inv
BG Group announced that its revenue and other operating income in 2Q increased by 26% to $5 115 million, reflecting the benefit of higher commodity prices and a 3% increase in E&P production, with solid operational performance across the Group’s assets. As a result of the above and a lower explorati
Helix Energy Solutions Group, Inc. reported net income of $41.3 million, or $0.39 per diluted share, for the second quarter of 2011 compared with a net loss of $85.6 million, or $(0.82) per diluted share, for the same period in 2010, and net income of $25.9 million, or $0.24 per diluted share, in th
TGS has commenced the acquisition of an extension of its multi-client 3D seismic data in the Hoop Fault Complex area of the Barents Sea. This extension is to the west of the previously announced industry funded Hoop Fault Complex survey and will add 3,391 km2 to the existing data in the area. Upon c
BP yesterday announced that it has been awarded two deepwater exploration and production blocks by the Government of the Republic of Trinidad and Tobago. BP was awarded a 100 per cent interest in blocks 23(a) and TTDAA 14, both in deepwater frontier acreage offshore Trinidad’s east coast, under prod
Chevron Corporation and NASA’s Jet Propulsion Laboratory (JPL) announced today the formation of an alliance to develop a range of technologies to improve the production and recovery of oil and natural gas resources. The alliance’s initial focus is to develop a wide range of technologies—including po
Magellan Petroleum Corporation and Santos have now finalized discussions regarding an appropriate resolution of all remaining issues relating to the non-closure of the Evans Shoal transaction. The Company and Santos have agreed that $10 million of the sums deposited in connection with the Evans Shoa
Tap Oil Limited provides the following update on its Manora Oil Development in the Gulf of Thailand. Tap’s Managing Director/CEO Troy Hayden said: “The Manora development is a highly significant project for Tap. It is expected to more than triple our existing reserves toward the end of 2011 and deli
TDW Offshore Services L.L.C. (TDW), a leading supplier of pipeline services and equipment, announced that it successfully completed a pipeline pressure isolation operation in the Gulf of Mexico for a major operator. The operation made it possible for the operator to safely replace a faulty shut down
Polarcus Limited announces the release of its second quarter 2011 financial statements. In the second quarter 2011 Polarcus has focused on strengthening the Company’s operations, backlog and balance sheet. Revenues for the second quarter are significantly higher compared to the same quarter last yea
Further to the announcement made on 26 May 2011 in relation to the conditional acquisition of the Ghanaian interests of EO Group Limited for $305 million, Tullow Oil plc (Tullow) announces that all of the conditions to the acquisition were satisfied and the acquisition completed yesterday. This acqu
FMC Technologies, Inc. today reported second quarter 2011 revenue of $1.2 billion, up 21 percent from the prior-year quarter. Diluted earnings per share were $0.39, equal to the prior-year quarter. Total inbound orders of $1.5 billion were up 18 percent from the second quarter of 2010 and included $
In last few months Amarcon noticed an increasing interest from the German market for its decision support solutions system. A few days after the order from Harren & Partner, SAL Heavy lift signed an order for a tailor made Crane Motion Monitoring solution for her Multipurpose Heavy Lift vessel SAL T
