After a turbulent period the Noordhoek Group is in the concluding stage of a relaunch. By attracting external capital the company is to proceed to operate at the same location in Zierikzee, while the vast majority of the quality staff will be able to join the company. The investment company Value En
Ocean Rig has recently ordered two more drill ships for construction at the Samsung Heavy Industries shipyard in Korea. The drill ships are scheduled for delivery in July and October 2013. Ocean Rig’s drillships are based upon the Saipem 10K design. They are a successful and well proven design compl
(AP)– Pride International Inc. said Thursday that its profit tumbled 59 percent in the first quarter as operating costs increased ahead … Businessweek [mappress] Source:Businessweek , May 6, 2011;
Eni’s Board of Directors today appointed Paolo Scaroni as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to be dele
Total announces that its subsidiary, TEPA (Block 17/06) Limited, and Sociedade Nacional de Combustíveis de Angola (Sonangol E.P.), have discovered hydrocarbons in the north-eastern area of the deep offshore block 17/06. Drilled in a water depth of 445 meters, the Canna-1 well discovered hydrocarbons
Upstream oil and gas regulator BPMigas says it has received a letter from China-based CNOOC asking to withdraw from the West Madura … By Rangga D. Fadillah, (The Jakarta Post) [mappress] Source: The Jakarta Post, May 6, 2011;
COSCO (DALIAN) SHIPYARD CO LTD have awarded Inocean a contract for development and basic design of a new compact ultra deepwater drillship, INO-80, suitable for global operation. The design was introduced to the market for the first time on Tuesday (May 3) in Houston at OTC 2011 . “We are delighted
The Offshore Technology Conference 2011, the world’s main event dedicated to offshore oil & gas exploration and production, was wrapped-up Thursday, May 5th. Petrobras showcased, in presentations and at its stand installed at the exhibition fair, its extensive experience in deepwater operations, wit
SeaBird Exploration Limited provides an update regarding its business activities as set out below: Aquila Explorer has commenced a short 4D survey in Australia for an oil major and will then commence a multi client survey for one month until mid to end June. SeaBird has also received a Letter of Awa
On 6th May 2011, the Board of Directors of Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB”) has approved the consolidated results for the financial year ended 31st March 2011. MHB achieved a revenue of RM4,435.4 million (USD 1.47 Billion) and the Group’s profit before tax improved by 12
Today, the Norwegian government recommended the plans for development and operation (PDO) of the Ekofisk and Eldfisk fields. The project plans (Ekofisk South and Eldfisk II) submitted to the Storting (parliament) today entails investments of about NOK 65 billion. – Ekofisk is the oldest field comple
Lauritzen Offshore has fulfilled the first part of its strategy to become an important partner in the offshore services market with special focus on deep water employment offshore Brazil. Recently Lauritzen Offshore’s unique Accommodation and Support Vessel, Dan Swift, was contracted by Petrobras. P
Data Respons has entered into a 3 year framework agreement with a value of NOK 30 million. The contract covers delivery of embedded solutions for advanced equipment for the offshore market. The customer is a world leader in the design, manufacturing and sales of equipment used in the offshore/mariti
Hardy Oil and Gas plc , the oil and gas exploration and production company with assets in India, announces that it has elected not to exercise an option to increase its participating interest, by three per cent, in the D3 (KG-DWN-2003/1) exploration licence. Following BP’s announcement with respect
