Statoil’s first quarter 2011 net operating income was NOK 50.7 billion (USD 9.61 billion), a 28% increase compared to NOK 39.6 billion ( USD 7.5 billion) in the first quarter of 2010. The quarterly result was mainly affected by a 33% increase in the average prices for liquids measured in NOK, a 20%
Petrobras announces that it presented the annual review of the Integrated Development Master Plan for the Santos Basin Pre-Salt Area (Plansal) to the Board of Directors. The Master Plan is reviewed annually, incorporating information from newly drilled wells and from the implementation of different
Subsea 7 S.A. announces the award of the ’Installation and Commissioning of G1 Field Subsea Production Facilities, Under G-1 & GS-15 Fields Development Project’ from Oil and Natural Gas Corporation Ltd (ONGC). The project involves the transportation and installation of flexible flowlines and umbilic
At the OTC in Houston Ulstein Sea of Solutions and NLI introduced a new, integrated derrick solution based on existing drilling equipment, readily available in the market. With the development of the ‘Northern Light’ drilling derrick an alternative solution is provided based on proven and well known
The Helix Well Containment Group (HWCG) has announced a significant enhancement to its subsea system capabilities, with the addition of a 15,000 pounds per square inch-gauge (psig) intervention capping stack designed to handle extremely high pressure, deeper wells in the deepwaters of the Gulf of Me
IHC Merwede has announced that is has acquired Hytech on 3 May 2011. This acquisition enables IHC Merwede to further secure its position in the offshore market. IHC Merwede designs and constructs dive support vessels suitable for activities to a depth of 300 metres. Hytech designs the on-board equip
Halliburton’s CleanWave™ water treatment technology was recognized at the 2011 Offshore Technology Conference (OTC) today as an innovative solution leading the industry into the future. Each year, the OTC recognizes innovative technologies with the Spotlight on New Technology Award. The awards progr
During the period 17–18 March 2011, the Petroleum Safety Authority Norway (PSA) conducted an audit of the COSLPioneer facility targeting the marine technology area. The audit was carried out with assistance from the Norwegian Maritime Directorate (Sdir) and is part of the PSA’s processing of COSL Dr
Lamprell , a leading provider of specialist engineering services to the international oil & gas and renewables industry, announces that during the first four months of 2011 orders have been secured from multiple clients to undertake a number of jackup rig upgrade and refurbishment projects, with a c
Wärtsilä, the marine industry’s leading solutions provider, has been contracted to supply the vessel design and complete diesel electric drive installation for a new field support vessel. The ship is to be owned and operated by Sartor Shipping of Norway, and will serve the North Sea oilfields on beh
GE Oil & Gas has expanded its suite of blowout preventer (BOP) and remote monitoring and diagnostic (RM&D) technologies for the offshore drilling industry. The newly launched, technology-intensive products will help offshore drillers increase equipment performance, safety and reliability and optimiz
Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil. The offshore activities for both the contracts will be performed mainly by the newly-built and highly-specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013. In China, Husky Oil
Havyard Global Solutions AS has signed a contract with a foreign owner for the delivery of design and production drawings for the construction of a Havyard 832 CD Platform Supply Vessels (PSV). The hull of the ship is to be built at JSC Shipyard Zaliv, Ukraine and complete outfitting of the ship wil
Nido Petroleum Philippines Pty Ltd (wholly owned subsidiary of Nido Petroleum Limited; , on behalf of the SC 54B Joint Venture, provides the following update on SC 54B. Mobilisation activities related to the drilling of the Gindara‐1 well have commenced. Load‐out of the drilling materials is underwa
