IHC Engineering Business (IHC EB), a part of IHC Merwede group, has successfully delivered its largest project to date, a 2,000 tonne capacity J-Lay tower for client Saipem. After intensive design, manufacture and installation, assisted by Saipem teams, the system is en route to West Africa. The rig
Apache Corporation reported production of 732,000 barrels of oil equivalent (boe) per day and earnings of $1.1 billion, or $2.86 per diluted share, for the three-month period ending March 31, 2011. These compare with production of 586,000 boe per day and net income of $705 million, or $2.08 per dilu
Noble Energy, Inc. reported today first quarter 2011 net income of $14 million, or $0.08 per share diluted, on revenues of $899 million. The Company’s first quarter 2010 net income was $237 million, or $1.34 per share diluted, on revenues of $733 million. First quarter 2011 net income includes items
Upstream oil and gas regulator BPMigas announced Thursday its official recommendation that the government appoint state oil and gas firm … Sourced from: TheJakartaPost [mappress] Source:The Jakarta Post, April 28, 2011;
BMT Scientific Marine Services has launched a fully-qualified ROV-Serviceable Subsea Strain Sensor Assembly (SSSA) for monitoring the structural integrity of subsea structures (tendons, production risers, steel catenary risers, platform legs and braces, etc).BMT SMS ROV SSSA Until now, sensors were
GL Noble Denton, the global independent technical advisor to the oil and gas industry, will standardize on Intergraph SmartMarine® Enterprise, including SmartMarine 3D, to replace its existing design solution for offshore and marine assets. This move will enable the company to increase the functiona
Sterling Resources Ltd. has declared Force Majeure on its Midia and Pelican Blocks in the Black Sea after the Company has been unable to undertake Petroleum operations for reasons outside of its control. In early 2011, after extensive and lengthy efforts, the Company finally obtained from the releva
Drydocks World will carry out refurbishment worth $3.3m onboard semi-submersible crane vessel Hermod belonging to Dutch company Heerema Marine Contractors, a service provider in the offshore oil and gas industry. The ship is 154 m long and 86 m wide and is one of the largest in operation. Its draft
Dolphin Geophysical announces the appointment of R. Gareth Williams, PhD, as Chief Geophysicist. Reporting to Tim Wells, Gareth will be responsible for ensuring that all geophysical aspects of the surveys are of the highest standard. Since joining the seismic industry in 1981, Gareth has global expe
Brazilian oil giant Petrobras has specified ultra strong, lightweight Dyneema® fibers for a complete set of mooring ropes for a semi-submersible mobile offshore drilling unit (MODU). Headquartered in Rio de Janeiro, Petrobras has substantial interests in deepwater exploration. Petrobras specifically
In accordance with announcement made on March 25, 2011, and in relation to the listing of Sevan Drilling ASA, Mr. Jan Erik Tveteraas will retire from the position as CEO of Sevan Marine ASA to take on the position as CEO of Sevan Drilling ASA. Mr. Tveteraas was a founding shareholder of Sevan Marine
KBR announced that first quarter 2011 net income attributable to KBR was $105 million, or $0.69 per diluted share, compared to net income attributable to KBR of $46 million, or $0.29 per diluted share, in the first quarter of 2010. Consolidated revenue in the first quarter was $2.3 billion compared
Hercules Offshore, Inc. and Seahawk Drilling, Inc. announced today the completion of the asset purchase and sale previously disclosed on February 11, 2011. In accordance with the terms of the Asset Purchase Agreement, Hercules Offshore will acquire 20 jackup rigs located in the U.S. Gulf of Mexico a
Royal Dutch Shell’s first quarter 2011 earnings, on a current cost of supplies (CCS) basis , were $6.9 billion compared with $4.9 billion a year ago. Basic CCS earnings per share increased by 40% versus the same quarter a year ago. Cash flow from operating activities for the first quarter 2011 was $
