FMC Technologies, Inc. reported first quarter 2011 revenue of $1.1 billion and diluted earnings per share from continuing operations of $0.35. The diluted earnings per share included a tax benefit of $0.03 per diluted share. Total inbound orders of $1.4 billion were up 11 percent from the first quar
Octanex N.L. has been advised by Eni Australia Limited, the Operator of the Galahad-1 well located in the outer Exmouth Plateau permit, WA-363-P, that Galahad-1 spudded at 06:30 hours WST (Western Standard Time) on Sunday, 24 April 2011. The Galahad-1 well is being drilled by the Saipem 10000 drills
Premier Oil has successfully completed operations on the appraisal sidetrack CRD-2X-ST on block 07/03, offshore Vietnam. This sidetrack reached its planned total depth of 3,340 metres (m) in the Miocene section and intersected 18.3m of net oil pay. This compares with 34.4m of net oil pay intersected
Ensco plc and Pride International, Inc. jointly announced today that they each will hold special shareholder meetings on 31 May 2011 to vote on the merger of their companies, creating the world’s second largest mobile offshore drilling fleet. The Ensco and Pride joint proxy statement/prospectus has
ATWOOD OCEANICS, INC., a Houston-based international offshore drilling contractor , announced today that one of its subsidiaries has been awarded a six-month contract extension with a six-month option, both priced at the current dayrate of $90,000, with an affiliate of Nucoastal (Thailand) Limited f
Statoil has awarded Island Offshore a framework agreement for light well intervention (LWI) services from their vessel Island Constructor. The duration of the framework agreement is three years, with an option to extend for another year. The third of its type in Statoil’s portfolio the vessel will h
Petrobras’ domestic and foreign average oil and gas output in March reached 2,613,994 barrels of oil equivalent per day (boed), up 2.3% on the same period in 2010, and 0.4% higher than the total extracted in February this year. In Brazil, the Company’s average oil and gas output reached 2,376,186 bo
GE has completed the strategic acquisition of John Wood Group PLC’s Well Support Division, expanding GE Oil & Gas’ extensive drilling and surface manufacturing and services portfolio. The John Wood Group PLC Well Support division, which has over 3,800 employees globally and operates approximately 20
KBR today announced that it has been awarded a contract by Chevron U.S.A. Inc. to execute detailed design engineering for the Jack & St. Malo floating production unit (FPU) located in the Lower Tertiary trend in the deepwater Gulf of Mexico. The Jack and St. Malo fields are located within 25 miles (
L&N (Scotland) has been awarded two contracts worth in excess of £1.2 million by GE VetcoGray. The Aberdeen-based engineering and fabrication company will manufacture and supply 110 subsea control products to be deployed on various North Sea subsea projects. The award reinforces L&N’s decision to fo
In early 2011, the BGP Challenger successfully performed a 2D seismic survey in eastern offshore of Oman for Circle Oil. The work area is located in Block 52, and close to the water areas of Somalia and Yemen, the piracy-prone areas. To make sure the project to be operated smoothly, BGP made rigorou
Odfjell Drilling has on behalf of Deep Sea Metro Ltd. secured a contract with the BG Group for its first drillship; the Deepsea Metro I. The contract with BG Group has a firm duration of 365 days with 3×6 months options and a contract value of approximately 175 million USD including mobilization and
Sagres Energy Inc., an international oil and gas exploration company with an exploration portfolio in Guyana, Colombia and Jamaica, announced today that the Petroleum Corporation of Jamaica (PCJ) has approved a 9 month extension of the Initial Exploration Period on Sagres’ offshore blocks 9, 13, and
As a result of the 2010 shallow water bid round in Trinidad and Tobago, RWE Dea has been awarded one of the country’s offshore blocks. The respective Production Sharing Contract has now been signed with the Government of Trinidad and Tobago in Port of Spain. For RWE Dea, this marks the entry into th
