Today, Maersk Oil announced that it has established a long term collaboration agreement with TNO to jointly develop new technologies for increased oil recovery (IOR). Focus will be on long horizontal wells and increasing oil recovery through integrated operations and production optimisation. The joi
The Penspen Group has been commissioned by Qatargas, a pioneering liquefied natural gas (LNG) producer, to develop the Detailed Design for a new Flexible Grouted Clamp and to produce a set of Flexible Grouted Clamps to enable the quick and effective repair of their large diameter subsea pipelines in
For the twelve month period ended December 31, 2010, the Company reported a loss from continuing operations of $134.6 million, or $1.17 per diluted share, on revenue of $657.5 million, versus a loss from continuing operations of $90.1 million or $0.93 per share on revenue of $742.9 million for the t
Hyperdynamics Corporation announced today that Curtis Jackson has joined the Company as Vice President-Drilling and Technology, based in Houston. In this role, Jackson will be responsible for implementing the 2011-12 drilling program, introduction of engineering technology to the Company’s explorati
On the morning of January 20, the hoisting operation for the 9 top-side modules of the main hull of SEVAN BRASIL, the second deepwater semi submersible drilling rig, was smoothly accomplished. Thus the main hull of this unit has now essentially been built up into a single unit. The hoisting operatio
TGS will host its 2011 Capital Markets Day (CMD) on 8 June at Oslo Konserthus/Oslo Concert Hall (Lille Sal) in Oslo, Norway. The CMD will be arranged in cooperation with The Norwegian Society of Financial Analysts (NFF). The prepared program will begin at 08:30 on 8 June and one-on-one meetings will
Lundin Petroleum AB (Lundin Petroleum) announced that its shares have been conditionally approved for listing on the Toronto Stock Exchange (“TSX”). Lundin Petroleum’s shares will trade on the TSX under the symbol “LUP”. The Company’s shares will also continue to trade on the NASDAQ OMX, Stockholm u
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
Bergen Group Dreggen AS, a subsidiary of Bergen Group ASA, has been awarded a new contract for the delivery of four EOT (Electrical Overhead Travelling) cranes to the Gudrun platform deck project. Total order value is NOK 10-15 million, and the delivery is expected to be completed within end of Q1 2
Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for February 2011. Songa Venus achieved operating efficiency of 97% during the month. The rig continues to operate for Total E&P in Australia. Songa Mercur(photo) is currently in transit to Singapore after obtaining Chines
Apache Corporation reported that interim repair work on the Forties Bravo to Charlie pipeline was completed on March 6, 2011, and production from Forties Bravo is ramping up to approximately 50 percent of the pre-outage rate of 11,600 barrels of oil per day. The replacement pipeline is scheduled for
Ensco plc announced today that it has priced an underwritten offering of $1 billion principal amount of 3.25% senior unsecured notes due 2016 and $1.5 billion principal amount of 4.70% senior unsecured notes due 2021. The offering of notes was made pursuant to an effective shelf registration stateme
Husky Energy has been named one of the World’s Most Admired Companies in the mining and crude oil production industry segment in an annual ranking published by Fortune Magazine. Husky was ranked No. 8 overall in its industry, receiving high marks in such categories as Social Responsibility, Quality
Results from two wells drilled by Statoil in association with the Dagny and Ermintrude discoveries in the North Sea will be important in choosing a development concept and further planning. An exploration well on the Dougal prospect found only traces of hydrocarbons in the Hugin formation, and has b
