ConocoPhillips Skandinavia AS has received consent to conduct exploration drilling of well 7/11-12 in the North Sea with the mobile facility Mærsk Gallant. The well will be drilled in production licence 301 CS, approx. 65 kilometres north-northwest of Ekofisk. The well has the coordinates N 57° 01’
Prosafe’s operating profit for the fourth quarter came to USD 18.4 million and net profit amounted to USD 30 million. Operating profit for the year 2010 was USD 221.1 million, and net profit for 2010 equalled USD 198.5 million. Financials (Figures in brackets refer to the corresponding period of 200
Apache Corporation today reported that production set a new annual record, averaging nearly 658,000 barrels of oil equivalent per day for the 12-month period ending Dec. 31, 2010, up 13 percent from the prior year. Liquids production increased 18 percent, and this, combined with higher oil prices, d
Grenland Group has entered contract with Statoil for delivery of Front End Engineering and Design (FEED) in connection with upgrade of drilling facilities on Gullfaks B (GFB DU FEED). The value of the contract is around NOK 25 million, and the work starting immediately, will be executed at the compa
Drilling of the well # 2522 from the platform # 2521 was started at Oil Rocks field. The project depth of the well drilled to Gala Suite by Oil Rocks Offshore Drilling Works Office of Complex Drilling Works Trust totals 1520 meters. According to geologists, the daily production of the well # 2522 wi
Annual net income increased from 2009 as a result of record segment operating income performances from Remotely Operated Vehicles (ROV), Subsea Products, and Advanced Technologies. Quarterly net income improved on the strength of higher Subsea Products operating income. T. Jay Collins, President and
Aminex PLC (‘Aminex’ or the ‘Company’) provides the following announcement regarding its reserves in the USA and volumetric calculations in connection with its ‘Nyuni’ project, offshore Tanzania. USA. Proved reserves (1P) of 2.5 million barrels oil equivalent net to Aminex, valued at $49 million. Ta
Farstad Shipping achieved an operating income of NOK 905.3 million for the 4th quarter. The operating profit (EBIT) was NOK 203.9 million. The profit after taxes was NOK 39.5 million. The operating income at 31.12.10 was NOK 3 358.2 million. The operating profit (EBIT) was NOK 899.3 million. The pro
The board of Oslo Børs has today imposed a fine on Sevan Marine ASA (the “Company”) in the amount of NOK 411.600- USD 71.664 (equal to two times the annual listing fee) as a sanction for breach of information obligation towards the market. The OSE board held that the equipment failure encountered on
Harbour porpoises are small toothed whales widespread in the cool, coastal waters of the Northern Hemisphere. They are identified as a protected species within the European Union. They echolocate by sending out “clicks” at a frequency of around 130 kHz. Eigil has spent 12 years of his porpoise life
Energean Oil & Gas announces the successful completion, testing and placement on production of the PA-35 infill well on Prinos Field. Reaching a total depth of 2,975 meters, ahead of budget in terms of both time and cost, the well is the first of a series of drilling activities and other interventio
Transocean Ltd. announced that one of its subsidiaries has been awarded five-year drilling contracts for two newbuild high-specification jackup rigs for operations in Thailand for a subsidiary of Chevron Corporation . The five-year drilling contracts are expected to commence during the first quarter
Idemitsu Oil & Gas Co., Ltd. , JX Nippon Oil & Gas Exploration Corporation and Teikoku Oil (Con Son) Co., Ltd. announce a discovery of oil and gas at an exploration well in the “Dai Nga” structure in the Blocks 05-1b & 05-1c southern offshore Vietnam. The Blocks 05-1b & 05-1c are located 300 [&helli
Seven Havila is owned by JV Havila Shipping and Subsea 7 and won the award in one of the most important offshore conferences in the world. The winner Seven Havila got most votes in a worldwide poll in competition with three other nominated offshore vessels. The vessel is a Havyard 858 DSV design, is
