Statoil today presents its fourth quarter results and its Strategy Update. Statoil’s fourth quarter 2010 net operating income was NOK 42.8 billion, compared to NOK 33.5 billion in the fourth quarter of 2009. In 2010, net operating income was NOK 137.2 billion compared to NOK 121.6 billion in 2009. “
The Penspen Group today announced that Ernie Lamza, its current Director of Offshore, has been appointed as Managing Director of the Engineering and Project Management (E&PM) side of the business, a new role which has been created in response to the company’s 400% growth in the past five years. Erni
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia AS a drilling permit for well 7/11-12 S. Well 7/11-12 S will be drilled from the Mærsk Gallant drilling facility at position 57°0’54.51’’north and 2°36’13.54” east. The drilling program for well 7/11-12 S relates to the
PALFINGER Marine’s development department has made the leap into the champions’ league of offshore crane systems with the design of the first PALFINGER “Heavy Duty Foldable” Marine crane for one of the world’s state-of-the-art research ships. PALFINGER Marine- und Beteiligungs-GmbH (PMB) is tapping
Saratoga Resources, Inc. thanked to all those who participated in its successful Energy Executive Roundtable, held at the Windsor Court Hotel in New Orleans on February 2, 2011. The roundtable addressed energy policy initiatives to promote growth in South Louisiana, the Transition Zone, and the shal
Gulf Marine Services Saudi Arabia Ltd (GMSSA), a joint venture between Shoaibi GroupShoaibi Group and Gulf Marine Services has today … [mappress] Source:Zawya, February 8, 2011;
The State Oil Company of Azerbaijan has completed drilling new well No 57 on Guneshli offshore field. By Rufat Abbasov (News.az) [mappress] Source:News.az, February 8, 2011;
Offshore player Greatship India is betting big on the subsea support services to drive its next leg of growth. [mappress] Source:Profit, February 8, 2011;
The explosion on the Deepwater Horizon rig in the U.S. Gulf of Mexico in April 2010 led to the largest oil spill in U.S. history and threatened Gulf ecosystems, the local Gulf Coast economy and the future of U.S. offshore drilling. As more scientific and technical information becomes available about
Oil giant Chevron Corp. plans to build a 100,000 square foot warehouse in Gray, La., southwest of New Orleans, to handle logistics and … By Steven E.F. Brown (Bizjournals) [mappress] Source:Bizjournals, February 8, 2011;
Nexans, worldwide expert in the cable industry, has been awarded a contract by Subsea 7*, for the design, engineering and manufacture of a total length of 143km of static subsea electro-hydraulic control umbilicals for the Laggan-Tormore gas field development, 125km West of the Shetland Islands in t
Santos today announced that proved and probable (2P) hydrocarbon reserves increased to 1,445 million barrels of oil equivalent (mmboe) as at the end of 2010. This represents a 2P reserves replacement ratio of 110% and is the company’s seventh successive annual increase in its reserves. Successful ex
Octanex N.L. has been advised by Eni Australia Limited (“Eni”) that at 07:00 hours WST (Western Standard Time) on Tuesday, 8 February 2011, the Saipem 10000 drillship had reached the Gawain-1 well location but is preparing to move away due to a worsening weather forecast. A tropical low was forming
Today, the world’s biggest submarine pipeline plough, PL3, arrived in the Baltic Sea on the deck of mother ship Far Samson. The subsea plough will be used to entrench the Nord Stream Pipeline in Swedish and Danish waters. Lowering of the pipeline below seabed level using PL3 ensures that the pipelin
