National Oilwell Varco, Inc. today reported that for the fourth quarter ended December 31, 2010 it earned net income of $440 million, or $1.05 per fully diluted share. Sequentially, earnings improved nine percent compared to third quarter ended September 30, 2010 net income of $404 million, or $0.96
Cameron reported net income of $164.6 million, or $0.66 per diluted share, for the quarter ended December 31, 2010, compared with net income in the prior year’s fourth quarter of $97.3 million, or $0.41 per diluted share. The fourth quarter 2010 results include after-tax charges of $6.2 million, or
Engineering and construction company Clough Limited confirms details of an offshore contract, awarded in December and referred to via an announcement made by the Company on 20 December 2010. Clough and partner PT Advanced Offshore Services have been awarded a contract by ConocoPhillips for remedial
Anadarko Petroleum Corporation today announced that Bob Daniels, Sr. Vice President, Worldwide Exploration, will present at the Credit Suisse Energy Summit in Vail, Colorado, on Feb. 8, 2011 at 8:45 a.m. Mountain (MST). A link to the webcast presentation will be available at www.anadarko.com. The re
Otto Energy Ltd is announces that it has entered into an agreement with joint venture partner Trans‐Asia Oil and Energy Development Corporation to increase its equity in two core exploration permits in the Philippines. Otto will increase equity in Service Contract 55, Offshore Palawan by 8.18% to 93
SBM Offshore confirms two appointments to the Board of Management: – Mr. Bruno Chabas will be appointed as Chief Operating Officer and a Director in the Board of Management of SBM Offshore N.V. with effect from 1 May 2011, succeeding Francis Blanchelande who is due to retire this year. Bruno Chabas
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
Diamond Offshore Drilling, Inc. announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a second ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the fourth quarter of 2013. Total cost, including commissioning, sp
Norwegian Energy Company ASA (Noreco), operator of production licence 545, is in the process of completing the drilling of wildcat well 17/6-1. The well was drilled approximately 100 kilometres southeast of the Grane field in the central part of the North Sea. The objective of the well was to prove
ABB has awarded Aker Solutions’ wholly-owned subsidiary Aker Marine Contractors the contract to install its subsea power cable for the Goliat field in the Barents Sea. Aker Marine Contractors will install the cable utilising its new-build subsea installation and construction vessel, AMC Connector(ph
GE Oil & Gas announces it has been issued orders to supply seven (7) subsea tree and wellhead systems, utilizing the VetcoGray MHXT(photo) tree and VetcoGray SG-5 wellhead system, by Maersk Oil North Sea UK Limited (Maersk Oil) for deployment in the UK North Sea. The total value of the awards is exp
Ensco plc announced that a subsidiary of the Company has entered into a 950-day drilling contract with Petroleo Brasileiro S.A. – Petrobras for ENSCO 7500, a 5th generation ultra-deepwater semisubmersible drilling rig that has operated for more than 10 years in the major offshore markets of Australi
Suncor Energy Inc. today reported fourth quarter 2010 net earnings of $1.353 billion ($0.87 per common share), compared to net earnings of $457 million ($0.29 per common share) for the fourth quarter of 2009. Operating earnings in the fourth quarter of 2010 were $946 million ($0.60 per common share)
Strategic Marine continues to enhance its profile within the offshore support services industry, winning the contract to build four new … [mappress] Source: Newsmaker, February 2, 2011;
