Schlumberger Limited today reported full-year 2010 revenue of $27.45 billion versus $22.70 billion in 2009. Full-year 2010 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $3.60 billion, representing diluted earnings-per-share of $2.86 versus $2.78 i
Today, 21 January, the licensees in Visund South submitted a plan for development and operation (PDO) to the Ministry of Petroleum and Energy. Production start-up is scheduled for the third quarter of 2012. Visund South, which consists of the Pan and Pandora discoveries, is located 10 kilometres fro
Punj Lloyd Group, a diversified global engineering, procurement and construction (EPC) conglomerate, announced winning three oil & gas contracts in India, Oman and Indonesia amounting to Rs 645 crore. These contract wins clearly demonstrate Punj Lloyd’s multi-geographical presence and diverse servic
Cameron has received a contract valued at approximately $90 million from Statoil for the provision of high temperature, high pressure (HPHT) surface wellhead and Christmas trees for the Norwegian Gudrun platform with further options for the Valemon and Brynhild platform developments. The seven-year
For some days in early January three newbuildings for K Line Offshore AS were berthed at STX Brevik-yard. On 13th January KL Brisfjord was successfully delivered. The vessel has a deadweight of 5.185 T and cargo deck area of 1.100 m2. KL Brisfjord is flying NOR-flag and is currently in Bergen for tr
Valiant Petroleum plc (“Valiant”) announces that its Don Southwest ‘E’ Panel exploration well (211/18a-S7) has reached total depth of 11,540 TVDSS feet (3,517 metres) and has encountered a hydrocarbon bearing Brent sand formation indicating a gross recoverable accumulation of 5-7 million barrels of
Venezuela holds 297 billion barrels of proven oil reserves, Energy and Petroleum Minister Rafael Ramirez said. Source: LAHT [mappress] Source: Laht, January 21, 2011;
A leakage has been detected at ONGC’s Mumbai Uran Trunk (MUT) oil pipeline at 0845 hours this morning. The leakage was observed 2 Kms from BPB platform (Bassein oil and gas field) in western offshore, 80 kms from Mumbai coast. The Regional Contingency Plan (which is the existing emergency response m
Further to yesterday’s announcement of the contemplated initial public offering (IPO) of Aker Drilling, the company wishes to inform that Arctic Securities, DnB NOR Markets, Pareto Securities and RS Platou Markets have been retained as financial advisors and facilitators of the IPO on Oslo Stock Exc
Schilling Robotics, LLC, experts in subsea systems, announced today that it has formally opened a new support center in Singapore, and has commenced construction of another support center in Brazil which will open in April 2011. This international expansion of Schilling’s product support services in
The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for well 6508/1-2, cf. Section 8 of the Resource Management Regulations. Well 6508/1-2 is scheduled to be drilled from the drilling facility Aker Barents in position 65o 55’50.28″ north and 08o 01’52.78″ eas
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has appointed Mr Dominique de Soras as a Non-Independent Executive Director and also the new Managing Director and Chief Executive Officer with effect from 1 February 2011. He will replace En. Wan Yusoff bin Wan Hamat who will be resigning
Helix Energy Solutions Group, Inc. announced today that it has executed agreements for its Helix Fast Response System (“HFRS”) to be named as a spill response resource for the U.S. Gulf of Mexico (“GOM”) in response plans submitted by oil and gas producers with state and federal authorities. The HFR
Kongsberg Maritime’s simulation division and Vestfold University College has signed a framework agreement to further explore activities and projects of joint interest within research and development of maritime simulators from an innovation and human factor perspective. The agreement which was signe
