Providence Resources P.l.c. („Providence‟), the AIM and ESM listed exploration and production company announced that it has signed a 10 month option agreement with Star Energy Group (“Star”) in relation to its 100% owned and operated Standard Exploration Licence (SEL) 1/07 („Dragon Licence‟) in the
Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth in excess of USD 2 million by the block SC60 joint venture, which is operated by Shell Philippines Exploration BV. The work will be performed shortly from the 3D EM vessel BOA Galatea. This vessel is now fully booked for the re
Petrofac, the international oil & gas facilities service provider, has been awarded a contract worth £40 million (Approximately USD $ 64 million)over three years for the provision of engineering services to the UK Continental Shelf assets of Maersk Oil North Sea UK Ltd (Maersk Oil). Work will begin
Mermaid Maritime Public Company Limited announces that its wholly owned subsidiary Subtech Ltd. has entered a joint venture agreement with General Technologies & Systems Co. Ltd. (“Gentas”), a subsidiary of Shoaibi Group and Saudi Trading & Research Co., Ltd. (“Starc”), to form Subtech Saudi Arabia
Federal environment minister Tony Burke today approved, with strict conditions, Shell’s Prelude floating LNG facility in the Browse Basin off the coast of Western Australia. “While there are significant economic benefits to these projects, which must be a consideration in my decision, my focus has b
HHI today held a naming ceremony for the Usan FPSO, the world’s largest floating production storage and offloading facility. The Usan FPSO can refine 160,000 barrels of oil and 5 million cubic metres of gas daily. It has storage for 2 million barrels of oil. The facility is 320m long, 61m wide, 32m
Origin Energy advises that the Tarapunga-1 exploration well, that spudded on 5 November 2010, continues drilling operations as planned. The well is being drilled vertically using the semi-submersible drilling rig Kan Tan IV which is being managed for Origin by Australian Drilling Associates (ADA). D
The Naming Ceremony of Siem Garnet took place in Ulsteinvik 4th of November at 12 PM. The godmother of this vessel is Maneesha Khanna Eriksrud. Siem Garnet is the 8th ship, out of the total of 10 VS491 CD, that is delivered from Kleven Maritime to Siem Offshore and Singa Star. Siem Opal, the next [&
BOURBON confirms that the 3 BOURBON employees abducted in Nigeria on board Bourbon Alexandre(photo) during the night of 21 to 22 September 2010 were released today. Despite difficult conditions while in captivity, they all appear to be in good health. They are currently being looked after by the mem
Hyperdynamics Corporation announced today the appointment of William O. “Bill” Strange to the Company’s Board of Directors. Bill Strange is a retired audit partner with Deloitte & Touche LLP. He joined the international accounting firm in 1964 and became a partner in 1976, specializing in audits of
Subsea 7 Inc. , through its i-Tech division, today announced an award by Petrobras International for the provision of remotely operated vehicle (ROV) services onboard a new build ultra-deepwater drillship. The contract is valued at US $18m. The initial contract term is five years, which can be exten
Operating income for the quarter amounted to USD 73.4 million (USD 58.2 million). EBITDAFX was USD 18.5 million (USD 17.1 million). Operating loss was USD 19.5 million (loss of USD 0.2 million), and net loss was USD 66.4 million (net profit of USD 0.5 million). Operating income was USD 15.2 million
Darkness, extreme weather and shifting sea ice could delay efforts to stop an oil well blowout in the U.S. Arctic Ocean for six months or more, trapping spewed oil in ice for up to a decade according to a report released today by the Pew Environment Group. The study, “Oil Spill Prevention and Respon
Aker Solutions advanced H6 drilling rigs use integrated Milestone video surveillance for state-of-the-art operational control in harsh environments. Aker Solutions is building model H-6e drilling rigs, the latest-generation of semisubmersible platforms specially designed to conquer the challenges of
