Apache Corporation announced that it has completed its merger with Mariner Energy . The merger closed following its approval by Mariner’s stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million i
Imtech Marine is present at the oil & gas industry exhibition OSEA (30 Nov-3 Dec.) in Singapore, at stand no. 4F2-01. The Imtech Marine presentation joins three Imtech Marine companies: Radio Holland Singapore, Imtech Marine & Offshore and Imtech Marine Germany together in one stand at a new, promin
Revenue for the period increased by 17% to USD 41.4 billion, primarily as a result of higher freight rates for the Group’s container shipping activities and higher oil prices. The net result for the period was a profit of USD 4.2 billion (a loss of USD 0.7 billion). “The result is exceptional, and w
Seadrill has entered into a turnkey contract to build up to four new ultra-deepwater drillships at the Samsung yard in South Korea. The first two drillships are firmly ordered with delivery in the first and second quarter 2013, respectively. Total project price per rig is estimated to be less than U
On Wednesday November 10, Statoil decided to halt the drilling operations that were underway at the Gullfaks field in the North Sea. The drilling and well operations were stopped at Gullfaks for an additional review of Statoil’s routines for planning and conducting drilling operations. On Friday Oct
Serica Energy announces that it is to carry out a review of strategic alternatives for its Indonesian assets. As the result of increased focus on upcoming projects in the UK, Western Europe and Africa, Serica will examine a range of options to create shareholder value including: •Selling all or part
Enviro Voraxial Technology, Inc.announced today that the Company reached an agreement to lease a 1500 barrel per day Voraxial® 2000 produced water skid mounted processing system to an oil service company. The Voraxial® will be used to separate oil from the water “produced” during the oil production
Wood Group has been awarded a five year operations and maintenance contract by Sevan Marine to provide asset management services for the FPSO Sevan Voyageur (Floating Production Storage & Offloading) on the Huntington field in the UK central North Sea. As duty holder, appointed by Huntington field o
Tap Oil Limited (“Tap”) announces that recent studies have highlighted additional potential in the deeper water portion of the Accra block and as a consequence Tap will commence acquisition of a large 3D seismic survey in December 2010 in the Offshore Accra Contract Area, Ghana, subject to final env
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, today announces the award of a contract in the Danish sector of the North Sea valued in excess of US $55 million. The Subsea 7 work scope is to engineer, procure, fabricate, install and commission a 2.2.km bundl
Mechanical engineering company, EnerMech, has launched a new business division which will target the valve supply, testing, inspection and maintenance sector. An initial £2 million (approximately USD $3.2 Million) investment will include the building of an additional workshop at the Aberdeen company
Tullow Oil plc issues the following Interim Management Statement, for the period 1 July to 9 November 2010, in accordance with reporting requirements of the EU Transparency Directive. The Group will announce its full year Trading Statement and Operational Update on 20 January 2011. OPERATIONAL UPDAT
Farstad Shipping has been awarded the following charter contract: Peterson SBS has declared their one year option for PSV Far Splendour (2003, Ulstein P106, 3503 DWT) for continuous operation within the Dutch sector. The option is settled at improved rate level and is agreed between the parties to b
MEO Australia Limited provide their routine weekly Artemis-1 update on the anticipated timeframe for receiving the Songa Venus semi-submersible drilling rig from Shell, the current Operator. The latest advice from Shell is that the rig is expected to be handed over to MEO on or about late evening (W
