Leading Aberdeen-based oil and gas engineering services company Cammach Group has reported a sharp increase in turnover in the past year. The 13-year-old firm has just announced that turnover has leapt by 56% or £2.7 million to just over £7.5 million. Due to significant growth, 15 additional members
Gazprom has appointed WorleyParsons to perform front end engineering design (FEED) services on its Shtokman Phases 2 and 3 development in the Barents Sea. The Shtokman gas/condensate field is in the Russian sector of the Barents Sea about 600 kilometres northeast of the city of Murmansk. The complet
Mermaid announces that it has received an ‘A’ grade rating for Contractor Health Environment Safety Management (CHESM) from Chevron Indonesia for its operations on its tender rig ‘MTR-2’. The Chevron CHESM process establishes clear accountabilities, ensures active engagement of contractors, and prov
Total announces having finalized an agreement in principle with Perenco, an independent exploration and production French company, to sell its 75.8% equity in its upstream affiliate Total E&P Cameroun, a Cameroonian company which other shareholders include the national oil company – SNH (Société Nat
Further to announcements on May 3, July 1, August 18 and October 1, 2010, Sevan Marine ASA (“Sevan”) announces that on November 9, 2010, relevant subsidiaries of Sevan entered into the charter contract and the services agreement with E.ON Ruhrgas UK E&P Limited (“E.ON”) together with related documen
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS (Lundin) a drilling permit for well 16/7-9, cf. Section 8 of the Resource Management Regulations. Well 16/7-9 will be drilled from the Transocean Winner drilling facility at position 58° 15’ 17.47’’ north, 02° 17’ 24.95’’ east af
Vantage Drilling Company (“Vantage”) reports a net loss of $5.8 million or ($.02 per share), excluding $3.8 million ($.01 per share) of charges associated with the acquisition of the Platinum Explorer (photo) and $24.0 million ($.09 per share) of charges associated with refinancing of debt. Includin
VAALCO Energy, Inc. reported net income attributable to VAALCO of $12.5 million or $0.22 per diluted share for the third quarter of 2010 compared to net income attributable to VAALCO of $4.2 million or $0.07 per diluted share for the comparable period in 2009. Third quarter 2010 revenues were $32.6
Reference is made to the notice published by Polarcus Limited on 26 July 2010 regarding the receipt of a Letter of Intent from Gassnova SF for a second Carbon Capture and Storage (CCS) 3D comprising 323 square kilometers offshore Norway (the “Troll Kystnær 3D”), and the subsequent delay of this proj
Security forces sought Tuesday to free seven foreign hostages after an oil rig and support vessel were attacked off Nigeria, as the … Source: Yahoo! News [mappress] Source: News.Yahoo, November 9, 2010;
The board of BP announced that it has appointed Brendan Nelson and Frank L. “Skip” Bowman as non-executive directors of BP p.l.c. with immediate effect. Mr Nelson will succeed Douglas Flint as Chairman of BP’s Audit Committee when Mr Flint retires from the Board at the conclusion of the 2011 BP Annu
Statoil and its partners on Åsgard have opted for subsea gas compression to help recover the big remaining reserves in this Norwegian Sea field. Similar projects elsewhere are in the pipeline. Many years of development work underpin this choice. Subsea gas compression has also been assessed on Gullf
“In a market environment that continues to be difficult, BOURBON can today report third-quarter 2010 revenue growth of 6.4%. This confirms the upturn in our Offshore activity, announced previously and already in evidence in the second quarter. It also confirms our strategic choices and reflects our
The average daily production in September 2010 was about 1 825 000 barrels of oil, NGL and condensate. This is 2 000 barrels less than in August 2010. Gas production was about 5.7 billion Sm3, which is 0.3 billion Sm3 less than in August. The liquid production in September was: 1 585 000 barrels of
