When the application deadline for the 21st licensing round on the Norwegian shelf expired on 3 November, 37 companies had submitted applications. Director of Exploration Sissel Eriksen in the Norwegian Petroleum Directorate is very pleased that companies still consider the Norwegian Sea and the Bare
Hyperdynamics Corporation announces that it has entered into a $30 million definitive private placement agreement to sell 15 million common shares at a price of $2.00 per share to funds managed by affiliates of BlackRock, one of the world’s preeminent investment management firms. The closing of the
Sembcorp Marine achieved a 105% increase in net profit to $296 million from $145 million in 3Q 2009. Excluding the one-off write-back of $53 million in the consolidated income statement arising from the full and final amicable settlement with Societe Generale on the disputed foreign exchange transac
AMEC,the international engineering and project management company, has been appointed by Maersk FPSOs to carry out the front-end engineering design (FEED) for modifications to the Curlew floating production storage and offloading vessel (FPSO) in the central North Sea. The value of the contract has
Dril-Quip, Inc. today announced net income of $27.7 million, or $0.69 per diluted share for the three months ended September 30, 2010, versus net income of $25.1 million, or $0.63 per diluted share for the third quarter of 2009. Total revenues were $140.1 million during the quarter ended September 3
ADX Energy Ltd announces a significant increase in the resource potential at its Dougga Gas Condensate discovery offshore Tunisia, based on the results of ADX remapping using its leading edge dual sensor 3D seismic data acquired earlier in 2010. ADX holds a 60% interest and is operator of Dougga and
The China National Offshore Oil Corporation has failed in a joint bid with Ghana National Petroleum for Kosmos Energy’s Ghanaian assets … [mappress] Source: Istockanalyst, November 4, 2010;
Further to the Golar LNG Energy (“Golar Energy”) announcement on October 12, 2012 that Golar Energy had been selected by PT Nusantara Regas, a joint venture between Pertamina and PGN, as the successful bidder for the provision of the West Java Floating Storage Regasification Terminal (“West Java FSR
Oil States International, Inc. announced today that Oil States Industries, its wholly owned subsidiary headquartered in Arlington, Texas, was awarded contracts valued at approximately $29 million by FloaTEC de Mexico S.A. for tendon mooring equipment for a tension leg platform (TLP) located in the C
Tidewater Inc. announced second quarter net earnings for the period ended September 30, 2010, of $19.4 million, or $0.38 per share, on revenues of $267.1 million. For the same quarter last year, net earnings were $98.2 million, or $1.90 per share, inclusive of a $34.3 million, or $0.66 per common sh
GE Oil & Gas’ drilling & production business has been awarded two contracts totaling more than $120 million by Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) of South Korea, one of the world’s leading specialized shipbuilding and offshore contractors. Under the first contract, GE will supp
MEO Australia Limited provides an update to 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 midday (Western Standard Time) on 11th Nov
Cairn Energy PLC (“Cairn”) announces that its wholly-owned subsidiary Capricorn Energy Limited (“Capricorn”) has today entered into a conditional sale and purchase agreement (“SPA”) with Santos International Holdings Pty Limited (“Santos”). Pursuant to the SPA, Santos will acquire the entire issued
SeaBird is to announces a Q3 report with an EBITDA of USD 7.9 million. • The OBN operation with Hugin Explorer and Kondor Explorer was successfully completed for Chevron North Sea Limited west of Shetland well within schedule 12 August 2010. A new survey for Shell Nigeria Exploration & Production Co
