Polarcus Limited announced today that the Company has received two Letters of Intent for a combined minimum work program of 3,550 square kilometers offshore Southwest Africa, with the high potential for the program to expand to 5,000 square kilometers. The two separate Letters of Intent require the
AWE Limited advises that it has today entered into an Executive Services Agreement to appoint Mr Bruce Clement as its Managing Director effective February, 2011. AWE’s current Managing Director, Mr Bruce Wood, will continue to act in his current capacity until Mr Clement assumes his position to ensu
EnCore Oil announces that EnCore and its subsidiaries have been offered two licences covering six blocks and part blocks in the 26th Seaward Licensing Round. All six blocks have been offered under traditional licence terms. EnCore expects to become operator on both of the licences. The licences comp
Husky Energy announced it has received approval from the Government of Indonesia for an extension to the existing Madura Strait Production Sharing Contract (PSC), originally awarded in 1982. The Madura Strait PSC includes the Madura BD and MDA fields, as well as numerous other prospects and leads. T
WHL Energy Ltd. announcedthat it has signed a Share Sale Agreement with the shareholders of SEYCO Energy Pty Ltd. (SEYCO) to acquire 100% of the shares in SEYCO, an entity that is in the process of acquiring the rights to a large exploration holding on the southern continental shelf offshore Seychel
Desire Petroleum plc, the oil and gas company wholly focused on the North Falkland Basin, provides further update on the drilling progress to date on the Rachel 14/15-1Z sidetrack well. The well reached its measured total depth of 3,418 metres on 27 October and the process of pulling out of the dril
Royal Dutch Shell’s third quarter 2010 earnings, on a current cost of supplies (CCS) basis, were $3.5 billion compared to $3.0 billion a year ago. Basic CCS earnings per share increased by 16% versus the same quarter a year ago. Third quarter 2010 CCS earnings, excluding identified items , were $4.9
KBR announced today that third quarter 2010 net income attributable to KBR was $97 million, or $0.62 per diluted share, compared to net income attributable to KBR of $73 million, or $0.45 per diluted share, in the third quarter of 2009. Consolidated revenue in the third quarter of 2010 was $2.5 bill
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, announces that it has been provisionally awarded four new exploration licences west of Shetland under the UK 26th Lic
Lundin Norway AS has received consent to carry out exploration drilling in the North Sea with the mobile facility Mærsk Guardian. The consent applies to drilling of exploration well 3/8-1, which is part of production licence 400. The well has the following geographical coordinates: N 56º 27′ 16.93”,
Helix Energy Solutions Group, Inc. reported net income of $26.2 million, or $0.25 per diluted share, for the third quarter of 2010 compared with net income of $3.9 million, or $0.04 per diluted share, for the same period in 2009, and a net loss of $85.6 million, or $(0.82) per diluted share, in the
Endeavour International Corporation today announced a successful discovery in the West Rochelle area of the North Sea. The West Rochelle well was spudded on 3rd September and reached a total depth of 10,787ft on 7th October, encountering natural gas with an oil rim in an excellent quality reservoir
FMC Technologies, Inc. today reported third quarter 2010 revenue from continuing operations of $960 million, down 12 percent from the prior-year quarter due primarily to lower subsea systems revenue. Diluted earnings per share from continuing operations were $0.66 compared to $0.73 in the prior-year
Petrobras announces that it got operations underway today at the FPSO Cidade Angra dos Reis, the first definitive production system installed in the Tupi area, in the Santos Basin pre-salt cluster. The FPSO (oil and gas floating production, storage, and offloading system) is initially connected to t
