Secretary of the Interior Ken Salazar has determined it is appropriate that deepwater oil and gas drilling resume, provided that operators certify compliance with all existing rules and requirements, including those that recently went into effect, and demonstrate the availability of adequate blowout
Chevron Corporation today reported in its interim update that earnings for the third quarter 2010 are expected to be lower than in the second quarter. Non-cash foreign currency effects due to the weakening of the U.S. dollar are expected to reduce earnings approximately $400 million for the full qua
White House press secretary Robert Gibbs said on Tuesday that an announcement regarding the deepwater drilling moratorium will come … By Owen Water (TickerSpy) [mappress] Source:Tickerspy, October 13, 2010;
Markey Machinery has completed the shipment of the first two WECDF-20, 93kW electric anchor/mooring winches for the Oceaneering International’ new 39.6-meter Diving Support Vessel. Each winch carries 1,828 meters of wire rope and is powered by an AC-variable frequency drive system outfitted with Mar
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced that the Fundamental Decision for the Amendment to the Hibernia Development Plan to allow the Hibernia Southern Extension Project to proceed has been approved. The decision enables Hibernia Management and Development C
CAMAC Energy Inc. , a US-based energy company engaged in the development and production of oil and gas in West Africa and China, announced today that it has entered into a binding Heads of Agreement with Allied Energy Resources Nigeria Limited and certain of its affiliates (“Allied”) to acquire all
Per Harald Kongelf (photo) has been appointed executive vice president (EVP) for the Energy Development & Services (ED&S) business area in Aker Solutions with immediate effect. He replaces Jarle Tautra who will continue to work for Aker Solutions as a special advisor to the CEO. Kongelf comes from t
Foster Wheeler AG,announced today that its Global Engineering and Construction Group has been awarded a pre-front-end engineering design (pre-FEED) and front-end engineering design (FEED) contract by Cardon IV, S.A., for new production facilities at the Perla field, located in the Gulf of Venezuela,
Sub-Atlantic Ltd has netted orders for six electric remotely operated vehicle (ROV) systems with five different international customers during an unprecedented week of sales activity. The orders are for a Comanche Light/Medium Work Class system for a Far East diving contractor; a second Comanche sys
WorleyParsons’ Nigerian joint venture company, DeltaAfrik Engineering Limited, has received notification of a contract extension from ExxonMobil subsidiary Mobil Producing Nigeria for provision of engineering and project delivery services for the “Satellites Phase 2” project as part of its ongoing o
The Te Giac Den appraisal well, TGD-2X, will be plugged and abandoned. Although the well encountered significant hydrocarbons in a clastics reservoir sequence at approximately 4,550 metres measured depth and produced both black oil and gas, it flowed at sub-commercial rates. The TGD-2X well was dril
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces the appointment of Fergus McGhie as Project Delivery Manager for the development of the St
Wilhelmsen Ships Service has arranged a substantial logistics service for the M/Y Latitude, used by Oceana to study the after-effects of the oil spill from the Deepwater Horizon offshore rig in the Gulf of Mexico. The company supplied the 170 foot vessel , which was chartered by the non-profit envir
Songa Venus achieved operating efficiency of 99% during the month, the rig continued its work on the second well of 4 firm wells for Shell Development (Australia). Songa Mercur achieved operating efficiency of 100% during the month; the rig continues to operate outside Sakhalin Russia on a one well
