Dockwise Ltd. today announces four awards for Heavy Marine Transport (HMT) Projects that include an FPSO, two jack-up rigs and a power barge. Total revenues for these various commitments are almost $ 45 million. Dockwise was awarded a contract with HHI (Hyundai Heavy Industries Co., LTD.) for the tr
A plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, ConocoPhillips, ExxonMobil and Shell. “Chevron knows that it can only operat
Vantage Drilling Company today announced that it has signed a definitive agreement to supervise and manage the construction and marketing of the Ultra-deepwater Drillship/FPSO, the “Dalian Developer” (previously known as MPF-01). Dalian Deepwater Developer LTD (DDD) has awarded the Company a managem
MARINE Subsea (UK) was praised yesterday after completing a £656,000 contract for operator Repsol at the Casablanca platform, offshore Spain. The firm used its multipurpose offshore intervention vessel Sarah to prepare subsea equipment for installation work scheduled for next year and to modify traw
The Petroleum Safety Authority Norway (PSA) has given Dong E&P Norge AS (Dong) consent to carry out production drilling on the Trym field with the mobile drilling facility Maersk Giant. The Trym gas/condensate discovery 3/7-4 was proven in 1990, and is located in the far south of the North Sea, just
More than 500 fishing boats are requisitioned to clean up 183 km2 of oil-covered sea after explosions rip through port. Many fear the… [mappress] Source: asianews,July 21, 2010;
Tidewater Inc. announced today that fiscal first quarter financial results for the three months ended June 30, 2010, are estimated to be between $0.75 – $0.80 on a fully diluted per share basis. Although Tidewater does not provide its own earnings forecast or endorse forecasts prepared by others, it
Louisiana State University Endowed Chair of Banking and nationally-renowned economist Dr. Joseph R. Mason estimates that the first six months of the Obama administration’s moratorium on oil and natural gas exploration in the Gulf of Mexico will trigger a loss of more than 8,000 jobs, nearly $500 mil
Dana Petroleum announces that it has signed an agreement with BG International Limited (“BG”) to acquire a 50% interest in the El Manzala Offshore Area Concession, located in the Mediterranean Sea, offshore Egypt. The deal is subject to normal regulatory approvals. The El Manzala Offshore Area Conce
Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Brasil SA (Keppel FELS Brasil), has secured two contracts totaling S$170 million (approximately USD $124 million) from repeat customers for the conversion of a Floating Production Storage and
Lundin Petroleum AB (Lundin Petroleum) announces that drilling of exploration well 16/2-6 on the Avaldsnes prospect has commenced. The well is located in Block 16/2, production licence PL501, in the central North Sea sector of the Norwegian Continental Shelf (NCS). The Avaldsnes prospect is located
The Petroleum Safety Authority Norway (PSA) has given ConocoPhillips Skandinavia AS (COPSAS) consent to carry out well work on Ekofisk 2/4 Bravo with the mobile drilling facility Mærsk Gallant. The consent covers plugging and drilling of a sidetrack from an existing production well. According to the
Nido Petroleum Limited (Nido), as Operator of Service Contract 54A (SC 54A), provided status update on the continuing Extended Well Testing (EWT) at Tindalo. The well testing results so far have confirmed: • The pre-production oil-in-place estimates (most likely 11 million barrels), including confir
Tap Oil Limited (“Tap”) is pleased to advise that the Operator of WA-290-P, Apache Northwest Pty Ltd (“Apache”) has indicated that operations on Zola-1 may commence as early as August, depending on the progress of the Stena Clyde’s (semi-submersible drilling rig) current activities. Once on location
