Northern Offshore, Ltd. reported net income for the three months ended March 31, 2010 of US$23.2 million, or US$0.15 per diluted share, on revenues of US$68.1 million. This compares to net income of US$3.6 million, or US$0.02 per diluted share, for the first quarter of 2009, on revenues of US$56.6 m
BP has said that efforts to plug the ruptured Gulf of Mexico oil rig were going to plan and that it appeared that drilling mud, not oil… [mappress] Source: Telegraph, May 27, 2010;
FMC Technologies signed in the beginning of March a contract with Statoil ASA for the manufacture and supply of subsea production equipment to support the Marulk field. The award is a call-off from FMC’s existing frame agreement with Statoil. The Marulk field is located in the Norwegian Sea, approxi
AWE’s Tui SW-2 drilling update AWE Limited advises that at 0600 hours today, the Tui SW-2 well was at a measured depth of 1573 metres after running and cementing 9-5/8” casing. The forward plan is to drill 8-1/2” hole to total depth. The Tui SW prospect is located in mining licence PMP 38158 in the
Cirrus Energy Corporation (TSXV: CYR) announces the following operational update regarding ongoing activities in our wholly owned subsidiary, Cirrus Energy Nederland B.V. (“Cirrus”) in The Netherlands. 2010 Drilling Programme M01-04 (Cirrus 47.5%, operator) The first well in the 2010 drilling progra
Petrobras announced the discovery of two new light oil accumulations (29o API) in reservoirs in the Campos Basin’s post- and pre-salt areas, by means of the drilling of well 6-CRT-43-RJS, known as Carimbé. The well is located in the Caratinga field area, about 106 km off the coast of Rio de Janeiro,
Keppel Singmarine Pte Ltd (Keppel Singmarine), the specialised shipbuilding arm of Keppel Offshore & Marine Limited (Keppel O&M), has demonstrated its commitment to meet the needs of customers with the timely and safe deliveries of five ships. These five vessels, including a Multi-Purpose Supply and
The separatist Georgian region of Abkhazia will develop its offshore oil field that lies near its coast, rebel region’s de facto… [mappress] Source: hurriyetdailynews, May 26, 2010; Abkhazian Offshore Oil Potential Possibly Bigger than the Georgian
TSmarine, a subsea oil and gas construction service provider, is expanding its fleet following the recent signing of its third vessel, the 110-metre DP2 subsea construction vessel ‘Havila Phoenix’. The addition of the vessel indicates an upturn in the industry, increasing the company’s services acro
The Maritime and Port Authority of Singapore (MPA) said it is co-ordinating the containment and clean up efforts of the resultant oil… [mappress] Source: Xinhua, May 26, 2010
Next week (w/b 31 May) will see a major milestone reached by IHC Engineering Business (EB), when their largest project to date, a 2,000t capacity J-Lay system for the Saipem FDS2 (Field Development Ship), leaves its manufacturing location on Teesside. The lay system will then be en route to the Sams
The State Oil Company of Azerbaijan has commissioned a new well at the Alyat Deniz offshore field. [mappress] Source: Newsaz, May 26, 2010;
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea efforts continue to focus on progressing options to stop the flow of oil from the well through interventions via the blow out preventer (BOP), and to collect the flow of oil from
Rem Offshore ASA has ordered four large platform supply vessels. Two of the contracts are with Kleven Verft AS of the VS 485 design. The vessels will be delivered in June and September 2011. The value of the contracts with Kleven is approximately US $106 million (NOK 700 million). The other two cont
