Africa is experiencing an oil-and-gas boom as the continent’s relatively unexplored prospects present a tantalizing draw for foreign oil… [mappress] Source: theglobeandmail, May 10, 2010;
With a view to garner a substantial overseas business and become a major global player in the offshore services segment, Great Offshore… [mappress] Source: Businessstandard, May 10, 2010;
As a massive oil leak spit thousands of gallons more crude into the Gulf of Mexico, a big box that BP hoped would be its savior sat idle… [mappress] Source: AP, May 10, 2010;
Subsea 7’s new diving support vessel (DSV), the ‘Seven Atlantic’, one of the largest and most capable DSVs in the world, has completed her first diving project for Shell in the Southern sector of the UK North Sea. The Seven Atlantic has been working in the Southern sector for Shell as well as comple
The deadly blowout of an oil rig in the Gulf of Mexico was triggered by a bubble of methane gas that escaped from the well and shot up… [mappress] Source: AP, May 10, 2010;
Bridas Corporation, with oil and gas exploration and production operations in Argentina, Bolivia and Chile is now a 50/50 joint venture between China National Offshore Oil Corporation, CNOOC (NYSE:CEO) and BEH, according to a brief relief from the giant Chinese corporation. CNOOC said it signed the
Chevron Canada Ltd. is preparing to start drilling the country’s deepest offshore oil well off Newfoundland Sunday, just as a devastating… [mappress] Source: Cbc, May 9, 2010;
Aker Solutions has been selected by Kebabangan Petroleum Operating Company Sdn Bhd (KPOC) as its contractor for the detailed engineering of the Kebabangan (KBB) Northern Hub development project located in the South China Sea, 130km offshore Sabah in East Malaysia. Under the four-year contract, Aker
Tideland Signal is one of the suppliers involved in the Perdido Development, Royal Dutch Shell’s record breaking new hub located 200 miles off the coast of Texas. Located in an isolated, ultra-deep sector of the Gulf of Mexico, Perdido, which in April started producing oil and natural gas, has broke
A 12-man crew was making final preparations Wednesday to take a 100-ton contraption on a journey to an oil leak site in the Gulf of Mexico in an unprecedented attempt to help funnel out oil spewing from the bottom of the sea about 50 miles off the Louisiana coast. The giant-concrete-and-steel box is
Transocean Ltd. reported net income attributable to controlling interest of $677 million, or $2.09 per diluted share, on revenues of $2.602 billion for the three months ended March 31, 2010. The results compare to net income attributable to controlling interest of $942 million, or $2.93 per diluted
Gov. Arnold Schwarzenegger says he will find another way to help close the state’s $20 billion budget deficit after the massive oil spill… [mappress] Source: AP, May 9, 2010;
Russian leaders are hoping that the launch of the country’s first major Caspian Sea offshore energy development project will re-invigorate.. [mappress] Source: eurasianet, May 9, 2010;
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, today announced the establishment of a new Asia Pacific office in Kuala Lumpur, Malaysia and the appointment of 2 of its senior personnel to its Asia Pacific region. The Kuala Lumpur office will initially house
