Ensco, USA, reported diluted earnings per share from continuing operations of US$1.11 for first quarter 2010, compared with US$1.59 per share in first quarter 2009. Earnings from discontinued operations were US$0.22 per share in the first quarter, compared to a loss of US$0.03 per share a year ago.
Murphy Oil Corp. announced Wednesday that its contracts with Malaysia allowing offshore exploration on two tracts of land have been terminated, as the land now belongs to Brunei. Malaysia awarded production-sharing contracts to the El Dorado-based company in 2003. But activity in the areas, designat
Diamond Offshore Drilling has reported a net income for the first quarter of 2010 of US$290.9 million, or US$2.09 per share on a diluted basis, compared with net income of US$348.6 million, or US$2.51 per share on a diluted basis, in the same period a year earlier. Revenues in the first quarter of 2
KTL Global, the supplier of rigging equipment to the offshore oil and gas (O&G) sector, says it will invest $6 million to set up one the largest rigging and sling manufacturing facilities in the Middle East. It will be located on a 10,000 sqm plot of prime industrial land in the Hamriyah Free Zone i
Aban Offshore today announced that `Venture Drilling (a 50% indirect joint venture of the company) and Maersk Oil Angola (Maersk 0il) have reached a mutual agreement to amend their drilling contract relating to drillship Deep Venture, bringing the specified term of the contract to midnight of Apr. 2
Northern Offshore UK, a subsidiary of Northern Offshore, which is engaged in the provision of offshore contract drilling equipment and operating services for offshore oil and gas operators, has received a contract from Perenco UK, for the jackup Energy Enhancer. The contract is for a one-well progra
Crews searched by air and water for 11 workers still missing from the Deepwater Horizon, though one relative said family members have been told it’s unlikely anyone survived Tuesday night’s blast. Supply vessels had been shooting water into the rig try to control the flames enough to keep it afloat,
Nine major oil rig fires have killed at least two people and seriously injured 12 since 2006 in the Gulf of Mexico, a lonely, high-risk… Source: Houston Chronicle ,April 22, 2010
Somali pirates were responsible for 35 of the 67 piracy incidents reported worldwide during the first quarter of the year, said a report by the ICC International Maritime Bureau (IMB). The number of incidents represents a sharp drop from the 102 attacks reported during the first quarter of last year
At approximately 10 p.m. (CST) Tuesday night, an explosion rocked Transocean’s Deepwater Horizon semisubmersible drilling rig in the U.S. Gulf of Mexico. According to the U.S. Coast Guard, the search continues for 11 workers still missing following what could be one of the nation’s deadliest offshor
Oil production in Latin American countries outside of the OPEC cartel and Mexico should average 4.66Mb/d in 2010, an increase from the 4.61Mb/d previously forecasted, OPEC said in its April oil market report. Argentine oil supply experienced an upward revision of 10,000b/d due to healthy production
Integrated offshore oilfield services provider Great Offshore on Tuesday reported a marginal growth of 2.38 per cent in net profit to Rs 73.05 crore for the fourth quarter ended March 2010. The company had a net profit of Rs 71.35 crore in the same period of the pre-vious financial year. Total incom
Seadrill today took delivery of the new deepwater semisubmersible drilling rig West Orion from the Jurong Shipyard in Singapore. The unit was delivered on budget and 10 days ahead of original delivery schedule. The drilling rig will leave Singapore tomorrow, en route to its first six-year drilling a
Transocean, the world’s largest offshore drilling contractor, has announced that its shares will begin trading on SIX Swiss Exchange (SIX) under the symbol (RIGN). Transocean’s shares also trade on the New York Stock Exchange under the symbol (RIG). “With our company headquarters located in Switzerl
