Otto Energy Limited (“Otto”), as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc Phase II project in SC14C. During the period from 0600 hours (AWST) on 21st October 2013 to 0600 hours (AWST) on 4th November 2013, the Galoc-6
During Offshore Energy 2013 held in Amsterdam RAI on 15 and 16 October, our reporters spoke to Stuart Ross, Europe CIS Regional Technical Manager for Well Test at Expro. Stuart highlighted Expro’s activities in pioneering well flow management: “Expro provides our clients with the services, products
Chevron Corporation reported earnings of $5.0 billion ($2.57 per share – diluted) for the third quarter 2013, compared with $5.3 billion ($2.69 per share – diluted) in the 2012 third quarter. Sales and other operating revenues in the third quarter 2013 were $57 billion, compared to $56 billion in th
Rosneft announces the completion of the summer 2013 field prospecting season at the company’s offshore license blocks. Seismic prospecting has been conducted at the following blocks: Fedynsky, Central Barentsevsky, East-Prinovozemelsky 1, East-Prinovozemelsky 2, East-Prinovozemelsky 3, South-Russky,
Much speculation surrounds the construction of mysterious barges in San Francisco and Portland, which a Coast Guard spokesperson recently revealed to be linked to Google. While the true purpose of these barges is yet to be revealed, the idea that Google may be constructing floating data centres seem
Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, announced today that its wholly owned subsidiary, Sterling Energy (UK) Limited, has signed a Farm-out Agreement for the Production Sharing Contract of the Ambilobe Block, located offshore Madagascar, with P
In an effort to study a variety of marine organisms which have evolved to live in extreme environments, the Japan Agency for Marine-Earth Science and Technology (JAMSTEC), led by President Asahiko Taira, has begun a project called QUELLE2013. This project began in January 2013, using the manned rese
The U.S. Army Corps of Engineers Galveston District, awarded a contract in the amount of $178,798.11 to Quaternary Resource Investigations LLC for routine soil sampling and laboratory testing at the Alexander Island Dredge Material Placement Area adjacent to the Houston Ship Channel. The contractor
Reach Subsea AS announced that the company has signed a Letter of Intent with DOF Subsea in Norway for the charter of Normand Reach for a 2 year firm contract with 2 yearly options. Reach Subsea shall provide subsea services including 2 Reach Subsea WorkROV systems and personnel to DOF Subsea from t
Statoil has now completed the agreement with the Austrian oil and gas company OMV to divest shares in Gullfaks and Gudrun on the NCS and exit Schiehallion and Rosebank fields West of Shetlands. The transaction will enable Statoil to redeploy around USD 7 billion of capital expenditure, around USD 5.
Technip’s Board of Directors approved the third quarter 2013 consolidated accounts on October 29, 2013, Thierry Pilenko, Chairman and CEO, commented in detail on the quarter and the outlook: ‘In the third quarter, Technip’s performance was contrasted between our two activities. On the one hand, Onsh
Huisman, the specialist in lifting, drilling and subsea solutions welcomed Subsea 7’s Seven Waves at the Huisman Schiedam quayside. The vessel, built by IHC Offshore & Marine in Krimpen aan den IJssel, will be equipped with a 550mt Flex-lay system and a 400mt Offshore Mast Crane. The 550mt Flex-lay
Ocean Power Technologies, Inc. today announced that the Company has received a $2.6 million contract from Mitsui Engineering & Shipbuilding Co., Ltd. (“MES”) to provide the final design and supply of key components of a PowerBuoy system intended for deployment off the coast of Japan to demonstrate i
Two of the Royal Australian Navy’s Coastal Hydrographic Survey ships have recently returned to their homeport of Cairns, having completed a survey of Dawson Strait, Papua New Guinea. The two ships, Mermaid and Paluma, commenced vital survey work in August to assist mariners in the safe passage and n
