The Bureau of Safety and Environmental Enforcement (BSEE) and the U.S. Coast Guard are continuing to oversee Walter Oil & Gas Corporation’s response efforts to secure the natural gas well and extinguish the subsequent fire that started after the operator’s loss of well control Tuesday. Both BSEE and
Statoil’s second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. “Statoil delivered an operationally solid quarter. We produced as planned, delivering record production from our portfolio outside Norway. We are on track and maintain our guidance for 2
Leading UK marine consultancy ABPmer has been commissioned by Guernsey Electricity Limited to undertake the environmental scoping studies in support of future submarine power cable projects. The company is seeking to install two submarine power cables between Guernsey and Jersey and Guernsey and Fra
Fugro Chance Inc. recently performed non-typical acoustic metrologies on four proposed jumpers in the Gulf of Mexico. By industry standards the measurements were completed in a substantially short time frame. A typical metrology takes approximately 12 hours for one measurement, resulting in an antic
Hercules Offshore today provided updates to the incident aboard jackup drilling rig Hercules 265, a 250′ mat-supported cantilevered unit, operating for Walter Oil & Gas Corporation in the U.S. Gulf of Mexico OCS lease block South Timbalier 220. Late yesterday evening, the natural gas flowing from th
DONG Energy has announced the results from two exploration wells that were drilled in the West of Shetlands at the end of 2012 and early 2013. After initial analysis, the Cragganmore exploration well is confirmed as a gas discovery and the Glenrothes well has been plugged and abandoned. The next sta
The Board of Mediterranean Oil & Gas Plc announces that, following the grant of approval by the Government of Malta, it has acquired through its wholly owned subsidiary Melita Exploration Company Limited (“Melita”), a 40% working interest in the Exploration Study Agreement (“ESA”) relating to offsho
Enegi, the independent Oil and Gas Company with a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan provides update on the Fyne Oil field project. Enegi, along with its Joint Venture partner ABTechnology (“ABT”), agreed with Antrim Resources (N.I.) (“Antrim”)
Polarcus Limited (“Polarcus” or the “Company”) announces the release of its second quarter 2013 financial statements. Highlights in the second quarter 2013: – Revenues of USD 130.5 million, up 14% from Q2 2012 – EBITDA of USD 51.1 million, up 19% from Q2 2012 – EBIT of USD 26.7 million, up 22% from
Hercules Offshore announced that it is experiencing a well control incident on jack-up drilling rig Hercules 265, a 250′ mat-supported cantilevered unit. Efforts are ongoing to regain control of the natural gas well. At this time, all personnel on board have been evacuated and are being transported
FMC Technologies, Inc. reported second quarter 2013 revenue of $1.7 billion, up 14 percent from the prior-year quarter. Diluted earnings per share were $0.44 compared to $0.46 in the prior-year quarter. The quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjustme
Odyssey Marine Exploration, pioneers in the field of deep-ocean exploration, has recovered over 61 tons of silver bullion this month from a depth of nearly three miles. This recovery of bullion from the SS Gairsoppa, a 412-foot steel-hulled British cargo ship that sank in February 1941, consists of
Helix Energy Solutions Group, Inc. reported net income of $27.2 million, or $0.26 per diluted share, for the second quarter of 2013 compared to net income of $44.6 million, or $0.42 per diluted share, for the same period in 2012, and $1.6 million, or $0.02 per diluted share, in the first quarter of
The 121-CV-1X exploration well in Block 121 in the Phu Khanh Basin offshore East Vietnam has reached a total depth of 3,750 metres measured depth (MD). The well is being plugged and abandoned with gas shows. The well, which was targeting the Whale (Ca Voi) prospect, encountered sands in the deep cla
