Statoil’s first quarter 2012 net operating income was NOK 57.9 billion, a 14% increase compared to NOK 50.8 billion in the first quarter of 2011. “Statoil grew production by 11% and realised high oil and gas prices in the first quarter of 2012, generating strong financial results for the period. Pro
Recently, the accumulated 3D seismic data collection volume of HYSY720, a seismic vessel fleet of China Oilfield Services Limited （“COSL”）, has surpassed the 10,000 km2 level to reach 10,010.415 km2. This marks another major achievement for HYSY720 following the previous record-breaking performance
Alcatel is about to launch submarine fibre-optic cable project which will link Seychelles to the rest of the world, IPP Media reports. The cable will be laid down from Msasani Beach, Dar es Salaam, to the Seychelles. Seychelles Minister for Natural Resources and Tourism Peter Sinon said that the fib
An important advancement in stopping the leak on the G4 well on the Elgin complex was made on 4 May when the semi-submersible drilling rig, the West Phoenix, moved within the current exclusion zone ready to position itself directly alongside the complex. This dynamically positioned rig will be the m
Anti-terror exercise took place at Caspian Flotilla (CF) naval base Astrakhan. About 200 servicemen were involved in the exercise, as well as 15 ships and boats. According to scenario, patrolmen found concealed cases with explosives and diving outfit on the bank of the Volga River. Officer on duty a
Aker Solutions is establishing an office in Ålesund, Norway, to connect with the engineering competence in the region and thereby facilitate further growth for the oil services company. The Ålesund region and its marine industry is renowned for highly skilled and competent engineers. The new office
Total announces that it has been awarded an exploration license for Uruguay’s offshore Block 14, following the second bidding round held by the national company, ANCAP. This license remains subject to further approval by Uruguayan authorities. Block 14 has a surface area of 6,690 km² and is located
Statoil and Rosneft signed a cooperation agreement. The companies have agreed to jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets. The agreement also envisages Rosneft’s acquisition of participating interests in selecte
When all four propeller blades of a 100-meter general cargo vessel were severely bent, a repair was required by the classification society. Hydrex therefore performed a detailed video inspection, followed by a repair while the vessel was berthed in Ghent, Belgium. To make a full assessment of the da
SeaBird has announced solid financial performance in the first quarter of 2012. HIGHLIGHTS – While still a challenging market environment, the first quarter showed signs of improving customer demand. Fleet utilization increased from 60% in the fourth quarter of last year to 65% for the first quarter
ContiTech has achieved another milestone: Its Fluid Technology Oil & Marine segment has been commissioned by the Canadian company Nautilus Minerals Inc. to take part in the world’s first deep-sea mineral resource project, the company announced in Hanover. The undertaking will see natural resources e
EFC Group, a leading designer and manufacturer of controls, handling, instrumentation and monitoring systems for the global oil and gas industry, has announced the successful delivery of two major contracts as well as the regional appointment of a vice president for the Americas. This comes as part
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it is strengthening its technology and engineering competence through two separate transactions. Seaonics AS (“Seaonics”), a subsidiary of STX OSV, is in the p
NOAA’s Fisheries Service is issuing two incidental harassment authorizations to Shell for energy exploration activities in shallow… [mappress] Source: NOAA , May 04, 2012
