EMGS CEO Roar Bekker and CFO Svein Knudsen presented the third quarter results at Hotel Continental, Oslo. Highlights in the third quarter 2011: * Total revenues at USD 45.5 million for the quarter * EBITDA of USD 11.9 million * Net income of USD 7.5 million * Contract worth USD 90 million awarded b
Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest. The agreement is subject to approval from Staatsolie Maatschappij Suriname, the state oil company of Suriname. Block 47 lies in a frontier area in the
Well completion hardware has been installed at a depth of 9627 fsw in the Alaminos Canyon area of the Gulf of Mexico by Oceaneering’s Olympic Intervention IV. Completion of the deepwater well, part of Shell’s Perdido Development, demonstrates the light construction capabilities of Oceaneering Intern
Oil and gas engineering specialist, STATS Group, has appointed Vikas Shangari as business development manager for the Middle East as part of a strategy to expand operations across the Gulf Cooperation Council states. STATS Group design, manufacture and install a range of patented technologies used i
Chevron Corporation confirms that cementing operations are taking place as part of its well plugging activities on an appraisal well located in the vicinity of the Frade field offshore Brazil. Chevron also confirms that there has never been any oil flow from the wellhead and current monitoring indi
Shell Oil Company is now producing oil from the world’s deepest subsea well at its Perdido Development, utilizing advanced technology to lead the way in increasing the company’s ability to produce more domestic oil and gas resources. The well, at 9,627 feet below the water’s surface, is located in t
On November 16, a cornerstone was placed at the Püssi substation in Lüganuse where one of the converter stations for the… Kristopher Rikken (err) [mappress] Source: err, November 16, 2011
EMGS will in the fourth quarter of 2011 perform a multi-client 3D magnetotelluric (MT) survey covering approximately 3000 km2 in the Møre basin, Norwegian Sea. The project is pre-funded by a major international oil and gas company. EMGS will rig EM Express (formerly the OHM Express) to undertake thi
The dredger boat, ‘Blue In’, which had anchored in the sea off Sasihitlu coast for conducting dredging activity to facilitate laying… (daijiworld) [mappress] Source: daijiworld, November 16, 2011
Astronauts and oil field workers will share a training facility at NASA’s Johnson Space Center in Houston thanks to a new agreement that takes advantage of excess capacity at the agency’s underwater training pool. Raytheon Technical Services Co. of Dulles, Va., NASA’s contractor for operations at th
The Thousand Islands regency under the Jakarta Provincial Government has been a major tourist destination for the region, attracting … Anuradha Shukla (biztechreport) [mappress] Source: biztechreport, November 16, 2011
Philippine Long Distance Telephone Co. (PLDT) on Wednesday said it has started the construction for a local landing station of a… (bworldonline) [mappress] Source: bworldonline, November 16, 2011
Maersk Drilling has signed a contract with Lundin Norway AS for an ultra harsh environment jack-up rig to carry out subsea field development of the Brynhild Field in Norway. The contract will be for MAERSK GUARDIAN or MÆRSK GIANT to be declared by 1 January 2013. The firm contract duration is for t
Chevron Corporation reiterated that its efforts to respond to oil seeps and a subsequent sheen in the vicinity of its Chevron- operated Frade project have been successful. Since receiving approval from the Brazilian National Agency of Petroleum (ANP) late Sunday, Chevron Brazil immediately commence
