Posts Tagged ‘houston-based’

‘Aggressive’ search continues in GoM

by on November 17, 2012 9:45 pm BST
The Houston-based company said in an update on its website that search and rescue efforts have continued "non-stop" since the production platform in West Delta Block 32 exploded and caught fire in about 56 feet of water on Friday morning."US Coast Guard vessels and aircraft, assisted by company personnel,

Helix 534 gets first booking

by on November 12, 2012 11:29 pm BST
The Houston-based service specialist did not elaborate on the customer or contract details, but said the unit would be scheduled to start work late in the second quarter of 2013. Purchased for conversion from Transocean in August, the Helix 534 has Gulf of Mexico work lined up through 2016.Helix's Skandi Constructor

Tullow in talks for Guinea farm-in

by on October 29, 2012 10:41 am BST
Tullow Oil is engaged in exclusive talks for the possible acquisition of a major stake in Hyperdynamics’ contract area off Guinea that could see the UK independent take over operatorship.Cash-strapped Hyperdynamics, which has been seeking to offload part of its 77% stake in the concession amid drilling difficulties,

Surface work drags on FMC

by on October 23, 2012 9:30 pm BST
The Houston-based service specialist reported net income of $98.9 million compared with $121.1 million in the year-ago period."Execution has improved and we expect continued solid performance in the coming quarters," chief executive John Gremp said in a statement."We remain positive on the overall subsea market