Norwegian Energy Company ASA (Noreco) in September 2011 produced 4,017 barrels of oil equivalents (boe) per day. Net realized oil price was USD 106 per boe after adjustments for oil put options, inventory, NGL and gas prices. Production per field (boe): Nini East – 2.537 Nini – 745 Cecilie – 319 Lul
After a series of constructive meetings during the past few weeks, RWE and Gazprom have agreed to continue their talks on a possible joint venture. Alexey Miller, Chairman of the Gazprom Management Committee and Jurgen Grossmann, Chief Executive Officer of RWE AG agreed on this at a working meeting
Dominion announced recently that it has signed the Production Sharing Contract (PSC) for Block L15 in the Lamu Basin, offshore Kenya, giving the Company a 100% working interest and operatorship. The Company previously announced the award of L15 on 1st August 2011 through execution of Heads of Agreem
FPSO OSX-1, the first floating production, storage and offloading unit in OSX’s fleet, arrived today in Rio de Janeiro, successfully completing its journey from Singapore to Brazil. The journey lasted 45 days, as anticipated by the Company. Chartered for OGX for a period of 20 years, the destination
After weeks of planning, Welltec has recently completed the first of potentially many subsurface safety valves (SSSVs) cleaning operations for a major Latin American operator. The first intervention was completed in one run on the 18th of August in a very active well producing 7,500 bpd. On the 19th
The number of young people working on Britain’s offshore oil and gas installations is rising, according to statistics released today (6 October) by the industry trade association Oil & Gas UK. The 2011 Workforce Demographics Report shows a rising trend over the past five years in the overall number
Great Lakes Dredge & Dock Corporation announced Jonathan W. Berger, Chief Executive Officer, will be presenting at the Deutsche Bank Leveraged Finance Conference in Scottsdale, AZ on Thursday, October 13, 2011. The presentation is scheduled to begin at 7:55 a.m. (MT)/10:55 a.m. (ET). About Company G
Golar LNG Limited announced today that it has entered into an agreement to sell the companies that own the floating storage and regasification unit (FSRU) Golar Freeze to subsidiary company Golar LNG Partners L.P. for a price of $330 million. The transaction is expected to close before the end of Oc
Maritime Partner AS secured a contract for delivery of 6 x Alusafe 770 Twin and 6 x G40 Davit systems. The boats will be delivered to STX OSV facilities at Søviknes and Aukra. This version of the Alusafe 770 twin is fitted with 2xYanmar 4JH3 engines connected to Vosper PP-90 waterjets. The twin syst
As a result of geological exploration, Gazprom discovered a new field within the Mynginskaya geological structure in the Kirinsky prospect of the Sakhalin III project. Gas and condensate inflow was reported in the prospecting well during the exploration operations. The well testing will be followed
Cove Energy plc, the AIM quoted upstream oil and gas company focused on East Africa, through its wholly owned subsidiary, Cove Energy Kenya Limited together with its partners, Anadarko Kenya Company a wholly owned subsidiary of Anadarko Petroleum Corporation and Dynamic Global Advisers Kenya Limited
Dublin Port Company has today announced that, following a public tender process, the contract to operate Dundalk Port has been awarded to O’Hanlon & Sons Contractors Ltd. The tender follows the decision by the Minister for Transport, Mr. Leo Varadkar T.D., to transfer ownership of Dundalk Port to Du
World-leading navigational systems provider Kelvin Hughes has announced a one day maritime safety seminar to be held in Athens on Thursday 20 October. ‘Safe Ships, Safer Seas’ will take place at the Apollon Divani Spa Hotel, Vouliagmeni, and is set to be a must-attend event for local shipowners, man
Fort William based subsea training provider, The Underwater Centre, is offering a potential career option to ex-MOD staff through free introductory sessions which could maximise their skills. The Centre specialises in commercial diver and ROV pilot training and past experience has shown that skills
