Polarcus Limited announces that the Company will commence acquisition in Q2 2011 of its first 3D multi-client project, in Quad 28 of the UK Continental Shelf. The survey, with the potential to cover an area of up to 2,000 square kilometers, is supported through industry pre-funding. The data will be
A government-backed natural resources exploration agency launched a 6,100-ton ship at a Yamaguchi Prefecture shipyard Wednesday to search… (istockanalyst) [mappress] Source: istockanalyst , March 24, 2011;
The blowout preventer that should have stopped the BP oil spill cold failed because of faulty design and a bent piece of pipe, a testing … By HARRY R. WEBER and MICHAEL KUNZELMAN (The Associated Press) [mappress] Source: AP, March 24, 2011;
BG Group announced that Lord Sharman will be retiring from the Board at the conclusion of the Company’s Annual General Meeting to be held on 12 May 2011. Commenting, BG Group’s Chairman, Sir Robert Wilson said: “I would like to express the Board’s thanks and appreciation for Lord Sharman’s support a
Aker Solutions has been awarded a contract by ConocoPhillips, for modification work on the Eldfisk field. Contract value is approximately NOK 1, 3 billion. The work scope comprises modifications of all the existing platforms; Eldfisk 2/7 A, Eldfisk 2/7 FTP, Eldfisk 2/7 B and Embla, as a consequence
Viktor Lenac has recently completed the conversion and repair of the crane-pipe laying vessel “Seminole“, owned by Italy’s Subsea Oil Services (part of Micoperi Srl from Ravenna). The shipyard built and outfitted a complete new superstructure weighing some 450 tons, including accommodations for 250
Oil and gas well performance and downhole tool specialist, READ Well Services, has divided its operations in to two sister companies and appointed an additional chief executive officer. READ Expandables Ltd will focus on developing the company’s expandable well integrity and downhole isolation produ
Chancellor George Osborne today delivered the 2011 Budget, which for the UK’s Green Economy included two key announcements: 1) Green Investment Bank (GIB) – the GIB will launch next year (2012) backed by £3b funding; £1b of Government funding and a further £2b raised from asset sales. The initial £3
Chancellor George Osborne today delivered the 2011 Budget, which for the UK’s Green Economy included two key announcements: 1) Green Investment Bank (GIB) – the GIB will launch next year (2012) backed by £3b funding; £1b of Government funding and a further £2b raised from asset sales. The initial £3
The Bua Ban North A-02 exploration well was drilled to a depth of 8,100 feet into an upthrown fault block adjacent to the recent discovery in the Bua Ban North A-01 well. The A-02 well encountered 205 feet of net sand in the Eocene interval with 16% average porosity. The Eocene interval in the A-02
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a fourth deepwater drilling permit that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to demo
OceanWorks announces the formation of a mutually supportive relationship with Velocious Australia Pty. Ltd. The formal agreement allows both companies to expand capabilities and resources through the global sharing of experience and complimentary opportunities, with both companies already enjoying f
AVEVA , a leader in engineering design and information management solutions for the plant, power and marine industries, today announced a significant new contract win with Hyundai Heavy Industries (HHI), further increasing its investment in AVEVA solutions. HHI has fully utilised AVEVA solutions sin
The Norwegian Petroleum Directorate has granted Total E&P Norge AS a drilling permit for well 7225/3-1, cf. Section 8 of the Resource Management Regulations. Well 7225/3-1 will be drilled from the West Phoenix drilling facility at position 72o 54´ 58.35″ north and 25o 52´ 02.70″ east. The drilling p
