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Business & Finance

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Cosalt Offshore Clinches Shell UK Deal
Business & Finance

Cosalt Offshore Clinches Shell UK Deal

Cosalt Offshore, a provider of lifting, tooling and marine services to the oil and gas industry, is to provide inspection services to Shell at two UK onshore gas processing plants. The three-year contract will involve Cosalt Offshore carrying out inspection and test activities on the sites at St Fer

about 15 years ago
UK Renewable Investment to be Affected by Government Cuts
Business & Finance

UK Renewable Investment to be Affected by Government Cuts

Renewable energy investment in the UK will be hit by government cuts and new proposals for the industry might be anti-competitive and … By Todd Cardy (growthbusiness) [mappress] Source: growthbusiness, March 02, 2011

about 15 years ago
Lundin Receives Consent for Drilling New Well Near Avaldsnes, Offshore Norway
Business & Finance

Lundin Receives Consent for Drilling New Well Near Avaldsnes, Offshore Norway

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/3-4, cf. Section 8 of the Resource Management Regulations. Well 16/3-4 is to be drilled from the drilling facility Bredford Dolphin(image) located at position 58° 48’ 14.5” north 02° 43’ 08.5” east after t

about 15 years ago
Papua New Guinea Government Criticized for Approving First Deep-Sea Mine
Business & Finance

Papua New Guinea Government Criticized for Approving First Deep-Sea Mine

Papua New Guinea’s government is being criticised for approving the world’s first deep-sea mine. Nautilus Minerals, of Canada, was awarded a licence in January to extract gold and copper from the floor of the Bismarck Sea, about 50 kilometres north of Rabaul. The project’s environmental impact state

about 15 years ago
Oil Spotted on Danish North Sea Surface. Maersk Halts Production from Rolf Platform.
Business & Finance

Oil Spotted on Danish North Sea Surface. Maersk Halts Production from Rolf Platform.

Today at 08:18, a helicopter flying between the Maersk Oil operated Gorm and Rolf Field observed oil on the water. Oil production from the Rolf platform was immediately stopped. Maersk Oil has activated its oil spill contingency plan, including 2 x 1,200 metre floating boom barriers which are being

about 15 years ago
Russia: Gazprom, Maersk Officials Eyeing Opportunities to Deepen Offshore Drilling Cooperation
Business & Finance

Russia: Gazprom, Maersk Officials Eyeing Opportunities to Deepen Offshore Drilling Cooperation

The Gazprom headquarters hosted today a working meeting between Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee and Klaus Rud Sejling, Vice President of A. P. Moller-Maersk Group. The parties addressed the opportunities for cooperation deepening to ensure year-round well d

about 15 years ago
Cal Dive Announces Fourth Quarter and Year End 2010 Results (USA)
Business & Finance

Cal Dive Announces Fourth Quarter and Year End 2010 Results (USA)

Cal Dive International, Inc. reported a net loss for fiscal 2010 of $315.8 million and $3.47 per diluted share. This compares to net income of $76.6 million and $.81 per diluted share for fiscal 2009. The 2010 net loss includes $302.5 million ($3.32 per diluted share) in non-cash impairment charges

about 15 years ago
Norway: Havila Shipping Announces Charter Agreements with Statoil
Business & Finance

Norway: Havila Shipping Announces Charter Agreements with Statoil

Statoil has declared the second of three one year options for each of the AHTS vessels Havila Mars and Havila Mercury and the first of two one year options for the RRV vessel Havila Runde. The agreed rates for the optional periods are according to current market level. The firm period for Havila Mar

about 15 years ago
USA: Halliburton Incorporates Drilling Capabilities to Deliver Optimized Drilling Performance
Business & Finance

USA: Halliburton Incorporates Drilling Capabilities to Deliver Optimized Drilling Performance

Halliburton announced today that it has integrated the drilling capabilities of several product service lines (PSLs) to deliver significant drilling performance gains and save operators millions of dollars in well costs. Halliburton’s Optimized Drilling Performance™ approach includes the delivery of

about 15 years ago
Helix Fast Response System Key Factor in Allowing GoM Drilling (USA)
Business & Finance

Helix Fast Response System Key Factor in Allowing GoM Drilling (USA)

The Bureau of Offshore Energy Management, Regulation and Enforcement has approved the first permit to restart deepwater drilling operations in the Gulf of Mexico since the Macondo spill incident, referencing availability of containment solutions like the Helix Fast Response System as a deciding fact

about 15 years ago
Brazil: Petrobras New Well Confirms Good Quality Oil in Iara, Santos Basin
Business & Finance

Brazil: Petrobras New Well Confirms Good Quality Oil in Iara, Santos Basin

Petrobras announces that it has completed the drilling of extension exploratory well 3-BRSA-891A-RJS (3-RJS-682A) located in the Iara Evaluation Plan, in the Santos Basin pre-salt. At a water depth of 2,279m, the well is approximately 230 km off the coast of Rio de Janeiro and 8 km from the explorat

about 15 years ago
OGX Discovers Hydrocarbons in BM-C-41 Block, Campos Basin, Offshore Brazil
Business & Finance

OGX Discovers Hydrocarbons in BM-C-41 Block, Campos Basin, Offshore Brazil

OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today that it has identified the presence of hydrocarbons in the Albian and Aptian sections of well 1-OGX-31-RJS, which is located in

about 15 years ago
USA: Helix Fast Response System Key Factor to First Gulf of Mexico Drilling Permit
Business & Finance

USA: Helix Fast Response System Key Factor to First Gulf of Mexico Drilling Permit

The Bureau of Offshore Energy Management, Regulation and Enforcement has approved the first permit to restart deepwater drilling operations in the Gulf of Mexico since the Macondo spill incident, referencing availability of containment solutions like the Helix Fast Response System as a deciding fact

about 15 years ago
Tap Oil Prepares to Continue Drilling at Zola-1 Prospect, Offshore Western Australia
Business & Finance

Tap Oil Prepares to Continue Drilling at Zola-1 Prospect, Offshore Western Australia

Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b

about 15 years ago
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