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Business & Finance

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Emerging Economies to Lead Energy Growth to 2030 and Renewables to Out-Grow Oil, Says BP Analysis
Business & Finance

Emerging Economies to Lead Energy Growth to 2030 and Renewables to Out-Grow Oil, Says BP Analysis

World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. BP’s ‘bas

about 15 years ago
Nexans Completes Power Cable Contract for Ras Laffan Port Expansion Project in Qatar
Business & Finance

Nexans Completes Power Cable Contract for Ras Laffan Port Expansion Project in Qatar

Nexans, the worldwide leader in the cable industry, has successfully completed a multi-million Euros, two-year, contract, for CCC (Consolidated Contractors Company S.A.L. (Offshore)-Teyseer Contracting Company W.L.L.-JV) based in Abu Dhabi, to supply power cables for the Ras Laffan Port Expansion pr

about 15 years ago
Lundin Petroleum Wins Ten Licences in Norwegian Licensing Round
Business & Finance

Lundin Petroleum Wins Ten Licences in Norwegian Licensing Round

Lundin Petroleum AB announces that its wholly owned subsidiary Lundin Norway AS has been awarded ten exploration licence interests in the 2010 Norwegian Licensing Round, (Awards in Predefined Areas, APA). The awarded licences include two licences in the Greater Luno Area and one licence in the Great

about 15 years ago
Faroe Petroleum Bags Three New Licenses in Norwegian North Sea
Business & Finance

Faroe Petroleum Bags Three New Licenses in Norwegian North Sea

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is announces that it has been offered three new prospective licences in the Norwegian Sea under the 2010 Norwegian APA Li

about 15 years ago
Norway: New Exploration Acreage For Statoil
Business & Finance

Norway: New Exploration Acreage For Statoil

Statoil has been awarded interests in 11 production licences on the Norwegian continental shelf (NCS) yesterday, 18 January. Statoil is operator for eight of these licences. “We’re very pleased with this year’s awards,” says Gro Gunleiksrud Haatvedt, Statoil’s senior vice president for exploration o

about 15 years ago
Brazil: Petrobras Completes Production Testing of Maruja-1 Exploration Well
Business & Finance

Brazil: Petrobras Completes Production Testing of Maruja-1 Exploration Well

Petrobras achieves an equipment constrained production test oil flow rate of 6142 stb/d through a 5/8 inch choke from the Maruja-1 Exploration Well during the clean-up flow period. Karoon advises that production testing of the Maruja-1 exploration well is complete. Since the last report on 17 Novemb

about 15 years ago
UK: Northern Offshore Bags Contract for Jackup Energy Enhancer With Perenco
Business & Finance

UK: Northern Offshore Bags Contract for Jackup Energy Enhancer With Perenco

Northern Offshore, Ltd. announced today that its subsidiary, Northern Offshore U.K. Limited, was awarded a contract with Perenco UK Limited (“Perenco”) for the jackup Energy Enhancer. The contract covers two well abandonments on the Welland Field in the UK Southern North Sea, and is scheduled to com

about 15 years ago
Falkland Oil and Gas Limited Announces Exploration Update
Business & Finance

Falkland Oil and Gas Limited Announces Exploration Update

FOGL, the oil and gas exploration company announces an exploration update with respect to its licence interests offshore the Falkland Islands and in particular to its 100% owned and operated southern licences. FOGL also holds a 49% interest in licences collectively referred to as the northern licenc

about 15 years ago
Norway: AHTS KL Sandefjord Delivered to K Line Offshore AS
Business & Finance

Norway: AHTS KL Sandefjord Delivered to K Line Offshore AS

Anchor Handling Tug Supply Vessel KL Sandefjord was recently successfully delivered to K Line Offshore AS from the building yard STX OSV, Langsten. With its 34.000 BHP and a bollard pull of 390 tons she is the strongest AHTS in the world. After installation and testing of A-frame in Kristiansand, sh

about 15 years ago
Maersk Oil Awarded Licence in Norway
Business & Finance

Maersk Oil Awarded Licence in Norway

Maersk Oil announces it has been awarded a licence in the Norwegian North Sea as a result of the latest APA Licensing Round. The licence is a geographical extension of Licence PL501, where operator Lundin and partners Statoil and Maersk Oil made the recent Avaldsnes discovery, into blocks 16/3 and 1

about 15 years ago
BP to Use AGR DS’s Riserless Mud Recovery System Offshore Azerbaijan
Business & Finance

BP to Use AGR DS’s Riserless Mud Recovery System Offshore Azerbaijan

BP has signed a new, 12-month contract with AGR Drilling Services, potentially worth NOK110m,(USD$19,8 million). The contract is for AGR DS’s Riserless Mud Recovery system (RMR®)(image), which enables operators to drill top-holes more safely, quickly and cleanly. BP will use the technology from the

about 15 years ago
Norway: Spring Energy Wins 5 Licenses in the APA 2010 Round
Business & Finance

Norway: Spring Energy Wins 5 Licenses in the APA 2010 Round

As announced by the Norwegian Ministry of Petroleum and Energy on 18 January 2011, Spring Energy has been awarded 5 licenses in the APA 2010 Round, which includes 2 licenses where the Company is an operator for the first time. Both the operated licenses are located in the Norwegian Sea. Spring Energ

about 15 years ago
USA: Atwood Oceanics, Inc. Announces New Vice President, Operations
Business & Finance

USA: Atwood Oceanics, Inc. Announces New Vice President, Operations

Atwood Oceanics , Houston-based International Drilling Contractor ,announces that effective February 1, 2011 Mr. Arthur McGinnis (“Mac”) Polhamus will be appointed Vice President, Operations and will be the principal operating officer of the Company. Mr. Polhamus comes to Atwood after nearly 16 year

about 15 years ago
Tap Oil Provides Zola-1 Exploration Well Update
Business & Finance

Tap Oil Provides Zola-1 Exploration Well Update

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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