KBR announced that it has completed the acquisition of the 44.94 percent share interest in M.W. Kellogg Limited (MWKL) previously held by JGC Corporation . With the completion of the transaction, MWKL, which was previously an affiliate of both companies since 1992, is again a wholly-owned KBR subsid
Acergy S.A . and Subsea 7 Inc. announced that the combination between the parties is expected to be completed on January 7, 2011. In light of this, the following is announced: After completion the new company will be known as Subsea 7 S.A. and the restated Articles of Incorporation approved by Acerg
EnCore Oil plc announces that the Varadero exploration well 28/9-2 located in UK Central North Sea block 28/9 was drilled to a Total Depth of 5,205 feet Measured Depth (M.D.) having successfully encountered excellent quality hydrocarbon bearing reservoir sandstones at 4,020 feet M.D. within the targ
Bounty Oil & Gas NL announces final report on the New Seaclem 1 exploration well in PEP 11, offshore New South Wales. MEC Resources investee company Advent Energy Ltd (Advent) has reported: Final Report Since the last report on 29th December the well was drilled to final depth of 750 metres BRT in a
Deep Down, Inc. , an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced the formation of a new joint venture, Cuming Flotation Technologies, LLC (the “JV”) with an affiliate of York Capital Management (“York”),
Desire Petroleum plc the company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a total depth of 1,697 metres in pre-rift sediments. Based on preliminary drilling and wireline logging data there are no significant hydrocarbons in th
Noble Corporation today reported that Marathon Oil Company has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon’s stated reason for the termination was that the rig had not been accepted by Marathon by December 3
ENTREPRENEUR Tony Trapp is hoping to start securing orders for his latest engineering venture within weeks after impressing potential… By Babette Decker (journallive) [mappress] Source: journallive, January 04, 2011
In connection with a series of articles in December 2010, questions were raised concerning whether Maersk Oil was in compliance with the prevailing guidelines for water sampling and analysis and oil spill reporting. The Danish Environmental Protection Agency subsequently requested a report from Maer
TGS has signed a three year sales, marketing and 2D seismic Cooperation Agreement with Dalmornefte Geophysica Yuzhno- Sakhalinsk (DMNG) in the Arctic region, east and west of the Bering Strait. The Cooperation Agreement includes industry funded 2D operations performed in Russian waters during Q3 201
Lundin Petroleum AB (Lundin Petroleum) completed the exploration well 16/7-9 on the Norall prospect located in Block 16/7, (PL409), in the central part of the North Sea on the Norwegian Continental Shelf. This was the first exploration well in PL409 which was awarded in 2007 as a result of the APA20
Cairn has secured two state of the art dynamically positioned drilling vessels for its 2011 dual rig exploration programme offshore Greenland. The “Leiv Eiriksson”, a fifth generation semi-submersible drilling rig and the “Ocean Rig Corcovado”, a sixth generation drillship, have been contracted to o
Tap Oil Limited (“Tap”) provides the following final report on the Craigow-1 exploration well, offshore Bass Basin between Victoria and Tasmania. Since the last weekly report at 06:00 hours (EST) on 29 December 2010, the well was drilled in 311mm (12 ¼”) hole to a total depth of 1,800 metres and fin
DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and offshore contract drilling oil services, announced today that its 78% owned subsidiary Ocean Rig UDW Inc. successfully took delivery of its newbuilding drillship, the Ocean Rig Corcovado. The Ocean Rig Corcov
