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Business & Finance

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Finland: Wartsila Introduces New More Powerful Version of Its Wartsila 32 Engine
Business & Finance

Finland: Wartsila Introduces New More Powerful Version of Its Wartsila 32 Engine

Wärtsilä, the marine industry’s leading solutions provider, has introduced a more powerful version for marine applications of its popular Wärtsilä 32 engine. First introduced in the 1980s, and with more than 4000 units sold to the marine industry alone, the Wärtsilä 32 engine has proven to be a high

about 15 years ago
Petrofac Awarded US$280 Million Offshore Contract by Petronas in Malaysia
Business & Finance

Petrofac Awarded US$280 Million Offshore Contract by Petronas in Malaysia

Petrofac, the international oil & gas facilities service provider, has been awarded a contract by Petronas Carigali Sdn Bhd for the development of the SEPAT offshore early production system on the East coast of Peninsular Malaysia. The contract, which is valued at approximately US$280 million, was a

about 15 years ago
Australia: New Seaclem 1 Well Off NSW Shows No Hydrocarbons Yet
Business & Finance

Australia: New Seaclem 1 Well Off NSW Shows No Hydrocarbons Yet

Bounty Oil & Gas NL (“Bounty”) announces progress report on the New Seaclem 1 well in PEP 11, offshore New South Wales. MEC Resources investee company Advent Energy Ltd (Advent) has reported: Progress since Last Report The well was spudded at 00.00 hours AEST 15 December 2010 and drilled the 9 7/8″

about 15 years ago
Norway: Bergen Oilfield Services Wins North Sea 3D Acquisition Contract
Business & Finance

Norway: Bergen Oilfield Services Wins North Sea 3D Acquisition Contract

Bergen Oilfield Services AS (BOS) is delighted to announce that we have signed a contract with LOTOS Exploration and Production Norge AS, acting as Operator on behalf of the License Group in PL 503, of a 1563 sqkm acquisition program of 3D Seismic Data in the area of PL 503 in the southern part of [

about 15 years ago
Lundin Petroleum Completes The Sale of Its Salawati Interests in Indonesia
Business & Finance

Lundin Petroleum Completes The Sale of Its Salawati Interests in Indonesia

Lundin Petroleum AB has completed the sale of its non-operated interests in the Salawati Basin and Island assets, located in the eastern part of Indonesia, to RH Petrogas (“RHP”). Lundin Petroleum and RHP, a company listed on the Singapore Stock Exchange (“SGX”), completed the transaction on 29 Dece

about 15 years ago
USA: Tidewater to Present at the Pritchard Capital Partners Energize 2011 Conference
Business & Finance

USA: Tidewater to Present at the Pritchard Capital Partners Energize 2011 Conference

Tidewater Inc. announcedthat Joseph M. Bennett, Executive Vice President and Chief Investor Relations Officer, will present at the Pritchard Capital Partners Energize 2011 Conference in San Francisco, California on Wednesday, January 5, 2011, at approximately 9:45 a.m. Pacific time. The presentation

about 15 years ago
Noble Energy Announces Significant Discovery at Leviathan Offshore Israel
Business & Finance

Noble Energy Announces Significant Discovery at Leviathan Offshore Israel

Noble Energy, Inc. announced a significant natural gas discovery at the Leviathan exploration prospect offshore Israel. Drilled in the Rachel license, the well encountered a minimum of 220 feet (67 meters) of net natural gas pay in several subsalt Miocene intervals. Apparent reservoir quality is ver

about 15 years ago
Petrobras Announces Commerciality of Tupi and Iracema Offshore Brazil
Business & Finance

Petrobras Announces Commerciality of Tupi and Iracema Offshore Brazil

Petrobras, as the operator of Block BMS-11, located in the Santos Basin, announces that it submitted today the Declaration of Commerciality of the oil and gas accumulations in the Tupi and Iracema areas to the National Petroleum Agency (ANP). In the proposal submitted to the ANP, the names suggested

about 15 years ago
Norway: STEP Offshore Wins Mud Mixing Equipment Contract with STX Offshore & Shipbuilding
Business & Finance

Norway: STEP Offshore Wins Mud Mixing Equipment Contract with STX Offshore & Shipbuilding

STEP Offshore, a wholly-owned subsidiary of Aker Solutions, has won a contract from South Korea’s STX Offshore & Shipbuilding Co., LTD (“STX”) to supply equipment for a new, dynamically positioned ultra-deepwater Globetrotter-class drillship(image). The owner of the ship is Noble Corporation. STEP O

about 15 years ago
SeaEnergy Signs Three Moray Firth Milestone Agreements (UK)
Business & Finance

SeaEnergy Signs Three Moray Firth Milestone Agreements (UK)

Renewable energy developer SeaEnergy plc said its Moray Offshore Renewables Ltd joint venture has signed three milestone agreements to… (ibtimes) [mappress] Source: ibtimes, December 29, 2010

about 15 years ago
UK: Ithaca Energy Inc. Completes Second Well Workover on Beatrice Alpha
Business & Finance

UK: Ithaca Energy Inc. Completes Second Well Workover on Beatrice Alpha

Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited, an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that stable production from the second workover well (A23) on Beatrice Alpha has increased

about 15 years ago
Brazil: Repsol Completes $7.1 Billion Capital Increase Subscribed by Sinopec
Business & Finance

Brazil: Repsol Completes $7.1 Billion Capital Increase Subscribed by Sinopec

Repsol and Sinopec today successfully closed the agreement reached in October to jointly develop the exploration and production of its Brazil offshore assets and to create one of the Latin America’s largest private energy companies. After obtaining the necessary authorizations from the authorities o

about 15 years ago
PSA Gives Go-ahead For Manned Underwater Ops Offshore Norway
Business & Finance

PSA Gives Go-ahead For Manned Underwater Ops Offshore Norway

The Petroleum Safety Authority Norway (PSA) has granted consent to perform manned underwater operations in 2011 within the framework of a joint operations agreement for underwater services between ExxonMobil, Gassco and Statoil. The planned activities in 2011 include e.g. work on the Statfjord C (ph

about 15 years ago
Australia: Tap Oil Provides Zola-1 Drilling Update
Business & Finance

Australia: Tap Oil Provides Zola-1 Drilling 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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