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 the Company has completed a transaction to acquire certain UK North Sea gas interests
There’s no shortage of developments in the US offshore wind power sector these days even though there is still not a single wind turbine generating power off the nation’s eastern coast. Capturing most media attention last week was Deepwater Wind which announced its plans to construct the Deepwater W
There’s no shortage of developments in the US offshore wind power sector these days even though there is still not a single wind turbine generating power off the nation’s eastern coast. Capturing most media attention last week was Deepwater Wind which announced its plans to construct the Deepwater W
Petrofac, the international oil & gas facilities service provider, issues the following pre-close trading update ahead of the announcement of its audited results for the year ending 31 December 2010, expected to be on 7 March 2011. * Net profit for the year expected to be in line with expectations f
Suncor Energy Inc. announced today its plans to increase production to more than one million barrels of oil equivalent per day by 2020, beginning with the company’s 2011 capital spending plans. Over the next ten years, Suncor is targeting oil sands production growth of approximately 10% per year and
Valiant Petroleum plc to announce that it has completed the refinancing of its existing senior and subordinated debt facilities into a five-year, US$335 million Senior Secured Borrowing Base Facility (the “Facility”) after receiving credit approved commitments in excess of US$400 million. The transa
15,000 MW of cumulative installations; 10,500 turbines; covering over 1,800 customers across 25 countries Accounts for nearly nine per cent of the world’s total wind installations@ Capacity can generate enough green energy to power more than thirteen million households annually Offsets ~27 million t
The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for wellbore 6305/9-2, cf. Section 8 of the Resource Management Regulations. Wellbore 6305/9-2 will be drilled from the Aker Barents drilling facility (photo) at position 63°26’ 51.86”N and 5°54’ 53.37”E fol
Statoil Petroleum AS, operator of production licence 269, has completed the drilling of wildcat well 35/1-2 S. The well was dry. The well is located about twelve kilometres west of the earlier Peon discovery in the North Sea. The purpose of the well was to prove petroleum in early Jurassic reservoir
Petrobras announces the discovery of light oil in sandstones reservoirs of the post-salt section of Espírito Santo Basin. This new discovery was the result of the drilling of well 1-BRSA-882-ESS, informally referred to as Indra, and is located in the BM-ES-32 (Block ES-M-594) Exploratory Concession.
Chevron Corporation announced it has sanctioned development of its $4 billion Big Foot project in the deepwater U.S. Gulf of Mexico. “Sanctioning Big Foot underscores our commitment to the Gulf of Mexico and will contribute to future U.S. energy supply,” said George Kirkland, vice chairman, Chevron
The amount refers to newly awarded contracts for activities to be carried out between 2011 and 2014, in the Gulf of Mexico, and in Kazakhstan, alongside other works in the North Sea and Azerbaijan. It also includes increases in the scope of work on existing offshore contracts. In the US sector of th
FMC Technologies, Inc. announced today that it has signed an agreement with Norske Shell for the manufacture and supply of subsea production equipment for the Ormen Lange development project in the North Sea . The award has a value of approximately $95 million in revenue. FMC’s scope of supply inclu
On 15 December Statoil signed an agreement with Marathon to acquire their 20% interest in the Gudrun project, and their 12.5% interest in the Eirin discovery in the Sleipner area. Statoil increases its holding from 55% to 75% in production licences 025 and 187 in the North Sea. The licences cover th
