Trico Marine Services, Inc. today announced that it has reached an agreement with the Company’s major constituents concerning the process of selling Trico’s remaining Towing and Supply vessels and any related operating assets, in accordance with previous public statements that the Company is exiting
ABB, the leading power and automation technology group, has won several orders collectively worth $42 million to provide power supply infrastructure and equipment for several floating, production, storage and offloading (FPSO) vessels. The vessels will produce crude oil off the coast of Brazil; they
Hyperdynamics Corporation today announced that it signed a non binding Letter of Intent with a large independent oil and gas company and is in a period of exclusive negotiations until January 27, 2011, unless the parties agree otherwise, for a farmout of a portion of its interest in its concession o
AWE Limited reports that at 1100 hours today, the Silvereye-1 exploration well had reached a total depth of 2,318 metres and was preparing to trip out of the hole. Progress for the week was 1,206 metres. No significant shows were encountered and the well will be plugged and abandoned. Silvereye-1 wa
Eni has successfully drilled the Jangkrik 3 well, located in the Muara Bakau permit area in the offshore Borneo of Indonesia. The three wells drilled to date confirm the Jangkrik field as an important gas discovery hosting a volume of gas in place of more than 1.4 Trilion cubic feet (about 250 milli
Engineering and construction company Clough Limited , today announced that Chevron Australia has entered into a contract valued at approximately A$300 million with the Clough Sea Trucks Joint Venture (CSJV) for the Domestic Gas (DOMGAS) scope of work on the Gorgon Project. CSJV is a joint venture be
Geoforce, Inc., one of the world’s leading providers of asset management solutions for the Oil & Gas industry, announced today the launch of GPS equipment tracking services covering offshore and onshore oil and gas operations in West Africa. Geoforce’s award-winning service combines satellite tracki
SeaEnergy PLC is pleased to announce that its 80% subsidiary SeaEnergy Renewables Limited (SERL) has signed an Interim Development Agreement (IDA) with The Crown Estate regarding certain Inch Cape wind farm development activities. The IDA formalises the Heads of Terms agreement announced in Septembe
BG Group has today confirmed that the eleventh well on the BM-S-11 concession in the Santos Basin, offshore Brazil, was successful. The well, designated as 3-BRSA-865A-RJS (3-RJS-677A) and informally known as Tupi W, was drilled at a water depth of 2 139 metres, approximately 275 kilometres off the
CGGVeritas announcedthat it has signed a term sheet with Petrovietnam Technical Services Corporation (PTSC) to create a 2D/3D marine joint venture to operate 2D and 3D marine seismic vessels, primarily in Vietnamese waters. The joint venture will provide seismic data acquisition services for the oil
Environmental bank could start as a fund owing to fears of adding to deficit, says environment secretary Chris Huhne The government’s… (u) [mappress] Source: u, December 16, 2010
Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. , announced today that the Company has completed the acquisition of a 20% interest in offshore exploration Permit PEP 52181, which covers a 42,379-acre area in the main Taranaki oil and gas discovery fairway. PEP 52181, operated by a sub
MEO Australia Managing Director Jürgen Hendrich Discusses Forward Strategy with Openbriefing.com: MEO Australia Limited announced this week that the Artemis-1 wildcat exploration well (WA-360-P, MEO 25%) located in the Carnarvon Basin, offshore Western Australia, failed to find gas. What are the imp
The Apache-operated Van Gogh field is expected to resume production in January, subject to favorable weather conditions. Repairs to the damaged swivel seals on the Ningaloo Vision floating production, storage and offloading vessel were successfully completed. However, further inspections revealed th
