Kosmos Energy today announces that the company has inaugurated oil production from its $3.3 billion world-class Jubilee Field development offshore the Republic of Ghana. Kosmos and its partners today are participating in a formal celebration to commemorate first oil hosted by His Excellency John Att
ALLEN & Overy (A&O), Watson Farley & Williams (WFW) and White & Case bagged roles on what is reported to be the largest-ever financing for… By Andrew Pugh (istockanalyst) [mappress] Source: istockanalyst, December 15, 2010
Amberjack Pipeline Company LLC, a joint venture between Chevron Pipe Line Company and Shell Pipeline Company LP, today announced approval to install a 136-mile (219 km), 24-inch (61 cm) crude oil pipeline from the Jack and St. Malo fields in the deepwater U.S. Gulf of Mexico to a Shell-owned and ope
BP announced today that it has entered into an agreement to sell almost all of its exploration and production assets in Pakistan to United Energy Group Limited (UEG). UEG will pay BP a total of $775 million in cash for these assets which consist of nine producing and exploration blocks in Sindh prov
Pride International, Inc. today announced that the company has reached agreement with Samsung Heavy Industries, Ltd. (SHI) for the construction of a fifth ultra-deepwater drillship, further expanding the company’s ultra-deepwater fleet size and drilling capabilities. Consistent with the company’s pr
Vantage Drilling Company announced today a contract award for a drilling program in Southeast Asia consisting of two wells plus an option well. The anticipated duration of the first two wells is fourteen months. The contract is anticipated to commence in the third quarter 2011 utilizing the Topaz Dr
Siem Offshore has entered into an agreement for the sale of the 2007 built PSV ‘Siem Mollie’. PSV ‘Siem Mollie’ of VS 470 mk II design has been sold to an Asian buyer at a price of approx USD 32 million. The vessel is scheduled to be delivered to its new owner within December […]
In 2010 Statoil started production on three new fields, delivered a plan for development and operation (PDO) of two new fields and chose concepts for two of our main improved recovery projects. Statoil’s strategy is to maximise the value on the Norwegian continental shelf (NCS), and its goal is to m
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced early steps in an implementation strategy for the Offshore Helicopter Safety Inquiry Phase I Report Recommendations. The report contains 29 recommendations. The C-NLOPB completed its review and accepts 27 of the 29 rec
Vantage Drilling Company announced that the ultra-deepwater drillship, the Platinum Explorer, has recently set sail from Singapore and is currently enroute to India to commence a five year contract with Oil & Natural Gas Corporation Limited. The Platinum Explorer is expected to arrive in India on De
Buccaneer Energy Limited advises that due diligence investigations by the Alaskan Industrial and Development Export Authority (“AIDEA”) in respect to AIDEA making a direct equity participation with the Company’s wholly owned subsidiary Kenai Offshore Ventures, LLC (“Kenai Offshore”) continue to prog
Bounty Oil & Gas NL (“Bounty”) is pleased to announce that the “Ocean Patriot” semi submersible drill rig has been positioned at the New Seaclem 1 location, fixed with 8 anchors and has ballasted down. All operations have proceeded smoothly aided by calm seas. The well will be spudded later today; 2
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or “the Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that it plans to drill a second production well on the Jacky fi
Statoil has decided to install a new compressor module on the Kristin platform together with the Kristin and Tyrihans licence owners. The module will increase recovery from the field. “The investment decision will result in increased reserves and accelerated production, prolonging the lifetime of th
