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Business & Finance

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USA: WesternGeco Commences Industry’s First Dual Coil Shooting Survey
Business & Finance

USA: WesternGeco Commences Industry’s First Dual Coil Shooting Survey

WesternGeco announced today that it has begun the acquisition of the Revolution multiclient survey. Revolution marks the first time that Dual Coil Shooting* multivessel full-azimuth acquisition has been performed commercially in the industry worldwide. Located in the East Breaks and Garden Banks are

about 16 years ago
Desire Petroleum Drills Duster In North Falkland Basin
Business & Finance

Desire Petroleum Drills Duster In North Falkland Basin

Desire Petroleum plc, the oil and gas company wholly focussed on the North Falkland Basin, advises that the 14/15-1 well on the Rachel prospect has reached a total depth of 2,877 metres. Initial wireline logging shows that no hydrocarbons have been found. However a substantial thickness of sandstone

about 16 years ago
Russia: Investment Decision Preparation on Shtokman Phase 1 Meets Schedules
Business & Finance

Russia: Investment Decision Preparation on Shtokman Phase 1 Meets Schedules

Gazprom’s headquarters hosted a working meeting moderated by Alexey Miller and devoted to development of the Shtokman gas and condensate field. Participating in the meeting were heads and experts of Gazprom’s structural subdivisions, subsidiaries and Shtokman Development AG. The meeting participants

about 16 years ago
Norway: NPD Provides More Exploration Drilling Data
Business & Finance

Norway: NPD Provides More Exploration Drilling Data

Since 2001, the Norwegian Petroleum Directorate has published an extensive database from more than 1000 exploration wells on the Norwegian shelf. The WDSS (well data summary sheets) for these exploration wells on the Fact Pages contain a lot of well-related information and data that are no longer co

about 16 years ago
EMGS Awarded Shallow Water Survey in Asia Worth $2.5 Million
Business & Finance

EMGS Awarded Shallow Water Survey in Asia Worth $2.5 Million

Electromagnetic Geoservices ASA has been awarded a shallow water survey in Malaysia worth more than USD 2.5 million by a major oil company. These contract revenues will be recognised in the fourth quarter of 2010. The 3D EM survey is currently underway using the vessel BOA Galatea. About EMGS EMGS,

about 16 years ago
Australia: MEO Receives US$39 million Cash Consideration from Petrobras
Business & Finance

Australia: MEO Receives US$39 million Cash Consideration from Petrobras

MEO Australia Limited confirms receipt this afternoon of approximately US$39 million cash consideration from Petrobras in relation to the WA-360-P farm-in. The cash consideration incorporates approximately US$7.5 million of seismic related back costs, together with the first US$31.5 million cash bon

about 16 years ago
Baker Hughes Awarded Eight-Year ESP Contract in Ecuador Worth $137 million
Business & Finance

Baker Hughes Awarded Eight-Year ESP Contract in Ecuador Worth $137 million

Baker Hughes announced today it was awarded a $137-million, eight-year contract extension from Repsol for the exclusive supply and maintenance of electrical submersible pumping (ESP) systems in Ecuador’s Block 16 and Tivacuna production areas. The award covers 200 wells in which Repsol requires ESP

about 16 years ago
Brazil: Shell Launches Phase II of Parque das Conchas Project
Business & Finance

Brazil: Shell Launches Phase II of Parque das Conchas Project

Shell today announces investment to support phase II of the prolific Parque das Conchas (BC-10) project more than 100 kilometres (62 miles) off the coast of Brazil. This significant investment develops the fourth field in the BC-10 block and continues a successful wave of production growth in Shell’

about 16 years ago
The Netherlands: SBM Offshore Completes Delivery of Semi Submersible Rig LONE STAR
Business & Finance

The Netherlands: SBM Offshore Completes Delivery of Semi Submersible Rig LONE STAR

The semi submersible drilling rig “Lone Star” has been delivered and handed over to their client Queiroz Galvão Perfuraçoes S.A. offshore Abu Dhabi on 13 October 2010. The rig is the first out of a series of three semi submersible drilling rigs which the Company will supply to Brazilian clients. Del

about 16 years ago
APM Terminals Signs Monrovia Concession (Liberia)
Business & Finance

APM Terminals Signs Monrovia Concession (Liberia)

The Hague, Netherlands – APM Terminals has signed a 25‐year concession agreement for the operation of the Port of Monrovia in Liberia, having been named the preferred bidder for the port management and modernization project last March. The now formalized agreement for the port’s privatization will r

about 16 years ago
Irish urged to put their money where their potentials are
Business & Finance

Irish urged to put their money where their potentials are

Ireland must take advantage of the UK’s plans to develop invest up to €60bn on offshore wind projects in the Irish and Celtic Seas,… By Rachel Neliigan (insideireland) [mappress] Source: insideireland, October 15, 2010;

about 16 years ago
Malaysia: Technip Finalizes Agreements with MISC and MHB
Business & Finance

Malaysia: Technip Finalizes Agreements with MISC and MHB

Technip announces today that it has finalized its agreements with MISC Berhad and Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), two companies within Malaysia’s national oil corporation, Petroliam Nasional Berhad (PETRONAS), to establish their long-term collaboration. As previously ann

about 16 years ago
Warwick Energy hits opposition from Norfolk residents (UK)
Business & Finance

Warwick Energy hits opposition from Norfolk residents (UK)

The Warwickshire firm hoping to build a £1.3 billion offshore wind farm off the coast of Norfolk has encountered a major setback following… By Anna Blackaby (birminghampost) [mappress] Source: birminghampost, October 15, 2010;

about 16 years ago
Warwick Energy hits opposition from Norfolk residents (UK)
Business & Finance

Warwick Energy hits opposition from Norfolk residents (UK)

The Warwickshire firm hoping to build a £1.3 billion offshore wind farm off the coast of Norfolk has encountered a major setback following… By Anna Blackaby (birminghampost) [mappress] Source: birminghampost, October 15, 2010;

about 16 years ago
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