OGX Petróleo e Gás Participações S.A. , the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced that it has identified the presence of hydrocarbons in the Albian section of well 1-OGX-17A-RJS, located in the BM-S-56 block, in the shallow wate
Oil services firm OEG Offshore (OEG) is celebrating a successful first exhibition at the Offshore Energy Conference in the Netherlands. The Aberdeen-based firm – which specialises in the design, build and rental of cabins and cargo-carrying units for the offshore oil and gas market – was one of more
Vagit Alekperov, OAO LUKOIL President, met today with Joseph Oteng-Adjei, Minister of Energy of the Republic of Ghana, members of a delegation of the Cabinet of Ministers of the Republic and also with heads of Ghana National Petroleum Corporation at OAO LUKOIL headquarters in Moscow. The parties dis
DEO Petroleum has acquired a part share in the North Sea assets of Nexen Petroleum in a deal worth £10.5 million. By TERRY MURDEN (The Scotsman) [mappress] Source:The Scotsman , October 8, 2010;
Rig utilisation in the third quarter of 2010 was 80 per cent. Safe Lancia was in operation in Mexico until 6 August and commenced a new contract in Mexico on 19 August. Safe Caledonia was in operation until mid-September. Safe Concordia and Safe Astoria were idle in the third quarter. All other eigh
Antrim Energy Inc. announced it has signed an agreement with Premier Oil UK Limited to jointly explore development options for the Fyne Area located in the UK Central North Sea. Under the terms of the agreement, Premier will pay an initial consideration of US$2 million to Antrim, and will have the o
Afren plc announces that the Scheme of Arrangement relating to the Acquisition of Black Marlin Energy Holdings Limited by Afren plc received BVI court approval on 6th October 2010 and that the Acquisition completed on the 7 October 2010. Pursuant to the Acquisition, 76,776,096 ordinary shares in the
Keppel Offshore & Marine Ltd (Keppel O&M) has delivered the P-57 Floating Production Storage and Offloading (FPSO) vessel to SBM Offshore N.V. (SBM) early, within budget and safely. Spanning 311 metres long by 56 metres wide, or almost three football fields, P-57 is one of the largest Brazilian FPSO
Nigerian Agip Exploration Limited has exercised the first of two 12-months extension options for Abo FPSO. The extension will be effective from early April 2011. The gross value is approximately USD 30 million. About Prosafe Production Prosafe Production is one of the world’s leading FPSO contractor
After having developed the concept and basic design for Heerema’s new monohull vessel, Ulstein Group´s Dutch based design company, Ulstein Sea of Solutions (USOS), has now also been awarded the further engineering of the vessel with the selected shipyard, DSME of South Korea. In February 2010, USOS
Vessel utilization is defined as the percentage of the full quarter where the vessel is in paid work either in the form of acquisition, mobilization, demobilization, steaming, standby or other. The vessel utilization for the 9 seismic vessels operated by SeaBird for Q3 2010 was 66%, down from 76% in
Aker Solutions has signed three subsea contracts with Shell Offshore Inc for deliveries to the operator’s Popeye and Europa fields in the Gulf of Mexico. Contract values are undisclosed. Under the contracts, Aker Solutions will in total deliver approximately 40 km (25 miles) of electro-hydraulic ste
ExxonMobil, on behalf of the Marine Well Containment Company (MWCC), announced the award of a contract to Technip for front-end engineering and design of underwater well-containment equipment. This equipment, when complete, will be used by the MWCC to provide emergency response services in the U.S.
Business Plan 2011-2013 focuses on three strategic vectors: a reduction in the Cost of Energy (CoE), growth and improved efficiency. * Steady recovery in the EBIT margin (WTG), to 6%-7% in 2013. * Orders will provide a solid foundation for growth: backlog of 7,500 MW (including framework agreements)
