Noble Energy, Inc. announced today a natural gas discovery at the Cyprus Block 12 prospect, offshore the Republic of Cyprus. The Cyprus A-1 well encountered approximately 310 feet of net natural gas pay in multiple high-quality Miocene sand intervals. The discovery well was drilled to a depth of 19,
Bureau of Safety and Environmental Enforcement (BSEE) Director James A. Watson yesterday announced the selection of Margaret N. Schneider as BSEE Deputy Director. Bob LaBelle, who has served as the Acting Deputy Director since October 1, 2011, will now become Science Advisor at the Bureau of Ocean E
Norway based, international oil services group Aker Solutions is about to open North America’s most advanced drilling equipment simulator in Houston, Texas. The simulator will be available to rig operators with the objective of making offshore drilling operations safer and more cost effective. Aker
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turkey was held yesterday in Ankara. During the meeting a wide range of issues were discussed in the field of cooperation between Russia
Endeavour Energy UK Limited, has entered into a purchase and sale agreement to acquire ConocoPhillips’ interest in three producing U.K. oil fields in the Central North Sea for $330 million, including approximately $94 million of tax attributes. Current net production from this asset group is approxi
S. B. Submarine Systems Co (SBSS) announced that DPII vessel Bold Maverick successfully completed a diving support work for an E&P project of Total in Sisi Nubi field, Balikpapan, Indonesia in Nov/Dec 2011. In this work, Bold Maverick was chartered by Hallin Marine to support saturation diving opera
Otto Energy Ltd has executed the final farm‐in agreements supporting BHP Billiton’s earlier decision to enter into Service Contract 55, Offshore Palawan, Philippines. The execution of the final documents follows the previously announced decision by BHP Billiton to exercise their farm‐in option in Ma
Catalist listed, IEV Holdings Limited announced that it commenced a second turnkey decommissioning project for an established oil and gas operator in Malaysia (the “Second Decommissioning Project”), in an addition to the one secured earlier in June 2011. This is pursuant to the receipt of an award o
Polarcus Limited, a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole announces that the Company has received a Letter of Award from an undisclosed client for a 3D seismic acquisition project offsho
COSCO (Dalian) Shipyard Co., Ltd. has secured one contract to convert one Large Crude Carrier Tanker, MT “Sunrise Jewel”, to a Floating Production Storage and Offloading (FPSO) vessel for a Japanese ship-owner. The FPSO for the Japanese ship-owner is designed to operate for 20 years without dry-dock
NIOC announced in a press release that the Development contract of Lavan gas field was signed between Iranian Offshore Oil Company (IOOC) and Energy Sepehr Co. today (27 December 2011) in presence of the Iranian minister of Petroleum, Rostam Ghasemi, and managing director of National Iranian Oil Com
Norway’s Statoil and its partners are considering developing the Skrugard discovery in the Barents Sea by means of a floating production unit with the additional capacity to process and transport from other prospects in the area. A feasibility study has identified a technical and commercial solution
Brazilian Institute of Environment and Renewable Natural Resources last week fined Chevron, operator of the Frade Field situated off the coast of Rio de Janeiro, with $5.4 million penalty for breaching its environmental permit. IBAMA said that the analysis showed Chevron’s failure to comply with the
Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME), the second largest shipbuilder in the world and one of the “Big Three” shipbuilders of South Korea, expects to secure new orders worth roughly $11 billion in 2012, according to Reuters. DSME’s CEO was quoted as saying that the company expects
