Iranian Offshore Engineering and Construction Company (IOEC) says phases 17 & 18 of the South Pars gas field will be operational until September 2012. “The phase 17 is scheduled to become operational in July and the phase 18 of the South Pars gas field will be launched in September 2012,” IOEC manag
Seadrill has been issued a letter of award by Hess Equatorial Guinea, Inc. to enter into an eight well drilling contract offshore Equatorial Guinea for the semi-tender rig West Esperanza. The anticipated contract duration is a minimum of 18 months, with corresponding potential revenues of approximat
Renaissance Services SAOG has announced that its Board of Directors has approved the raising of up to Rial 50 million (USD 130 million) of additional capital through a quasi-equity instrument, subject to regulatory provisions and the shareholders’ approval. The offering will be open to current share
Cairn has successfully completed the first phase of the exploration campaign in Sri Lanka Block SL-2007- 01-001. The exploration programme involved the acquisition, processing and interpretation of 1,753 sq km of 3D seismic data and a three well deep water drilling programme. The seismic programme e
Reuters today cited Thailand’s PTT Pcl company as saying that the Yetagun gas field located in the Andaman Sea offshore Myanmar (Burma) will be shut for nine days for annual maintenance operations. The works are expected to be conducted between December 29 and January 6. First gas from Yetagun offsh
Karoon is receiving tenders for the provision of a drilling rig for a minimum of two wells in the Tumbes Basin Block Z-38. The likely timing for the commencement of drilling is expected to be the end of 2012 and Karoon said it would keep the market informed when a rig is secured. Karoon is […
Bass Strait Oil Company Ltd, a specialist petroleum explorer focused exclusively on southeast Australia, announced recently its forward exploration program fot its assets in the offshore Gippsland Basin and the offshore Bass Basin Gippsland Basin The company holds interests in four offshore permits
Petrobras’ average oil production in Brazil grew 3% in November compared to October reaching 2,060,695 barrels of oil per day (bpd). The increase is mainly due to new wells in P-57 (Jubarte), P-56 (Marlim Sul), FPSO-Angra dos Reis (Lula) coming into production and Extended Well Testing (EWT) in nort
A Japanese oil company INPEX CORPORATION (“INPEX”) announced today that it has made the final investment decision on the Coniston oil field. Coniston is located in the Coniston Unit (the “Unit”), which is the unitization area of parts of WA-35-L (excluding the Van Gogh Defined Area) and WA-44-R loca
Grandweld Shipyards has secured contract to design, build, and deliver three 33.5M fast aluminum crew boats for Zamil Offshore. The contract was signed by Mr. Sufyan Al Zamil, President of Zamil Offshore, and Mr. Jamal Abki, General Manager of Grandweld Shipyards last week. The 33.5M fast crew boats
China Oilfield Services Limited （“COSL”）on Friday announced that COSL4 platform has recently received a Safety Production Award in the year-end safety conference hosted by a Mexican state-owned petroleum company PEMEX for its track record of having 1,456 days of zero-event operation. Over the years,
On or about November 7, 2011, an oil leak occurred in the vicinity of a development well being drilled by Chevron off the coast of Rio de Janeiro in the Frade field with a semisubmersible drilling rig, the SEDCO 706, owned by a subsidiary of Transocean. The incident involved the release of hydrocarb
Viking Supply Ships AS daughter company Trans Viking Icebreaking & Offshore AS (“TVIO”) has agreed to an addendum to the charter party with the Swedish Maritime Administration (“SMA”) which gives TVIO an option to end the contract for Vidar Viking, one of the Company’s three Icebreakers/AHTS-vessels
Shell yesterday confirmed the oil leak from the Bonga facility off the coast of Nigeria has largely dispersed. The news comes five days after less than 40,000 barrels of oil leaked during a routine operation to transfer of oil from Bonga’s floating production, storage and offtake (FPSO) vessel to an
