Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. Total investments for 2011 are estimated at $33 billion, reflecting approx
Aker Solutions will announce at the company’s capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market outlook for the oil services industry. The company also maintains its ambitions of 3-4 percentage points EBIT
FMC Technologies, Inc. announced that it has signed an agreement with LLOG Exploration Company, LLC, for the design, manufacture and supply of subsea production systems to support its Who Dat project in the U.S. Gulf of Mexico. The award is valued at approximately $40 million in revenue to FMC. FMC’
Shell and Noble Corporation announce the Gulf of Mexico arrival of the Noble Bully I, a state-of-the-art offshore drilling rig that is designed to raise the bar in terms of safety and performance. The Noble Bully I is the first of two Bully rigs, jointly designed by Shell and Noble, and can be equip
Bumi Armada’s subsidiary, Armada TGT Ltd, signs Facility Agreement with seven financial institutions for facilities totalling USD341.1 million (MYR1.08 billion equivalent) to finance costs related to the conversion and installation of the FPSO Armada TGT 1 for deployment in the Te Giac Trang Field,
AWE Limited (“AWE”) has agreed to sell an 11.25% interest in T/L1 and 2.75% interest in T/18P in the Bass Basin to Toyota Tsusho Gas E&P Trefoil Pty Ltd (“Toyota Tsusho”) for a cash consideration of A$80.125 million. The transaction provides AWE with a more balanced asset portfolio, a very strong ba
This December, the combined daily output of Petrobras its partners exceeded 200,000 barrels of oil equivalent (oil and gas) per day in the Santos Basin, offshore Brazil. On December 6, two days after operations began at well RJS-686, which is connected to platform FPSO Cidade de Angra dos Reis (the
Dockwise has won The Royal Association of Dutch Shipowners’ KVNR Shipping Award for its bowless heavy-cargo ship Dockwise Vanguard. Heavy transport expert Dockwise in cooperation with consulting and engineering company Deltamarin have designed a unique semi-submersible vessel without conventional bo
Paull & Williamsons announced that the long awaited outcome for the offshore industry regarding the Working Time Regulations (WTR) case has come to a conclusion yesterday, December 7. The decision was issued at 9.45am yesterday morning with the leading judgement being given by Lord Hope. The release
During the period 2007 to 2009, the Norwegian Petroleum Directorate (NPD) acquired 2D and 3D seismic data off Lofoten, Vesterålen and Senja (Nordland VII and Troms II). Some lines also extend into Nordland VI. The seismic data is being sold as one data package. The package consists of data from five
Canada’s GeoGlobal Resources Inc. is facing disputes over its stakes in Israeli offshore gas exploration licenses. On Tuesday, Myra and Sarah license holders Modiin Energy LP and Israel Land Development Company Energy Ltd. announced that GGR had not transferred the money by the deadline for the acqu
The Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap ASA a drilling permit for well 25/6-4 S, cf. Section 8 of the Resource Management Regulations. Well 25/6-4 S will be drilled from the Songa Delta drilling rig at position 59°41’10.27’’N 02°53’01.23’’E after the facility has
Baker Hughes reported yesterday that the international rig count for November 2011 was 1,138, down 59 from the 1,197 counted in October 2011, and up 8 from the 1,130 counted in November 2010. The international offshore rig count for November 2011 was 284, down 28 from the 312 counted in October 2011
Russian oil company LUKOIL has prequalified as an operator in Norway’s offshore oil zones, opening the door to licensing rounds which could add to the Russian oil company’s growing international portfolio. “LUKOIL has been prequalified as an operator,” Mette Agerup, assistant director of the Norwegi
