(Bloomberg) – Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, will miss this year’s production target because of safety work on offshore rigs. Petrobras, as the company is known, won’t achieve average output of 2.1 million barrels a day this year, Chief Executive Officer Jose Sergio
NORECO, an independent international petroleum company based in Norway, has appointed Mr. Ørjan Gjerde as new Chief Financial Officer (CFO). Ørjan Gjerde (42) has almost 20 years of experience within finance and management, and comes from the position as CFO in Malthus AS. He has previously had simi
A claim that offshore workers are entitled to extra paid leave has been rejected by the Supreme Court. Unions have been fighting for many years for paid leave for workers who spend two weeks on platforms before having a two-week rest. The industry has maintained that time they spend at home forms pa
Vanco Côte d’Ivoire Ltd. (Vanco), together with its partners LUKOIL Overseas Côte d’Ivoire Ltd. and PETROCI Holding, announced a hydrocarbon discovery in offshore Block CI-401. The Independance-1X exploration well drilled on Block CI-401 has penetrated the targeted objective and found a series of go
(REUTERS) -Royal Dutch Shell and Eni have bought the prospective Nigerian deep offshore oil block OPL 245, the companies said on Wednesday, ending … By Joe Brock (Reuters) [mappress] Source: Reuters , December 8, 2011; Image: PGS
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties discussed the joint projects in the energy sector, in particular, the progress with the South Stream project. It was
(Reuters) – Chinese offshore oil and gas specialist CNOOC Ltd will drill its first deepsea exploration well in a northern area of the South China Sea in coming weeks, a company official told Reuters on Tuesday. Although missing an earlier schedule by nearly half a year, the wildcat, an exploration w
Singapore-based, Swire Pacific Offshore (SPO) has taken delivery of Pacific Python, the last of eight new “P Class” Anchor Handling Tug Supply (AHTS) vessels built by Qingdao Qianjin Shipyard, marking the successful completion of the major part of an ongoing fleet replacement programme. This follows
Höegh LNG has entered into binding Heads of Agreement (“HoA”) with Perusahaan Gas Negara (“PGN”) for the provision of a Floating Storage and Regasification Unit (“FSRU”) offshore Belawan, near the city of Medan, in North Sumatra, Indonesia. The HoA is based on the use of Höegh LNG’s first FSRU newb
Saratoga Resources and McMoRan Oil and Gas LLC (McMoRan) are in advanced talks regarding a potential joint venture on Saratoga’s Long John Silver Prospect at Vermilion 16 field. While specific terms of the proposed joint venture are still being discussed and subject to confidentiality obligations, S
Scana Industrier ASA has signed an agreement with VT Halter Marine, Inc, Pascagoula, Mississippi, USA, for delivery of the main propulsion systems and controls for eight (8) offshore supply vessels (“OSV”). The equipment deliveries are planned for September 2012 to August 2013. The initial value of
CGGVeritas and Eidesvik Offshore ASA have announced that Arnstein Øvsthus has been appointed as General Manager of their ship management joint venture, CGGVeritas Eidesvik Ship Management AS. Arnstein Øvsthus will take up his duties on 1st February 2012. With over 30 years of wide-ranging experience
The Norwegian Prime Minister, Jens Stoltenberg, will on December 9th open the new Farstad Shipping Offshore Simulation Centre in Perth, Australia. The centre is the world’s largest and most advanced offshore simulation centre for marine operations. – The opening of Farstad Shipping Offshore Simulati
On November 26 , TrustLube, a dynamic Dutch company that specializes in innovative and environmentally sound lubrication systems, has moved all operations from Willemstad to a new location, which is situated in Oud Gastel on the Business Park Borchwerf II, along motorway A17. The new TrustLube facil
