Norwegian Energy Company ASA (Noreco) in September 2011 produced 4,017 barrels of oil equivalents (boe) per day. Net realized oil price was USD 106 per boe after adjustments for oil put options, inventory, NGL and gas prices. Production per field (boe): Nini East – 2.537 Nini – 745 Cecilie – 319 Lul
After a series of constructive meetings during the past few weeks, RWE and Gazprom have agreed to continue their talks on a possible joint venture. Alexey Miller, Chairman of the Gazprom Management Committee and Jurgen Grossmann, Chief Executive Officer of RWE AG agreed on this at a working meeting
Dominion announced recently that it has signed the Production Sharing Contract (PSC) for Block L15 in the Lamu Basin, offshore Kenya, giving the Company a 100% working interest and operatorship. The Company previously announced the award of L15 on 1st August 2011 through execution of Heads of Agreem
As a result of geological exploration, Gazprom discovered a new field within the Mynginskaya geological structure in the Kirinsky prospect of the Sakhalin III project. Gas and condensate inflow was reported in the prospecting well during the exploration operations. The well testing will be followed
The government has allocated scarce natural gas to households and cars in Andhra Pradesh, the native state of Oil Minister Jaipal Reddy, … By RAJEEV JAYASWAL & SHREYA JAI (The Economic Times) [mappress] Source: The Economic Times, October 6, 2011;
A person has been reported missing after not showing up for work this morning at the Visund installation. The installation is in the North Sea and is operated by Statoil. A search of the installation started at once. The search has now been extended to the sea. Helicopters and vessels are conducting
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured a new contract for the design and construction of one Platform Supply Vessel (PSV) for Troms Offshore Supply AS. The Platform Supply Vessel will
Buccaneer Energy Limited provides the following update in respect to the Alaska Industrial Development and Export Authority (“AIDEA”) participation in the acquisition of the Adriatic XI. As previously advised the Joint Ownership Agreement (“JOA”) executed between the Company’s 50% owned subsidiary K
The Petroleum Safety Authority Norway (PSA) acquired and processed information from eight operating companies that are responsible for the 193 temporarily abandoned wells on the Norwegian shelf. The survey shows that 38 per cent of these wells do not have two intact barriers pursuant to the intentio
Caterpillar today announced the Cat® C175-16 generator set is now globally available to customers seeking a high power density and lower emissions offshore drilling module. Rated1830 ekW at 1200 rpm (60 Hz), 4 Cat C175-16 drilling modules provide 7320 ekW of rated power. This platform was designed t
Australia’s Darwin LNG will undergo a scheduled maintenance at its 3.6 million mt/year complex, which is expected to begin in the last week of April 2012, Paul Dubuisson, vice president of operations drilling and supply chain at ConocoPhillips, said on the sidelines of the 2011 South East Asia Austr
The recent signing of a RM100 million contract by Labuan Shipyard Engineering Sdn Bhd (LSE) for the engineering, construction, testing and… Source: Bernama [mappress] Source:Bernama , October 6, 2011;
During the period 24-30 August 2011, the Petroleum Safety Authority Norway (PSA) conducted an audit of Eni Norge AS (Eni) aimed at detailed engineering and fabrication of load-bearing structures and maritime systems for Goliat FPSO. Background The detailed engineering of the Goliat hull is now neari
Hamburg-based manufacturer HATLAPA Marine Equipment has purchased a majority shareholding in the Norwegian deck machinery company Triplex AS. In doing so HATLAPA’s traditional product portfolio of compressors, steering gear and winches has now been significantly expanded to include all components of
