Niko Resources Ltd. announces that it has reached an agreement with Hess Corporation in which a Hess subsidiary company will become a joint venture participant in the Kofiau Production Sharing Contract (PSC) in Indonesia. As a result of the farmout, Niko will operate with a 57.5% interest and Hess w
Today the European Union has adopted a mandate to negotiate a legally binding treaty between the EU, Azerbaijan and Turkmenistan to build a Trans Caspian Pipeline System. This is the first time that the European Union has proposed a treaty in support of an infrastructure project. The treaty will be
A survey commissioned by GL Noble Denton at the Offshore Europe conference in Aberdeen last week suggests oil and gas industry professionals are concerned over the lack of industry spending on research and development. Nearly three quarters (74%) of participants agreed that a lack of investment into
Oceaneering International, Inc. announced today the sale of the Ocean Legend, a mobile offshore production system, to an undisclosed buyer. Oceaneering’s third quarter 2011 earnings will include an estimated pretax gain in the range of $17 million to $19 million on the sale of this asset in its Subs
International oil services company Aker Solutions takes its subsea business to Sweden through establishment of an office in Gothenburg. The objective is to tap into the Swedish engineering market to help further grow Aker Solutions’ subsea business. The global subsea oil and gas market is expected t
A new £350,000 storage facility has opened at Peterhead, as part of Peterhead Port Authority’s ambitious plans for its Smith Quay development. The storage base, which covers 8,000 square metres, provides additional working space to support vessel activities at the port’s £35million deepwater berth,
A diving support ship will remain in port in Mulgrave, N.S., during an investigation into why it hit the Deep Panuke offshore natural gas… Source: CBC [mappress] Source:CBC ,September 12, 2011;
ConocoPhillips will restart a number of wells at the Penglai 19-3 oil field in China’s Bohai Bay to discharge fluid from the reservoir and reduce reservoir pressure, CNOOC Ltd said in a statement published on Monday. The “depressurization” and “sealing” plans to reduce reservoir pressure and seal se
Seven of the 10 oil workers who went missing in the Gulf of Mexico last week were found alive Sunday, said Mexico’s state-owned oil company… Source: CNN [mappress] Source: CNN,September 12, 2011;
Inocean is included on Petrobras Master Vendor List Offshore (MVLO) within the category; FEED and Naval Structure. To be allowed to supply Petrobras, directly or indirectly, with services, you must be on the MVLO. Inocean was approved by Petrobras after an in-depth evaluation of the company that not
After a 26-month fabrication period, PV Shipyard announced its successful load-out of the first “fabricated in Vietnam” 90 m jack-up rig. The rig will weigh almost 12,000 tons when fully finished, in which 9,685 tons is of structural materials, 950 tons of piping system and 1,748 tons of electrical,
Shell is seeking Federal Government environmental approval for a small 2D marine seismic survey off the North West Cape. Subject to approvals the survey is planned to have a duration of around 12 days and to take place during the period from mid-November 2011 to the end of March 2012 – avoiding the
Valiant Petroleum plc (“Valiant” or the “Company”) provided further detail on its exploration programme for the remainder of 2011 as announced with the Company’s Interim results on 31 August. The programme will target over 30 million barrels of oil equivalent (“mmboe”) of prospective resources net t
Northern Offshore, Ltd. today announced that CNOOC Palung Aru Ltd. (“CNOOC”) has awarded a contract for the drillship Energy Searcher. The contract is for one well offshore Indonesia and has an expected duration of from 60-90 days, including travel time from and back to Singapore. Commencement is ex
