Det norske oljeselskap ASA successfully raised NOK 489 million (USD 91.2 million ) in private placements directed towards Norwegian and International investors. The Issue was oversubscribed. The price was set at NOK 44.0 per share (USD 8.2 ). 11 111 111 shares will be issued following the Private Pl
Petsec Energy advises that the Marathon #2 well was drilled to a total depth of 21,160 feet (6,450 metres) and electric logging was completed. The well is a follow up to the successful #1 well and is situated in 8 feet (2.4 metres) of water approximately 900 metres from the #1 well location. The #2
Lundin Petroleum AB (Lundin Petroleum) announced today that the second appraisal well, 16/2-7, has confirmed the extension of the Avaldsnes field approximately 5.5 kilometres south of the 16/2-6 discovery well and 4.5 kilometres south-west of the first appraisal well 16/3-4. The Avaldsnes field is l
GulfMark Offshore, Inc. today announced the initiation of a vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding SA in Gdansk, Poland, and consists of two 1000 square meter deck area platform supply vessels of the MMC887CD design and one MMC879C
Reliance Industries Limited (RIL) and BP announced the completion of BP’s acquisition of a 30 per cent stake in 21 oil and gas production sharing contracts (PSCs) that Reliance operates in India, including the producing KG D6 block. This significant step will commence the planned alliance which will
Chevron Australia Pty Ltd today welcomed environmental approval of the Chevron-operated Wheatstone Project by the Western Australian Minister for the Environment, The Honourable Bill Marmion, MLA. Roy Krzywosinski, managing director, Chevron Australia, said, “We welcome State Government environmenta
Electromagnetic Geoservices ASA (EMGS) has entered into an agreement to acquire OHM Surveys Holding AS (OHM), a marine electromagnetic (EM) acquisition company, from certain funds controlled by Sector Asset Management and Seatrans Group (Euro Trans Skips AS) for USD 15.75 million in a stock-for-stoc
Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich announced that the bureau has developed and implemented several new tools to help offshore oil and gas operators improve their exploration and development plan and permit applications. These tools wil
Northern announced today the appointment to the Board, with immediate effect, of Dr Rex William Gaisford CBE as a new Non Executive Director of the Company. Rex, aged 70, has worked in oil and gas businesses worldwide for over 35 years. During his career to date he has been CEO, MD, director, projec
Rosneft and ExxonMobil have executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, the United States and other countries throughout the world, and commence technology and expertise sharing activitie
MEO Australia Limited advises that a contract has been executed with Fugro Multi Client Services Pty Ltd for the acquisition and processing of a 323 km2 3D multi-client seismic survey (‘Zeus 3D survey’) in WA-361-P, in the Carnarvon Basin, offshore Western Australia. WA-361-P is located in close pro
Lamprell , a leading provider of specialist engineering services to the international oil & gas and renewable industry based in the UAE, announces its Interim Results for the six month period ended 30 June 2011. H1 2011 FINANCIAL RESULTS Revenue: US$ 383.6 million up 102.6% (H1 2010: US$ 189.3 milli
BW Offshore reports an EBITDA of USD 86.9 million in the second quarter of 2011 compared to USD 75.6 million in the previous quarter. Adjusted for currency hedges, the EBITDA in Q2 2011 was USD 93.4 million. The increase is mainly due to the contribution from the FPSO BW Pioneer. Including ongoing c
Pipe laying operations at the South Pars gas field phases 15 and 16 is near completion, the manager of the SP phases 15 and 16, Abolqasem Noubakhti said. He went on to say that, pipe laying of the phase 16 with 115 kilometers length have been completed while the work in phase 15 is going […]
