SOCO announced the first flow of crude oil and wet gas from the Te Giac Trang Field, which occurred at 06:55 local time in Vietnam today. The block is operated on behalf of SOCO and its Partners, PetroVietnam and PTT Exploration and Production Public Company Limited, by the Hoang Long Joint Operatin
Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, announces that the 14/10-7 exploration well was spudded at 06:00hrs BST on 22 August 2011. The Well is situated on Licence PL032, which is 100% owned and operated by Rockhopper. The Well is located approximately 3.
Turkey and northern Cyprus are planning to sign an agreement to draw an exclusive economic zone in the Mediterranean Sea and invite … Source: Hurriyet Daily News [mappress] Source: Hurriyet Daily News, August 22, 2011;
On August 8, China’s first high-strength H-level marine drilling riser was successfully manufactured in CNPC Baoji Petroleum Steel Pipe Company. Test results show that all the mechanical performance indexes of the riser are in compliance with the rules and standards in DNV OS F101 Submarine Pipeline
Petrofac today announced results for the first six months ended 30 June 2011. FINANCIAL HIGHLIGHTS Revenue up 25.2% to US$2,711.1 million (2010 restated: US$2,165.8 million) Net profit up 6.6% to US$246.3 million (2010 restated: US$231.0 million) Earnings per share (diluted) up 6.7% to 71.84 cents (
Norwegian Energy Company has entered an agreement to sell its share of the Flyndre Paleocene discovery to Maersk Oil for a consideration of NOK 19 million. Flyndre Paleocene is a cross border discovery operated by Maersk Oil, of which the Norwegian part is located in license PL018C where Noreco hold
Anadarko Petroleum Corporation today announced that its Barquentine-2 appraisal well, located in Mozambique’s Offshore Area 1 of the Rovuma Basin, encountered more than 230 net feet (70 meters) of natural gas pay in high-quality Oligocene-age reservoirs. Barquentine-2 was the first appraisal well i
Royal Dutch Shell said it had moved closer to stemming Britain’s biggest oil spill for over a decade by closing a valve from which crude … [mappress] Source: reuters, August 21, 2011;
South Pars phases 15 and 16 will be launched in October, Iran’s minister of Petroleum, Rostam Ghasemi said during a visit to the remaining phases of South Pars. Implementation of Phases 15 and 16 of SP started in 2007 with the aim of producing 50 million cubic meters of gas, 80,000 barrels of gas co
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today confirmed that agency personnel responded on August 16 to a report of a fatality at Energy Resource Technology’s High Island (HI) Block A557 Platform A. This is an oil and gas production platform approximately 75 miles
The so-called “Golden Weld” – the final weld connecting its offshore and onshore parts – was completed on the first of Nord Stream’s twin pipelines today. The “Golden Weld” thus links the Russian landfall in Portovaya Bay with the pipeline across the Baltic Sea. In the coming days, Line 1 will be re
Lundin Petroleum AB announces that it has commenced the drilling of the Batu Hitam prospect located in Block PM308A, offshore the east coast of Peninsular Malaysia. The Batu Hitam-1 well will test the hydrocarbon potential of a large basement high structure located in the east of the PM308A block. T
The Ministry of Petroleum and Energy has prequalified Lukoil Oil Company as an operator on the Norwegian Continental Shelf. Lukoil Oil Company is a major independent oil and gas company headquartered in Moscow, Russia. The company has more than 150 000 employees and extensive reserves, production an
BP issued a denial after several reports on the Internet about new leaks in its Macondo well. “There are online reports claiming that the Macondo well is leaking and BP has responded with boats and boom. None of this is true. The well was capped on July 15th, 2010, when all oil flow was stopped, [&h
