On 26 July 2011, the Petroleum Safety Authority Norway (PSA) granted an Acknowledgement of Compliance (AoC) to the Haven mobile living quarters facility operated by OSM Offshore AS (OSM). Haven is a jack-up facility, delivered in 2010 by Drydocks World, Graha Shipyard in Indonesia. Haven has 447 sin
ConocoPhillips today reported $3.4 billion second-quarter earnings and $3.4 billion adjusted earnings. This compares with second-quarter 2010 earnings of $4.2 billion and adjusted earnings of $2.5 billion. “We had a solid quarter,” said Jim Mulva, chairman and chief executive officer. “Higher adjust
Rocksource ASA has announced the drilling results from three of its five, 2011 exploration wells. Initial results show one discovery (Norvarg) and two dry holes at wells drilled to test unproven petroleum systems (Breiflabb and Kora). Wells four and five in the 2011 programme are expected to spud in
Rocksource ASA (“Rocksource”), announces the completion of drilling operations on the Kora-1 well in the AGC Profond Production Sharing Contract (PSC)*. Final wireline logging is now being carried out and the well will be plugged and abandoned as an unsuccessful exploration well.. Kora-1 was a front
Archer has entered into an agreement with Shell Todd Oil Services (“STOS”) for the provision of the drilling modular rig and services for the modular rig Archer Emerald (“the Emerald”). Mobilization will take place in the first half of 2012. The modular rig will operate in New Zealand on the Maui A
Shareholders of Dominion Petroleum on Monday rejected a $50 million placing in a Maltese farm-out deal with Mediterranean Oil and Gas and the two companies are now discussing how to proceed with the deal. MOG in June signed an agreement to farm out a 75% operated working interest in a production sha
Leading international oilfield services company Expro today announced the establishment of a new, purpose-built operating base in Newfoundland, Canada. Ground was broken on the new base in April 2011 and construction is expected to be completed in October of this year. Upon completion of constructio
TTS Group ASA’ subsidiary TTS Energy AS has signed a contract with SWS, Shanghai Waigaoqiao Shipyard China for two Drilling Equipment Packages. The contract has a value of over USD 90 million. The Drilling Equipment Packages will be installed on two new high specification F&G JU2000E Jack-Up Rigs wh
A draft bill circulated by the chairman of the House Natural Resources Committee would create three new agencies tasked with overseeing … Source: UPI [mappress] Source: UPI, July 27, 2011;
MPX North Sea Ltd has exercised the option of a second well within its drilling contract with Awilco Drilling PLC and SPD. This well represents the third well of the SPD multi-client, multi-well 2011 drilling programme, and has an estimated contract value of approximately USD 7.3 million. The two we
Zheijang Shipyard, part of the Sinopacific Shipbuilding Group, recently delivered the Ungundja, the first of 10 DP-3, 100-meter GPA 696 IMR (Inspection, Maintenance & Repair) vessels to Paris-based Bourbon Offshore. The highly maneuverable DP-3 and FiFi-1 certified GPA 696 IMR vessels are equipped w
Further to the Company’s announcement of 29 November 2010, Karoon Gas Australia Limited and its related entities have executed final and binding documentation with its joint venture partner, ConocoPhillips (Browse Basin) Pty Ltd (“ConocoPhillips”) and its related entities, to acquire an additional 5
Idemitsu Petroleum Norge, operator of production licence 377 S, has completed the drilling of wildcat well 35/7-1 ST2. The well was drilled about seven kilometres west of the Vega field in the North Sea. The primary exploration target for the well was to prove hydrocarbons in Middle Jurassic reservo
BP today said that it expects future cash flows generated by its worldwide operations to grow faster than output. This growth is expected in both its upstream and downstream businesses as the company delivers its strategic priorities, increases its investment in future growth opportunities and portf
