Following its announcement on 27 May 2011 regarding the offer to acquire the entire issued and to be issued share capital of Sagex Petroleum ASA (“Sagex” or the “Company”) (the “Offer”), Valiant Petroleum plc (“Valiant”) has extended the Offer until 17:30 (CET) on 10 June 2011. All other conditions
Aberdeen-based SeaHold GEOSHIPS Limited (GEOSHIPS) has announced the acquisition of marine management services company Brooklyn Shipping Ltd (BSL). The acquisition is expected to lead to BSL’s staff numbers more than doubling to 80 this year and also contribute to a significant increase in GEOSHIPS’
EnCore Oil plc announces that the Cladhan appraisal well 210/30a-4x, the final well in this current four well programme located in UK North Sea Blocks 210/29a & 210/30a, has reached Total Measured Depth of 10,614 feet. The appraisal well was drilled as a side-track to evaluate a channel to the south
Dolphin Geophysical AS announces that TGS has exercised their option to extend the contract for the Polar Duke by two months. This secures work for the vessel to early October 2011, at which time TGS have a second option to extend the contract by another six months. “We are very impressed with the P
The christening ceremony for platform P-56 will be held today (Friday, June 3), at the BrasFELS Shipyard, in Angra dos Reis (state of Rio de Janeiro). With capacity to process 100,000 barrels of oil and to compress 6 million cubic meters of gas per day, the P-56 will operate in Marlim Sul Field deve
Lundin Petroleum AB informed this morning that its wholly owned subsidiary, Lundin Malaysia B.V. has entered into an agreement with PETRONAS Carigali Sdn Bhd to farm-in to Block PM307 offshore Peninsula Malaysia. Under the agreement, Lundin Petroleum acquires a 75 percent interest and operatorship.
Cairn said today on its website that it has commenced drilling operations on two wells offshore West Greenland. The AT-7 well in the Atammik Block, approximately 160 kilometres offshore Nuuk, west Greenland and the LF-7 well in the Lady Franklin Block approximately 300 kilometres offshore Nuuk have
On 11 April 2011, Tap Oil Limited announced it had agreed to sell its interests in a portfolio of non-core assets in the Carnarvon Basin to companies in the Sydney based, privately owned Hardie Energy Group, subject to joint venture and government approvals. The approvals now seem unlikely to be sat
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) B/155 development well, the sixth well drilled from the Dzheitune (Lam) B platform. The well was designed as a delineation-development well to reach t
Trelleborg Offshore’s innovative drill riser buoyancy technology has helped offshore drilling contractor, Transocean, achieve a new record in deepwater drilling. The ultra-deepwater drillship, the Dhirubhai Deepwater KG2, achieved the record depth, 10,194 ft, during a drilling job offshore India for
Adira Energy Ltd announced the appointment of Mr. Hezi Kugler as permanent Chief Executive Officer, effective June 1, 2011. Mr. Kugler’s experience includes managing private business in the energy space, practicing law as a senior partner; and Director General of Israel’s Ministry of National Infras
ATWOOD OCEANICS, INC., a Houston-based international offshore drilling contractor , announced today that one of its subsidiaries has been awarded a contract by a subsidiary of Noble Energy, Inc. for the Atwood Aurora. With contract commencement expected in October 2011, the award has an estimated fi
Subsea 7 S.A. announced today the award of a SURF contract valued at approximately $50 million from Dana Petroleum (E&P) Ltd at the Triton Field in the Greater Guillemot Area of the North Sea. The scope of this contract includes the engineering, fabrication and installation of a 25km 10” water injec
Pacific Drilling S.A. announced today that it has received delivery of its newest drillship, the Pacific Mistral. The Pacific Mistral can operate in water depths of up to 12,000 feet and drill wells of up to 35,000 feet total depth. The rig features technologically advanced equipment that allows cus
