A number of non-conformities with the regulations have been found by the Petroleum Safety Authority Norway’s (PSA) investigation into an incident on Gullfaks A where one person was injured during a lifting operation. Taking place on 28 February 2011, this incident on the Statoil-operated installatio
Lundin Petroleum AB (Lundin Petroleum) announces that drilling of exploration well 7120/2-3 in PL438 has commenced. The well will target the Skalle prospect, which is situated to the north of the Snøhvit field in the Barents Sea, offshore Norway. The main objective of well 7120/2-3 is to test Cretac
Nido Petroleum Philippines Pty Ltd (wholly owned subsidiary of Nido Petroleum Limited; on behalf of the SC 54B Joint Venture, announces that the ‘Atwood Falcon’ deepwater semi-submersible drilling rig was mobilized from Labuan, Malaysia at 01:00 hours on 14 May 2011 and is due to arrive at the Ginda
Keppel FELS Limited’s (Keppel FELS) returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million. Successive deliveries of these units are scheduled between 2H2013 and 1H2014. Standard Drilling ordered its first jacku
Brazil’s state-controlled oil and gas company Petrobras posted a record net income in 1Q11: R$10.985 billion (USD 6.7 Billion), 42% up on last year. Higher gross profit (positive change of R$894 million) driven by 4% growth in the domestic production of oil and natural gas and a higher oil (+6%) and
Kencana Petroleum Bhd (Kencana) announced that its subsidiary Kencana HL Sdn Bhd (Kencana HL) has successfully signed an agreement with … The Borneo Post [mappress] Source:TheBorneoPost, May 15, 2011;
Preliminary production figures for April 2011 indicate an average daily production of about 2 087 000 barrels of oil, NGL and condensate. This is an increase of 26 000 barrels compared to March. Gas production was about 7.4 billion Sm3, which is a decrease of 2.9 billion Sm3 compared to the previous
C-NLOPB announced the details of the 2011 Calls for Bids in the Newfoundland and Labrador Offshore Area. Calls for Bids NL11-01 (Area “B” Western Newfoundland and Labrador Offshore Region), NL11-02 (Area “C” Flemish Pass/North Central Ridge) and NL11-03 (Area “C” Labrador Offshore Region) will consi
OGX Petróleo e Gás Participações S.A. (“OGX”) , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today that it has identified the presence of hydrocarbons in the Albian section of 1-OGX-30-RJS well, in the BM-S-58 block, in the sh
In the Revised National Budget, the net cash flow from the petroleum sector in 2011 is estimated to NOK 311 billion (app. USD 56.8 Billion). This is an increase of NOK 23 billion (USD 4.2 Billion) from the National Budget 2011. – The petroleum industry is Norway’s largest and most important industry
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has secured long-term contract renewal with an oil major valued at up to £45million(USD 73.2 Million). The five-year deal, with options to extend by up to a further four years, involves supplying ele
Fugro Subsea Services Ltd. in Aberdeen, Scotland has taken delivery of their latest OCV vessel “Fugro Symphony” . The vessel is built by Bergen Group at BMV in Bergen. “Fugro Symphony” is of ST-327L CD design, developed by Skipsteknisk. The vessel is based on the previously built ST-327 serie of Sei
Nexus Energy Limited announces that it has executed an agreement with McDermott Asia Pacific Pte. Ltd. (“McDermott”) to perform engineering and strategy review of the Crux liquids project. Under this agreement, Nexus has the right to review McDermott’s initial works by the end of June 2011. If this
Dolphin Geophysical AS announced the christening of M/V Polar Duke at the GMC Shipyard, Stavanger on 30th April 2011. Many attended the special occasion, which launched the flagship vessel of Dolphin Geophysical AS. Mrs Kari Hus Arnesen kindly assumed the position of Godmother to the vessel. M/V Pol
