Bowleven, the West Africa focused oil and gas exploration group traded on AIM announces that the Sapele-2 well drilling in the Douala Basin, offshore Cameroon has encountered a total of approximately 35 metres of independently log evaluated net hydrocarbon-bearing pay in the Omicron objectives based
Repsol posted net income of 765 million euros in the first quarter of 2011, 11.2% more than the year-earlier period. Excluding extraordinary items, recurring net income improved 23.4%, to 791 million euros. The 2011 earnings increase is mainly due to improved oil and gas price realization prices, wi
The Board of Woodside has appointed Peter Coleman as the company’s Chief Executive Officer and Managing Director. Mr Coleman will succeed Don Voelte, who announced last October that he intended to retire from Woodside after more than seven years with the company. Mr Coleman will take up his appointm
The Petroleum Safety Authority Norway (PSA) conducted an audit of BP at the Aker Solutions Stord yard on 6-7 April 2011. The audit targeted the offloading system for shuttle tankers on Skarv FPSO. The audit identified a number of nonconformities in relation to regulatory requirements. Background The
TGS commences the second season of multi-client 3D seismic acquisition in the Moray Firth, offshore United Kingdom. The survey, MF11, will add over 2,500 km2 of new 3D data to the previous project area announced last June. The M/V Oceanic Challenger will acquire the MF11 survey. Data collection is s
Petrobras has signed a Specific Agreement with Jogmec – Japan Oil, Gas, and Metals National Corporation, with the aim of commencing a technical feasibility study on flexible pipes for oil production in the pre-salt cluster. This study is the second collaboration between the two companies. The relati
After a competitive tender process, Technip has been awarded by Statoil Brasil Óleo & Gàs Ltda. a frame agreement for engineering studies. The scope of this 3-year contract covers feasibility, concept and front-end engineering design studies for Statoil’s existing offshore production fields and futu
Total (30%) and partners BHP Billiton (45%, operator) and Chaoyang (25%) announce the start-up of the Phase 2 gas development of the Greater Angostura field with a design capacity of 280 million cubic feet of gas per day (7.9 million cubic metres per day). The Greater Angostura field includes oil an
TradeWinds Offshore Marine conference is set to play to a full house at the Grand Hotel Oslo on the 24 May. With the theme Catching the Rising Market, the event recognises the pivotal role offshore shipping now plays in the Norwegian maritime sector. Breaking with the traditional conference format,
Vantage Drilling Company announced today that it has received a letter of award for an eighteen month drilling program in Thailand for the Emerald Driller. The contract will commence in continuity with the completion of the Emerald Driller’s current contract. Estimated revenues to be generated over
China National Offshore Oil Corporation (CNOOC), the largest offshore oil and gas producer in China, has selected Intergraph® SmartPlant® Foundation to manage the engineering information of its offshore platforms and oil fields as part of CNOOC’s Engineering Digital Information System (EDIS) project
Keppel FELS Limited (Keppel FELS) has secured contracts to build two high-specification KFELS B Class Bigfoot jackup rigs from returning customer Gulf Drilling International Ltd. (q.s.c.) (GDI) of Qatar, worth about US$393 million. These latest contracts follow closely after Keppel FELS was awarded
Maersk Oil ,a Danish oil and gas company owned by the A. P. Moller-Maersk Group,made a profit of USD 512m (USD 450m in 2010) and a ROIC of 44.1% (35.2%), positively affected by a 38% higher average oil price at USD 105 per barrel, partly offset by tax rate increase in the UK. The […]
Tap Oil Limited (“Tap”) provides the following update on the Finucane South-1A exploration well, offshore Carnarvon Basin, Western Australia. Location/Proposed Depth The Finucane South-1 and 1A wells are located in permit WA-191-P, in the northern end of the Carnarvon Basin. The well location is lat
