Coastal Energy Company announces the successful results of the Bua Ban North B-02 exploration well. The Bua Ban North B-02 well was drilled to 6,513 feet TVD and encountered 62 feet of net pay in the Miocene objective with 26% average porosity. The B-02 well also tested the Eocene interval and encou
At a time when governments in Europe are rethinking their energy policies, it is important that the industry collaborate in promoting natural gas as essential for Europe’s energy future. “Only together we can ensure that gas receives the attention and the role it deserves, being a secure, cost effic
Gazprom accomplished connection of the Dzhubga – Lazarevskoye – Sochi gas pipeline offshore and onshore sections. The Bigfoot 1 pipe-laying vessel performed a tie-in operation (welding two sections of the pipeline) near the Kudepsta settlement. The same operations were previously performed near the
Fugro, Dutch company that provides geotechnical, survey and geoscience services to oil, gas, mining and construction industries, recorded the growth in revenue that commenced in the second half of 2010 continued, as expected, in the first months of 2011. This was despite somewhat lower utilisation o
Octanex N.L announces that the farmout agreement made with OMV New Zealand Limited (“OMV NZ”), in relation to the PEP 51906 permit, has received the consent of the New Zealand Minister of Energy under the Crown Minerals Act. As a result, the farmout agreement is now unconditional. OMV NZ entered int
Aker Floating Production reports first quarter revenues of USD 33 million and EBITDA of USD 26 million (unchanged and up 8%, respectively, versus first quarter 2010). Operating profit in the quarter of USD 9 million represents growth of 12% over the same quarter last year. The group made a net loss
Red7Marine’s newly-acquired offshore support vessel DP Reel has sailed into Great Yarmouth port to mark a milestone moment for the rapidly growing company. The £5m ( USD 8.1 Million) investment means the highly versatile vessel will be available to support work for clients in the renewable energy an
On May 6, the Parliament of the Republic of Azerbaijan ratified the new production sharing agreement (PSA) between BP and SOCAR on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea. Rashid Javanshir, BP’s Regional President, said: “We are pa
Today, U.S. Representative Diane Black (R-TN), voted for H.R. 1230, the Restarting American Offshore Leasing Now Act, which would require… Read more at The State Column [mappress] Source:The State Column , May 10, 2011;
Demonstrating its commitment to expanding its state of the art U.K. manufacturing presence, GE’s Oil & Gas business has officially opened a new wireline manufacturing and headquarters facility in Farnborough, Hampshire, United Kingdom. The facility brings the GE Oil & Gas—Downhole Technology platfor
This announcement is made by Mermaid Maritime Public Company Limited (“Mermaid”) with respect to its associated company Asia Offshore Drilling Limited (“AOD”). Mermaid refers to the construction of two high specification jack-up rigs by Keppel FELS Limited (“Keppel FELS”) for AOD. Mermaid announces
BG Group, the UK oil and gas company, saw profits fall by nearly £600m on higher North Sea taxes and unrest in North Africa. The group … By Andrew Trotman (Telegraph) [mappress] Source:Telegraph , May 10, 2011;
Hyperdynamics Corporation announced today that AGR Peak Well Management Ltd. (AGR) has signed an extension to a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore regarding the Jasper Explorer drill ship for exploration drilling in Hyperdynamics’ concession offsh
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/154 development well. The Dzheitune (Lam) 28/154 well was drilled to a depth of 1,830 metres and completed as a single producer by the NIS rig. The
