Petrobras announces the discovery of a new accumulation of good quality oil (26º API) in the Santos Basin pre-salt reservoirs. The discovery resulted from drilling well 4-BRSA-818 (4-RJS-668), named Macunaíma, at a water depth of 2,134 meters, located in the 1-RJS -617D (Parati) assessment area and
Tullow Oil plc (Tullow) announces that the Gharabi-1 well, located in Block 6 offshore Mauritania, was unsuccessful and has been plugged and abandoned. The well, drilled by the Maersk Deliverer(photo) in water depths of 1,787 metres to a total depth of 4,433 metres, intersected poorly developed wate
Polarcus Limited announces that the Company has received a Letter of Award for a 3D seismic acquisition project to be acquired by POLARCUS ALIMA, the fifth and latest vessel to join the Polarcus fleet and the second of the ULSTEIN SX134 design. The project will commence in April after vessel shakedo
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
SBM Offshore announces it has signed a long-term cooperation agreement with Mitsubishi Corporation (Mitsubishi) to jointly pursue FPSO lease and operate projects worldwide, subject to pre-existing agreements of each of the companies. Mitsubishi will be an equity partner with SBM Offshore for the own
FMC Technologies, Inc. announced today that it has signed a three-year frame agreement with ConocoPhillips Indonesia Inc. Ltd for the manufacture and supply of subsea production equipment. The contract includes an immediate $57 million call-off and is expected to result in approximately $96 million
Exxon Mobil Corporation announced today that additions to its proved reserves in 2010 totaled 3.5 billion oil-equivalent barrels, replacing 209 percent of production. Excluding the impact of asset sales, reserves additions replaced 211 percent of production. “ExxonMobil continues to lead the industr
The consolidated turnover of the concern in 2010 exceeded the expected level by 4 percent. Net turnover of realization in 2010 was 304 MEUR that is 4 per cent more than had been expected. EBT totaled 23.7 MEUR thus exceeding the results of 2009 by 35 percent. In 2011 it is planned to increase [&hell
The United Nations Industrial Development Organization (UNIDO) and Statoil, a leading international energy company in oil and gas production, will work together to examine the feasibility of common projects to promote sustainable energy access and industry in developing countries. An agreement on th
On 15th February, 2011 PETROVIETNAM, Japan Vietnam Petroleum Co., Ltd. (“JVPC”, a subsidiary of JX Nippon Oil & Gas Exploration Corporation) and Japan Oil, Gas and Metals National Corporation (“JOGMEC”,)have executed an agreement to implement CO2-EOR (Enhanced Oil Recovery) pilot test in Rang Dong o
Total Waste Management Alliance (TWMA), a world leader in environmental waste management services to the oil and gas industry, has been awarded drilling waste management contracts by BP worth around £4million. The contracts involve the containment, handling, processing, recycling and disposal of dri
Husky Energy Inc. recorded a 42 percent increase in 2010 cash flow compared to 2009. The Company reported a 58 percent improvement to fourth quarter cash flow compared to the same period of 2009. Net earnings in the quarter were higher by 19 percent compared to the third quarter 2010 on the strength
It is technically feasible to remove concrete installations resting on the seabed. But this is comprehensive work that requires thorough planning and risk management. This is the conclusion reached by the consultancy firm Dr. techn. Olav Olsen, which has prepared the report ”Disposal of concrete ins
Energy Partners, Ltd. announced today the closing of three transactions, including the acquisition of oilweighted Gulf of Mexico shelf properties, closing of $210 million of 8.25% senior Notes due 2018 used to fund the acquisition and entry into a new $250 million credit facility with $150 million o
