VERIPOS, has recently been awarded an exclusive five-year contract by POSH Semco of Singapore, one of Asia’s foremost specialist offshore companies catering for different phases of oil and gas field development. Under the terms of the contract, VERIPOS will provide 19 DP POSH Semco vessels with a co
“ExxonMobil continues to deliver strong financial and operating results. The full year 2010 earnings, excluding special items, were $30.5 billion, up 57% from 2009, driven by higher crude oil and natural gas realizations, stronger refining margins and record Chemical performance. Fourth quarter earn
Anadarko Petroleum Corporation today announced that a mechanical issue involving the production riser system at the Caesar/Tonga project in the deepwater Gulf of Mexico will delay first production, which was expected in mid-2011. Although the production riser system underwent an extensive qualificat
Atwood Oceanics, Inc., a Houston-based international drilling contractor, announced that, Atwood Oceanics Pacific Limited , a wholly-owned subsidiary of Atwood Oceanics, Inc.,on January 28, 2011 executed a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co., Ltd to cons
Marathon Oil Corporation announced today that the Company’s board of directors has declared a dividend of 25 cents per share on Marathon Oil Corporation common stock. The dividend is payable March 10, 2011, to stockholders of record on Feb. 16, 2011. Marathon Oil Corporation is an integrated interna
Global Petroleum has entered into an agreement to acquire Jupiter Petroleum Limited, a UK registered company, which holds prospective … (proactiveinvestors) [mappress] Source: proactiveinvestors, January 31, 2011;
Maersk Oil, a fully owned subsidiary of A.P. Møller – Mærsk A/S, has agreed to acquire a 15% interest in Block 16 in Angola from Devon Energy for an initial payment of USD 70 million and future contingent considerations. The agreement is subject to closing conditions including government approval. M
AMEC,the international engineering and project management company, has been appointedby BG Group to provide engineering, procurement, construction, commissioningand project management for all of the BG Group facilities in the central NorthSea, including Armada, North Everest and Lomond platforms. Th
ROC achieved an average daily production rate of 8,483 BOEPD in 2010, which was within the guidance range of between 8,000-9,000 BOEPD. This result was particularly pleasing given that 35 days of production were lost at Zhao Dong due to severe weather conditions in 1Q 2010 and that oil production fr
LONGREACH OIL AND GAS LIMITED an oil & gas company focused on Morocco, announces that Fugro Robertson, one of the world’s leading geoscience and technical services company, has been awarded the contract for seismic reprocessing on the Foum Draa and Side Moussa licenses, offshore Morocco. The work wi
Dockwise announces that it has signed a contract for USD 25 mln, with an affiliate of Chevron U.S.A. Inc. regarding the transportation of the Jack & St. Malo hull from Korea to the Gulf of Mexico. It is the intention of the parties that this contract – already included in the Q3 backlog as a [&helli
Oil and gas production reached 1.53 million BOE for the quarter, a 3% decline on the previous period. Production was impacted by some operational issues at Tui, BassGas and Casino, which were all successfully resolved by the end of the period. AWE’s share of sales revenue rose by 14% to $72 million.
Federal authorities say a natural gas leak has been stopped at a platform in the Gulf of Mexico off the southwestern Louisiana coast. The platform is about 93 miles offshore, south of Lake Charles, in about 173 feet of water. The Bureau of Ocean Energy Management, Regulation and Enforcement says it
At a meeting of the Mineral Resources Committee the Director of Mineral Resources gave her report. 1). Progress with Offshore Drilling Programme: Since the last report was prepared for the meeting held on 14 December, The Ocean Guardian(photo) has completed drilling well 25/10-1 (known as Dawn/Jacin
