BP has signed a new, 12-month contract with AGR Drilling Services, potentially worth NOK110m,(USD$19,8 million). The contract is for AGR DS’s Riserless Mud Recovery system (RMR®)(image), which enables operators to drill top-holes more safely, quickly and cleanly. BP will use the technology from the
As announced by the Norwegian Ministry of Petroleum and Energy on 18 January 2011, Spring Energy has been awarded 5 licenses in the APA 2010 Round, which includes 2 licenses where the Company is an operator for the first time. Both the operated licenses are located in the Norwegian Sea. Spring Energ
Atwood Oceanics , Houston-based International Drilling Contractor ,announces that effective February 1, 2011 Mr. Arthur McGinnis (“Mac”) Polhamus will be appointed Vice President, Operations and will be the principal operating officer of the Company. Mr. Polhamus comes to Atwood after nearly 16 year
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
FMC Technologies, Inc. announced that it has signed an agreement (Option 3 – Girassol Infills) with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment to support the Girassol Resource Initiative (GirRI) project. The award has a value of approximately
Repsol has been awarded the Ability Award for the “Best Private Company” in recognition of its overall contribution and significant participation in the development and recruitment of people with disabilities. The aim of the Ability Awards is to publicly recognize Spanish companies and institutions
McMoRan Exploration Co. today reported a net loss applicable to common stock of $77.0 million, $0.75 per share, for the fourth quarter of 2010 compared with a net loss applicable to common stock of $9.5 million, $0.11 per share, for the fourth quarter of 2009. Under applicable accounting rules, McMo
Today, 18 January, offers were sent to 39 companies for 50 new production licences on the Norwegian continental shelf. The offers were submitted after the authorities had evaluated applications from 41 companies in the Awards in Pre-defined Areas (APA) 2010. Of the 50 production licences, 31 are loc
W&T Offshore, Inc. today announced the appointment of Jesus G. Melendrez as Senior Vice President and Chief Commercial Officer. From 2003 to 2010, Mr. Melendrez worked at Mariner Energy, Inc. and served in a variety of positions of increasing responsibility, culminating as Senior Vice President and
Fluxys and Statoil will examine the options for Statoil to book long-term storage capacity at Fluxys’ underground storage site in Loenhout. The two companies have signed a Memorandum of Understanding to that effect during the current Belgian trade mission in Norway. The Belgian and Norwegian governm
Production remained shut down on four of the largest oil installations in the North Sea yesterday after a heavy protective fender fell … By Frank Urquhart (BusinessScottsman) [mappress] Source: BusinessScottsman, January 18, 2011;
Southern Right whales, Humpbacks, the Great White shark and Southern Bluefin tuna could be at risk after Australian federal government … [mappress] Source: Xinhua, January 18, 2011;
All the remaining phases of the South Pars gas field will come on stream in next four years resulting to $120 billion annual revenue, managing director of the National Iranian Oil Company (NIOC), Mr. Qalebani announced here on Monday. According to the report of the public relations of the NIGC, he s
Pacific Drilling announces that the Pacific Bora has been contracted to Star Deep Water Petroleum Limited, a wholly owned Chevron subsidiary to work on the continued development of the Agbami Field in Nigeria. Total revenue from the contract is expected to be approximately $586million over the initi
