Niko Resources Ltd. announces that it has reached a Farmout agreement with Repsol Exploration SA (“Repsol”) in which Repsol, through its subsidiaries, will become a joint venture participant in both the East Bula and Seram Production Sharing Contracts (PSC) in Indonesia. As a result of the agreement
Statoil and OMV in Norway have entered into an agreement regarding swap of interests in two licences in the Barents Sea. Statoil will take over 15 percent of OMV’s 40 percent interest in production licence 537. The licence was awarded in the 20th licensing round in 2009 with OMV as the operator. Sta
Wilhelmsen Ships Service has opened a new office in Sousse, south of Tunis and conveniently located between Tunisia’s main ports. The new facility will service a growing market in the region, including vessels calling on Tunisian ports and a number of offshore customers, with Wilhelmsen Ships Servic
Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/10-3 exploration well was spudded at 1700hrs GMT on 13 January 2011. 14/10-3 is located 8km North West of the Sea Lion 14/10-2 discovery well on Licence PL032, which Rockhopper oper
There is little chance of a moratorum on drilling for oil at the Leviathan 1 exploratory well, as Minister of Environmental Protection … By Adi Ben-Israel (Globes) [mappress] Source: Globes, January 13, 2011;
Draka Offshore announced that Keppel Singmarine has selected Draka as a cable supplier for its production of Hull 362 for Royal Boskalis Westminster. “It is always gratifying to receive orders from a renowned shipbuilding yard like Keppel Singmarine,” stated Patrick Ang, vice president of the marine
AMC Connector, a future new-build subsea installation and construction vessel from Aker Solutions, has finalised its vessel specs. With a total payload capacity of 9 000 tonnes of subsea power cables or umbilicals, the vessel will be well equipped to target the deepwater installation segment. AMC Co
The State Oil Company of Azerbaijan is working to drill new exploration well at the Umid offshore field. By Rufat Abbasov (News.az) [mappress] Source: News.az, January 14, 2011;
Olympic Shipping confirms option for delivery of one Multi Purpose Field Supply and Construction Vessel at Kleven Maritime in Norway. Delivery is agreed as June 2012. Olympic Shipping has confirmed a contract with Kleven Maritime for the delivery of one advanced Multi Purpose Field Supply & Construc
The activity level on the Norwegian shelf is high, with investments expected to rise in the next few years. In spite of this, NPD sees that more than 50 per cent of the oil remains in the fields. This is a source of concern for the Norwegian Petroleum Directorate (NPD), which is now calling for [&he
Energy Partners, Ltd. today announced it has executed a purchase and sale agreement to acquire producing oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) shelf from Anglo-Suisse Offshore Partners, LLC for $201.5 million. The assets are currently producing approximately 3,
Teekay Corporation (Teekay or the Company) announced that its current President of its Shuttle Tanker and FSO business unit, Kenneth Hvid, has been appointed to the position of Executive Vice President and Chief Strategy Officer effective April 1, 2011. In his new role, Mr. Hvid will be located in V
Technip was awarded a contract by Chevron North America Exploration and Production for the development of the Jack & St-Malo fields, located in the Walker Ridge area of the Gulf of Mexico at a water depth of approximately 7,000 feet (2,100 meters). The contract covers the engineering, fabrication an
Cameron has received an order from Petrobras for 27 subsea trees and related equipment, worth approximately $74 million, for use in their developments offshore Brazil. The order represents the remaining trees under a 138-tree frame agreement announced in September 2009. Cameron received a purchase o
