Repsol Chairman Antonio Brufau and Sinopec Chairman Su Shulin today in Madrid presided over the first joint meeting at the top corporate level between both companies following the agreements reached in Brazil. At the meeting, both chairmen agreed to create working groups to analyse new business oppo
Desire Petroleum plc the company wholly focussed on the North Falkland Basin, announces that Eddie Wisniewski, currently a non-executive director, has been appointed Finance Director. Aged 50, Eddie qualified as a Chartered Accountant with Touche Ross & Co, leaving in 1988 to join Clyde Petroleum Pl
Kosmos Energy announced that John R. Kemp III has been named Chairman, and Brian F. Maxted has been promoted to President and Chief Executive Officer and made a member of the company’s Board of Directors. Maxted, along with four other partners, co-founded Kosmos Energy in late 2003. Most recently, M
Petrobras clarifies the news published by the press regarding a potential acquisition of the stakes held by ENI S.p.A. (ENI) in Galp Energia (Galp). The Company states that it is constantly analyzing investment opportunities in Brazil and abroad that are aligned with the strategies set forth in its
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
Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipyard, won a $520 million order to build a new ultra-deepwater drillship for Diamond Offshore Drilling Ltd., a subsidiary of Diamond Offshore Drilling Inc., one of the top-class drilling contractors of USA. on January 4. The agreement
KBR announced that it has completed the acquisition of the 44.94 percent share interest in M.W. Kellogg Limited (MWKL) previously held by JGC Corporation . With the completion of the transaction, MWKL, which was previously an affiliate of both companies since 1992, is again a wholly-owned KBR subsid
Acergy S.A . and Subsea 7 Inc. announced that the combination between the parties is expected to be completed on January 7, 2011. In light of this, the following is announced: After completion the new company will be known as Subsea 7 S.A. and the restated Articles of Incorporation approved by Acerg
EnCore Oil plc announces that the Varadero exploration well 28/9-2 located in UK Central North Sea block 28/9 was drilled to a Total Depth of 5,205 feet Measured Depth (M.D.) having successfully encountered excellent quality hydrocarbon bearing reservoir sandstones at 4,020 feet M.D. within the targ
Bounty Oil & Gas NL announces final report on the New Seaclem 1 exploration well in PEP 11, offshore New South Wales. MEC Resources investee company Advent Energy Ltd (Advent) has reported: Final Report Since the last report on 29th December the well was drilled to final depth of 750 metres BRT in a
One of the extensions within OCTOPUS-Onboard is the Dynamic Positioning capability forecast function, DP for short. The OCTOPUS-DP functionality gives offshore vessels the possibility to make optimum use of a safe time window for their weather-sensitive operations. An important remark has to be made
Deep Down, Inc. , an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced the formation of a new joint venture, Cuming Flotation Technologies, LLC (the “JV”) with an affiliate of York Capital Management (“York”),
Desire Petroleum plc the company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a total depth of 1,697 metres in pre-rift sediments. Based on preliminary drilling and wireline logging data there are no significant hydrocarbons in th
Noble Corporation today reported that Marathon Oil Company has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon’s stated reason for the termination was that the rig had not been accepted by Marathon by December 3
