Niko Resources Ltd. announced that it has reached an agreement with Sonde Resources Corp. (“Sonde”), under which Niko will acquire Sonde’s 25% interest in Block 5(c), located 94 kilometers off the east coast of Trinidad. The transaction is to be satisfied at closing via US $75.5 million in cash, and
Japan Energy Australia is using the RMR® system from AGR Drilling Services to ensure the drilling of its first exploration well in Australia goes as smoothly as possible. In a deal worth an estimated $650,000US, the Riserless Mud Recovery system from AGR DS is being used by Japan Energy on its North
Bergen Group Fosen has signed a contract with Volstad Maritime AS to build a large high end offshore vessel. The contract has an estimated value of NOK 725 million, and the ship is scheduled for delivery in 2(nd) quarter 2012. The signed contract is subject to final board approval and financing, whi
CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that the Company has entered into definitive agreements dated December 21, 2010 with certain accredited investors (the “Investors”) to sell in a registered direct off
Norwegian Energy Compan ASA : Chief Financial Officer (CFO) Jan Nagell has resigned his position in Noreco, and will step down by 1 February 2011. The company has appointed Erik Borg as acting CFO from the same date. Erik Borg (52) has been Finance Manager for Noreco’s operations in Denmark since 20
Tap Oil Limited (“Tap”) is pleased to advise that the Kan Tan IV semi-submersible drilling rig commenced drilling the Craigow-1 well at 03:00 hrs (EST) on 24 December 2010. The Craigow prospect is an anticlinal trap defined on 3D seismic data, in a good location for both reservoir quality and oil ch
Alexey Miller and Paolo Scaroni sign in Moscow the extension until 2012 of the strategic agreement between Eni and Gazprom. Gazprom CEO Alexey Miller and Eni CEO Paolo Scaroni signed today the extension of the strategic agreement signed by Eni and Gazprom in November 2006. The agreement, which would
With the issuance of resolution 1078/2010 on December 16, 2010, by the National Oil, Gas and Biofuel Agency – ANP, Ecopetrol S.A. , through its affiliate Ecopetrol Oleo E Gas do Brasil LTDA, confirms its participation in the offshore concession for Block BM-S-73 in Brazil. The request for approval o
Bounty Oil & Gas NL announces progress report on the New Seaclem 1 well in PEP 11, offshore NSW. MEC Resources investee company Advent Energy Ltd (Advent) has reported: Progress since Last Report The well was spudded at 00.00 hours AEDST 15 December 2010 and drilled the 9 7/8″ pilot hole to 310.5 me
Aker Solutions has won a contract to supply a complete drilling equipment package for a new deepwater drillship. The contract value is approximately USD 100 million. The contract also includes options for a further two complete drilling packages, which can be activated at the client’s request. The c
Tony O’Reilly, Chief Executive of Providence Resources P.l.c., commenting on activity during 2010 and the future plans for 2011, said: “2010 has seen a huge amount of activity at Providence. We have assembled a balanced portfolio of drillable prospects while also ensuring that we have the appropriat
Talisman Energy Norge AS (TENAS) has been granted consent to drill three sidetrack wells on Varg A using the mobile drilling facility Mærsk Guardian. The Varg field is located in the southern North Sea, about 230 kilometres west of Jæren, and is part of production licence 038. The field has been in
Marathon Petroleum Norge AS has been granted consent to carry out exploration drilling for well 25/10-11 The well will be drilled in production licence 505 in the North Sea, about 40 km south of the Heimdal field and about 180 km west of Haugesund. The well has the coordinates N 59° 12′ 48.059”, E 0
Repsol has agreed to sell 3.3% of YPF’s share capital to Eton Park and Capital investment funds for $500 million. The $39/share deal is in line with the most significant sales carried out during the last few weeks with YPF stock. Eton Park has acquired a 1.63% stake in YPF, for $250 million. Similar
