Prosafe is implementing two organisational changes to strengthen the corporate management team. Sven Børre Larsen has been appointed as Chief Financial Officer, and will join the company on 1 January 2011. Sven Børre Larsen (born 1976) was most recently CFO of Prosafe Production Pte Ltd, and has pri
Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, has agreed to sell its 20% interest in WA-351-P, offshore Carnarvon Basin, Western Australia, to Woodside Energy Ltd for US$15.75 million subject to working capital adjustments. The effective date of the sale is 1 January 2011. ROC does not
Bounty Oil & Gas NL announces progress report on the New Seaclem 1 well in PEP 11, offshore NSW on behalf of the joint venture. 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 metres BRT using Ocean Patriot semisubmersi
Petro-Canada Norge AS, operator of production licence 375, has completed the drilling of appraisal well 34/4-13 S. The purpose of the well was to delineate the oil discovery in 34/4-11, proven in 2010. The well was drilled about 15 kilometres northwest of the Snorre field in the North Sea. The purpo
Desire Petroleum plc the oil and gas company wholly focussed on the North Falkland Basin, wishes to provide the following operations update. Dawn / Jacinta Spud The Company is pleased to advise that the Dawn/Jacinta 25/5-1 well was spudded at 14.40 hrs (GMT) on 18th December 2010. The well is locate
EnCore Oil plc announces that the Varadero exploration well 28/9-2 in Central North Sea block 28/9 was spudded at 21.45 hours on Saturday 18 December 2010. The EnCore operated well is being drilled using the Transocean Galaxy II heavy duty jack-up rig and is being managed by Applied Drilling Technol
Energy XXI announced it has completed the previously announced purchase of certain shallow-water Gulf of Mexico shelf oil and natural gas interests from ExxonMobil and its affiliates. The acquisition nearly doubles the company’s reserves and production profile, adding approximately 20,000 net barrel
Oil accidents prompt Danish industries and research to cooperate on new groundbreaking sonar technology. For the first time ever it will be possible to get a detailed picture of oil in the water column and on the seafloor. The technology will be able to prevent fatal environmental disasters caused b
Ulstein Verft is contracted to build two medium-sized platform supply vessels of Ulstein´s PX121 design for a newly established company in Ulstein Group. The vessels will be delivered in Q1 and Q3 2012. “We have analyzed the market to make the right choices for Ulstein Group. We strongly believe tha
Peritus International Asia Pacific announced that the Pöyry-Peritus partnership has been awarded the concept definition study for the Lady Nora Development in Western Australia. The Lady Nora development, operated by Woodside Energy Ltd on behalf of the North West Shelf Venture (NWSV) is one of a nu
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that the Company has completed a transaction to acquire certain UK North Sea gas interests
Petrofac, the international oil & gas facilities service provider, issues the following pre-close trading update ahead of the announcement of its audited results for the year ending 31 December 2010, expected to be on 7 March 2011. * Net profit for the year expected to be in line with expectations f
Suncor Energy Inc. announced today its plans to increase production to more than one million barrels of oil equivalent per day by 2020, beginning with the company’s 2011 capital spending plans. Over the next ten years, Suncor is targeting oil sands production growth of approximately 10% per year and
Valiant Petroleum plc to announce that it has completed the refinancing of its existing senior and subordinated debt facilities into a five-year, US$335 million Senior Secured Borrowing Base Facility (the “Facility”) after receiving credit approved commitments in excess of US$400 million. The transa
