Electromagnetic Geoservices ASA (EMGS) has recently been awarded a contract worth USD 4 million to perform several 3D EM surveys in Asia. Data acquisition will start in early January from the vessel BOA Galatea (photo), following completion of a work programme for Woodside in Australia. The contract
On Wednesday 1st December 2010 a Havyard 832 L SE platform supply vessel was delivered in Bergen to Global Offshore Services B.V., a 100 % subsidiary of Garware Offshore Services Ltd. Newbuild no.105 by Havyard Leirvik AS shipyard is named Beaucephalus. Godmother at the naming ceremony was Shefali B
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announced the farm-out to Canadian Overseas Petroleum Limited (“COPL”), of West of Shetland licence P.1161 and the as
Petrofac, the international oil & gas facilities service provider, announces that it has acquired a 20% interest in Gateway Storage Company Limited (Gateway), to progress and develop the Gateway Gas Storage project in the East Irish Sea. The cash consideration could be up to £33 million over time, f
Buccaneer Energy Limited advises that due diligence investigations by the Alaskan Industrial and Development Export Authority (“AIDEA”) in respect to AIDEA making a direct equity investment into the Company’s wholly owned subsidiary Kenai Offshore Ventures, LLC (“Kenai Offshore”) is preceding satisf
Desire Petroleum plc the oil and gas company wholly focussed on the North Falkland Basin, today provides the following update on the latest logging results from the 14/15-2 Rachel North well which, following additional wireline data, will be plugged and abandoned with oil shows . The results from th
Valiant Petroleum plc (“Valiant”) announces that its Don Southwest ‘H’ Panel exploration well (211/18a-28) has reached total depth of around 11,150 feet (3,400 metres). The well encountered a Brent sand formation with low oil saturations, indicative of a residual oil column which has been breached.
Nido Petroleum Limited(Nido), as Operator of Service Contract 54A (SC 54A), wishes to provide this update on the well testing of the Tindalo-1ST1 following the completion of recent workover operations. To allow the greatest chance of test results being a true indication of the flow characteristics o
Further to announcements made on November 5, 8 and 19, 2010, all ten ST locks on the BOP have been replaced. The BOP has been lowered to the seabed and testing has been completed. In cooperation with Petrobras, preparations are ongoing to recommence drilling operations, following which the rig will
MEO Australia Limited advises that since the last progress report, the BOP’s have been run and tested. The 12-¼” hole commenced drilling at 21:30 hrs (Perth time) on Friday 3rd December and has been drilled to a depth of 2,936m. The well was shut in at 18:00 hrs on Sunday 5th December after encounte
Fugro has reached agreement with Riise Underwater Engineering AS to acquire the company. The acquisition is expected to take effect from the end of this year on completion of some outstanding formalities. Riise Underwater Engineering AS (RUE), with its headquarters in Haugesund, Norway, is a provide
With references to stock notice 23rd September 2010. Lundin Norway AS has exercised an option for an additional well with Dolphin AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bredford Dolphin. The well will be in direct continuation with the upcoming cont
McMoRan Exploration Co. updated its shallow water Gulf of Mexico exploration and development activities, including in-progress drilling at three ultra-deep prospects and two deep gas prospects and other activities. Shallow Water, Ultra-deep Exploration Activities The Blackbeard East ultra-deep explo
In the wake of an announcement by the administration to reverse its plans to expand offshore oil and gas exploration in the Eastern Gulf and up the Atlantic Coast, LSU finance professor and nationally renowned economist Joseph Mason released the following statement: “Uncertainty is a major hindrance
