Songa Venus achieved operating efficiency of 99% during the month, the rig completed its third well for Shell Development (Australia) and the rig started its last contractual well in current program for MEO Australia during the month. The rig is thereafter scheduled to commence its 2 well firm + 1 O
Karoon Gas Australia Limited (ASX: KAR) has executed an agreement with its joint venture partner, ConocoPhillips (Browse Basin) Pty Ltd (“ConocoPhillips”), under which Karoon will acquire an additional 50% participating interest in Browse Basin permit, WA-314-P. As illustrated in the map below, the
BPZ Resources, Inc. announces the Company has placed the Corvina oil field, located in offshore Block Z-1 in northwest Peru, into commercial production. The Company has started operating the gas compressor at the CX-11 Corvina platform to re-inject the associated gas and thus avoid gas flaring. The
Keppel FELS Limited (“Keppel FELS”)announces that it has signed a contract to build two proprietary KFELS B Class jackup rigs worth US$360 million with Asia Offshore Drilling Limited (“AOD”), a 49% owned affiliate of Mermaid Maritime Public Company Limited (“Mermaid”). This follows a Letter of Inten
Ensco plc announced today that a subsidiary of the Company has sublet ENSCO 8503, a new ultra-deepwater semisubmersible drilling rig that recently mobilized to the U.S. Gulf of Mexico. ENSCO 8503 is scheduled to begin sea trials shortly. Under the sublet agreement, once rig acceptance procedures hav
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or the “Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that the contracts for the installation of subsea equipment and
Drydocks World recently held a keel laying ceremony for a state-of-the-art Compact Semi-Submersible (CSS) vessel. „The Derwent‟ is being built for integrated energy services provider Hallin Marine Subsea International Ltd, a Superior Energy Services company, at Drydocks World‟s Nanindah shipyard at
Aker Solutions has set up a new manufacturing facility in South Korea for the production of Pusnes deck machinery™. Aker Solutions has among several major contracts signed a contract for the delivery of Pusnes deck machinery™ for the prestigious “Pieter Schelte”-project, the world’s largest platform
Suncor Energy announced the appointment of Janice Odegaard to the position of senior vice president and general counsel. In this role, Odegaard will be responsible for all legal and regulatory matters across the company and will work closely with Suncor’s Board of Directors on matters of corporate g
Desire Petroleum plc the oil and gas company wholly focussed on the North Falkland Basin, wishes to advise that the 14/15-2 Rachel North well has reached a total depth of 3052 metres. Preliminary data collected indicate that this well is an oil discovery. The company has run an initial suite of wire
Wave energy developer Aquamarine Power today announced its next-generation Oyster wave energy device is to be built in Scotland by leading fabrication contractor Burntisland Fabrications Ltd (“BiFab”). The news follows last week’s announcement of £11 million new investment in Aquamarine Power by mul
E.ON has sold the 3.5 percent stake in Gazprom held by its subsidiary E.ON Ruhrgas. E.ON reached an agreement to sell a 2.7 percent Gazprom stake to Vnesheconombank (VEB), Russia’s state-owned investment bank. The payment of the purchase price and the transfer of the stock to VEB are expected to tak
Mechanical engineering specialist, EnerMech, has backed up its ambition to develop a global business with the £4 million purchase of its headquarters building in Aberdeen. In addition to the purchase of the previously leased property, a £400,000 refurbishment programme is underway, which includes pl
In July this year Kleven Maritime entered into a contract with Eidesvik Offshore for the delivery of one advanced Platform Service Vessel of the VS 489 LNG design, with one optional vessel to be declared before December 1st 2010. This option has now been declared. The vessels are to be outfitted at
