Premier’s 2010 Preliminary Results will be announced on Thursday 24th March 2011. A Trading and Operations Update is planned for Thursday 13th January 2011. HIGHLIGHTS * 2010 production guidance maintained at around 44 kboepd (2009: 44kboepd); we reiterate our targets of 75 kboepd in 2012 rising the
The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6305/4-2 S, cf. Section 8 of the Resource Management Regulations. Well 6305/4-2 S will be drilled from the West Navigator(photo) drilling facility at position 63°38’ 14.97” north and 5°17’ 54.15” east, after
Rem Offshore ASA has 9 modern vessels in operation. In addition the company has 5 vessels under construction. Rem Offshore ASA had operating revenues of NOK 138.9m in Q3 2010 (NOK 104.5m in Q3 2009). Operating profit before depreciation (EBITDA) in Q3 was NOK 83.7m (NOK 56.5m). Profit after tax in Q
Providence Resources P.l.c. („Providence‟), the AIM and ESM listed exploration and production company, is pleased to provide a status update on its Spanish Point Project, which is located in Frontier Exploration Licence (FEL) 2/04 in the Main Porcupine Basin, offshore western Ireland. The Spanish Po
MEO Australia Limited has received regulatory approval for the transfer of Gascorp Australia Pty Ltd’s (“Gascorp”) 15% equity in exploration permit WA-361-P to MEO’s subsidiary company North West Shelf Exploration Pty Ltd. Following receipt of this approval, MEO has paid Gascorp US$1 million cash to
GE has further expanded its Oil & Gas business’ portfolio capabilities with today’s inauguration of a new $3M investment subsea equipment testing facility in Warsaw, Poland, opened in partnership with the Warsaw Institute of Aviation and Engineering Design Center. The new Warsaw Subsea Test Lab prov
Sembcorp Marine’s subsidiary PPL Shipyard has signed a US$195 million contract to sell a jack-up rig, already under construction, to Transocean Ltd, the world’s largest drilling contractor and the leading provider of drilling management services worldwide. The jack-up rig is based on PPL Shipyard’s
The Board of Directors of Kencana Petroleum Berhad announces that its wholly owned subsidiary, Kencana HL Sdn. Bhd. (“KHL”) has secured contracts from Sarawak Shell Berhad (“SSB”) for the fabrication of compression modules and tie-in modifications (“Contracts”). Under the Contracts, KHL is to undert
Petroleum Geo-Services ASA (“PGS” or the “Company”) has decided to effect a private placement, directed towards professional Norwegian and international investors, after the close of Oslo Børs today. The private placement comprises of up to 19,799,998 new shares, with the price to be determined thro
Woodside Petroleum has all but completed the last of the five gas wells which underpin its $13 billion Pluto LNG project. Having flared … By Sean Smith (The West Australian) [mappress] Source: thewestaustralian, November 15, 2010;
Seadrill has entered into an agreement for the construction of two jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Co., Ltd (DSIC) in China. The new units are scheduled for delivery in the fourth quarter 2012 and first quarter 2013 respectively, and total project cost is estimated a
The managing director of the Pars Oil and Gas Company (POGC), Dr. Ali Vakili says during the current Iranian calendar year, 1389 … Source: Shana.ir [mappress] Source: Shana, November 15, 2010;
Eni announces the successful results of the Perla 3 well, located in the Cardón IV Block, in the shallow water of the Gulf of Venezuela. This well confirms Perla as a world-class supergiant gas discovery, one of the most significant in recent years and the largest ever in Venezuela, upgrading curren
Advent Energy Ltd (Advent) announces that it has received approval from Industry & Investment NSW (I&I NSW) for the drilling of New Seaclem-1, offshore Newcastle, NSW. The NSW Department of Industry & Investment trades as Industry & Investment NSW (I&I NSW). Approval has been granted for Asset Energ
