Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and production company, whose shares are listed in London (AIM) and Dublin (ESM), provides an update on its Dalkey Island exploration prospect in the Kish Bank Basin, offshore eastern Ireland. The Dalkey Island prospect is
BG Group today announced a 2.7 billion barrels of oil equivalent (boe) upgrade to estimates of gross resources for the Tupi, Iracema, and Guará fields in the Santos Basin, offshore Brazil. BG Group’s new aggregate best estimate of economically recoverable gross resources* for these fields amounts to
W&T Offshore, Inc. today provides financial and operational results for the third quarter 2010. Some of the highlights for the third quarter 2010 include: * Earnings per share increased for the third quarter to $0.36 from a loss per share of $0.02 in last year’s third quarter and EPS excluding speci
Anadarko announced the Badik discovery, located in the Tarakan Basin of Indonesia, encountered approximately 133 net feet of oil and natural gas pay. The well was drilled to a total depth of approximately 12,950 feet in approximately 230 feet of water. The company and its partners are currently eval
Lundin Petroleum AB (Lundin Petroleum) recently announced that drilling of exploration well 3/8-1 on the Barchan prospect has commenced. The well is located in licence PL400 in the Norwegian North Sea. PL400 is located some 12 km east of the Trym Discovery in the Southern North Sea, close to the bou
Fugro Multi Client Services has started the NL-DEF-3d multi-client survey in the Netherlands. This major multi-client 3D survey, is designed to provide modern 3D long offset seismic data to boost exploration in the Dutch D, E and F blocks of the North Sea. The survey is covering over 6,000 sq.km ext
BP’s third-quarter replacement cost profit was $1,847 million, compared with $4,981 million a year ago. For the nine months, replacement cost loss was $9,528 million compared with a profit of $10,508 million a year ago. * The group income statement for the third quarter and nine months reflects a pr
Desire Petroleum plc , the oil and gas company wholly focussed on the North Falkland Basin, provides a further update on the 14/15-1Z sidetrack well on the Rachel prospect. Clean out of the sidetrack has not proved possible due to mechanical failure of the wellbore and it will therefore not be possi
Statoil was awarded one licence which covers parts of blocks 8/15 and 9/11D, close to the Statoil-operated Mariner heavy oil discovery, and two licences near the Faroe border. “We are very pleased to secure this new Statoil operated acreage in the UK,” says senior vice president for global explorati
RAK Petroleum Public Company Limited has chartered the first Topaz Wave Piercer for use in the Gulf, the Company announced today. Designed by Incat Holdings Limited of Australia and built by Topaz Marine based in Dubai, the long-term charter vessel will be used for production crews commuting to and
During the period 18-20 August 2010, the Petroleum Safety Authority Norway (PSA) carried out an audit of Gullfaks A, directed towards Statoil’s emergency preparedness management on board. The audit covered various activities, such as document review, interviews, inspections, meetings/presentations,
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 success in the UKCS 26th Seaward Production License Round, expanding the Company’s portfol
The British oil industry has threatened to take legal action to defend its interests in the North Sea against offshore wind farm developers. By Tim Webb (The Guardian) [mappress] Source: Guardian, November 1, 2010;
Peter Immerz is the new General Manager of RWE Dea in Turkmenistan. Immerz takes over from Heiko Oppermann, who until now held the position of General Manager of RWE Dea AG, Turkmenistan Branch. “As the scale of our operations in Turkmenistan increases, it makes sense to expand our permanent presenc
