The contractor group for BM-S-11 in ultra-deep water of Santos Basin, including Galp Energia, Petrobras and BG Group, informs that concluded the drilling of the ninth well located in Tupi’s area, confirming the estimated volumes of recoverable light oil and natural gas in the range between 5 and 8 b
The American Society of Mechanical Engineers (ASME) has cited the French company Technip for an innovative technology that allows pipeline operators to transfer liquified natural gas over long distances. ASME presented the 2010 Global Pipeline Award to Technip at the recent International Pipeline Co
BG Group (60%) today announced that the Pweza-1 exploration well, located in Block 4 approximately 85 kilometres offshore southern Tanzania and in a water depth of 1 400 metres, has demonstrated the presence of a working hydrocarbon system after encountering gas-bearing sands. In May 2010, BG Group
Schlumberger Limited today reported third-quarter 2010 revenue of $6.85 billion versus $5.94 billion in the second quarter of 2010, and $5.43 billion in the third quarter of 2009. Net income attributable to Schlumberger, excluding charges and credits, was $875 million—an increase of 7% sequentially
Keppel Corporation Limited wishes to announce that its wholly-owned subsidiary, Keppel FELS Limited (“Keppel FELS”), has entered into a Letter of Intent with Mermaid Maritime Public Company Limited (“Mermaid”) to build two KFELS B Class jackup rigs worth US$360 million. In addition to these, Mermaid
Total today announces the signature of an agreement with Yam’s Petroleum to acquire a 60% interest in the CI-100 license. Through this agreement, Total becomes the project operator. Yam’s Petroleum retains a 25% interest and Côte d’Ivoire’s national oil company Petroci holds the remaining 15%. The t
The current joint venture partners (Sonangol and SBM Offshore) of Paenal Yard in Porto Amboim, Angola and Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea have signed an agreement in which DSME will acquire a 30% share in the Paenal Joint Venture. Effective shareholdings after the tran
SEACOR Holdings Inc. (NYSE: CKH) today announced its results for the third quarter of 2010. Net income attributable to SEACOR Holdings Inc. for the quarter ended September 30, 2010 was $149.9 million, or $7.14 per diluted share, on operating revenues of $979.8 million. For the nine months ended Sept
The plan for development and operation of the Valemon field in the North Sea has been submitted to the Ministry of Petroleum and Energy today with the goal of starting production in 2014. Calling for the installation of a new unstaffed platform, the PDO has been presented for official approval by op
The signing of these contracts will allow Eni to operate Block 1 and Block 2 with 100% participation interest and immediately perform all… [mappress] Source: Eni, October 22, 2010;
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 15/6-11 S, cf. Section 8 of the Resource Management Regulations. Wellbore 15/6-11 S will be drilled from the drilling facility Ocean Vanguard in position 58º 34’ 08.32” north 01º 42’ 10.54” east after
MEO Australia Limited is pleased to advise completion of the final step in acquiring an additional 5% interest in WA-360-P with the payment of US$5.5 million to Rankin Trend Pty Ltd (a wholly owned subsidiary of Moby Oil & Gas). The 5% participating interest is free carried through the drilling of A
Aker Solutions has agreed to transfer ownership in its subsidiary Aker Marine Contractors (AMC) to Singapore listed company Ezra Holdings Ltd (Ezra) in exchange for equity instruments in Ezra and cash. In addition, 50% of Aker Solutions’ ownership in the Aker Connector installation vessel will be tr
OGX Petróleo e Gás Participações S.A. , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today that it has identified an oil-bearing interval in the Albian section of well 3-OGX-21D-RJS, the first appraisal well targeting the Waim
