MEO Australia Limited confirms receipt this afternoon of approximately US$39 million cash consideration from Petrobras in relation to the WA-360-P farm-in. The cash consideration incorporates approximately US$7.5 million of seismic related back costs, together with the first US$31.5 million cash bon
Lukoil, Vanco and state oil company partners GNPC and PETROCI, are preparing for an intensive West African exploration and appraisal drilling program for two contract areas in the Gulf of Guinea, including Cape Three Points Deep Water (CTPDW, Republic of Ghana) and CI-401 (Republic of Cóte d’Ivoire)
Baker Hughes announced today it was awarded a $137-million, eight-year contract extension from Repsol for the exclusive supply and maintenance of electrical submersible pumping (ESP) systems in Ecuador’s Block 16 and Tivacuna production areas. The award covers 200 wells in which Repsol requires ESP
Shell today announces investment to support phase II of the prolific Parque das Conchas (BC-10) project more than 100 kilometres (62 miles) off the coast of Brazil. This significant investment develops the fourth field in the BC-10 block and continues a successful wave of production growth in Shell’
The semi submersible drilling rig “Lone Star” has been delivered and handed over to their client Queiroz Galvão Perfuraçoes S.A. offshore Abu Dhabi on 13 October 2010. The rig is the first out of a series of three semi submersible drilling rigs which the Company will supply to Brazilian clients. Del
When Portlethen Academy pupil Darren Bragg popped along the road for a job interview at a local engineering firm, little did he realise that he would be heading up the company’s new US base just seven years later. Darren left school a fortnight before his 16th birthday and secured employment at near
Technip announces today that it has finalized its agreements with MISC Berhad and Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), two companies within Malaysia’s national oil corporation, Petroliam Nasional Berhad (PETRONAS), to establish their long-term collaboration. As previously ann
Kea Petroleum plc announced that the New Zealand Minister of Energy has granted to Kea Oil and Gas Limited, a wholly owned subsidiary of KEA, a 100% interest in Petroleum Exploration Permit PEP 52333, situated offshore and onshore in the northern part of the Taranaki Basin, New Zealand. PEP 52333 is
Dril-Quip, Inc.today announced that it has been awarded a contract valued at approximately $27 million by Shell Offshore Inc. to supply drilling and production equipment for the Olympus Tension Leg Platform (TLP) to be installed in the Mars field located in the Mississippi Canyon area of the Gulf of
Apache Corporation said that three successful wells appraising the Balnaves-1 discovery in License WA-356-P offshore Western Australia will trigger development planning by subsidiary Apache Julimar Ltd Pty. Balnaves is an oil accumulation in the Mungaroo formation in a separate reservoir beneath the
Edison Capital Partners has brokered a RMB690 million (Approximately USD $104 million) financing deal with the China Development Bank on behalf of the Maritime Construction Services SA Group to acquire the pipe-lay barge “Fortuna.” Edison Capital Partners was able to facilitate the transaction, beli
The European Commission said Wednesday Europe requires legislation to make offshore oil drilling safer, but steered away from imposing … by UPI [mappress] Source: UPI, October 14, 2010;
Coastal Environmental Services, an affiliate of Coastal Construction Group, one of the nation’s leading general contractors with more than $1.2 billion in current projects, has launched a new line of oil skimming boats that promises to leave conventional skimming vessels in its wake. The 38’ Near Sh
Another rapid development is taking shape for Statoil with the Gygrid discovery in the Norwegian Sea, which will extend the production life of the existing Njord platform by several years. “We’ve found a very elegant solution,” reports Olav Lunde, who is project manager for the fast-track field with
