The Department of the Interior announced two new rules that will help improve drilling safety by strengthening requirements for safety equipment, well control systems, and blowout prevention practices on offshore oil and gas operations, and improve workplace safety by reducing the risk of human erro
Total announces the signature of an agreement with Pearl Oil (Sebuku) Ltd (“Pearl”), a subsidiary of Mubadala Development Company PJSC, to acquire a 15% interest in the Sebuku license, in which the Ruby gas discovery was made. Under the terms of the agreement, Pearl Oil, as operator, will retain a 7
Total announces that its subsidiary, Total E&P Vietnam, and its partners on Block 15-1/05, have discovered oil in the Lac Da Vang prospect, located in the southern part of the block in the Vietnamese offshore. The Lac Da Vang exploration well is located approximately 125 kilometres to the East of th
Environmental Defense Fund praised two new federal rules that will help improve drilling safety by strengthening requirements for safety equipment, well control systems, blowout prevention practices on offshore oil and gas operations, and improve workplace safety by reducing the risk of human error.
Keppel FELS Limited has secured new contracts worth about US$101 million (S$134 million) to complete and refurbish two semisubmersible drilling rigs respectively for Saipem S.p.A and Ensco plc. Mr Wong Kok Seng, Executive Director of Keppel FELS said, “Rig completions and refurbishments are highly c
STX Europe AS is considering a listing (the “Listing”) of its offshore and specialized vessels division (“OSV”) on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). Prior to the Listing, STX Europe AS will transfer ownership in the entities forming part of OSV to a
Hess Corporation today announced the completion of two transactions that bring Hess’ interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod, to 64.05 percent and 62.5 percent respectively. On Sept. 29, Hess and Shell concluded a strategic trade in which Hess assumed Shell’s 28.0
OGX Petróleo e Gás Participações S.A. (“OGX”), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that it has identified hydrocarbons indicative of light oil and gas in the Santonian section of well 1-OGX-19A-RJS, located in the BM
INPEX CORPORATION announced that through its wholly owned subsidiary, INPEX South Makassar, Ltd. (INPEX), it has been granted the approval of the Indonesian Government to acquire a 15% participating interest in the Sebuku Block from Pearl Oil (Sebuku) Limited* (Pearl Oil). Sebuku Block is located 30
Seadrill Limited announces today that it has successfully completed issuance of a US$350 million bond in the international market. The senior unsecured bonds have a coupon of 6.5% payable semi-annually in arrears and mature in October 2015. The bonds will be issued and redeemed at 100% of their prin
Aker Solutions has been selected to supply further subsea umbilicals for leading US independent oil and gas company Noble Energy Inc. The deal is worth approximately NOK 270 million. This latest order is an exercise of options agreed under the initial NOK 650 million umbilical contract which was ann
Prosafe and Interpetroleum Services Limited have agreed to extend the bareboat contract for use of the semi-submersible accommodation rig Jasminia in the Cantarell field for Pemex in Mexico with 159 days. This is the first of a series of mutually agreeable extensions with a duration of up to six mon
In accordance with standards set by the Brazil National Petroleum Agency (ANP), regulator of the Brazil oil sector, Anadarko, the operator of Block BM-C-29, reported that it has confirmed the presence of hydrocarbons in the Itauna well in which Ecopetrol is a 50% partner through its affiliate in Bra
INPEX CORPORATION (INPEX) announced today that it has completed the sale of all of its interests in Offshore Northwest Java Block (*) and Offshore Southeast Sumatra Block (**) to PT Pertamina Hulu Energi, the subsidiary of PT Pertamina, Indonesia. INPEX participated in Offshore Northwest Java Block
