BP and the Gulf of Mexico Alliance today announced plans for the implementation of BP’s $500 million Gulf of Mexico Research Initiative (GRI) to study the effects of the Deepwater Horizon incident and the potential associated impact on the environment and public health. On May 24, BP announced the o
RWE Dea announced today the signature of a suite of agreements providing for the processing and redelivery at the Teesside Gas Processing Plant (TGPP) of gas to be produced from its operated Breagh gas field in the UK North Sea, including agreements to facilitate the construction of a 10km long onsh
Norwegian Energy Company ASA has signed an agreement to sell its shares in the Norwegian oil fields Oselvar and Enoch to Marubeni Corporation (Marubeni). Noreco’s main focus is finding oil and gas, and over the last years we have built a strong track record of exploration success. The final proof of
The partners in block 15/06 announce a successful oil discovery in the Cabaça South East-2 well in block 15/06, located offshore Angola. “I am very pleased with the successful discovery in block 15/06. This illustrates that this profilic basin will continue to deliver significant volumes to Statoil,
French Jifmar Offshore Services has ordered two Saab Seaeye Cougar XT ROVs for a new Algerian contract. This important new project will involve work at three different oil terminal points where the ROVs will be used for inspection, maintenance and repair (IRM) tasks on structures, pipes, manifolds a
Financial Results for the Half Year ending June 30th 2010 Revenues for the first half of 2010 were up 8.3% to €11.335 million from €10.464 million due to increased volumes, product mix and the strength of the dollar relative to the euro. The average oil price per barrel achieved in H1 2010 was $78.4
BP is to create a new safety division with sweeping powers to oversee and audit the company’s operations around the world. The Safety & Operational Risk function will have authority to intervene in all aspects of BP’s technical activities. It will have its own expert staff embedded in BP’s operating
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces certain changes to its licence arrangements with the Falkland Islands Government. Northern licence area Due to the tight rig market it is increasingly unlikely th
The Petroleum Safety Authority Norway (PSA) has carried out an audit of the management of risk, health, safety, working environment and emergency preparedness in connection with simultaneous operations and modifications on Troll A. The audit was carried out through meetings, interviews and verificat
Hallin Marine Subsea International Ltd, a Superior Energy Services company, has recently been awarded and carried out a free span correction contract offshore Taiwan. The contract was awarded by the CPC Corporation, Taiwan (CPC), and was carried out in water depths of between 80 and 110 metres by Ha
Exxon Mobil Corporation announced today the startup of production from the Odoptu field at the Sakhalin-1 project offshore northeastern Russia. ExxonMobil subsidiary Exxon Neftegas Limited (ENL) is operator on behalf of the five-company international Sakhalin-1 Consortium. “The project applies indus
Royal Dutch Shell plc (“Shell”) reconfirmed strong momentum in its businesses in the Americas for a group of shareholders and analysts today, visiting Upstream assets in Canada. Shell’s oil & gas production in the region could reach 1 million barrels of oil equivalent per day in 2014, an increase of
The State Oil Company of Azerbaijan (SOCAR) continues developing offshore gas production. [mappress] Source: AzerbaijanBusinessCenter,September 29, 2010,
Under the charter contract with Centrica Energy Upstream, the charter is automatically extended by six months unless notice is given six months prior to the expiration of the contracted period. The expiration of the initial contracted period is March 28, 2011, and the charter for FPSO Sevan Hummingb
