Faroe Petroleum, the independent oil and gas group focused on oil and gas exploration in the Atlantic Margin, Norway and the North Sea, announces its unaudited Interim Results for the six months ended 30 June 2010. Highlights Operations * Significant gas and condensate discovery in the Fogelberg wel
FoundOcean, the subsea and offshore grouting specialist for the global energy construction industries, has mobilised grouting equipment and eight offshore personnel from Stavanger, Norway to the North Sea to perform jacket upgrade operations through member strengthening to the Valhall Quarters Platf
The Thai state-controlled company at the centre of last year’s Timor Sea oil spill – one of Australia’s worst environmental disasters … (news) [mappress] Source: news, September 21, 2010
Polarcus Limited announced today that the Company is upgrading POLARCUS SAMUR from the current 6 streamer arrangement to an 8 streamer configuration. The upgrade will enable the Company to take advantage of the evolving seismic market environment and provide the flexibility to tender the vessel on a
The following operational update concerns Cairn’s exploration drilling campaign offshore Greenland. Alpha-1S1 The multiple-objective Alpha-1S1 well has reached an intermediate depth of 4,358 metres (m) in volcanic sections. Following the conducting of extensive logging operations the well is now bei
Det norske oljeselskap ASA has signed a contract with Aker Drilling for the charter of the rig Aker Barents for the period from July 2012 to July 2014. Det norske’s current rig contracts expire in 2012. The charter for Aker Barents ensures that Det norske will have rig capacity for operations in dee
BP announced today its intent to join the proposed Marine Well Containment Company (MWCC) and to make its underwater well containment equipment available to all oil and gas companies operating in the Gulf of Mexico. This and other equipment will preserve existing capability for use by the oil and ga
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3, OTC:OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced that it has identified the presence of hydrocarbon in the Maastrichtian section of well 1‐OGX‐20‐RJS, located i
If exploration drilling fails to prove oil or gas, or if the proven petroleum volumes are too small to warrant profitable development, then the main rule is that the area shall be relinquished to the authorities. Relinquishment takes place at the end of the initial period (the exploration period), o
Chevron Corporation announced that its Turkish subsidiary has signed a Joint Operation Agreement with Turkey’s state oil company for an exploration license in the Black Sea. “This agreement represents a significant exploration entry into a highly prospective new basin,” said George Kirkland, vice ch
Gulf Island Fabrication, Inc. announced , that through its subsidiary Gulf Marine Fabricators, L.P., it received a Letter of Authorization to enter into a Contract for the fabrication and integration of the topsides of a major deep-water Gulf of Mexico project. The signing of the Contract is conting
Artumas Group Inc. announced that it has completed the process of changing its name to Wentworth Resources Limited. The Annual General and Special Meeting was held on September 17, 2010, at which time a motion was tabled and seconded to approve, by special resolution, the changing the name of the Co
US based Global Industries is about to take delivery of the first of two deep-water derrick pipelay vessels from Keppel Singmarine, Singapore. The vessels are designed by Ulstein Sea of Solutions in The Netherlands. The first newbuild, the Global 1200, was named on 18 September. The vessel is in its
McMoRan Exploration Co. announced an agreement to acquire Plains Exploration & Production Company’s shallow water Gulf of Mexico (GOM) shelf assets for a combination of stock and cash. Under the terms of the transaction, McMoRan will issue 51 million shares of McMoRan common stock and $75 million in
