ADX Energy Limited reports on Lambouka-1 Well operations update. Activities during past week The 16″ hole section was successfully drilled to a total depth of 1,476 meters MD. This section of the well was deepened from the originally planned 1341m in order to set casing in a competent shale formatio
Technip has been awarded by Statoil ASA a contract, worth approximately €23 million, for the development of the Snorre field in the Norwegian North Sea. The contract covers the welding and installation of a 9 kilometer-long rigid steel flowline(1) to connect the Snorre A and B platforms. It also inc
BP announced today that it has established a trust and made a $3 billion initial deposit of the previously-announced $20 billion escrow account to pay legitimate claims arising from the Deepwater Horizon incident and the resulting oil and gas spill. “The purpose of the escrow account was to assure t
The Norwegian authorities’ has approved the development plan for the Norwegian gas field Marulk. As earlier announced DONG Energy agreed to the development plan in July 2010. The field is estimated to contain 71 million barrels of oil equivalents (boe) in total commercial reserves and to be in produ
A transaction worth US$2 billion on the sale of Devon Energy company’s share in the Azerbaijani oil and gas project “Azeri-Chirag-Guneshli” will be concluded with British BP on August 16, Devon’s representatives said at the presentation of the report for the second quarter of 2010. According to the
Heerema Vlissingen, one of the three production locations of Heerema Fabrication Group (HFG), has been awarded the EPC contract of a minimum facilities platform for the Breagh A Development. This is the second contract this year to be awarded by RWE Dea UK to Heerema Vlissingen, following an award o
On August 4, the second line of the Nord Stream gas pipeline reached at Russian coast at Portovaya bay near Vyborg. Like the first line… [mappress] Source: oilandgaseurasia, August 9, 2010:
Nido Petroleum Limited (Nido), as Operator of Service Contract 54A (SC 54A), provides an operations update on Extended Well Testing (EWT) activities at Tindalo. Well testing is continuing and the following can be confirmed since the last update: • Approximately 165,000 barrels of oil (@ 60oF) is now
Hyperdynamics Corporation celebrated the launching last week from the Port of Conakry – Guinea’s capital – of the seismic vessel Ramform Challenger, which is scheduled to shoot the 3-D seismic program on the Company’s oil and gas exploration concession area. The Republic of Guinea’s Prime Minister,
Vantage Drilling Company reports a net loss of $(7.0) million or $(0.03) per diluted share for the three months ended June 30, 2010 as compared to net income of $4.0 million or $0.04 per diluted share for the three months ended June 30, 2009. For the six months ended June 30, 2010, Vantage reports a
Songa Venus achieved operating efficiency of 96% during the month, the rig continued its work on the first out of 3 firm wells for Shell Development (Australia). Shell confirmed and exercised first out of 3 optional wells, this well has further been assigned to MEO Australia Limited. Songa Mercur ac
Unions have won a tribunal case on behalf of workers at Cleveland Bridge who were made redundant following the collapse of the SeaDragon contract on Teesside. Darlington-based Cleveland Bridge announced 140 jobs losses last year after being compelled to stop work on the offshore contract. Oil firm S
CNOOC Limited announced today that Bozhong (BZ) 19-4 (shallow formation) oil field in the Bohai Bay has commenced production recently. This oil field is located in the southwest part of Bohai Bay. With an averaged water depth of about 21 meters, the field is approximately 7 kilometers northwest of B
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a contract in the UK sector of the North Sea valued in excess of US $100 million. The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bun
