RWE Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions – the biggest single investment for the upstream company to date. Together with the Egyptian Petroleum Minister Sameh Fahmy, the Egyptian state-owned compan
Marathon Oil Corporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. Marathon owns a 100 percent working interest in Droshky, which is expected to produce approximately 50,000 net barrels of oil equivalent per day at its peak,
The field will produce 4.5 million scm/day of gas which will contribute about 8,500 boe/day to Eni’s equity share production. Eni has started gas production from the Tuna field, within the Temsah Concession, which is located in the Mediterranean off the coast of Egypt. By the end of its ramp-up peri
Dril-Quip, Inc. announced that it has been awarded a contract valued at approximately US $100 million by FloaTEC de Mexico S.A. de C.V. to supply drilling and production equipment for the P-61 Tension Leg Wellhead Platform (TLWP) to be installed in the Papa Terra field located in the Campos Basin of
Halliburton announced today that income from continuing operations for the second quarter of 2010 was $474 million, or $0.52 per diluted share. Net income for the second quarter of 2010 was $480 million, or $0.53 per diluted share. This compares to net income for the first quarter of 2010 of $206 mi
VAALCO Energy, Inc. provided an update on the Southeast Etame No. 1 exploration well which, as previously announced, was drilled to a total depth of 9,045 feet (2,757 meters) offshore Gabon encountering approximately sixteen feet (five meters) of Gamba sandstone section which logged oil full to base
Seadrill informs that the ultra-deepwater semi-submersible rig West Orion has commenced drilling operations for Petroleo Brasileiro S.A – Petrobras offshore Brazil. West Orion, which was delivered from Jurong Shipyard in Singapore on April 20 this year, arrived offshore Brazil in early July and has
Norwegian Energy Company ASA has entered into an agreement to sell its 20% interest in PL378 to Talisman Energy Norge AS for a consideration of USD 43 million. The license contains the Grosbeak oil discovery. “We are pleased to be part of the exploration success and to be able to monetize the Grosbe
TGS announced acquisition commencement of 15,000 km of multi-client 2D seismic data off the northwest coast of Greenland in Baffin Bay. This season marks the 12th consecutive year of new data acquisition by TGS in Greenland. TGS will utilize the M/V Bergen Surveyor to acquire the survey. The data pr
AWE Limited advises that at 0600 hours today (NZ time) the Kahu-1 exploration well was starting plug and abandonment operations. Wireline logs were acquired after reaching a total measured depth of 3,835 metres. No significant hydrocarbons were detected within the target sandstone reservoirs. The Ka
Mr. Naresh Kumar, Managing Director, Jindal Drilling & Industries Ltd has been re elected as the President of Petrotech Society. He was re-elected unanimously in the 19th Governing Council Meeting of the Society, to serve his fourth consecutive term as the President. Petrotech Society is India’s lea
Brazil’s government controlled energy giant Petrobras began commercial crude production Thursday from a deepwater deposit in the pre-salt… [mappress] Source: Mercopress,July 16, 2010;
Fugro Brasil’s new office was officially opened on 22 June in the presence of CEO Klaas Wester, local dignitaries and clients. The new site (pictured) is located in the business zone Rio das Ostras ZEN, bordering Macaé. This illustrates Fugro’s committment to the Brazilian market of the future. With
Dana Petroleum is pleased to provide an update on its exploration programme and drilling activities. Current Drilling On 14 July 2010, Dana announced its successful appraisal well at the Blackbird oil field in the UK Central North Sea. This well will be completed and flow tested shortly, and is the
