Apache Corporation today announced that its Maule Field in the United Kingdom sector of the North Sea has commenced production at approximately 11,750 barrels of oil per day. The new field was brought on production approximately eight months following the October 2009 discovery. Apache holds a 100-p
TGS announces 1 July 2010 as the official start date for the company’s new Chief Financial Officer, Kristian Johansen. Kristian’s appointment had been announced earlier; however he has been prevented from fully engaging with TGS due to commitments with his previous employer. Robert Hobbs, Chief Exec
Noble Corporation today announced that it has entered into a definitive merger agreement pursuant to which it will acquire privately held FDR Holdings Limited (“Frontier”) in a cash transaction which values the enterprise at $2.16 billion. Frontier is an independent drilling company consisting of th
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea Source Control and Containment Two systems continue to collect oil and gas flowing from the Deepwater Horizon’s failed blow-out preventer (BOP) and transport them to vessels on th
Libya will allow BP to begin drilling in its offshore deepwater region next month, despite the extensive Gulf of Mexico oil spill, the head of Libya’s National Oil Co. said Sunday. Shokri Ghanem, who serves as Libya’s de facto oil minister, said the April explosion of the Deepwater Horizon rig, and
Statoil has signed a three-year contract with Stena Drilling for hire of the Stena Don drilling rig. The contract value is USD 437 million over a period of three years. Plans call for the semi-submersible rig to be used for drilling on the Norwegian continental shelf (NCS). The rig was also under co
AWE Limited advises that the Kahu-1 well started drilling at 0600 hours (NZ Time) on 28 June, 2010. The Kahu-1 well is an exploration well within PMP 38158, located approximately 3 kilometres east of the producing Tui oil field. Kahu-1 will test the Kapuni group sands within a large incised valley f
Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap ASA a drilling permit for wellbore 24/12-6 S, cf. Section 8 of the Resource Management Regulations. Wellbore 24/12-6 S will be drilled from the Songa Delta drilling facility at position 59° 3’ 54.3” north 1° 45’ 15.2” east afte
Mainboard-listed CH Offshore said it has entered into a memorandum of understanding to sell a vessel for US$9.5 million. [mappress] Source: channelnewsasia, June 28, 2010
BG Norge AS, operator of production licence 297, is in the process of completing the drilling of wildcat well 1/3-12 S. The well is located about 30 km northwest of the Ekofisk field in the southern part of the North Sea. The purpose of the well was to prove petroleum in reservoir rocks in the [&hel
SBM Offshore NV (Amsterdam: SBMO) has successfully completed the refinancing and expansion of its existing revolving credit facility of USD500m to a new USD750m facility. The company said today that the targeted syndication to a select group of banks found very strong interest and resulted in a subs
The seismic/research vessel Oceanic Vega for the shipowner Eidesvik Seismic Vessels AS, has the last week been on successfully sea trials. Oceanic Vega is a seismic/research vessel of type ULSTEIN SX120, and is the first of two sisterships for the shipowner Eidesvik Seismic Vessels AS. The ship goes
Minister Conor Lenihan announced details of new exploration opportunities in Irish waters – the “2011 Atlantic Margin Licensing Round”. The Minister also announced details of a new joint Ireland/Newfoundland-Labrador research project involving a plate reconstruction of the North Atlantic. The 2011 A
Offshore drilling typically refers to the discovery and development of oil and gas resources which lie underwater. Most commonly, the term is used to describe oil extraction off the coasts of continents, though the term can also apply to drilling in lakes and inland seas. Offshore drilling presents
