Energy XXI has successfully installed and placed in service a bi-directional pipeline lateral between its Main Pass 61 and 73 fields offshore Louisiana, restoring more than 2,000 barrels of oil equivalent (BOE) per day of production that had been shut-in on April 6 by a rupture of the third-party-ow
A federal judge Tuesday struck down the Obama administration’s six-month moratorium on deep-water drilling in the Gulf of Mexico… Source: Seattletimes, June 23, 2010:
Master Marine AS announced that on June 11th the Company formally took delivery of the newbuild jack-up vessel L205 ( “Haven”) from Drydocks World, Graha Shipyard at Batam, Indonesia. The Jack-Up L205 is the first of two innovative jack-up construction vessels that the company ordered in 2007. This
Sembcorp Marine marked a major milestone in its growth and expansion strategy today with the ground-breaking of its Integrated New Yard Facility at Tuas View Extension. Representing Singapore’s first integrated yard facility, this landmark development will further reinforce Sembcorp Marine’s competi
Environmental activists say an oil spill off the coast of Egypt’s Red Sea, which has left turtles and sea birds covered in oil, is… [mappress] Source: Watoday, June 22, 2010;
The John-14 rig was transported without incident to the drilling site on the Ngaji (Silverback) prospect in May and June. The Ngaji location was chosen as it was deemed the best place to test the geology of the Lake Edward Basin in Uganda; specifically designed to identify elements of a working petr
Brazil’s state-run oil company announced Monday it will invest 224 billion US dollars through 2014 and double production by 2020. About … [mappress] Source: Mercopress, June 22, 2010;
The Increase in Oil Production in Nigeria Has Catapulted the Economy of Nigeria By 7. 23 Per Cent in the First Quarter of 2010. [mappress] Source: Dailyindependent, June 22, 2010;
Technip has been awarded a major four-year term agreement by BG Group for the provision of pre-FEED(1), FEED, full EPIC(2) and IRM(3) services in both the United Kingdom and Norwegian Continental Shelves. The agreement contains a provision to extend the contract with a further three one-year options
FMC Technologies, Inc. announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Pan Pandora field. The award has a value of approximately $70 million in revenue to FMC Technologies. Pan Pandora is an offshore oil and ga
AGR Goup wholly owned subsidiary, AGR Drilling Services Pty Ltd (“AGR DS”), has today signed a contract with Van Oord Australia Pty Ltd (“Van Oord”) whereby AGR DS will provide excavation services to the Gorgon Project. Under the contract AGR DS will provide UK sister company AGR Subsea Ltd’s well-p
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has entered into a contract for the provision of the accommodation semi-submersible Borgholm Dolphin with BP Exploration Operating Company Ltd. The contract is for a nine month period commencing first quarter 2011 supporting operations on
Spring Energy has successfully amended its exploration loan facility with its banking group that comprises Merchant Banking, Skandinaviska Enskilda Banken AB , DnB NOR (“DNB”) and BNP Paribas Spring Energy has secured commitments from the Lenders to increase the Facility amount from NOK1,000 million
Hess Corporation today announced it has exercised its right to pre-empt Total’s sale to BP of its interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod. Hess will gain additional interests of 7.85 percent in Valhall and 12.5 percent in Hod for $496 million in cash. Together wit
