Following a meeting with the President of the United States, the BP Board announces an agreed package of measures to meet its obligations as a responsible party arising from the Deepwater Horizon spill. Agreement was reached to create a $20bn claims fund over the next three and a half years on the f
Valiant Petroleum plc (“Valiant”) announced the second Tybalt exploration well (211/8c-4Z) has been successfully tested, delivering a post clean-up peak rate of 5,400 barrels of oil per day (“bopd”) and 4 million standard cubic feet of gas per day (“mmscfd”) on a 56/64″ choke representing a combined
Deep Down, Inc. is an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services. In response to recent investor inquires, the company commented that the recently announced 180-day moratorium on exploration drilling in water de
CGGVeritas announces the launch of BroadSeis, a new integrated service for high-resolution marine seismic. BroadSeis is an innovative solution based on the deployment of specific configurations of Sentinel solid streamers combined with a new patented imaging technology designed to offer oil companie
Simen Lieungh is stepping down from his position as President & CEO of Aker Solutions. Chief Financial Officer Leif H. Borge will act as President until Lieungh’s successor has been recruited. During this period, Mr Øyvind Eriksen will in his capacity as Executive Chairman of the Aker Solutions Boar
Obama’s Gulf Spill Speech [mappress] Source: Ghanaweb, June 16, 2010:
Ghana is set to begin oil exploration off the Tema coast. An agreement to this effect has been signed and the government later Tuesday … [mappress] Source: Ghanaweb, June 16, 2010:
Neon Energy Limited is pleased to announce the completion of 2D seismic acquisition operations in Block 120 and Block 105-110/04 (“Block 105”) offshore Vietnam. The Aquila Explorer seismic vessel, contracted from Seabird Exploration, ceased operations on Block 105 on 12 June 2010. The 3,827 km seism
At 2:15 p.m. CDT, the Discoverer Enterprise resumed containment operations following a short outage caused by a lightning strike at 9:30 in the morning . The U.S. Coast Guard gave authorization for the operation to resume at 1:40 p.m. after the ship’s crew completed safety and operational assurance
EnCore Oil plc announces that well testing operations on the EnCore operated ‘Catcher’ oil discovery located in UK Central North Sea block 28/9 have been completed. EnCore and its co-venturers now plan to side-track the well to the Catcher East area. The fluid sampling programme was successfully per
Serica Energy PLC has reached an agreement with BG International Ltd., as operator of the Lomond field, and Dana Petroleum Ltd., as operator of the Arran field (formerly the Barbara and Phyllis fields), whereby BG will carry out front end engineering and design work (FEED) for a bridge-linked platfo
The Fushia 1 exploration well has been drilled to a total depth of 2959 metres. Well site hydrocarbon shows and logging whilst drilling has confirmed that the well has discovered a 15 metre gas column in the Birsa Formation sandstones. The logs indicate that the sandstone is high quality with a poro
ConocoPhillips Skandinavia (ConocoPhillips) has received consent to use the jack-up drilling facility Mærsk Innovator for well work on Ekofisk 2/4-E Tor. The consent relates to plugging and abandoning four wells, and also re-completing a well. According to the application, the work is expected to st
Libya wants assurances from BP PLC (BP.LN) after its handling of the Gulf of Mexico oil spill but will allow it to start deep-water drilling in the Mediterranean, the country’s top oil official said Monday. “At this point we’re not suspending anything and we’re going to drill pretty soon and some of
