Karoon Gas Australia has informed that Poseidon North‐1, the fifth well in the Browse Basin Phase 2 exploration drilling campaign, was spudded at 21:40 WDT on 19 March 2014. The Poseidon North‐1 exploration well, located 6.5 kilometres north‐east of Poseidon‐1 in permit WA‐315‐P, on the crest of a l
Ophir Energy Plc announced preliminary results for the year ended 31 December 2013 and its future outlook. Full Year Results Highlights: Announced the divestment of a 20% interest in Blocks 1, 3 and 4 Tanzania to Pavilion Energy for US$1.288 billion. This transaction is now unconditional with all co
Gazprom Neft has become the first Russian company to join the Arctic Oil Spill Response Technology Joint Industry Programme (JIP) run by the world’s largest oil and gas companies. The four-year JIP was launched in December 2012 to carry out research in several areas, including studying the fate of d
Statoil Petroleum AS, operator of production licence 120, has concluded the drilling of wildcat well 34/8-17 S. The well was drilled on the northeast flank of the Visund field, in the northern part of the North Sea. The well’s primary exploration target was to prove petroleum on the east flank of th
CNOOC Limited has recently made a new mid-sized gas discovery Lingshui17-2, which indicated the first breakthrough on the independent deepwater exploration in Qiongdongnan Basin of South China Sea. Lingshui17-2 is located in the east Lingshui Sag in deepwater area of Qiongdongnan Basin, with the ave
Petrobras announces that the production platform P-58 started-up operation in the complex known as Parque das Baleias, off the coast of Espírito Santo state in Campos Basin, in line with the company’s 2014-2018 Business and Management Plan, through the well 7-BFR-7-ESS, a pre-salt reservoir producer
Recently Jumbo signed a Contract with Subsea 7 for the provision of the FPSO Mooring Piles and Ground Chains Installation for the Dana Western Isles Development Project (WIDP). Installation of the mooring piles and chains will be done by Jumbo’s Fairplayer, a Dynamically Positioned Heavy Lift Vessel
Ophir Energy has concluded drilling operations on the Padouck Deep-1 well in the Ntsina Block offshore Gabon. Ophir has a 50% net operated interest. The well was drilled by the Vantage Titanium Explorer drillship to a depth of 3,297m TVDSS targeting the Cretaceous Gamba and Coniquet/Dentale sands in
Level 3 Communications, Inc. announced the construction of a new undersea cable, connecting Colombia to its international network. The terrestrial segment of the cable in Colombia is being constructed in conjunction with EMCALI (Empresas Municipales de Cali), a state-owned utilities services company
DeepOcean UK, a subsidiary of DeepOcean Group Holding BV, has been awarded a significant contract, for trenching services on the Western HVDC Link project. The contract was awarded by Prysmian Group. DeepOcean’s scope of work includes pre-lay survey, pre-lay grapnel run, post-trench survey and trenc
AWE Limited reported that the Pateke-4H development well was preparing to sidetrack a short section of lower wellbore. The mechanical drill string difficulties experienced in the original hole were unable to be fully resolved and the lower part of the hole has been abandoned. It is now proposed to s
Tug Fairmount Glacier has towed pipelay vessel Castoro Sei to Rotterdam, the Netherlands, from where the vessel will start her seasonal activities on the North Sea. The Fairmount Glacier hooked-up with Castoro Sei in Genoa, Italy. The Castoro Sei is a 28,000 ton DWT 152 meters long semi-submersible
TechNavio’s analysts forecast that the wind turbine service market in Europe will grow at a compound annual growth rate (CAGR) of 9.02 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in aging wind farms. The wind turbine service market in
Chariot Oil & Gas Limited’s wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has been awarded a 75% interest and operatorship of the Mohammedia Reconnaissance Licence offshore Morocco in partnership with the Office National des Hydrocarbures et des Mines (“ONHYM”) which hold
