Trapoil, the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, announces that it has entered into non-binding heads of terms potentially to acquire an additional 45 per cent working interest in Licence P 1556, Block 29/1c
Over the next four years, a consortium of nine parties will be investigating how to reduce the cost price of wind energy by developing an innovative electricity infrastructure on the North Sea. Last month, the Dutch government awarded a 2 million euro grant to this innovative ‘plug socket’ project i
Norwegian subsea entrepreneur Ocean Installer and leading offshore engineering and construction company McDermott have established an exclusive alliance to jointly meet customers’ increasing rigid pipelay needs in the North Sea subsea market. The alliance marks McDermott’s re-entry into the North Se
Libyan International Telecom Company (LITC) and Huawei Marine Networks Co, Ltd. (Huawei Marine) announced the commercial launch of Silphium, the first wholly-owned submarine cable system to meet the increasing demand of international communications for the Libyan market. The successful completion of
Lundin Petroleum AB (Lundin Petroleum) announces its 2013 development, appraisal and exploration budget which totals USD 1,700 million. 2013 will be the busiest year in the company’s history both in relation to exploration and development activities. The 2013 expenditure on development projects is b
On December 31st, 2012, the Hebron field development offshore Newfoundland and Labrador in Canada was sanctioned by operator ExxonMobil and its co-venturers. For Statoil, which holds a 9.7% share in Hebron, this is a significant component in the growth of the company’s Canada East Coast operations.
OGX Petróleo e Gás Participações S.A. (“OGX”), Brazil’s largest private oil and natural gas exploration company, announces that it has connected and started its third production well in the Tubarão Azul field, TBAZ-1HP, situated in the Campos Basin, on December 31, 2012, which was under cleaning and
On December 28th, Petrobras submitted Declarations of Commerciality to Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) for the oil and gas accumulations in the Aruanã and Oliva areas, located in concession BM-C-36, block C-M-401, in the Campos Basin post-salt. In the proposal sent
IKM Subsea Singapore has been awarded a contract to provide ROV services onboard a Construction Support vessel for a FPSO Hook-up and Commission project in India. The vessel has been mobilized in Singapore and is currently enroute to India. This is the second contract award in recent months, which o
RTE France is seeking for contractors who will undertake geotechnical and geophysical studies of the seabed prior to the installation of high voltage subsea cables connecting offshore wind farms to land. This includes seabed geotechnical studies to a depth up to about 5-6 m. Works could require geot
Transocean Ltd. announced that it has reached an agreement with the U.S. Department of Justice to resolve certain outstanding civil and potential criminal claims against the company arising from the April 20, 2010, accident involving the Deepwater Horizon in the Gulf of Mexico. As part of this resol
Petrobras has discovered a new post-salt oil reservoir in the ultra-deep waters of the Campos Basin. The discovery was made at well 4-MLS-105D-RJS, informally known as Mandarim and located in the Marlim Sul field at a water depth of 1,874 meters, 126 km off the coast of Rio de Janeiro state. The acc
Subsea 7 S.A. announced the award of a contract valued at approximately US$300 million from Dana Petroleum, for the provision of subsea EPIC services in support of their Western Isles development project. The contract scope includes the engineering, procurement, construction and installation of two
After receiving the Federal Government approval, Grant District Council is now awaiting approvals from the State Government to build the world’s first 1MW wave energy converter off the coast of Port MacDonnell later this year, Border Watch informs. According to Grant District Mayor Richard Sage, the
