Iran plans to increase production at the Forouzan oilfield, which is shared with Saudi Arabia, by 40 percent by the end of the… (tehrantimes) [mappress] Source: tehrantimes , January 02 , 2012; Image: EU
The Batam-Dumai-Melaka (BDM) high bandwidth optical fibre submarine cable system, directly connecting Malaysia and Indonesia, has been compl… (Bernama) [mappress] Source: Bernama , December 30, 2011
Providence Resources P.l.c. confirms that it has closed its transaction to divest its Nigerian subsidiary, which holds its interest in OML 113 offshore Nigeria to Jacka Resources Limited. Under the terms of the transaction, the total consideration payable by Jacka is $16 million, $10 million of whic
Yesterday in Moscow the Turkish party officially handed a note by the Turkish Ministry of Foreign Affairs regarding the South Stream project at a meeting between Vladimir Putin, Prime Minister of the Russian Federation and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Tur
Aker Solutions has been awarded a job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf. The contract value is approximately NOK 400 million. Scope of work includes two subsea trees, one four-slot inte
Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced that the UK Department of Energy and Climate Change (“DECC”) has approved the Field Development Plan (“FDP”) for the Causeway Field in the UK North Sea Block 211/23d. Antrim hold
Hyperdynamics Corporation today announced it has resumed drilling operations on the Sabu-1 exploration well in its concession offshore the Republic of Guinea in West Africa. Drilling recommenced from a point 1,440 meters subsea and is planned to continue to a total depth of 3,600 meters. Hyperdynami
The telecommunications service provider du has reported that one of the two under-sea cable cuts reported earlier this week, was fixed and connection is renewed. “We are happy to report some updates on the cable cuts matter as we received a confirmation from operators of SMW3 that the cut has been r
Endeavour International Corporation announced that its subsidiary, Endeavour Energy UK Limited, has entered into a purchase and sale agreement to acquire ConocoPhillips’ interest in three producing U.K. oil fields in the Central North Sea for $330 million, including approximately $94 million of tax
Otto Energy Ltd announces that it has executed the final farm‐in agreements supporting BHP Billiton’s earlier decision to enter into Service Contract 55, Offshore Palawan, Philippines. The execution of the final documents follows the previously announced decision by BHP Billiton to exercise their fa
SBSS DPII vessel Bold Maverick successfully completed a diving support work for an E&P project of Total in Sisi Nubi field, Balikpapan, Indonesia in Nov/Dec 2011. In this work, Bold Maverick was chartered by Hallin Marine to support saturation diving operation for offshore platform debris removal. T
Catalist listed, IEV Holdings Limited announced that it commenced a second turnkey decommissioning project for an established oil and gas operator in Malaysia, in an addition to the one secured earlier in June 2011. This is pursuant to the receipt of an award of contract by its 30% associate, IEV (M
Polarcus Limited announces that the Company has received a Letter of Award from an undisclosed client for a 3D seismic acquisition project offshore Greenland. The project will commence in July 2012 and is expected to run for approximately 70 days. About Polarcus Polarcus is a pure play marine geophy
Statoil and its partners are considering developing the Skrugard discovery in the Barents Sea by means of a floating production unit with the additional capacity to process and transport from other prospects in the area. A feasibility study has identified a technical and commercial solution for the
