Search results for: Tellus

40 results

A list of search results

  • 23 December 2015

    Tellus Petroleum, a 100% subsidiary of Sequa Petroleum, has cancelled a deal to buy interest in the four fields on the Norwegian continental shelf from Wintershall due to the current market environment. Wintershall, a 100% BASF subsidiary, had originally planned to divest assets in the four non-operated fields Knarr (20%), Veslefrikk (4.5%), Ivar Aasen (6.4615%) and Yme (10%) […]

  • 21 July 2013
    Business & Finance

    Seadrill Limited (Seadrill) has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately […]

  • 22 July 2013
    Business & Finance, Project & Tenders

    Seadrill Limited has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately US$150 […]

  • 6 April 2011
    Business & Finance

      Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB (Lundin Petroleum), operator of production licence 338, has completed well 16/1-15 on the Tellus prospect as an oil discovery. The well has been successfully tested and a comprehensive logging and coring program has been acquired. The well will now be sidetracked to appraise […]

  • 21 July 2013

    Seadrill Limited (Seadrill) has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately […]

  • 20 June 2019
    Exploration & Production

    Lundin Norway has made two oil discoveries in exploration wells 16/1-31 S (Jorvik) and 16/1-31 A (Tellus East) on the eastern edge of the Edvard Grieg field in PL338 on the Utsira High off Norway. 

  • 4 November 2019
    Business & Finance, Exploration & Production

    Brazilian oil company Petrobras has extended a contract with Seadrill for the use of a drillship.

  • 17 March 2017

    After completing consultations with employee representatives, Tellus Petroleum, a part of Sequa Petroleum, has started its liquidation process.  Oil and gas company Sequa Petroleum started making plans in February to cease its E&P activities in Norway, conducted through its 100% owned Tellus Petroleum, to focus on acquiring assets elsewhere in Europe. The company then initiated consultation procedures with Tellus […]

  • 19 October 2015

    French oil and gas company Total is divesting a share in its Gina Krog development in the North Sea, offshore Norway. Namely, Sequa Petroleum N.V. has through its subsidiary Tellus Petroleum AS signed an agreement with Total E&P Norge AS to purchase interests of 30% in PL 029C, 14.78% in PL 029C and 21.8% in PL 048, representing […]

  • 18 June 2015
    Business & Finance

    Wintershall, has agreed to sell assets in the four non-operated fields Knarr (20%), Veslefrikk (4.5%), Ivar Aasen (6.4615%) and Yme (10%) on the Norwegian continental shelf to Tellus Petroleum AS, a recently acquired 100% subsidiary of Sequa Petroleum N.V. At the same time, Wintershall is reducing its share in the own-operated Maria Development by 15% to […]

  • 9 February 2017

    Oil and gas company Sequa Petroleum plans to cease its E&P activities in Norway, conducted through Tellus Petroleum, and focus on acquiring assets elsewhere in Europe. Regarding plans to stop its activities in Norway, Sequa said on Thursday that consultation procedures with Tellus employee representatives have been initiated and other required steps will follow in due […]

  • 22 July 2019
    Business & Finance

    Sweden’s largest hybrid-electric car ferry, Tellus, is ready to commence passenger operations.

  • 21 July 2013
    Business & Finance

    Seadrill Limited has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately US$150 […]

  • 23 March 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Seadrill has been awarded an 18-month contract extension for the drillship West Tellus by Brazil’s state-owned oil company Petrobras. The contract starts in April 2018 and secures work for the unit through the end of October 2019. The total backlog for the contract extension is approximately $164 million. Seadrill reported that as part […]

  • 19 May 2011
    Business & Finance

      Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB (Lundin Petroleum), operator of PL338, has completed the sidetrack well 16/1-15A on the Tellus prospect. The objective of well 16/1-15A was to further appraise the Tellus discovery located in Block PL338. The well proved a 50 meter oil column including a thin lower […]

  • 12 February 2009

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean tincidunt volutpat enim, eu blandit eros cursus vel. Donec viverra dolor id turpis mollis euismod quis eget felis. Quisque interdum viverra ante, in dapibus ligula tristique nec. Donec id elit nunc. Suspendisse facilisis molestie orci in pellentesque. Phasellus imperdiet auctor malesuada. Donec quis semper odio. Quisque […]

  • 14 March 2016

    An acquisition of a 15% interest in Gina Krog field, in the North Sea offshore Norway, by Sequa Petroleum’s 100% subsidiary, Tellus Petroleum, has received the Norwegian government approvals.  Sequa Petroleum is an oil and gas company registered in the Netherlands, and Tellus Petroleum was established in 2012 with the aim to acquire a portfolio of interests in […]

  • 26 January 2011
    Business & Finance

      Lundin Petroleum AB (Lundin Petroleum) announces that drilling of exploration well 16/1-15 in PL338 has commenced. The well will target the Tellus prospect, which is situated immediately to the north of the Luno field. The main objective of well 16/1-15 is to test Jurassic/Triassic age sandstones and conglomerates in a separate fault segment north […]

  • 25 October 2018
    Business & Finance

    Ocean Yield is acquiring two 2015-built 37,000 dwt IMO II chemical tankers for USD 51 million.

  • 5 January 2012
    Business & Finance

    Lundin Petroleum AB announced that as at 31 December 2011 its net proven and probable working interest reserves are 210.7 million barrels of oil equivalent (MMboe) which equates to a 21 percent increase to reserves and a reserve replacement ratio of 264 percent, when compared to 31 December 2010. The reserves were calculated using an […]

  • 13 February 2015
    Business & Finance, Exploration & Production

    Seadrill has informed it will remove US$1.1 billion from the backlog reported in its third quarter earnings release on account of contract extensions for two semi-submersible rigs, the West Taurus and West Eminence, signed with Petrobras. “Due to recent developments within Petrobras, the company no longer believes the contracts will be concluded in the timeframe or on the previously […]

  • 7 October 2011
    Business & Finance

    The Ministry of Petroleum and Energy has asked the licensees in Draupne and Luno for a unitized development of the two fields. The rationale is that both society and licensees can expect substantial savings with a unitized development solution. The distance between the two fields is 8 kilometers. The Ministry has made the licensees in […]