Top News of The Week September 9 – 13, 2013

Kashagan Field Oil Production Starts, Kazakhstan

The North Caspian Operating Company (NCOC) on behalf of the North Caspian Sea PSA Consortium announced today the first well was opened and the initial volumes of oil are being produced from the Kashagan field in the North Caspian Sea.

 

Noble Awarded Drilling Contracts for Its Jack-Ups

Noble Corporation, a U.S.-based drilling contractor, has announced that it has secured a contract for its newbuild Noble Houston Colbert jack-up rig, as well as contracts and contract extensions for four other rigs in the Arabian Gulf.

Siem Offshore Acquires 50 Pct Ownership in Secunda Canada

Siem Offshore and Birch Hill Equity Partners Inc. (“Birch Hill”), together the “Parties”, have entered into an agreement whereby Siem Offshore today has acquired 50 percent ownership in Secunda Canada LP (“Secunda”) at a purchase price of CAD 16.25 million paid in cash.

Chariot Identifies Resource Potential Offshore Namibia

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, provides an update on selected results from an independent audit by Netherland Sewell and Associates Inc (“NSAI”) of the prospective resource potential of the Central Area blocks (2312 A&B and the northern halves of 2412 A&B) in offshore Namibia (90% Chariot (Operator), 10% AziNam Limited).

Fugro to Buy DCN Global LLC

Fugro has reached agreement to acquire DCN Global LLC (‘DCN Global’), a company specialising in the provision of subsea engineering and diving services to the offshore civil and oil & gas industry, primarily in the Middle East.

BP Awards over £1 Bln Worth of Contracts for UK Fields

BP announced today that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland.