Business & Finance
Tanzania: Zafarani Becomes Statoil’s Fifth High Impact Discovery
Statoil and partner ExxonMobil have made a large gas discovery offshore Tanzania in the first exploration well in Block 2. Statoil announced on February 17 that the partnership had encountered indications of natural gas in the Zafarani exploration well in the Block 2 licence offshore Tanzania. The l
USA: Superior Energy Services Reports Solid Fourth Quarter 2011 Results
Superior Energy Services, Inc. announced net income of $19.4 million, or $0.24 per diluted share on record revenue of $580.0 million for the fourth quarter of 2011, and non-GAAP adjusted net income of $54.6 million, or $0.67 per diluted share, after excluding the following: * A pre-tax, non-cash $46
Tanzania: Zarafani Described as ‘High Impact Discovery’
Statoil announced on February 17 that the partnership had encountered indications of natural gas in the Zafarani exploration well in the Block 2 licence offshore Tanzania. The logging results now show that the discovery is a high impact discovery, so far proving up to 5 Tcf of gas in-place. The well
MEO Australia Receives Approval for Variation to WA-454-P Minimum Work Program
MEO Australia Limited advises that the Commonwealth – West Australia Offshore Petroleum Joint Authority has approved MEO’s application to vary the Minimum Work Requirements of the WA-454-P Exploration Permit in the Joseph Bonaparte Gulf region of the Timor Sea (Petrel sub-basin). The variation repre
First Subsea’s Connector Enables Nexen Petroleum UK Blackbird Field Umbilical Tieback
A diverless and ROVless bend stiffener connector from subsea connector specialist First Subsea has enabled Nexen Petroleum UK Ltd. to complete the tie-back of an umbilical connector from the Blackbird field to the nearby Ettrick field’s FPSO Aoka Mizu in the UK central North Sea First Subsea conduct
GeoRXT Lands USD 103 mln OBC Job in Brazil
GeoRXT B.V., the joint venture between Georadar Levantamentos Geofísicos S/A and RXT, has been awarded its first contract in Brazil by Petrobras to conduct an Ocean Bottom Cable (OBC) survey over the Marlim and Marlim Leste fields in the Campos Basin. The contract value is estimated to USD 103 milli
Norway: Kongsberg Evotec Forms New Cranes and Lifting Department
Kongsberg Evotec, a wholly owned subsidiary of Kongsberg Maritime, has established a new department dedicated to developing its crane and lifting products for the offshore supply and subsea segment. The department, which opened officially in January 2012 is based in Molde, Norway, with production ta
New Zealand: ‘Xena’ Hampers Shell’s Arctic Drilling Plans
Seven Greenpeace activists yesterday boarded a Shell operated drillship, the Noble Discoverer, thus preventing it from leaving New Zealand’s Port Taranaki for Alaska’s Chukchi sea, where the oil giant plans to drill three exploration wells. Lucy Lawless, an actress famous for her leading role in “Xe
GeoRXT Wins Contract for OBC Survey Offshore Brazil
GeoRXT B.V., the joint venture between Georadar Levantamentos Geofísicos S/A and RXT, has been awarded its first contract in Brazil by Petróleo Brasileiro S/A to acquire OBC data over the Marlim and Marlim Leste fields. The contract value is estimated to USD 103 million and commencement of the work
USA: Northwest Energy Angels Invests in Columbia Power Technology
The Northwest Energy Angels, the Pacific Northwest’s only angel group focused exclusively on providing early-stage capital to cleantech entrepreneurs, continued its mission of building a vibrant cleantech community in 2011 by investing more than $880,000 in nine cleantech companies, one receiving a
USA: Northwest Energy Angels Invests in Columbia Power Technology
The Northwest Energy Angels, the Pacific Northwest’s only angel group focused exclusively on providing early-stage capital to cleantech entrepreneurs, continued its mission of building a vibrant cleantech community in 2011 by investing more than $880,000 in nine cleantech companies, one receiving a
Australia: GE Bags USD 150 mln Julimar Subsea Gig
GE Oil & Gas has received a contract of more than USD$150 million from Apache in Australia to supply subsea equipment for the Julimar Development Project, located offshore near Dampier in Western Australia. The contract will further strengthen GE’s presence in Australia’s LNG sector. The Apache-oper
Australia: GE Oil & Gas’ Subsea Equipment for Julimar Project
Further expanding its presence in Australia’s liquefied natural gas (LNG) sector, GE Oil & Gas has received a contract of more than USD$150 million from Apache in Australia to supply subsea equipment for the Julimar Development Project, located offshore near Dampier in Western Australia. The Apache-
Norway: Statoil Orders Two cat D Rigs from Songa Offshore
Norway’s Statoil has awarded Songa Offshore with contracts for two newbuild “cat D” semisubmersible rigs. This award follows the agreement of July 2011 between Songa Rig AS and Statoil for the first two cat D rigs. The contract period is for eight years with an aggregated value of USD 2.66 Billion,