Business & Finance
Brazil: Anadarko Receives More Peregrino Cash from Statoil
Anadarko Petroleum Corporation yesterday announced it has received approximately $419 million from Statoil Brasil Oleo e Gas Ltda. to satisfy the contingent payment feature associated with the 2008 divestiture of Anadarko’s 50-percent working interest in the Peregrino oil field located in the Campo
Rockhopper Completes Coring and Logging at 14/15-4z Well, Offshore Falklands
Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, announced that coring and logging operations at well 14/15-4z have been successfully completed. The sidetrack well 14/15-4z (approximately 12.5m from the main well bore), was drilled to a total depth of 2555m md. A
Providence Completes Sale of Interest in Aje Field Offshore Nigeria
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
Germany: GL Appoints New Senior Vice President Global Sales
Germanischer Lloyd (GL) has appointed Mr Christian Freiherr von Oldershausen to the newly created position of Senior Vice President Global Sales. In his new position, Mr von Oldershausen will be responsible for enhancing global sales, working closely together with GL’s regional and area management.
Brazil: Petrobras, Partners Declare Guara Area as Commercially Viable
As operator of the consortium for Block BM-S-9, Petrobras today submitted the Declaration of Commerciality for the Guará area to the National Petroleum, Natural Gas and Biofuels Agency (ANP). The new field is to be called Sapinhoá and the estimated total recoverable volume notified was 2.1 billion b
2H Offshore Marks Milestone Anniversary in Kuala Lumpur (Malaysia)
2H Offshore, an Acteon company, celebrates five years of working in Kuala Lumpur last month. The employees of the Kuala Lumpur office marked their milestone anniversary with a special teambuilding event at Taman Negara National Park in Pahang, where they took part in activities from canopy walking t
Russia: Baltic Shipyard Holds Launching Ceremony New Oil Tanker
Today Baltic Shipyard launched the second vessel of a series of four non self-propelled oil tankers of Project 2734, built by order of the Group of Companies “Baltic Fuel Company” (BFC). The vessel was named “Mary”. “I am grateful to Dmitry Kozak and Georgy Poltavchenko who had acted as guarantors t
Providence Resources Unloads Stake in OML 113 Offshore Nigeria
Providence Resources P.l.c., an Irish based oil and gas exploration company, confirmed today that it has closed its transaction to divest its Nigerian subsidiary, which holds its interest in OML 113 offshore Nigeria to Jacka Resources Limited, (“Jacka”) an ASX-listed company. Under the terms of the
Papua New Guinea: Nautilus Minerals Files Updated Mineral Resource Estimate for Solwara Project
Nautilus Minerals Inc. yesterday filed its updated Mineral Resource Estimate for the Solwara Project in the Bismarck Sea in Papua New Guinea. Details of the updated resource were released to the market on November 25, 2011. About Nautilus Minerals Inc. Nautilus is the first company to explore the oc
Carnegie Raises USD 6 Million (Australia)
Wave energy developer Carnegie Wave Energy Limited announced that its Share Purchase Plan has closed oversubscribed and raised $6 million. Carnegie had previously announced on 1 December 2011 that it had initiated a capital raising via a Share Purchase Plan (“SPP”) of $4 million with capacity for a
Egypt: Fairmount Sherpa Tows Jack-up Rig Baharia I to Gulf of Suez
Tug Fairmount Sherpa has successfully towed jack-up drilling rig Baharia I to her new position in the Zeit Bay oil field in the Gulf of Suez. The Fairmount Sherpa is one of five supertugs owned by Rotterdam based Fairmount Marine. The rig move for Egyptian oil company Zeitco came just after deliveri
Northstar Sells USD 201 Million Worth of GOM Assets to Korean Group
Northstar Offshore Energy Partners, LLC a portfolio company of Natural Gas Partners (“NGP”) has sold substantially all of its asset holdings to ANKOR E&P Holdings Corporation, STX Energy E&P Offshore Management, LLC and SCL Resources, LLC for $201 million. The assets sold to the Korean buying group
Fairmount Sherpa Tows Baharia I Rig to New Location in Gulf of Suez, Egypt
Tug Fairmount Sherpa has successfully towed jack-up drilling rig Baharia I to her new position in the Zeit Bay oil field in the Gulf of Suez. The Fairmount Sherpa is one of five supertugs owned by Rotterdam based Fairmount Marine. The rig move for Egyptian oil company Zeitco came just after deliveri
China: CNOOC Submits Application for Creation of Marine Environmental Protection Foundation
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation, has officially submitted a registration application to Ministry of Civil Affairs of the People’s Republic of China for establishment of “CNOOC Marine Environmental and Ecological Protection Public Welfare Found