Fairmount Marine’s tug Fairmount Alpine has delivered the semi submergible drilling rig Ocean Yorktown safely in Brownsville, US, after a 5,400 miles tow from Rio de Janeiro, Brazil. Fairmount Marine was contracted in July by Diamond Offshore, a leading deepwater drilling contractor headquartered i
Buccaneer Energy Limited announces that Houston based Archer Drilling, LLC (“Archer”) has been selected as the preferred operator of the Adriatic XI. This selection comes after a competitive tender process in which Archer demonstrated significant experience and expertise in operating a large number
FPSO OSX-1, the first floating production, storage and offloading unit in OSX’s fleet, arrived today in Rio de Janeiro, successfully completing its journey from Singapore to Brazil. The journey lasted 45 days, as anticipated by the Company. FPSO OSX-1, the first floating production, storage and offl
Fairmount Marine’s tug Fairmount Alpine has delivered the semi submergible drilling rig Ocean Yorktown safely in Brownsville, US, after a 5,400 miles tow from Rio de Janeiro, Brazil. Fairmount Marine was contracted in July by Diamond Offshore, a leading deepwater drilling contractor headquartered in
Dominion announced that it has agreed to farm-out a 20% working interest in Block 7, deepwater Tanzania to a subsidiary of Mubadala Oil & Gas (“Mubadala”). Following the completion of the transaction Dominion will hold an 80% working interest and operatorship in the Block. Under the terms of the agr
Ithaca Energy Inc. reports 2011 third quarter production, as well as changes to production reporting following the acquisition of the Cook field and in anticipation of first production from the Athena field. The Company will present the Athena project in London on October 11 2011; Export Production
The number of young people working on Britain’s offshore oil and gas installations is rising, according to statistics released yesterday (7 October) by the industry trade association Oil & Gas UK. The 2011 Workforce Demographics Report shows a rising trend over the past five years in the overall num
Norwegian Energy Company ASA (Noreco) in September 2011 produced 4,017 barrels of oil equivalents (boe) per day. Net realized oil price was USD 106 per boe after adjustments for oil put options, inventory, NGL and gas prices. Production per field (boe): Nini East – 2.537 Nini – 745 Cecilie – 319 Lul
After a series of constructive meetings during the past few weeks, RWE and Gazprom have agreed to continue their talks on a possible joint venture. Alexey Miller, Chairman of the Gazprom Management Committee and Jurgen Grossmann, Chief Executive Officer of RWE AG agreed on this at a working meeting
Dominion announced recently that it has signed the Production Sharing Contract (PSC) for Block L15 in the Lamu Basin, offshore Kenya, giving the Company a 100% working interest and operatorship. The Company previously announced the award of L15 on 1st August 2011 through execution of Heads of Agreem
FPSO OSX-1, the first floating production, storage and offloading unit in OSX’s fleet, arrived today in Rio de Janeiro, successfully completing its journey from Singapore to Brazil. The journey lasted 45 days, as anticipated by the Company. Chartered for OGX for a period of 20 years, the destination
After weeks of planning, Welltec has recently completed the first of potentially many subsurface safety valves (SSSVs) cleaning operations for a major Latin American operator. The first intervention was completed in one run on the 18th of August in a very active well producing 7,500 bpd. On the 19th
The number of young people working on Britain’s offshore oil and gas installations is rising, according to statistics released today (6 October) by the industry trade association Oil & Gas UK. The 2011 Workforce Demographics Report shows a rising trend over the past five years in the overall number
Great Lakes Dredge & Dock Corporation announced Jonathan W. Berger, Chief Executive Officer, will be presenting at the Deutsche Bank Leveraged Finance Conference in Scottsdale, AZ on Thursday, October 13, 2011. The presentation is scheduled to begin at 7:55 a.m. (MT)/10:55 a.m. (ET). About Company G
