At a meeting of the Mineral Resources Committee the Director of Mineral Resources gave her report. 1). Progress with Offshore Drilling Programme: Since the last report was prepared for the meeting held on 14 December, The Ocean Guardian(photo) has completed drilling well 25/10-1 (known as Dawn/Jacin
Nido Petroleum Philippines Limited (‘Nido), on behalf of the SC 54B Joint Venture, announced that the Shell Philippines Exploration BV (‘SPEX’) farm-in to Nido and Kairiki’s interests in SC 54B was formally approved by the Philippine Department of Energy (‘DOE’) on 25 January 2011. Approval of the S
Statoil held a follow-up meeting with the Petroleum Safety Authority Norway (PSA) in which they reviewed the status after the C06 incident at Gullfaks. “We addressed two topics in the meeting, specifically those relating to well integrity and pressure build-up in the Shetland formation,” says head o
-Exxon Mobil Corporation announced today that its subsidiary, Exxon Neftegas Limited, has successfully drilled the world’s longest extended-reach well at the Odoptu field, offshore far east Russia. Exxon Neftegas is the operator of the Sakhalin-1 Project on behalf of an international consortium that
The last quarter of 2010 yielded two significant events for Nido that kept all hands fully engaged. Last October, Shell Philippines Exploration B.V. signed a Farmin Agreement with Nido and its joint venture partner in SC 54B to pave the way for the drilling of the Gindara prospect, one of Nido’s lea
Chevron Corporation today reported earnings of $5.3 billion ($2.64 per share – diluted) for the fourth quarter 2010, compared with $3.1 billion ($1.53 per share – diluted) in the 2009 fourth quarter. Results in the 2010 period included gains of nearly $400 million from downstream asset sales. Foreig
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded an offshore modification project by Statoil Petroleum AS. The contract value for the project is estimated to NOK 20-25 million(USD $4million). The EPCI-contract (Engineering, Procurement, Construction and Insta
Perisai Petroleum Teknologi Bhd has proposed an acquisition of 51% equity interest in Intan Offshore Sdn Bhd for RM45.2mil(USD$ 14,8) to … [mappress] Source:Thestar, January 28, 2011;
Expanding prosperity for a growing world population will drive an increase in energy demand of about 35 percent by 2030 compared to 2005, even with significant efficiency gains, and natural gas will emerge as the second-largest energy source behind oil, Exxon Mobil Corporation3 said as it released i
THANET businesses are to get a welcome boost worth thousands of pounds as work begins on a new project to build the world’s biggest wind… By saul leese (thisiskent) [mappress] Source: thisiskent, January 28, 2011
Siemens Chief Executive Officer Peter Löscher still recalls the blank stares he received when he asked about the company’s green strategy… (eco-business) [mappress] Source: eco-business, January 28, 2011
Managing Director of Tap Oil Provides Summary for the Quarter Ended 31 December 2010: “During the quarter, we began an extensive review of the asset portfolio and in 2011 we will focus on the following three key areas: 1. Gulf of Thailand The acquisition of 75% of Northern Gulf Petroleum, in Thailan
The Petrobras announces that it closed a US$ 6 billion issuance of 5, 10 and 30 year notes in the international capital markets. The notes were issued by Petrobras’ wholly-owned subsidiary Petrobras International Finance Company (“PifCo”) and constitute general senior unsecured and unsubordinated ob
UNX Energy Corp. , announced that a 3D seismic contract has been signed between UNX’s joint venture partner and operator for Petroleum Licence 2813, HRT Participações en Peróleo S.A. (“HRT”) and Polarcus Limited , to provide 3D seismic on Block 2813A in offshore Namibia. UNX and HRT each own a 40% s
