Deep Down, Inc. , an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced the formation of a new joint venture, Cuming Flotation Technologies, LLC (the “JV”) with an affiliate of York Capital Management (“York”),
Desire Petroleum plc the company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a total depth of 1,697 metres in pre-rift sediments. Based on preliminary drilling and wireline logging data there are no significant hydrocarbons in th
Noble Corporation today reported that Marathon Oil Company has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon’s stated reason for the termination was that the rig had not been accepted by Marathon by December 3
ENTREPRENEUR Tony Trapp is hoping to start securing orders for his latest engineering venture within weeks after impressing potential… By Babette Decker (journallive) [mappress] Source: journallive, January 04, 2011
In connection with a series of articles in December 2010, questions were raised concerning whether Maersk Oil was in compliance with the prevailing guidelines for water sampling and analysis and oil spill reporting. The Danish Environmental Protection Agency subsequently requested a report from Maer
TGS has signed a three year sales, marketing and 2D seismic Cooperation Agreement with Dalmornefte Geophysica Yuzhno- Sakhalinsk (DMNG) in the Arctic region, east and west of the Bering Strait. The Cooperation Agreement includes industry funded 2D operations performed in Russian waters during Q3 201
Lundin Petroleum AB (Lundin Petroleum) completed the exploration well 16/7-9 on the Norall prospect located in Block 16/7, (PL409), in the central part of the North Sea on the Norwegian Continental Shelf. This was the first exploration well in PL409 which was awarded in 2007 as a result of the APA20
Cairn has secured two state of the art dynamically positioned drilling vessels for its 2011 dual rig exploration programme offshore Greenland. The “Leiv Eiriksson”, a fifth generation semi-submersible drilling rig and the “Ocean Rig Corcovado”, a sixth generation drillship, have been contracted to o
Tap Oil Limited (“Tap”) provides the following final report on the Craigow-1 exploration well, offshore Bass Basin between Victoria and Tasmania. Since the last weekly report at 06:00 hours (EST) on 29 December 2010, the well was drilled in 311mm (12 ¼”) hole to a total depth of 1,800 metres and fin
DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and offshore contract drilling oil services, announced today that its 78% owned subsidiary Ocean Rig UDW Inc. successfully took delivery of its newbuilding drillship, the Ocean Rig Corcovado. The Ocean Rig Corcov
Shareholders of NStar (NYSE:NST) will be asked to approve the proposed merger with Northeast Utilities (NYSE: NU) at a special meeting March… (bizjournals) [mappress] Source: bizjournals, January 04, 2011
W&T Offshore, Inc. announced that the Company will be presenting at the Pritchard Capital Partners 2011 Energize Conference being held at the Westin San Francisco Market Street Hotel on January 5 – 6, 2011. Tracy Krohn, W&T Offshore’s Chairman and Chief Executive Officer, is scheduled to present on
Fairstar Heavy Transport NV (FAIR) has signed a contract with DSME to transport FPSO components from Angola to Korea for the CLOV FPSO. The contract value is USD 4,800,000. The open-stern semi-submersible vessel FJORD will perform the transport, scheduled at the end of 2011. This is the third marine
Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently under construction at the Jurong Shipyard in Singapore, is estimated to be approximately US$1.2 billio
