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Business & Finance

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Lundin Petroleum Completes The Sale of Its Salawati Interests in Indonesia
Business & Finance

Lundin Petroleum Completes The Sale of Its Salawati Interests in Indonesia

Lundin Petroleum AB has completed the sale of its non-operated interests in the Salawati Basin and Island assets, located in the eastern part of Indonesia, to RH Petrogas (“RHP”). Lundin Petroleum and RHP, a company listed on the Singapore Stock Exchange (“SGX”), completed the transaction on 29 Dece

about 15 years ago
USA: Tidewater to Present at the Pritchard Capital Partners Energize 2011 Conference
Business & Finance

USA: Tidewater to Present at the Pritchard Capital Partners Energize 2011 Conference

Tidewater Inc. announcedthat Joseph M. Bennett, Executive Vice President and Chief Investor Relations Officer, will present at the Pritchard Capital Partners Energize 2011 Conference in San Francisco, California on Wednesday, January 5, 2011, at approximately 9:45 a.m. Pacific time. The presentation

about 15 years ago
Noble Energy Announces Significant Discovery at Leviathan Offshore Israel
Business & Finance

Noble Energy Announces Significant Discovery at Leviathan Offshore Israel

Noble Energy, Inc. announced a significant natural gas discovery at the Leviathan exploration prospect offshore Israel. Drilled in the Rachel license, the well encountered a minimum of 220 feet (67 meters) of net natural gas pay in several subsalt Miocene intervals. Apparent reservoir quality is ver

about 15 years ago
Petrobras Announces Commerciality of Tupi and Iracema Offshore Brazil
Business & Finance

Petrobras Announces Commerciality of Tupi and Iracema Offshore Brazil

Petrobras, as the operator of Block BMS-11, located in the Santos Basin, announces that it submitted today the Declaration of Commerciality of the oil and gas accumulations in the Tupi and Iracema areas to the National Petroleum Agency (ANP). In the proposal submitted to the ANP, the names suggested

about 15 years ago
Norway: STEP Offshore Wins Mud Mixing Equipment Contract with STX Offshore & Shipbuilding
Business & Finance

Norway: STEP Offshore Wins Mud Mixing Equipment Contract with STX Offshore & Shipbuilding

STEP Offshore, a wholly-owned subsidiary of Aker Solutions, has won a contract from South Korea’s STX Offshore & Shipbuilding Co., LTD (“STX”) to supply equipment for a new, dynamically positioned ultra-deepwater Globetrotter-class drillship(image). The owner of the ship is Noble Corporation. STEP O

about 15 years ago
SeaEnergy Signs Three Moray Firth Milestone Agreements (UK)
Business & Finance

SeaEnergy Signs Three Moray Firth Milestone Agreements (UK)

Renewable energy developer SeaEnergy plc said its Moray Offshore Renewables Ltd joint venture has signed three milestone agreements to… (ibtimes) [mappress] Source: ibtimes, December 29, 2010

about 15 years ago
UK: Ithaca Energy Inc. Completes Second Well Workover on Beatrice Alpha
Business & Finance

UK: Ithaca Energy Inc. Completes Second Well Workover on Beatrice Alpha

Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited, an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that stable production from the second workover well (A23) on Beatrice Alpha has increased

about 15 years ago
Brazil: Repsol Completes $7.1 Billion Capital Increase Subscribed by Sinopec
Business & Finance

Brazil: Repsol Completes $7.1 Billion Capital Increase Subscribed by Sinopec

Repsol and Sinopec today successfully closed the agreement reached in October to jointly develop the exploration and production of its Brazil offshore assets and to create one of the Latin America’s largest private energy companies. After obtaining the necessary authorizations from the authorities o

about 15 years ago
PSA Gives Go-ahead For Manned Underwater Ops Offshore Norway
Business & Finance

PSA Gives Go-ahead For Manned Underwater Ops Offshore Norway

The Petroleum Safety Authority Norway (PSA) has granted consent to perform manned underwater operations in 2011 within the framework of a joint operations agreement for underwater services between ExxonMobil, Gassco and Statoil. The planned activities in 2011 include e.g. work on the Statfjord C (ph

about 15 years ago
Australia: Tap Oil Provides Zola-1 Drilling Update
Business & Finance

Australia: Tap Oil Provides Zola-1 Drilling Update

Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b

about 15 years ago
Brazil: Petrobras’ Oil Production Up 4.7% in November
Business & Finance

Brazil: Petrobras’ Oil Production Up 4.7% in November

In November, Petrobras’ average oil production in Brazil was 2,030,924 barrels per day, which corresponds to a 4.7% increase against the daily average in October, and 2% against the same month a year ago. This volume shows sustainable production above 2 million barrels of oil per day, a mark reached

about 15 years ago
Falkland Islands: Desire Finds No Hydrocarbons in Jacinta
Business & Finance

Falkland Islands: Desire Finds No Hydrocarbons in Jacinta

Desire Petroleum plc the oil and gas company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a depth of 1,313metres. Drilling and wireline logging data shows that no hydrocarbons have been found in the Jacinta Prospect. The well will

about 15 years ago
Australia: Tap Oil Provides Craigow-1 Well Drilling Update
Business & Finance

Australia: Tap Oil Provides Craigow-1 Well Drilling Update

Tap Oil Limited (“Tap”) provides the following update on the Craigow-1 exploration well, offshore Bass Basin between Victoria and Tasmania. Location / Proposed Depth The Craigow-1 well is located in permit T/47P in the offshore Bass Basin between Victoria and Tasmania. The well is being drilled in 7

about 15 years ago
Philippines: Nido Abandons Tindalo Well as Unprofitable
Business & Finance

Philippines: Nido Abandons Tindalo Well as Unprofitable

Nido Petroleum Limited , as Operator of Service Contract 54A (SC 54A), provides this update on the operations at Tindalo. Since the last operations update on 22 December 2010, subsequent water analyses from Zones 1, 2 and 3 indicated that produced water was formation water. In addition, increasing w

about 15 years ago
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