ProSep Inc., dedicated to providing process solutions to the oil and gas industry, announces it was awarded additional funding to pursue the development of its proprietary gas dehydration technology “ProDry” under a Joint Industry Project (JIP) carried-out with Total, Statoil and ConocoPhillips. The
MODEC announces another outstanding milestone for the FPSO Kwame Nkrumah MV21 (Jubilee FPSO) with the official First Oil Ceremony. On November 28, 2010, the FPSO Kwame Nkrumah MV21 achieved commissioning of first oil offshore Ghana. The J-02 well opened at 15:45 hours, GMT. Hydrocarbons reached the
Sources informed ”Globes” that ATP Oil & Gas Corporation has reached an initial agreement to acquire 30% of the offshore Myra and Sarah… [mappress] Source:Globes, December 27, 2010
Magellan Petroleum Corporation has received and accepted a legally binding commitment from its largest shareholder, Young Energy Prize s.a. (YEP), to provide the necessary funds required for MPET’s wholly-owned Australian subsidiary to close out the acquisition from Santos Offshore Pty Ltd (Santos)
MEED reported that state run Abu Dhabi Marine Operating Company has invited international engineering & construction firms to express interest in the development of the offshore Satah al-Razboot field. Contractors were sent letters by Adma-Opco on 12 December, according to a source close to the proj
Isle of Man based Seafox Group announced that they have officially entered into a joint-venture and construction agreement with Keppel FELS in Singapore for the Seafox 5 with delivery scheduled for mid 2012. The Seafox 5 is specifically designed to meet all the requirements in both the Offshore Wind
Total SA (TOT) has agreed to transfer the management of two Angola marginal blocks to state oil company Sonangol, spokesmen for the two … [mappress] Source: WSJ, December 24, 2010;
Cape is delighted to announce that its newly formed “SOCAR CAPE” Joint Venture has been awarded a contract by Amec-Tekfen-Azfen (ATA) Alliance to deliver access services for the fabrication of West Chirag Platform topsides in Azerbaijan. The West Chirag Platform, which consists of a steel jacket in
Niko Resources Ltd. announced that it has reached an agreement with Sonde Resources Corp. (“Sonde”), under which Niko will acquire Sonde’s 25% interest in Block 5(c), located 94 kilometers off the east coast of Trinidad. The transaction is to be satisfied at closing via US $75.5 million in cash, and
Japan Energy Australia is using the RMR® system from AGR Drilling Services to ensure the drilling of its first exploration well in Australia goes as smoothly as possible. In a deal worth an estimated $650,000US, the Riserless Mud Recovery system from AGR DS is being used by Japan Energy on its North
Bergen Group Fosen has signed a contract with Volstad Maritime AS to build a large high end offshore vessel. The contract has an estimated value of NOK 725 million, and the ship is scheduled for delivery in 2(nd) quarter 2012. The signed contract is subject to final board approval and financing, whi
CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that the Company has entered into definitive agreements dated December 21, 2010 with certain accredited investors (the “Investors”) to sell in a registered direct off
Norwegian Energy Compan ASA : Chief Financial Officer (CFO) Jan Nagell has resigned his position in Noreco, and will step down by 1 February 2011. The company has appointed Erik Borg as acting CFO from the same date. Erik Borg (52) has been Finance Manager for Noreco’s operations in Denmark since 20
Tap Oil Limited (“Tap”) is pleased to advise that the Kan Tan IV semi-submersible drilling rig commenced drilling the Craigow-1 well at 03:00 hrs (EST) on 24 December 2010. The Craigow prospect is an anticlinal trap defined on 3D seismic data, in a good location for both reservoir quality and oil ch
