Alexey Miller and Paolo Scaroni sign in Moscow the extension until 2012 of the strategic agreement between Eni and Gazprom. Gazprom CEO Alexey Miller and Eni CEO Paolo Scaroni signed today the extension of the strategic agreement signed by Eni and Gazprom in November 2006. The agreement, which would
With the issuance of resolution 1078/2010 on December 16, 2010, by the National Oil, Gas and Biofuel Agency – ANP, Ecopetrol S.A. , through its affiliate Ecopetrol Oleo E Gas do Brasil LTDA, confirms its participation in the offshore concession for Block BM-S-73 in Brazil. The request for approval o
Bounty Oil & Gas NL announces progress report on the New Seaclem 1 well in PEP 11, offshore NSW. MEC Resources investee company Advent Energy Ltd (Advent) has reported: Progress since Last Report The well was spudded at 00.00 hours AEDST 15 December 2010 and drilled the 9 7/8″ pilot hole to 310.5 me
WELDEX, the Inverness-based crane company which saw a £100 million valuation placed on it following a private equity deal this summer, has won a clutch of orders to work on offshore wind farms. The company, the largest crawler crane business in the UK, will start work in March on multi-million pound
IHC Merwede announced that it has recently secured assignments for vessels and equipment in its core markets of dredging and offshore to the value of €500 million. This further reinforces the group’s belief that there will be continued demand for its innovative vessels, advanced equipment and life-c
Aker Solutions has won a contract to supply a complete drilling equipment package for a new deepwater drillship. The contract value is approximately USD 100 million. The contract also includes options for a further two complete drilling packages, which can be activated at the client’s request. The c
GE issued the following statement today regarding certain previously identified fourth-quarter 2010 items that taken together do not change the company’s strong financial outlook for the fiscal year 2010. “As we covered in our December 14th presentation to investors, we anticipated a number of speci
Tony O’Reilly, Chief Executive of Providence Resources P.l.c., commenting on activity during 2010 and the future plans for 2011, said: “2010 has seen a huge amount of activity at Providence. We have assembled a balanced portfolio of drillable prospects while also ensuring that we have the appropriat
Talisman Energy Norge AS (TENAS) has been granted consent to drill three sidetrack wells on Varg A using the mobile drilling facility Mærsk Guardian. The Varg field is located in the southern North Sea, about 230 kilometres west of Jæren, and is part of production licence 038. The field has been in
Marathon Petroleum Norge AS has been granted consent to carry out exploration drilling for well 25/10-11 The well will be drilled in production licence 505 in the North Sea, about 40 km south of the Heimdal field and about 180 km west of Haugesund. The well has the coordinates N 59° 12′ 48.059”, E 0
Repsol has agreed to sell 3.3% of YPF’s share capital to Eton Park and Capital investment funds for $500 million. The $39/share deal is in line with the most significant sales carried out during the last few weeks with YPF stock. Eton Park has acquired a 1.63% stake in YPF, for $250 million. Similar
The latest edition of the corporate magazine Prosafe NOW can now be downloaded from this web site. The magazine features amongst others articles about Prosafe’s future operations in Brazil, about the new group CEO, about the MSV Regalia – Safe Scandinavia rig change-out and about Prosafe’s safety fo
The fully owned subsidiary of A.P. Møller – Mærsk A/S, Mærsk Olie og Gas A/S (“Maersk Oil”), has agreed with SK Energy Co., Ltd. to acquire SK do Brasil Ltda. for USD 2.4 billion on a cash and debt-free basis. The acquisition is subject to customary conditions, including governmental approval and wi
Keppel AmFELS Inc., a wholly-owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the third of four EXL jackup rigs to a subsidiary of Rowan Companies, Inc. (Rowan) ahead of schedule and within budget. The jackup was christened Rowan EXL-III yesterday by Mrs Barbara Ladner
