Statoil and its consortium partners – Shell and GDF Suez – have been awarded two large exploration blocks in the Baffin Bay bid round in West Greenland. Shell will be the operator of both blocks. Blocks 5 and 8, where Greenland’s national oil company Nunaoil will have a carried interest during the e
BP announced that it has entered into an agreement to sell its interests in Pan American Energy (PAE) to Bridas Corporation. PAE is an Argentina-based oil and gas company owned by BP (60 per cent) and Bridas Corporation (40 per cent). Bridas Corporation will pay BP a total of $7.06 billion in cash f
Sterling Resources Ltd. announces that approval has been received from the Dutch authorities to transfer to Sterling interests in five licenses within the F-Quad and L-Quad areas offshore Netherlands. With this license transfer process completed Sterling Resources Netherlands BV will hold a 50 perce
Wood Group, the international energy services company, among others, has been selected by Eni to provide long term engineering services to support Eni’s Australian assets, including Blacktip, Woollybutt and the upcoming Kitan development. Work will be performed at Wood Group’s Perth and Darwin offic
Santos today announced the final investment decision approving development of the Wortel gas project, located offshore Madura Island in the Sampang PSC, East Java, Indonesia. Wortel is the next project in Santos’ East Java near-field development strategy and adds to the company’s existing producing
DONG Energy has decided – together with the operator Hess and the licence partners – to develop the Danish North Sea field South Arne. DONG Energy’s share of the investment amounts to about DKK 2.5 billion (USD 445 Million). The development’s expected commercial reserves is about 15 million barrels
ABB, the leading power and automation technology group, has won an order worth $125 million from the Belgian company C-Power NV to link a wind farm 30 kilometers off the coast of Belgium to the mainland grid. The transmission link is part of an expansion of the Thornton Bank wind farm. In the first
Hydratight’s expertise has won the company a four-year service and maintenance contract for three of Shell’s major North Sea facilities. Hydratight will handle maintenance and shutdown operations at Shell’s St Fergus gas plant at Peterhead in Aberdeenshire, the Mossmorran fractionation plant on the
Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces that the Sapele-1 exploration well drilling in the Douala Basin, offshore Cameroon has encountered further log evaluated pay in the Miocene reservoir objective. This pay is in addition to that encountered at the
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) was notified on Friday, November 19th by officials at Husky Energy that the company was managing elevated levels of H2S (Sour Gas) in two of the storage tanks on board the SeaRose FPSO. H2S levels were elevated in the tanks due
Statoil has awarded Bergen Group Rosenberg a contract for building and installing a compressor module on the Kvitebjørn platform in the North Sea. This will contribute to improving the recovery rate and accelerating production at the Kvitebjørn field by allowing for production with reduced wellhead
RWE Dea UK announced today that the contract for the engineering, installation and pre-commissioning of the offshore pipeline, and associated fibre optic cable, for the Breagh Development has been awarded to Allseas Construction Contractors SA (“Allseas”). Allseas will perform the required detailed
C-Power is pleased to announce that it has closed the financing of the second and third phases of the offshore wind farm on the Thornton Bank (located about 30 km in the North Sea off the Belgian coast). A group of 7 commercial lenders: KBC, Rabobank, Société Générale, KfW Ipex-Bank, Commerzbank, De
CHEC office in South Africa received a letter of acceptance from TRANSNET and was awarded Ngqura Port dredging project , on Nov. 23. The value of the contract is ZAR 135,583,690.68 (approximately equivalent to USD 19.2 million). The project has been the first project which CHEC has successfully bid
