Anadarko Petroleum Corporation today announced interim results at the Itauna #1 well in block BM-C-29 offshore Brazil. To date, the well has encountered in excess of 275 net feet of oil and natural gas pay in two separate post-salt zones on which show reports were filed with the Agencia Nacional do
Energy XXI announced it has executed a purchase and sale agreement to acquire certain shallow-water Gulf of Mexico shelf oil and natural gas interests from affiliates of ExxonMobil for $1.01 billion. The assets are currently producing approximately 20,000 net BOE per day (BOE/d), about 53 percent of
Work on the Kipper Tuna Turrum Project continues in earnest, as pipe laying began on Thursday. Gippsland Times [mappress] Source:Oilex , November 22, 2010;
Oilex Ltd announces that the WA-388-P Joint Venture has entered into a farm in agreement with Apache Northwest Pty Ltd (“Apache”). The WA-388-P permit is located north of the Pluto, Wheatstone, Gorgon & North West Shelf fields, offshore Western Australia. The WA-388-P permit contains a portfolio of
Ezra Holdings Limited , a leading integrated support and marine services provider in the offshore oil & gas (O&G) sector, will add four high-end multi-purpose platform supply vessels (PSVs) to its fleet in the light of the positive outlook for the sector. The investment of approximately US$130 milli
The Apache-operated Van Gogh Field is currently shut-in for planned maintenance. Van Gogh development is in Production License WA-35-L in the Exmouth Basin, offshore Western Australia. Van Gogh is Apache’s first field development utilizing a floating production, storage and offloading (FPSO) vessel.
Northern Offshore, Ltd. reported that the company received notice from Vietgazprom that they will not proceed with the fifth and final well of the five-well drilling program offshore Vietnam. The drillship Energy Searcher, upon completion of the fourth well, was at a standby location awaiting the ap
TTS Energy AS, which is part of TTS Group ASA, has signed a contract with DSIC Offshore in Dalian, China for two Drilling Equipment Packages. The contract, which is subject to financing, has a value of approximately USD 76 million. The Drilling Equipment Packages will be installed on two new high sp
Aker Solutions has won two contracts for the supply of mooring and loading systems in Brazil. The contracts have a combined value of approximately NOK 210 million(USD35 Million. “The contracts are strategically important for Aker Solutions based on the potential for future business in Brazil. Aker S
Aker Midsund, a wholly-owned subsidiary of Aker Solutions, has signed a contract to deliver four separator and scrubber packages to Hyundai Heavy Industries for the Goliat FPSO. The project has a contract value of NOK 120 million (Approximately USD $20 Million). Separately, Aker Midsund has entered
Total announces that it has signed an agreement with the national oil company Petronas to acquire a 85% interest in the Block SK317B, offshore Malaysia. Under the terms of the agreement, Total will operate the Block alongside its partner Petronas Carigali holding the remaining 15% interest. The Bloc
Atwood Oceanics, Inc. , Houston-based international drilling contractor, announced today that the Company earned net income of $64,229,000 or $0.99 per diluted share, on revenues of $160,613,000 for the quarter ended September 30, 2010 compared to net income of $48,284,000 or $0.75 per diluted share
Floatel International Ltd. announces that it has successfully completed the Initial Public Offering (the Offering) of NOK 290.5 million (approx. USD 49 million) and resolved to allocate and issue 21,000,000 shares, each with a par value USD 0.02. The Offering comprised an institutional offering, in
The Board of Directors of Kencana Petroleum Berhad announces that the Company has on 18 November 2010 acquired the entire issued and paid-up share capital of Finest Glory Sdn. Bhd. (“FGSB”) comprising 2 ordinary shares of RM1.00 each at a total cash consideration of RM2.00, making it a wholly-owned
