EnQuest PLC (‘EnQuest’) today announces that it has agreed with Nautical Petroleum plc (‘Nautical’) to acquire a 25% interest in the Kraken oil discovery, together with interests in surrounding exploration acreage. This agreement, by which EnQuest will also become the operator of the proposed develo
Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced that it has signed an agreement with Valiant Petroleum plc to proceed with early installation of subsea facilities for the development of the Fionn Field in the UK Northern North
Yesterday in Krasnaya Polyana Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR) signed in the presence of Russian President Dmitry Medvedev and Azerbaijani President Ilkham Aliev an addendum to the eff
Leading international oilfield services company Expro has recently secured a multi-million pound contract win with global oil and gas company Maersk Oil. The contract involves providing surface well testing, clean-up services and large bore subsea safety systems for Maersk Oil UK’s contracted mobile
The Ministry of Petroleum and Energy has received proposals from 37 companies regarding blocks which the companies wish to see included in the 22nd licensing round. A total of 228 blocks and partial blocks have been nominated in the 22nd licensing round, 107 of which were nominated by two or more co
As stated earlier in January, SBM Offshore is facing increased challenges with the hook up and commissioning of the Yme platform. “Continuing intransigence and unreasonable client demands, which are being aggressively resisted, are contributing significantly to the very low productivity and increase
OSX was awarded the Americas Oil & Gas Deal of the Year, at the Project Finance International Awards for raising an US$ 850 million loan for the construction and implementation of the FPSO OSX-2. The financing agreement was concluded with a group of international banks in October 2011. The event wil
The Norwegian Petroleum Directorate (NPD) has entered into contracts with Petroleum Geo-Services (PGS) and Dolphin Geophysical for the acquisition of seismic data. The contracts have a total value of NOK 170 million (USD 28.6 million) . The vessels M/V Nordic Explorer (PGS) and yyy (Dolphin Geophysi
Wärtsilä, the marine industry’s leading solutions provider, has been contracted to supply the power and positioning system for two new drilling rigs ordered by Songa Offshore AS, the Norwegian arm of the Cyprus-based offshore drilling company. These so called cat D semi-submersible rigs are tailor d
Seajacks Kraken, a self-propelled jack-up vessel owned and operated by Seajacks, has been contracted by NAM (Nederlandse Aardoliemaatschappij BV) and Shell UK Limited to work on one of the largest well repair and maintenance campaigns in the Southern North Sea. The program is scheduled to last for t
Ithaca Energy Inc., a North Sea oil and gas exploration, development and production company with offices in Calgary, Canada and Aberdeen, Scotland notes the recent movement in the Company’s share price on the Toronto Stock Exchange and confirms that it has received a confidential, non-binding propos
The Gazprom headquarters hosted last week a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell. The parties tackled the issues of bilateral cooperation as part of the Sakhalin II project. They also addre
Lundin Petroleum, a Swedish independent oil and gas exploration and production company says that its net working interest production forecast for 2012 is between 32,000 and 38,000 barrels of oil equivalent per day (boepd). The company’s production for 2011 is forecast at approximately 33,200 boepd w
In preparation of Offshore Support Vessels Summit 2012, a new survey conducted by the Oil and Gas IQ asked more than 200 offshore maritime experts to present their views on energy efficiency OSVs. The survey shows that a significant 87.5 per cent of industry experts believe that energy efficient OSV
