Alexey Miller, Chairman of the Gazprom Management Committee reported recently to Vladimir Putin, Prime Minister of the Russian Federation on the negotiations with Ukraine in the gas sector and, in this regard, on the South Stream project implementation. According to Alexey Miller, Ukrainian partners
GSP Prince, owned by Romania-based Grup Servicii Petroliere provides survey services & support for the South Stream project. The operations performed from GSP Prince covered by now about a half of the 900-kilometer long route with most of the South Stream pipeline route lying at depths of over 2 kil
Energy Minister Charles Hendry set out his hopes for a “prosperous 2012” in the oil and gas sector, as he awarded 46 new licences to explore for hydrocarbons in the North Sea. These awards were made as part of the 26th offshore oil and gas licensing round, which was originally announced in October 2
The board of directors of Songa Offshore SE has decided to award stock appreciation rights (or so-called “synthetic options”) to certain key personnel of the Songa Offshore Group. The number of new stock appreciation rights corresponds to the value of 2,500,000 ordinary shares in the Company. Seen i
From 3-6 October 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit of management of operation and maintenance on Heimdal and the Heimdal riser platform (HRP). Objective The objective of the activity was to assess aspects of the management of preventive and corrective maintenance
Norwegian Energy Company (Noreco) has completed the sale of its interest in license PL435 on Haltenbanken, containing the gas discovery Zidane-1, to OMV (Norge) AS. The agreement to sell PL435 was announced in October this year. The price is NOK 180 million with effective date 1 January 2011. Noreco
During the periods 2-3 November and 15-17 November 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit of Teekay Petrojarl’s (TKPJ’s) system for barrier management in connection with the design of Knarr FPSO. The objective of the audit was to follow up to ensure that TKPL has a ma
Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, announced that coring and logging operations at well 14/15-4z have been successfully completed. The sidetrack well 14/15-4z (approximately 12.5m from the main well bore), was drilled to a total depth of 2555m md. A
On 7 and 8 December 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil in connection with the engineering of load-bearing structures on Valemon’s jacket. The objective was, through spot checks, to ensure the engineering of the load-bearing structures is taking place p
Keppel Verolme in the Netherlands will undertake the upgrade and maintenance of the semisubmersible drilling rig, Scarabeo 6. The rig is expected to arrive at the yard in 2Q 2012 for a period of six months. Work on the rig includes upgrading its drilling capabilities to a water depth of 1,200 metres
Yesterday in Moscow the Turkish party officially handed a note by the Turkish Ministry of Foreign Affairs regarding the South Stream project at a meeting between Vladimir Putin, Prime Minister of the Russian Federation and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Tur
Norway’s Aker Solutions has been awarded a job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf. The contract value is approximately NOK 400 million (USD 66.4 million) Scope of work includes two subse
Antrim today announced that the UK Department of Energy and Climate Change (“DECC”) has approved the Field Development Plan (“FDP”) for the Causeway Field in the UK North Sea Block 211/23d. Antrim holds a 35.5% working interest in the Causeway licence. The Causeway FDP includes a production well and
Noble Energy, Inc. announced today a natural gas discovery at the Cyprus Block 12 prospect, offshore the Republic of Cyprus. The Cyprus A-1 well encountered approximately 310 feet of net natural gas pay in multiple high-quality Miocene sand intervals. The discovery well was drilled to a depth of 19,
