Cyprus has not even confirmed the existence of natural gas off its shores, but it is already thinking about setting up a sovereign wealth fu… Source: Reuters [mappress] Source: Reuters, October 20, 2011
The Petroleum Safety Authority Norway (PSA) has granted Talisman Energy Norge AS (TENAS) consent to use the MSV Regalia mobile living quarters facility on the Yme field. About Yme Yme is an oil field in the southeastern part of the North Sea, 110 km southwest of Egersund. The field has previously be
Ithaca Energy Inc. announces that it has agreed to divest an interest in the Hurricane field to Dyas UK Limited (“Dyas”). The Company has also signed a contract letter of intent to secure a rig for drilling of the Hurricane appraisal well in early 2012. The Company has signed an agreement with Dyas
Ithaca Energy Inc. announces that it has concluded its development concept select process for the Greater Stella Area (GSA) fields, with the decision to create a production hub based on a floating production unit located over the Stella field. The GSA development concept involves the introduction of
Polarcus Limited announced yesterday that the Company has entered into a research collaboration project with Cambridge Carbon Capture Ltd (CCC) in the United Kingdom to develop carbon mineralization technology. Such technology could potentially be used to reduce CO2 emissions from ships, including e
Seismic specialist Reservoir Exploration Technology (RXT) announces that it is refocusing its ocean bottom cable (OBC) seismic operations to meet expected demand for its services in the North Sea, Gulf of Mexico, and most of West Africa, and has made two senior management appointments to lead the pr
Oil major BP said it had delayed the start-up of production from its Skarv oil and gas field off Norway until late in the first quarter of… By Walter Gibbs and Joachim Dagenborg (Reuters) [mappress] Source: Reuters, October 19, 2011
Providence Resources P.l.c., („Providence‟) the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, today provided an update on its upcoming appraisal drilling programme in the North Celtic Sea Basin, offshore southern Ireland. *The Barryroe partners have been awarde
The Huldra field is being depleted. What’s left is a fully adequate and solid platform. Any buyers? Must a platform be scrapped after use? Couldn’t it be moved to a new area? The Huldra platform has been producing in the North Sea since 2001, and is still a modern platform with many possibilities. T
Teekay Corp , a marine crude oil and petroleum product transporter, will spend up to $823 million to buy three floating production storage a… Source: Reuters [mappress] Source: Reuters, October 19, 2011;
Petrobras CEO, José Sergio Gabrielli de Azevedo, said that Brazil will be one of the main contributors to the increase of oil supply in the global market and stressed that demand continues to increase in developing nations. This Tuesday (Oct 18) Mr. Gabrielli took part in a ministerial meeting organ
Leading North East Engineering company IHC Engineering Business (IHC EB) has been named Design Team of the Year 2011 by the British Engineering Excellence Awards (BEEA). At the ceremony held on October 13 at the Shakespeare Globe Theatre, London, IHC EB was highly commended by the judges for the tea
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, yesterday reported an oil discovery in well 8/10‐4S on the Butch prospect (Faroe 15%) located in the Norwegian North Sea.
Bergen Group Offshore, through its subsidiary Bergen Group Hanøytangen AS, has received a contract from Bluewater Industries in Houston for the storage of the ATP Oil & Gas Corporation hull for the new Octabuoy platform to be installed on the Cheviot Field in the UK-sector of the North Sea. The hull
