Siem Offshore Inc. has acquired the remaining 50% ownership interest in the shares of Overseas Drilling Ltd (“ODL”) from a subsidiary of Transocean Ltd. for USD 22.5 million. Siem Offshore Inc. control 100% of the shares in ODL after the acquisition and settlement closed by end of July 2011 . Siem O
Cairn Energy provided updates for its three wells and one prospect offshore Greenland. LF7-1 Well: Lady Franklin Block, South Ungavva Area The LF7-1 exploration well, located in 1,002 metres (m) of water approximately 300 kilometres (km) offshore Nuuk, has reached target depth (TD) in basement strat
Statoil has received consent to use new pipelines and a new well on the Åsgard field. Statoil is the operator of production licence 094 on Åsgard with an ownership interest of 34.57%. The other licensees are ENI AS (14.82%), Total (7.68%), Petoro (35.69%) and ExxonMobil (7.24%). In connection with t
Statoil has received consent to use the West Epsilon mobile facility on the Gudrun field for drilling and completion of production wells. Gudrun is located in the central part of the North Sea. The field is part of production licence 025 and the plan is to develop the field with a process facility w
Mediterranean Oil and Gas provided an update on Italy, Guendalina Gas Field and Malta, Offshore Area. Italy – Concession AC 35 AG – Guendalina Gas Field (MOG interest 20%, ENI 80% and Operator) The field development program continues to progress on schedule. The latest information received from ENI,
Foster Wheeler AG announced that its shareholders have elected Roberto Quarta, 62, and John M. Malcolm, 60, to the company’s board of directors. Mr. Quarta was elected to serve a term expiring at the company’s annual general meeting to be held in 2012. Dr. Malcolm was elected to serve a term expirin
Leading international oilfield services company Expro today announced a comprehensive service to provide subsea operators with a firsthand view of some of their most critical underwater assets. The service uses Expro’s Multi-Finger Caliper and ViewMax Down Hole Camera systems to provide images and d
Rolls-Royce, the global power systems company, has won a £20 million order to design and supply power and propulsion systems for two UT 776 CD supply vessels for Island Offshore. Island Offshore were the first to introduce the versatile UT 776 CD ship, which is designed to transport essential suppli
Marathon Oil Norge AS has completed the drilling of wildcat well 25/10-11 testing the Earb South prospect in PL505. The well was drilled about 8 km southwest of the small 25/7-2 discovery and 40 km south of the Heimdal Field in the northern Norwegian North Sea. The well encountered three separate hy
This Monday (Aug 1) Petrobras CEO, José Sergio Gabrielli de Azevedo, announced in London the company’s Business Plan for 2011-2015 to an audience of around 70 people, including investors, analysts and entrepreneurs. The plan foresees investments of US$ 224.7 billion for the period. Also taking part
Hamworthy plc a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced the appointment of Simon James Nicholls to the board as a non-executive director with effect from 1 September 2011. Mr Nicholls, aged 47, is currently Group Finance Director
Wood Group on behalf of Talisman Energy UK, required an isolation to be conducted on a 3 inch Air Line on-board the Piper Bravo. The isolation would facilitate a deconstruct workscope allowing replacement of pipework and include the addition of a new valve to the system. The platform was currently i
TGS has commenced a new multi-client 3D survey in the Faroe-Shetland Basin. The survey covers 2,500 km2 west of the British Isles over quads 6004, 204 and 205 and is acquired in partnership with PGS. The new seismic data is being acquired by the PGS Ramform Viking towing 12 X 6,000 m with 75 m [&hel
P/F Atlantic Petroleum announces that Atlantic Petroleum together with its partner Nexen Petroleum UK Limited have received approval from the Department of Energy and Climate Change of the Field Development Plan for the Blackbird field. The Blackbird co-venturers comprise Nexen Petroleum UK Limited
