GDF SUEZ announced today two important milestones in the development of its portfolio of exploration & production assets. These operations are located for the one in a mature area in Norway and for the other in a promising region in Asia. Thus, the Group acquired an additional 20% share in the offsh
Northern announces an update on its Southern Adriatic permits containing the Rovesti and Giove oil discoveries, which hold a combined 53.2 million barrels of 2P reserves. Highlights: – Approval of increase in work programme on each of Southern Adriatic permits F.R 39.NP and F.R 40.NP to include 3D s
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment has secured £55million in UK North Sea contract wins for the first half of 2011. During the last 6 months the company has landed both new and extended contracts with oil majors such as Nexen Petroleum
Repsol posted net income of 1.344 billion euros in the first half of 2011, slightly higher than the 1.338 billion euros of the year-earlier period. The group’s operating income totalled 2.722 billion euros compared with 3.004 billion euros in the same period of the previous year. The company’s perfo
Petroleum Geo-Services ASA, a company that provides various seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation published second quarter and first half 2011 results. Jon Erik Reinhardsen, President and Chief Executive Officer or Petroleum Geo-Servi
Statoil has received consent to use Maersk Gallant for exploration drilling of well 2/4-21 as well as an option on sidetrack 2/4-21 A. The well will be drilled in production licence 146/333 and is located in the North Sea about 13 kilometres north of Ekofisk. The closest distance to land (Lista) is
Statoil’s second quarter 2011 net operating income was NOK 61.0 billion (USD 11.15 billion) , a 129% increase compared to NOK 26.6 billion (USD 4.86 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK, a
On 26 July 2011, the Petroleum Safety Authority Norway (PSA) granted an Acknowledgement of Compliance (AoC) to the Haven mobile living quarters facility operated by OSM Offshore AS (OSM). Haven is a jack-up facility, delivered in 2010 by Drydocks World, Graha Shipyard in Indonesia. Haven has 447 sin
Shareholders of Dominion Petroleum on Monday rejected a $50 million placing in a Maltese farm-out deal with Mediterranean Oil and Gas and the two companies are now discussing how to proceed with the deal. MOG in June signed an agreement to farm out a 75% operated working interest in a production sha
MPX North Sea Ltd has exercised the option of a second well within its drilling contract with Awilco Drilling PLC and SPD. This well represents the third well of the SPD multi-client, multi-well 2011 drilling programme, and has an estimated contract value of approximately USD 7.3 million. The two we
Idemitsu Petroleum Norge, operator of production licence 377 S, has completed the drilling of wildcat well 35/7-1 ST2. The well was drilled about seven kilometres west of the Vega field in the North Sea. The primary exploration target for the well was to prove hydrocarbons in Middle Jurassic reservo
BP today said that it expects future cash flows generated by its worldwide operations to grow faster than output. This growth is expected in both its upstream and downstream businesses as the company delivers its strategic priorities, increases its investment in future growth opportunities and portf
Sartor Offshore reports that Statoil has extended the contract of Ocean Troll until November 2012, with two yearly options. Ocean Troll is a multipurpose anchorhandling, tug, supply vessel. In addition to normal AHTS capabilities, the vessel is capable of providing contingency services such as; stan
BG Group announced that its revenue and other operating income in 2Q increased by 26% to $5 115 million, reflecting the benefit of higher commodity prices and a 3% increase in E&P production, with solid operational performance across the Group’s assets. As a result of the above and a lower explorati
