Transocean Ltd.’s senior management team, led by Chief Executive Officer Steven Newman, announced that they are voluntarily donating the safety bonuses that were awarded to them for 2010 to the Deepwater Horizon Memorial Fund. “The executive team made this decision because we believe it is the right
TGS announces that it has signed a Letter of Intent with Dolphin Geophysical AS to charter the M/V Polar Duke for 3D multi-client projects in Europe during the 2011 summer season. The charter will begin in May 2011 and will last for a minimum of 3 months. The agreement also provides an option for [&
Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB (Lundin Petroleum), operator of production licence 338, has completed well 16/1-15 on the Tellus prospect as an oil discovery. The well has been successfully tested and a comprehensive logging and coring program has been acquired. Th
Solstad Offshore ASA (SOFF) has entered into agreement with NOR’s other shareholder, Nortrans Invest Pte. Ltd for the purchase of their 40,9% ownership share in NOR. SOFF will, after the transaction, own 100% of the share capital in NOR. The transaction is estimated to be completed April 14th 2011,
Maersk Drilling has signed a contract with Samsung Heavy Industries (SHI) in South Korea for the construction of two ultra deepwater drillships. The drillships are scheduled for delivery in the third and fourth quarters of 2013, respectively. The total project cost for the two drillships is close to
A working meeting was held yesterday at the Gazprom headquarters. Participating in the meeting were Alexey Miller, Chairman of the Management Committee of Gazprom, Helge Lund, President and Chief Executive Officer of Statoil and Christophe de Margerie, Chairman and Chief Executive Officer of Total S
Polarcus Limited announces that the Company has received a Letter of Intent for a 550 square kilometer 3D seismic acquisition project West of Shetlands, offshore United Kingdom. The project, subject to the execution of a service contract, will commence in August 2011 and is expected to run for appro
Northern announces that Northern Petroleum (UK) Limited (“NPUK”) has applied to the Italian authorities for the transfer to Shell Italia E&P S.p.A (“Shell”) the role of Rappresentante Unico (“Operator”) for six permits offshore west of Sicily; G.R17.NP, G.R18.NP, G.R19.NP, G.R20.NP, G.R21.NP and G.R
Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for March 2011. Songa Venus achieved operating efficiency of 99% during the month. The rig continues to operate for Total E&P in Australia. Songa Mercur arrived Singapore during the month, BOP and relevant rig equipment an
AGR Petroleum Services Limited has declared option wells numbered one, two and three of its contract with Awilco Drilling Limited for the Wilphoenix. These options represent the second, third and fourth wells of AGR’s multi well multi client 2011 drilling programme. The combined contract value for t
Reef Subsea AS, an associated company of GC Rieber Shipping, has decided to divest from its Bluestone Offshore Pte Ltd business based in Singapore. Bluestone is an integrated geotechnical site investigation company providing complete solutions for offshore projects requiring seabed data and sampling
DOF has entered into an agreement with Fugro for a new contract for Multipurpose Field Support Vessel Skandi Olympia. The new contract starts in March 2012 for a period of 2 years + 1 year option. As a result of this new contract with Fugro, DOF will utilize new build 82 at Cochin Shipyard […
SeaBird Exploration PLC (“SeaBird” or “SBX”) announces that an agreement has been reached with Chevron North Sea Limited (on behalf of itself and the other Rosebank co-venturers: Statoil (U.K.) Ltd., OMV (U.K.) Ltd., and DONG E&P (U.K.) Ltd) related to the earlier announced award of the Rosebank 2 s
Technip was awarded a full EPIC(1) contract by RWE Dea, for the Clipper South gas field development in the North Sea. The field is located 70 kilometers North-east of the Bacton gas terminal in 25 meters of water. The contract covers full project management, detailed pipeline design, installation an
