Royal Dutch Shell’s third quarter 2010 earnings, on a current cost of supplies (CCS) basis, were $3.5 billion compared to $3.0 billion a year ago. Basic CCS earnings per share increased by 16% versus the same quarter a year ago. Third quarter 2010 CCS earnings, excluding identified items , were $4.9
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, announces that it has been provisionally awarded four new exploration licences west of Shetland under the UK 26th Lic
Lundin Norway AS has received consent to carry out exploration drilling in the North Sea with the mobile facility Mærsk Guardian. The consent applies to drilling of exploration well 3/8-1, which is part of production licence 400. The well has the following geographical coordinates: N 56º 27′ 16.93”,
Endeavour International Corporation today announced a successful discovery in the West Rochelle area of the North Sea. The West Rochelle well was spudded on 3rd September and reached a total depth of 10,787ft on 7th October, encountering natural gas with an oil rim in an excellent quality reservoir
Maersk Oil sees a strong future for its UK North Sea oil and gas business after the Department of Energy and Climate Change awarded it 10 blocks in the 26th Licensing Round Maersk Oil North Sea UK Limited (Maersk Oil) announces that it had been granted licenses encompassing 10 blocks in the DECC’s 2
Petrofac, the international oil & gas facilities service provider, has been awarded a contract worth in excess of £500 million (Approximately USD$792.6 million) by Total E&P UK Limited (Total) for the development of a gas processing plant on the Shetland Islands. Work is scheduled to begin in Octobe
Oil and gas exploration licences granted by UK Department of Energy & Climate Change (DECC) DECC today reveal industry interest in developing the UK’s North Sea resources remains vibrant. Following the positive trends of recent years, 144 licences to extract oil and gas from UK waters have been offe
STEP Offshore, a wholly-owned subsidiary of Aker Solutions, has won a contract from Awilco Drilling Limited to engineer and deliver mud mixing and solids control systems to the Arctic II rig. STEP Offshore estimates that the value of the work will be approximately NOK 12 million(Approximately USD $2
Valiant Petroleum plc announces that its operated Viola North exploration well (Licence P1629, Block 30/18b) has reached a depth of approximately 16,000 ft TVDSS (~4,875 metres) and while the Fulmar sand formation was encountered, no hydrocarbons were present in this location. The well will be plugg
Royal Dutch Shell has radically simplified the design of the Kashagan oil development, slashing $18bn (£11.5bn) from the cost of the … By Richard Orange (Telegraph.co.uk) [mappress] Source: Telegraph.co.uk, October 26, 2010;
Providence Resources P.l.c., („Providence‟) the Irish oil and gas exploration and production company, whose shares are listed in London (AIM) and Dublin (ESM), is pleased to confirm that it has been offered a petroleum exploration licence over Rathlin Island, Northern Ireland. The licence has been o
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway,announces that it has agreed to acquire an 18.0% interest in the Blane oil field (“Blane Interest”) from ENI UK Limite
Prosafe SE has sold 6,716,396 shares in BWO and Prosafe Holding Ltd has sold 23,733,764 shares in BWO for a price of NOK 12.65 (USD $ 2,16) per share. After this sale, Prosafe SE and Prosafe Holding Ltd do not hold any shares in BWO. Prosafe SE is an owner/operator of semi-submersible accommodation
During the period 16-19 August 2010, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil Petroleum AS’ (Statoil) facilitation of future efficient and sound handling of materials on the Troll A facility. The audit activity was carried out through a start-up meeting at Statoil’
