Dana is delighted to announce that the Medway integrated oil and gas development, operated by Dana Petroleum Netherlands, has received project sanction. First production from Medway is expected in Q4 2011. The project is initially expected to add an average of 4,100 barrels of oil equivalent per day
FMC Technologies, Inc. announced that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Katla development. The award has a value of approximately $75 million in revenue to FMC Technologies. Katla is a fast-track offshore oil and gas
Statoil and Nautical Petroleum have today signed an agreement whereby Statoil will acquire 20.67% of Nautical Petroleum’s interest in UK offshore licence P335 containing the Mariner field. This strengthens Statoil’s position as operator, and together with its 81.6% in Bressay gives Statoil a more al
A brand new Craig Group vessel was christened, Monday September 20, at Aberdeen Harbour as the global shipping and energy services firm names one of the last vessels in its £130 million investment programme. The vessel, which is a NSS -IMT 948 designed emergency response and rescue (ERRV) vessel, wi
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or the “Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, is pleaannounced it has received Field Development Plan (“FDP”) approval
The Trans Adriatic Pipeline (TAP) highlighted that the Shah Deniz II natural gas field in Azerbaijan is the initial target of gas intended for the project. In a joint statement, shareholders EGL, Statoil and E.ON Ruhrgas said: “The TAP pipeline is designed to cater for the volumes of gas from Shah D
Nautical Petroleum announces the results of the Kraken appraisal well located on UK Central North Sea block 9/2b, in which Nautical has a 35 per cent. equity interest. The 9/02b-4 well was drilled to a total depth of 4,502 feet Measured Depth (MD). The top of the target Heimdal III was encountered a
The Norwegian Petroleum Directorate (NPD) has granted RWE Dea Norge AS a drilling permit for well 35/9-6 S, cf. Section 8 of the Resource Management Regulations. Wellbore 35/9-6 S will be drilled from the Bredford Dolphin drilling facility at position 61°22’16” north, 3°41’33” east after completing
Faroe Petroleum, the independent oil and gas group focused on oil and gas exploration in the Atlantic Margin, Norway and the North Sea, announces its unaudited Interim Results for the six months ended 30 June 2010. Highlights Operations * Significant gas and condensate discovery in the Fogelberg wel
FoundOcean, the subsea and offshore grouting specialist for the global energy construction industries, has mobilised grouting equipment and eight offshore personnel from Stavanger, Norway to the North Sea to perform jacket upgrade operations through member strengthening to the Valhall Quarters Platf
Det norske oljeselskap ASA has signed a contract with Aker Drilling for the charter of the rig Aker Barents for the period from July 2012 to July 2014. Det norske’s current rig contracts expire in 2012. The charter for Aker Barents ensures that Det norske will have rig capacity for operations in dee
If exploration drilling fails to prove oil or gas, or if the proven petroleum volumes are too small to warrant profitable development, then the main rule is that the area shall be relinquished to the authorities. Relinquishment takes place at the end of the initial period (the exploration period), o
Chevron Corporation announced that its Turkish subsidiary has signed a Joint Operation Agreement with Turkey’s state oil company for an exploration license in the Black Sea. “This agreement represents a significant exploration entry into a highly prospective new basin,” said George Kirkland, vice ch
US based Global Industries is about to take delivery of the first of two deep-water derrick pipelay vessels from Keppel Singmarine, Singapore. The vessels are designed by Ulstein Sea of Solutions in The Netherlands. The first newbuild, the Global 1200, was named on 18 September. The vessel is in its
