In reference to announcement made on June 8, 2010, Sevan Marine ASA, on behalf of one of its subsidiaries, has received commitment from ING Bank to arrange and underwrite the USD 230 million Senior Secured Credit Facility for FPSO Sevan Voyageur. The fully documented loan agreement is expected to be
Endeavour International Corporation today announced that a sixth appraisal well has been successfully drilled and tested in the Cygnus gas field further confirming the field as one of the largest ever discovered in the UK sector of the Southern North Sea. In addition, the Department of Energy and Cl
Statoil and HitecVision have signed an agreement under which HitecVision will acquire Statoil’s subsidiary Tampnet AS. Tampnet operates a large high capacity communication network between offshore installations. Established by Statoil in 2001, Tampnet has since grown to serve 34 oil and gas fields a
TGS has commenced a new multi-client 3D survey in partnership with PGS. This project, NVG10, covers a 3,500 km2 area in the North Viking Graben area of the Norwegian North Sea. The project is being acquired by the PGS Atlantic Explorer and utilizes PGS’ GeoStreamer® Technology. “Substantial customer
A consortium, including LUKOIL Overseas (a 100% subsidiary of OAO LUKOIL) and Vanco International of USA, has won a tender for exploration and development of two blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea. The respective stakes of LUKOIL Overseas and Vanco in the conso
EnCore Oil plc provides an update on the Catcher South West Appraisal side-track well located in UK Central North Sea block 28/9. The 28/9-1Y well was drilled to a Total Depth of 6,255 feet Measured Depth (M.D.) having successfully encountered excellent quality oil bearing reservoir sandstones at th
Aberdeen mechanical service company EnerMech has been awarded an £8.2million contract in Azerbaijan.The crane operation, maintenance and… [mappress] Source: Pressandjournal, July 6, 2010;
Nearly 1200 multiphase flow meters using Vx technology has now been sold worldwide by Framo Engineering and Schlumberger. The PhaseWatcher Vx multiphase flow meter (MPFM) is finding an ever-increasing acceptance onshore, offshore and subsea where operators now are achieving an increasing level of re
With several deepwater projects successfully completed over the last few years and in recognition of the growth potential in South-East Asia, Jumbo Offshore has decided to open a new Regional Office in Perth, Australia. The office is headed by Mr Sjoerd Meijer, Business Development Manager Australia
Ulstein Group delivered the seismic research vessel Oceanic Vega to Eidesvik Seismic Vessels on 2 July. Oceanic Vega was named and delivered on 2 July. She is owned through a joint venture between shipowner, Eidesvik, and the geophysical company, CGGVeritas. “We are proud to deliver one of the most
Petroceltic International plc (PCI.L) (“Petroceltic” or “the Company”), the independent oil & gas exploration company focussed on the Middle East, North Africa and Mediterranean region, today advises that on 30th June the Italian Minister of Environment, Stafania Prestigiacomo, announced at a confer
DANA Petroleum has received a takeover approach from South Korea’s national oil company (KNOC) understood to value the explorer at up to… [mappress] Source: Business,July 2, 2010;
Wellstream, a leading manufacturer and supplier of flexible pipe systems and solutions to the offshore oil and gas industry announces the award from OGX Petroleo e Gas of a contract to supply flexible risers and flowlines mid-water arches, umbilicals and other associated equipment and services. The
Rowan Companies, Inc. announced today that it has entered into a Share Purchase Agreement with Skeie Technology AS, Skeie Tech Invest AS and Wideluck Enterprises Limited and has obtained irrevocable commitments from Skeie Holding AS and Trafalgar AS (collectively, the “Sellers”) enabling Rowan to pu
