Lundin Petroleum AB (“Lundin Petroleum”) through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the plan for development and operation (PDO) for the Gaupe field (former Pi) in PL292, located in the Norwegian North Sea. First
Marine Subsea UK, a provider of subsea well intervention, decommissioning and construction support solutions to the global subsea… [mappress] Source: newstatesman, June 29, 2010;
Aker Solutions has secured a three-year contract extension for engineering and construction work with client Nexen Petroleum UK Limited in the UK sector of the North Sea. Aker Solutions estimates the contract value to be approximately GBP 60 million. “It is a strategic objective for Aker Solutions t
EnCore Oil plc provides an update on the Catcher East side-track well located in UK Central North Sea block 28/9. The 28/9-1Z well has successfully encountered excellent quality oil bearing sandstones very similar to those in the Catcher discovery well, with average porosity of approximately 34 per
Apache Corporation today announced that its Maule Field in the United Kingdom sector of the North Sea has commenced production at approximately 11,750 barrels of oil per day. The new field was brought on production approximately eight months following the October 2009 discovery. Apache holds a 100-p
TGS announces 1 July 2010 as the official start date for the company’s new Chief Financial Officer, Kristian Johansen. Kristian’s appointment had been announced earlier; however he has been prevented from fully engaging with TGS due to commitments with his previous employer. Robert Hobbs, Chief Exec
Noble Corporation today announced that it has entered into a definitive merger agreement pursuant to which it will acquire privately held FDR Holdings Limited (“Frontier”) in a cash transaction which values the enterprise at $2.16 billion. Frontier is an independent drilling company consisting of th
Statoil has signed a three-year contract with Stena Drilling for hire of the Stena Don drilling rig. The contract value is USD 437 million over a period of three years. Plans call for the semi-submersible rig to be used for drilling on the Norwegian continental shelf (NCS). The rig was also under co
Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap ASA a drilling permit for wellbore 24/12-6 S, cf. Section 8 of the Resource Management Regulations. Wellbore 24/12-6 S will be drilled from the Songa Delta drilling facility at position 59° 3’ 54.3” north 1° 45’ 15.2” east afte
BG Norge AS, operator of production licence 297, is in the process of completing the drilling of wildcat well 1/3-12 S. The well is located about 30 km northwest of the Ekofisk field in the southern part of the North Sea. The purpose of the well was to prove petroleum in reservoir rocks in the [&hel
SBM Offshore NV (Amsterdam: SBMO) has successfully completed the refinancing and expansion of its existing revolving credit facility of USD500m to a new USD750m facility. The company said today that the targeted syndication to a select group of banks found very strong interest and resulted in a subs
The seismic/research vessel Oceanic Vega for the shipowner Eidesvik Seismic Vessels AS, has the last week been on successfully sea trials. Oceanic Vega is a seismic/research vessel of type ULSTEIN SX120, and is the first of two sisterships for the shipowner Eidesvik Seismic Vessels AS. The ship goes
Minister Conor Lenihan announced details of new exploration opportunities in Irish waters – the “2011 Atlantic Margin Licensing Round”. The Minister also announced details of a new joint Ireland/Newfoundland-Labrador research project involving a plate reconstruction of the North Atlantic. The 2011 A
Offshore drilling typically refers to the discovery and development of oil and gas resources which lie underwater. Most commonly, the term is used to describe oil extraction off the coasts of continents, though the term can also apply to drilling in lakes and inland seas. Offshore drilling presents
