Talisman Energy Inc. announced today that John A. Manzoni, President and Chief Executive Officer, has agreed to step down, effective immediately. Hal Kvisle, former President and Chief Executive Officer of TransCanada Corporation and current director of Talisman Energy, is appointed President and Ch
Axis Offshore has ordered a semi-submersible accommodation vessel satisfying the stringent North Sea operating requirements to be delivered Q1 2015. Axis Offshore is the newly established joint venture between strong and strategically committed shareholders; the Danish shipowner, J. Lauritzen and th
Malaysia’s SapuraKencana Petroleum Berhad has announced that SapuraAcergy Sdn Bhd has been awarded a contract for the charter of a vessel, Sapura 3000, to Construcciones Maritimas Mexicanas S.A. de C.V. SapuraAcergy Sdn Bhd is a joint-venture company equally owned by SapuraKencana and Subsea 7 S.A.
Rowan Companies plc announced today that it has exercised its option to build a fourth GustoMSC P10,000 design ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. (“HHI”) with delivery scheduled in March 2015. The cost for this rig, including commissioning, project management and spare
Offshore oil and gas operators in the Gulf of Mexico continue to restore production following Tropical Storm Isaac, The Bureau of Safety and Environmental Enforcement (BSEE) has reported. Oil and gas operators continue to assess their facilities and are submitting damage reports to BSEE as required.
Melrose Resources plc , the oil and gas exploration, development and production company, today announces that it has agreed to farm-out 30 percent of its equity in the Est Cobalcescu exploration concession offshore Romania to Beach Petroleum S.R.L. Following completion of the transaction Melrose wil
EMGS last month signed a contract worth approximately USD 7 million with a major international oil company to provide 3D EM acquisition and processing services in the Asia Pacific region. The contract has now been cancelled in mutual understanding with the customer due to unforeseen delays in obtain
Chariot Oil & Gas Limited, the Africa focused oil and gas exploration company, confirms that the Kabeljou (2714/6-1) exploration well in Southern Block 2714A in the Orange basin offshore Namibia has reached a total depth of 3,150 metres TVDss and logging operations were conducted over the weekend. T
TGS in partnership with PGS have started a new 20,000 km multi-client 2D survey over the Northeast Newfoundland Shelf. The seismic data is being acquired by the M/V Sanco Spirit and utilizes PGS GeoStreamer® technology. Data acquisition will continue into early Q4 2012 and the vessel will return in
Mbawa-1 exploration well in the Apache operated L8 licence area, offshore Kenya, has encountered gas in the shallowest objective. The Mbawa-1 exploration well has been drilled to a depth of 2,553 metres and has encountered approximately 52 metres of net gas pay in porous Cretaceous sandstones. The w
Transocean Ltd. announced today that the company has reached definitive agreements to sell 38 shallow water drilling rigs to Shelf Drilling International Holdings, Ltd. (“Shelf Drilling”) for approximately $1.05 billion. Shelf Drilling is a newly formed company sponsored equally by Castle Harlan, In
The Norwegian authorities on Friday received all the applications for Awards in Predefined Areas 2012 (APA 2012). A preliminary count indicates that 47 companies have applied for acreage. This result shows that there is still considerable interest in new acreage and previously awarded and explored a
Hess Corporation has agreed to sell its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) in Azerbaijan and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. The transaction, expected to close in the first quarter of 2013, is subject to I
Over 200 business leaders, government officials and members of the press gathered today at the Aberdeen Council and Shire Economic Future conference to discuss ‘Securing Investment for Success’ and heard Rod Christie, CEO Subsea Systems, GE Oil & Gas, speak about the significant opportunity for grow
