Statoil and its partner Petoro have decided to further develop Gullfaks South in the North Sea by investing NOK 8.5 billion (USD 1.44 billion) in two new subsea templates and six extra wells. This will boost recovery by 65 million barrels of oil equivalent. Increasing recovery from Gullfaks South wi
During the periods 14 May and 13-15 June 2012, the Petroleum Safety Authority Norway (PSA), conducted an audit of Statoil’s facilitation of working environment and material handling in the design and construction of the Gudrun facility. The objective of the audit activity was to follow up how Statoi
After Dolphin Geophysical last week announced it would, together with Spectrum, start the the acquisition of a new Multi-Client 3D seismic survey in the Levantine Basin offshore Lebanon, Spectrum has today provided a more detailed insight into the project. Under contract to the Ministry of Energy an
A new centre for offshore structural expertise has emerged as a result of an expansion of Ramboll Oil & Gas head office in Esbjerg, Denmark. A highly specialised environment comprising engineers and technicians is located in the Danish offshore capital, Esbjerg. These specialists work exclusively wi
TGS has commenced acquisition of a 3D multi-client survey covering 1,520 km2 in Quads 208 and 217 of the Faroe Shetland Basin on the UK Continental Shelf, West of Shetlands. The Erlend West 2012 (EW12) survey is the industry’s first 3D survey in this northern area and covers the western most margin
Petrobras has discovered good quality oil in the fourth well drilled in the Rights Transfer area in the Santos Basin pre-salt cluster. The well, 3-BRSA-1053-RJS (3-RJS-699), known as Franco SW, is located at a water depth of 2,024 m, some 210 km off the coast of the city of Rio de Janeiro and 17 km
Miller Energy Resources (“Miller”) (NYSE: MILL) announced today that its Rig-35 received final approvals to commence drilling from the Alaska Oil and Gas Conservation Commission after a thorough and rigorous rig inspection followed by a blowout preventer (BOP) test. Rig-35 is already positioned over
Hercules Offshore, Inc. announced today that it has closed the previously announced sale of Platform Rig 3 , along with its wholly owned subsidiaries, TODCO Mexico Inc. and Servicios TODCO S. de R.L. de C.V., for aggregate consideration of approximately $36 million, consisting of a base purchase pri
Vantage Drilling Company has announced that the Aquamarine Driller’s customer in Malaysia has exercised the first of their one year options, extending the current contract to November 2013. The exercise of the option will keep the Aquamarine Driller working in continuity with its current contract an
Aker Solutions has successfully completed the manufacturing and subsequent load-out of one template and three manifolds for Statoil’s Skuld field in the Norwegian Sea. “Together with Statoil our project team has worked tirelessly to complete this important milestone. I’m proud of my colleagues and s
Keppel FELS Limited (Keppel FELS) and Floatel International Ltd (Floatel) have finalised a contract for Keppel FELS to build a new generation harsh environment accommodation semisubmersible (semi) worth US$315 million. This follows the Letter of Intent announced by Keppel and Floatel earlier in Marc
Eni, together with Vitol, signed a Memorandum of Understanding (MoU) with the Government of Ghana, represented by the Minister of Energy, and Ghana National Petroleum Corporation (GNPC) for the development and commercialization of discovered gas resources in the Offshore Cape Three Points (OCTP) Blo
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that the Company closed its previously announced sale of its South Africa business to The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd. (PetroSA) for net consideration of $52 million. The transac
China’s CNOOC Limited today announced its interim results ended June 30, 2012. For the first half of the year, the Company’s average realized oil price reached US$116.91 per barrel, representing an increase of 8.1% year-over-year (YoY), and the average realized natural gas price reached US$5.90 per
