PetroSA and Cairn India Group today signed a farm-in agreement for exploring for crude oil and natural gas in the offshore Block 1 in the Orange Basin on the west coast of South Africa. The closure of the transaction is subject to South African regulatory approvals. Block 1 covers a large area of 19
Norwegian drilling contractor Sevan Drilling is optimistic about securing charter deals for its under-construction drilling rigs. The company’s two rigs, currently being built in China, are scheduled for delivery in 4Q 2013 and 2Q 2014. Sevan Drilling says it has been in talks with oil companies for
The vessel Artemis Atlantic has resumed acquisition of 2D seismic data as planned in the north-eastern part of the Barents Sea. A total of approx. 14 300 kilometres (about 40 lines) of seismic will be acquired in this area, and according to the plan, the work will continue until mid-October. The fis
Electromagnetic Geoservices ASA (EMGS) has received a Letter of Award for a contract worth approximately USD 20 million from a major international oil company to acquire 3D electromagnetic (EM) data offshore Brunei. Data acquisition will be performed from the vessel EM Leader with start-up in the fo
One of the world’s largest drilling contractors, Transocean, has announced it has been awarded a contract extension for its Sedco 714 rig. The award comes from Total E&P UK, a subsidiary of the French oil major Total. Under the agreement the rig will continue its work for Total in the UK sector of t
The Secretary of State’s Representative for Maritime Salvage and Intervention has approved Shell UK’s plans to remove oil contained in the Gannet pipeline. The operation will recover the majority of the oil remaining in the carrier pipe, at a water depth of 91m (300ft), following an oil leak from th
SBM Offshore, a Dutch based provider of systems and services to the global offshore oil and gas industry in its half-yearly report said that it has been working to complete works on the Yme platform “as soon as possible.” The company couldn’t specify the exact date of the completion of the works on
Sadra Shipbuilding Plant in Busher has launched its second barge for transportation of platform jackets for the offshore South Pars field developments, Pars Oil and Gas company reports. Mahdis II, a 1,500-metric ton (1,654-ton) vessel, is 84 m (275 ft) long, with a breadth of 27 m (88 ft), height of
Bass Strait Oil Company Ltd has engaged IndigoPool, a subsidiary of the multi-national oil and gas services company Schlumberger Ltd, to act as its agent in marketing the Company’s extensive interests in the Gippsland Basin. BAS currently holds large interests (ranging from 40% to 100%) in a portfol
Rialto Energy Limited provides a weekly update on drilling operations at the Gazelle-P4 Development Well, offshore Côte D’Ivoire as at 10:00hrs, 15 August 2012 (GMT). Since the last report, the well has been drilled to the 13 3/8″ casing point at 2123m MDRT. Current operations are drilling out cemen
As part of the Obama Administration’s continuing commitment to expanding safe and responsible offshore energy exploration and development, the Bureau of Safety and Environmental Enforcement (BSEE) today announced the issuance of a final drilling safety rule. The rule makes final the important safety
Buccaneer Energy Limited has, together with BlueCrest, executed the final closing documents with Pioneer Natural Resources Alaska, Inc. for the acquisition of the Cosmopolitan Project (“Cosmo”) in Alaska, USA. Cosmo is being jointly acquired with privately owned Fort Worth, Texas based BlueCrest acq
Worthington Energy, Inc., an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, reports that the Company continues to make significant progress on the I-1 Well project, located in shallow waters of the U.S. Gulf of Mexico, in the Musta
Dana Petroleum yesterday welcomed the Secretary of State for Scotland, Rt. Hon. Michael Moore MP, to its Aberdeen headquarters. Mr Moore met with Group Chief Executive Dr Marcus Richards to discuss Dana’s plans to invest $5 billion to more than double in size by 2016. Mr Richards said, “This is an e
