Cue Energy Resources Limited, an Australian based oil and gas company, has started drilling the Banambu Deep exploration well, offshore Western Australia. The drilling of the Banambu Deep prospect has commenced with the spudding of the well at 16:30 hours WST on 29 May 2012. The well is anticipated
Norwegian survey and positioning specialists, iSURVEY Group AS, has chosen to invest in a SPRINT (Subsea Precision Reference Inertial Navigation Technology) system from Sonardyne International to support its ROV surveys and deep water marine construction activities. The purchase follows trials of th
Pacific Drilling S.A., a fast growing company dedicated to becoming the preferred ultra-deepwater drilling contractor, has received a letter of award for the Pacific Sharav drillship, revealed the company’s CEO Chris Becket. CEO Chris Beckett commented on the increasing demand for ultra-deepwater un
Fugro has extended the contract on the construction vessel Skandi Carla until July 2017. The Skandi Carla is Fugro’s purpose designed and built ROV survey and construction support vessel which was delivered in July 2001. The diesel-electric NMD Class II DP vessel is equipped with a Simrad SDP22 syst
AWE Limited reports that the Atlas-1 exploration well commenced drilling at 1930 hours (local time) on 30 May, 2012. At 0600 hours today, the well was drilling ahead at a measured depth of 310 metres. Atlas-1 is an exploration well designed to test the gas potential of a carbonate reservoir sequence
Swedish oil and gas exploration an production company, Lundin Petroleum has received consent from PSA Norway to carry out exploration drilling with the Transocean Arctic semi-submersible drilling rig. The consent relates to drilling and production testing of appraisal well 16/2-13 which belongs to p
Canada’s Pacific Rubiales Energy Corp has agreed to purchase 85,714,285 units of CGX Energy Inc. (“CGX”) at a price of C$0.35 per unit for an aggregate investment of C$30 million. At the same time, the Company has entered into a technical services agreement with CGX whereby Pacific Rubiales will pro
Sterling Resources Ltd. has trough its subsidiary in Romania, Midia Resources SRL (“Midia”), entered into a contract with Grup Servicii Petroliere SA (“GSP”) for the drilling of offshore exploration wells “Ioana” in Block XV Midia and “Eugenia” in Block XIII Pelican. Midia, on behalf of Sterling and
Maersk Oil, a fully-owned subsidiary of the A.P. Moller – Maersk Group, has signed a definitive agreement with Noble Energy Inc for the purchase of their 30% interest in the Maersk Oil operated Dumbarton and Lochranza fields, as well as the Global Producer III FPSO (Floating Production Storage and O
ClerkMaxwell has secured framework agreements with four major North Sea operators with the potential value of up to £15m over the next three years. Since Costain completed the acquisition of the Aberdeen-based upstream oil and gas consultancy in April of last year, the company has gone from strength
Hess Corporation today announced it had reached agreement with Royal Dutch Shell to sell its 15.67 percent interest in the BP-operated Schiehallion field, its associated share in the Schiehallion Floating, Production, Storage and Offloading vessel (FPSO) and the West of Shetland pipeline system. The
The Norwegian subsea entrepreneur Ocean Installer has opened a UK office in Aberdeen, Scotland. The new office will become a full-blown regional branch of Ocean Installer. “We are very pleased that less than one and a half year after Ocean Installer was established, we are at a place where the only
Seadrill, one of the world’s largest offshore drilling contractors, has sold 300 million shares in SapuraKencana Petroleum BHD (“SapuraKencana”). The proceeds from the transaction will be approximately US$200 million. SapuraKencana is the new entity formed by a merger of Kencana Petroleum Bhd and Sa
It has been 12 years since the FPSO Congress set sail and it has been a success story year after year. The stage is set for a much bigger event in 2012 as it continues to analyse the inexorable rise of FPSOs.
