Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, has formally awarded Talisman Malaysia Limited and PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali) a new production sharing contract (PSC) for the continuing production, further development and improved recovery of crude oil
Ithaca Energy Inc. has ceased discussions with all parties regarding the potential acquisition of all of the outstanding shares of the Company. As previously announced, the Company received, initially, a confidential, non-binding proposal to acquire all of the outstanding shares of the Company and,
Reef Subsea AS announced that it has successfully completed two contracts for its new subsea support vessels to perform their maiden operations. The Reef Despina and Reef Larissa have recently completed their first projects for Aker Solutions and Heerema Marine Contractors, respectively. Reef Subsea
Mikhail Fridman has submitted a letter of resignation to TNK-BP Ltd.’s Board of Directors, notifying his resignation from the position of Chief Executive Officer of the TNK-BP Group. Mikhail Fridman has also sent TNK-BP shareholders a letter of resignation from the position of Chairman of the Manage
Continuing with its 2012 event calendar, Sonardyne International will be exhibiting at EAGE (European Association of Geoscientists & Engineers), 4th-7th June in Copenhagen and Caspian Oil & Gas, 5th-8th June in Baku, Azerbaijan. The largest, most comprehensive geoscience event in the world, EAGE is
Australia’s oil & gas exploration and production company Woodside has plugged and abandoned its Jujak-1 exploration well, in Ulleung Basin offshore South Korea. The deep water well located about 40 km north of the Donghae gas-condensate platform and about 50 km east of the city of Pohang in the East
Valiant Petroleum plc reports that the Tybalt appraisal well 211/8c-5 has now been drilled to a total depth of 13,212′ Measured Depth. The well penetrated a full Upper Magnus Sandstone Member (UMSM) section, comprising 844′ gross, with 316′ of net sand. 210′ of core was successfully recovered from t
Officials from the Bureau of Safety and Environmental Enforcement (BSEE) participated on Friday in an all-day table top exercise designed to simulate the response to a well blowout in the Chukchi Sea. The exercise, planned over the past several months, included representatives from the U.S. Coast Gu
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, welcomed Khamis Juma Buamim Chairman, Drydocks World and Maritime World and heads and senior executives of the teams involved in the building of Shell’s Prelude FLNG project. The delegat
NZOG (New Zealand Oil & Gas Ltd) has entered into further conditional agreements that, upon completion, would result in NZOG taking on Operatorship and increasing its stake to 60% in the highly prospective offshore Taranaki permit, Kaheru. An application has been submitted to the New Zealand regulat
Aberdeen-based standby vessel operator Atlantic Offshore Rescue has secured contracts in the last few weeks with major oil companies worth a combined £12million. The vessels will provide support in the UK North Sea for Shell, Nexen, Hess and Talisman Energy (UK) Limited. Atlantic Offshore has been i
Karoon Gas Australia Ltd advises that at 06:00 hours (WST) today, the Boreas-1 well was completing pressure testing of the BOPs on surface. Since the last report, the 12-1/4” hole section was drilled from 3908 m to 4009 m, 9-5/8” casing was run and cemented, and the BOP and marine riser were pulled
Ithaca Energy Inc. announces the successful start-up of oil production from the Athena field. The initial operations phase of the field is in line with management’s expectations and proceeding as planned. This involves bringing production from each well online and establishing stable performance of
International law firm Pinsent Masons has appointed Akshai Fofaria as a Partner in the firm’s Energy and Natural Resources team. Fofaria joins from Jones Day’s well-respected Africa team based in Paris. The move will see him relocate to London but continue to focus on projects work in the oil and ga
