Maersk Drilling has signed a new contract with Centrica Energi at a value of at least USD 60 million. With this contract the company’s rig capacity in Norway is sold out until the second quarter of 2014. The demand for ultra harsh environment rigs keeps growing while rig supply remains tight. The co
Niko Resources Ltd. reports that Zaratex N.V as operator of the Lhokseumawe PSC has initiated drilling operations on the Candralila-1 well in western Indonesia. Niko recently took a 30% non- operating participating interest in the PSC (government approvals pending). The Candralila-1 well is the firs
ConocoPhillips today reported first-quarter earnings of $2.9 billion, compared with first-quarter 2011 earnings of $3.0 billion. Excluding $330 million of special items, first-quarter 2012 adjusted earnings were $2.6 billion. Special items were primarily related to gains on asset dispositions, parti
DOF and Maersk Oil North Sea UK Limited (Maersk) have agreed a 3 year extension of the contract for Skandi Caledonia Platform Sup. Maersk had, in accordance with the charterparty for the vessel, an option to extend the contract period with one year from 1st October 2012. This one yearly option has n
BG Group, a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets, today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to ex
Qatargas has completed ten years of operations on its offshore facilities without a Lost Time Incident (LTI) – a significant milestone demonstrating the company’s outstanding safety performance. This world class performance across the entire offshore facilities and operations is the result of the co
Stork Technical Services Subsea, the subsea division of the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, has invested more than £2million in a new specialist dive intervention craft (IC) and full diving spread to meet
Reef Subsea AS announced today that Scanmudring – one of its Norwegian subsidiaries – have been awarded by A/S Norske Shell a seabed dredging contract on Ormen Lange Mid-North field development. The task will be performed by the newly-built Scanmachine 4, the new generation of the highly experienced
The Petroleum Safety Authority Norway has compiled a number of general and more complex questions about the petroleum activities in the northern areas, from a health, safety and environment perspective. Here are some of the Q&A 1. Where are the northern areas? The Norwegian Government’s strategy for
SMD has been honoured with the prestigious Queen’s Award for Enterprise in the International Trade category for its growing presence and success in global markets. This is the second Queen’s Award the company has won in the last two years. In 2011, SMD was presented with the Queen’s Award for Innova
Bayfield Energy Holdings plc, an independent oil and gas exploration and production group with production and exploration interests in Trinidad & Tobago, has announced the formal execution of an exploration right over the Pletmos Inshore Block (“Pletmos”) offshore South Africa with an effective date
Origin Energy Resources Limited, a 100% owned subsidiary of Origin Energy Limited (Origin), as operator of the BassGas Joint Venture, advises that the Yolla Mid-Life Enhancement (MLE) project has reached a major milestone with the successful lifting and connection of the new accommodation and contro
Borders & Southern announces it has made a significant gas condensate discovery approximately 140 kilometers south of the Falkland Islands. Well 61/17-1 was drilled to a total depth of 4876m and came in very close to prognosis. As predicted, the strong AVO anomaly represented a porous sandstone rese
Trapoil, the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has been advised by Summit Petroleum Limited that the 12 ¼” hole section of the Orchid well bore has been re-drilled as a mechanical side-track. The partners i
