he well encountered ten hydrocarbon-bearing sandstone reservoir zones between 1,364ft (416m) and 6,000ft (1,829m) below mean sea level.
Colombia’s National Hydrocarbon Agency has announced preliminary terms and timing for the upcoming Bid Round, Ronda 2012. The official launch of Ronda 2012 took place in Bogota on the 21st of February at the JW Marriott and is to be followed by a series of road shows which include: Toronto, Calgary,
Wilson Sons Limited has, through Wilson Sons Ultratug Offshore, in which Wilson, Sons has 50% participation, signed a contract with Petrobras for the construction and operation of 4 (four) vessels type PSV 4500 (Platform Supply Vessel). This contract is part of the Petrobras Program for the Renovati
Dubai Maritime City, the world class centre for maritime activity in the Middle East region, announced today that it has signed a Land Lease (Mustaha) agreement for 25 years with ship repair and building entity, Dubai Shipbuilding. The Agreement was signed by Sheikh Juma bin Thani bin Juma Al Maktou
Octanex N.L. has announced that the last of three new 3D seismic surveys, the Ascalon 3D survey in WA-407-P, has been completed and the acquisition vessel, “Voyager Explorer”, has been demobilised. These new 3D seismic surveys have been acquired within three of the Company’s six Southern Bonaparte B
BMT ARGOSS, a subsidiary of BMT Group, has announced its latest research project in partnership with Reading University and OceanExpert Ltd. The 18 month project which is co-funded by the Technology Strategy Board, the UK’s national innovation agency, will look at developing, trialling and implement
Anadarko Petroleum today announced the first production at the Caesar/Tonga development in the Green Canyon area of the deepwater Gulf of Mexico. Production from Caesar/Tonga, with an estimated resource base of 200 to 400 million barrels of oil equivalent (BOE), is expected to ramp up to approximate
The semi-submersible well intervention rig will be built based on Bassoe Technology’s naval architectural design with Helix’s equipment layout. Featuring the latest technology, the rig is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, including conventio
The protection of the Baltic Sea will be further expanded: this spring, Nord Stream AG intends to establish an international nature conservation foundation for the Baltic Sea. This is a further outcome of the agreement reached in 2010 between Nord Stream AG and the environmental associations WWF and
Tidewater Inc. announced today the following update with respect to its negotiations with Sonangol, the national oil company of Angola, regarding Sonatide, the joint venture between Sonangol and Tidewater through which Tidewater markets its boat services to energy companies for operation in the wate
ProSep Inc., a Toronto Stock Exchange-listed company that provides process solutions to the oil and gas industry, has secured several contracts from repeat clients. The contracts, worth USD 2.5 million in total, include a bulk oil degasser for an offshore facility in the Gulf of Mexico, membrane sup
Anders Eldrup will resign from his role as CEO of Denmark-based DONG Energy. According to the information on the company’s website, he will do so by mutual consent. Fritz Schur, Chairman of the Board of Directors, states: ”Anders Eldrup has made a huge contribution to DONG Energy for eleven years an
Spectrum, in partnership with CGGVeritas and GeoData Ventures, have commenced a broadband 2D Multi-Client seismic survey offshore West Timor, Indonesia, utilizing CGGVeritas’ state-of-the-art BroadSeisTM technology. The largely prefunded program will cover 3,340 km over the Timor trough, with CGGVer
OSX was hired by Kingfish do Brasil Navegação S/A to build 11 medium range tankers, with 45,000 DWT (Deadweight Tonnage) each, for transportation of oil and clear products. These vessels shall be chartered by Kingfish to Petrobras. The approximate total value of the shipbuilding contract between Kin
