Saint Petersburg hosted Friday a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total. The participants tackled the main issues of Phase 1 implementation at the Shtokman field and, inter al
DOF Subsea Asia Pacific, a subsidiary of DOF ASA has won several contracts in Asia and Australia over the last couple of weeks with a total contract value of abt. USD 30 mill. The Skandi Hawk RSV on charter from DOF Rederi AS, will commence operations in the region following installation of a crane
MEO Australia Limited’s subsidiary, Rayong Offshore Exploration Limited, has executed a binding farm-in agreement with Pearl Oil Offshore Limited (“Pearl Oil”) to acquire a 50% Participating Interest in the Block G2/48 Concession in the Gulf of Thailand. G2/48 is located in shallow water, proximal t
Wood Group PSN has secured a major North Sea contract by Premier Oil to deliver integrated operations and maintenance support services to the Balmoral floating production vessel (FPV). The contract, estimated to be worth in the order of £250 million (USD 396.5 million) , will see Wood Group PSN prov
Statoil together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil. The partnership announced today that it has made a high impact discovery in the Pão de Açúcar prospect located in the BM-C-33 block in the Camp
South Korea’s Samsung Heavy Industries on Friday announced that it had received contracts for the construction of two drillships without revealing who the costumer was. Today, Seadrill, a Norwegian/Bermudan offshore drilling contractor confirmed the deal. The construction of the drillships is schedu
Dragon Oil plc, a Dubai-based international oil and gas exploration, development and production company, announces the successful completion and initial testing of the Dzheitune (Lam) 28/166 development well, off the coast of Turmenistan. The well, located in the Caspian sea was completed with a sin
Providence Resources P.l.c. provides an operational update on its ongoing well operations in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in c. 100 metre water depth, c. 50 kilometres offshore Ireland in Standard Exploration Licence (SEL) 1/
Technip awarded contract by Petrobras to provide high-tech solutions for the Guara & Lula Nordeste pre-salt fields in Brazil. Technip was awarded by Petrobras a highly technological lump sum contract for the Guara & Lula Nordeste pre-salt field development located in the Santos Basin, offshore Brazi
Fugro Singapore has been awarded a major offshore geotechnical investigation contract by Reliance Industries Ltd on the East Coast of India. Fugro will carry out geotechnical investigations, laboratory testing and foundation design studies to allow detailed design of subsea infrastructure for the Dh
Petrobras on Friday announced a discovery of light oil in ultra-deepwaters of the Santos Basin pre-salt reservoirs, block BM-S-9. The new well, 3-BRSA-1023 (3-SPS-85), named Carioca Sela, is located in the assessment area of 1-SPS-50 (Carioca) field, some 4.5 Km from the discovery well. In this new
Thailand’s PTTEP has entered into the race with Shell over Cove Energy’s shares. PTTEP’s President and CEO Anon Sirisaengtaksin revealed that the company would be willing to pay 220 pence for each Cove’s issued or to be issued share. The proposed offer values Cove at approximately USD 1.77 billion w
ATP Oil & Gas Corporation today announced an increase in its estimated year-end 2011 proved and probable pre-tax PV-10 value to $7.3 billion based on SEC pricing, up 52% from $4.8 billion at year-end 2010. ATP also provided an update on production for full-year 2011 which averaged an estimated 24.6
Petrobras, Brazil’s oil and gas company, reports that the company’s average production of oil and natural gas in Brazil and overseas in January was 2,731.1 thousand barrels of oil equivalent per day (boed). The result represents a 2.6 % rise compared to the volume registered in the same period in 20
