The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a contract award from an international oil company for an Ocean Bottom Cable survey offshore Norway. The total survey duration is expected to be 116 days and the estimated contract value is $24.5m. The survey
Det norske oljeselskap ASA has received the go-ahead to develop Jette. Today, the Norwegian authorities approved the Plan for Development and Operation (PDO) of the field, which is operated by Det norske. Jette is the company’s first field development as operator. CEO Erik Haugane states that this r
President of Russia’s LUKOIL, Vagit Alekperov, and the Governor of the Astrakhan Oblast Alexandr Zhilkin have recently attended a ceremony in Astrakhan to lay a corner stone for offshore oil and gas facilities at V. Filanovsky field. Memorial tablets were fixed upon the base sections of a riser bloc
One of Australia’s leading gas producers, Santos, today reported a net profit of $753 million after tax for the year ended 31 December 2011, 51% higher than the previous year. The 2011 headline result includes a $408 million profit after tax from asset sales, including a 15% interest in the GLNG pro
AWE Limited has completed the transaction to acquire a 100% interest and operatorship of two Production Sharing Contracts offshore Indonesia effective 17 February 2012. The two PSCs, the North West Natuna Production Sharing Contract (“NWN PSC”) and the Anambas PSC are located in the Natuna Sea in 70
LogiCamms has been awarded a contract with Chevron Australia to provide maintenance engineering services on the Chevron-operated Gorgon Project. The four year contract has an estimated value of approximately $8m and commences immediately. Steve Banning, LogiCamms’ Managing Director, said the contrac
French supermajor Total has signed production sharing agreements with the Côte d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses. Total will operate the CI-514 license with a 54% interest, in partnership with Canadian Natural Ressources International (36%) an
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
Floatel International has signed a Contract with BP Exploration Operating Company Limited for provision of its accommodation and construction support vessel Floatel Victory for the Clair Ridge Development project. The Clair Ridge field is located on the UK Continental Shelf, approximately 66 km west
Singapore based KS Energy Limited has secured two project contracts with an established shipyard from China to supply major capital equipment, plus ancillary services, worth approximately S$15 million in total for the construction of two jack up rigs. Under the terms of the contracts, KS Energy is t
Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$213 million order from Safin Gulf to build a Pacific Class 400 jack-up drilling rig. The Pacific Class 400 jack-up drilling rig, a proprietary design of PPL Shipyard, represents the latest generation of high-specification jack-up drilling ri
Anadarko Petroleum Corporation yesterday reported the successful results of the Heidelberg-2 appraisal well, situated in Green Canyon block 903 in the deepwater Gulf of Mexico, which encountered approximately 250 net feet of oil pay in high-quality Miocene sands. The appraisal well was drilled to a
Aker Solutions reported an 18 percent increase in revenues and a solid operating result in the fourth quarter of 2011, reflecting strong market conditions and high activity in the oil and gas industry. Revenues in the fourth quarter of 2011 amounted to NOK 11 600 million, compared with NOK 9 794 mil
Norway’s Statoil and its U.S.-based partner ExxonMobil confirm that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir. Drilling operations are still on-going and it is too early to give any indication of size and commerciality. Th
