Spain-based Repsol has commenced drilling operations at the Jaguar-1 well, located on the Georgetown Petroleum Prospecting License, offshore Guyana. The Jaguar-1 well will be drilled to a depth of 6,500 metres to test the Turonian geologic zone. The well is being drilled by the Atwood Beacon jack-up
Octanex N.L. announced today that the last of three new 3D seismic surveys has commenced, with the survey vessel now on location and acquiring the Ascalon 3D survey in WA-407-P. Acquisition of the Ascalon survey is expected to take approximately 24 days. These new 3D seismic surveys are being acquir
Cyprus-based SeaBird Exploration PLC has received a Letter of Award for a major contract of 2D seismic work for the entire summer season from a major client. The contract represents a value in the range of US$ 11-13 million. The work will commence during mid-March 2012, and will be carried out using
Brazil’s Petrobras has announced that its Board of Directors has elected Maria das Graças Silva Foster as CEO, taking over from José Sergio Gabrielli de Azevedo. Mr. Gabrielli will remain in office until next Monday, February 13th, when the new CEO will take office. José Sergio Gabrielli de Azevedo
Petroleum Safety Authority Norway has granted consent to Lundin Petroleum for exploration drilling in the Norwegian part of the North Sea with the Bredford Dolphin offshore drilling rig. The consent relates to the drilling of exploration well 6201/11-3 which is part of production licence 519 with Lu
KBR announced yesterday that its joint venture with JGC Corporation and Chiyoda Corporation, the JKC JV, has signed the formal contract for engineering, procurement and construction (EPC) activities on the Ichthys LNG Project in Northern Australia. The JKC JV partners signed this EPC contract, value
As operators face the dual challenge of sustaining their production levels in mature regions and effectively exploiting the uncapped reserves in growth areas, such as, West Africa, US Gulf of Mexico and Brazil, the potential for subsea capital expenditure throughout the forecast period has increased
Husky Energy, one of Canada’s largest integrated energy companies, today said that preparations are progressing towards executing a scheduled offstation for the SeaRose FPSO in the second quarter of 2012. The offstation is expected to last approximately 125 days and is forecast to impact production
A serious accident in conjunction with a lifting operation occurred at Kvaerner’s yard at Verdal Wednesday 8 February. The accident occurred Wednesday afternoon. Three persons fell from hight when they were working at the Kvaerner yard at Verdal. They were working in a basket from a crane when the b
Foster Wheeler AG, has been awarded a contract by Discovery Gas Transmission, LLC to provide design, engineering and technical services for a junction platform, facilities and associated pipelines within the Discovery System at South Timbalier 283, in the Gulf of Mexico. The Foster Wheeler contract
Essar Projects has today announced the completion of Rs.1,064crores D1 Development Project for ONGC by end-March 2012. The project includes installation of three offshore platforms, layingof subsea pipelines to connect the three platforms to the existing floating production, storage and offloading (
Noble Energy, Inc. reported today a fourth quarter 2011 net loss of $296 million, or $1.67 per share diluted, on revenues of $985 million. Results for the quarter included an asset impairment charge and an unrealized commodity derivatives loss. Excluding these items, fourth quarter adjusted net inco
James Fisher and Sons plc (JFS) announces that its subsidiary James Fisher Angola Ltda has been awarded a five-year contract by BP Angola for the provision of export tanker support services off the coast of Angola. The contract involves the operation of three anchor handling tugs and diving services
North Energy has today entered into an agreement to sell its interest in licence 433 (Fogelberg) for NOK 70 million to Centrica Resources (Norway). Production licence 433, located in Norwegian sea, contains the Fogelberg gas/condensate discovery proven in 2010. North Energy holds 12 per cent of the
