Centrica plc, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of $223 million (£142 million), including $103 million (£66 millio
The signing ceremony of cooperative agreement between Nantong COSCO Heavy Industry Co.,Ltd. (CHIC) and Italy Remazel Co. was held recently in Shanghai. Mr. Wang Zhihua, General Manager of Nantong COSCO Heavy Industry Co.,Ltd. and Mr. Gianfranco Gamba, CEO of Remazel Co. signed the agreement on each
Statoil and its partners on the Snøhvit field have increased the reserves estimate by 20 billion standard cubic metres of gas. Production experience from the field has proven that it is possible to produce more gas from the reservoirs than previously assumed. The adjustment corresponds to an increas
Chevron Corporation today reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter. Full-year 2011 earnings were $26.9 billion ($13.44 per share – diluted), up 41 percent from $19.0 bi
The first well in Bayfield’s exploration and appraisal programme in the offshore Galeota Licence Area is expected to spud today (27 January 2012). The Rowan Gorilla III is already on location and jacked-up in preparation for the drilling of the well, designated EG8, in approximately 135 ft of water
The Ferguson Group, specialists in the rental of containers and accommodation and engineering modules to the offshore energy industry around the world, has appointed Haakon Andersen, Chairman, Ferguson Seacabs, and Mike Salter, Chairman Ferguson Modular Ltd, to the main Ferguson Group Board. They bo
Seamec Ltd has informed Bombay Stock Exchange that the SEAMEC II vessel was detained by the Customs for non production of the copy of the original Bill of Entry purported to have filed by the seller of the vessel, an Indian Corporate Entity, at the time of import in the year of 1988. The Company [&h
The Norwegian Government has awarded RWE Dea Norge seven new licenses, of which two as operator in the latest Awards in Predefined Areas round for 2011 (APA 2011). The two licenses awarded to RWE Dea as operator, each with a 40% share are situated next to the company’s operated license PL330 in the
EnQuest’s option to purchase Bluewater’s FPSO Uisge Gorm has been exercised and the sale was completed on Wednesday 25th of January 2012. EnQuest will deploy the FPSO on the UK Alma and Galia fields project. The Alma/Galia field development project is worth approximately $850 million and will add a
Chevron Nigeria Ltd. is finalizing plans to commence drilling two relief wells to control the burning Funiwa Deep 1A well, offshore Nigeria. The fire is still burning at the well, but at a diminished rate. Based on the condition of the well, the safest way to control the well is to drill a relief we
The Obama administration yesterday announced that the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) will hold the consolidated Central Gulf of Mexico Lease Sale 216/222 in New Orleans on June 20, 2012. The sale will include all available unleased areas in the Central Planning
Havila Shipping has entered into an agreement with FugroTSM in Australia for a two year extension of the contract for the subsea vessel Havila Harmony. The extension will keep the vessel on contract until March 2014, with two optional periods of one year until March 2016. A contract is entered into
Reservoir Exploration Technology ASA (RXT) in November 2011 entered into LOI for 4D/4C seismic data in West Africa. Today the company confimed receiving a final contract award from Hess Equatorial Guinea, Inc. for an Ocean Bottom Cable survey on the Elon Field area of the Okume Field off the coast o
On 7th January, approximately 12 months since building was commenced, Rosetti Marino, delivered the new Platform Supply Vessel “F.D. Remarkable” to Fratelli D’Amato. It is the 7th vessel of a 10-unit series – Rolls Royce UT 755 XL design, commissioned by the Neapolitan Owner to the Italian Shipyard.
