CNOOC Limited said today that its parent company, China National Offshore Oil Corporation (“CNOOC”), has reached an agreement with China’s Ministry of Agriculture and ConocoPhillips China Inc. (“COPC”) to resolve fishery compensation issues for Peng Lai 19-3 oil spill incident. Under this agreement,
On 8 December 2011, the Petroleum Safety Authority Norway (PSA) conducted an audit of BG Norge’s (BG) management of the Knarr field development. The objective of the audit was to inspect the company’s compliance with health, safety and environment requirements in connection with the Knarr field deve
Baker Hughes Incorporated BHI -3.02% today announced adjusted net income (a non-GAAP measure) for the fourth quarter 2011 of $534 million, or $1.22 per diluted share. This excludes an after-tax charge of $220 million ($0.50 per diluted share) related to the impairment of certain trade names. This co
Dril-Quip, Inc. today announced that Judge Carl J. Barbier, the federal court judge in the Eastern District of Louisiana presiding over the multi-district proceeding In Re: Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico, on April 20, 2010, issued an order on January 20, 2012 gran
Nautronix, a company specializing in Through Water Communication and Positioning Technology for the Offshore Industry, has appointed Alessandra Bunel as Business Development Manager for the Brazilian region. Alessandra will be based full time at Nautronix’ Brazilian office in Rio de Janeiro and will
EnQuest PLC (‘EnQuest’) today announces that it has agreed with Nautical Petroleum plc (‘Nautical’) to acquire a 25% interest in the Kraken oil discovery, together with interests in surrounding exploration acreage. This agreement, by which EnQuest will also become the operator of the proposed develo
Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced that it has signed an agreement with Valiant Petroleum plc to proceed with early installation of subsea facilities for the development of the Fionn Field in the UK Northern North
Yesterday in Krasnaya Polyana Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR) signed in the presence of Russian President Dmitry Medvedev and Azerbaijani President Ilkham Aliev an addendum to the eff
Leading international oilfield services company Expro has recently secured a multi-million pound contract win with global oil and gas company Maersk Oil. The contract involves providing surface well testing, clean-up services and large bore subsea safety systems for Maersk Oil UK’s contracted mobile
Ophir Energy has contracted Ocean Rig’s “Eirik Raude”, a dynamically positioned semi-submersible rig, to drill its Equatorial Guinea exploration campaign. Ophir plans a 60 day programme beginning in April 2012 of three firm wells, plus one contingent well in its operated Block R. The wells are desig
CGX Energy Inc. announced that the 1,160 square kilometre 3D marine seismic survey program offshore Guyana has been completed. The seismic acquisition was performed by the PGS Ramform Challenger, a state-of-the-art seismic ship owned by a subsidiary of Petroleum Geo-Services (PGS). PGS used their du
Nido Petroleum Limited, as Operator of Service Contract 58 (‘SC 58’), on behalf of partner the Philippine National Oil Corporation – Exploration Company (‘PNOC-EC’), is announces the acquisition of new 2D seismic in SC 58. Approximately 1,000 line kilometres of new 2D seismic will be acquired over t
Harris CapRock Communications, a global provider of fully managed communications for remote and harsh environments, has been chosen by Siem Offshore to deliver turnkey Very Small Aperture Terminal (VSAT) communications to five of its supply vessels, located offshore in Brazil. The SeaAccess solution
The Ministry of Petroleum and Energy has received proposals from 37 companies regarding blocks which the companies wish to see included in the 22nd licensing round. A total of 228 blocks and partial blocks have been nominated in the 22nd licensing round, 107 of which were nominated by two or more co
