Brazil’s oil company Petrobras has confirmed the news published by the press claiming that the company’s CEO Mr. José Sérgio Gabrielli de Azevedo will step down from its current position. The company’ Board of Directors president, Guido Mantega, already informed that the current Gas & Energy Directo
Chevron Nigeria Ltd. (CNL) is finalizing plans to commence drilling a relief well to control the Funiwa Deep 1A well, a natural gas exploration well in shallow water offshore Nigeria. The fire is still burning at the well site. No rig structure can be seen above the water. Based on the condition of
CTC Marine Projects, Ltd. (“CTC” or the Company), part of DeepOcean Group Holding AS, has announced the completion of its trenching work for the Kipper Tuna Turrum Project in the KTT Field located 45 kilometres offshore Victoria, Australia. The work was undertaken on contract for McDermott Industrie
As stated earlier in January, SBM Offshore is facing increased challenges with the hook up and commissioning of the Yme platform. “Continuing intransigence and unreasonable client demands, which are being aggressively resisted, are contributing significantly to the very low productivity and increase
Hyperdynamics Corporation today announced the Sabu-1 exploration well offshore Republic of Guinea was drilled to a total subsea depth of 2,224 meters, putting the well near the top of Cretaceous age sediments, and that the next string of 13-3/8 inch casing was successfully set. Following retesting o
OSX was awarded the Americas Oil & Gas Deal of the Year, at the Project Finance International Awards for raising an US$ 850 million loan for the construction and implementation of the FPSO OSX-2. The financing agreement was concluded with a group of international banks in October 2011. The event wil
Drilling solutions provider AGR has successfully completed its first Brazilian operation using their EC-Drill™ technology. This EC-Drill™ solution is based on the well-proven RMR System that has been modified for use on Petrobras jack up wells. AGR’s Managed Pressure Drilling system was used on two
The Norwegian Petroleum Directorate (NPD) has entered into contracts with Petroleum Geo-Services (PGS) and Dolphin Geophysical for the acquisition of seismic data. The contracts have a total value of NOK 170 million (USD 28.6 million) . The vessels M/V Nordic Explorer (PGS) and yyy (Dolphin Geophysi
Wärtsilä, the marine industry’s leading solutions provider, has been contracted to supply the power and positioning system for two new drilling rigs ordered by Songa Offshore AS, the Norwegian arm of the Cyprus-based offshore drilling company. These so called cat D semi-submersible rigs are tailor d
Seajacks Kraken, a self-propelled jack-up vessel owned and operated by Seajacks, has been contracted by NAM (Nederlandse Aardoliemaatschappij BV) and Shell UK Limited to work on one of the largest well repair and maintenance campaigns in the Southern North Sea. The program is scheduled to last for t
Western Australian (WA) ship builder Strategic Marine has finished work on a state-of-the-art 27 metre work barge which will be delivered to the Port of Dampier to service the burgeoning resources sector. The barge named ‘Alamo’ has been built for Karratha business Offshore Plant Hire and will be ch
Ithaca Energy Inc., a North Sea oil and gas exploration, development and production company with offices in Calgary, Canada and Aberdeen, Scotland notes the recent movement in the Company’s share price on the Toronto Stock Exchange and confirms that it has received a confidential, non-binding propos
The Gazprom headquarters hosted last week a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell. The parties tackled the issues of bilateral cooperation as part of the Sakhalin II project. They also addre
Lundin Petroleum, a Swedish independent oil and gas exploration and production company says that its net working interest production forecast for 2012 is between 32,000 and 38,000 barrels of oil equivalent per day (boepd). The company’s production for 2011 is forecast at approximately 33,200 boepd w
