Petronas and Shell Malaysia today signed two new production sharing contracts (PSCs) for enhanced oil recovery (EOR) projects offshore Sarawak and Sabah. The contracts build upon two existing PSCs for fields in the Baram Delta Operations area and North Sabah, where oil has been produced for decades
The PSA has granted Statoil consent to use Aker Barents for plugging well 7222/11-1 in the Barents Sea. The objective of the operation is to permanently plug exploration well 7222/11-1. The well was temporarily plugged in 2008. The planned activity entails removing the trawler protection from the we
Olympic Shipping announced that the naming ceremony of their new vessel Olympic Commander was held on Saturday in Alesund, Norway After the ceremony the vessel was open to the public and several hundred used the opportunity to take a look inside. Olympic Commander is a MT6015 design, and the first o
Global marine technology developer Kongsberg Maritime will lead a new research project called ‘Situation Awareness and Decision Support Tools for demanding marine operations’ (SITAWARE), which begins on February 2nd 2012. Part-funded by the Norwegian Research Council and undertaken in collaboratio
Octanex N.L. announced today that the Rissa 3D seismic survey, located within the WA-422-P permit, has been completed. The Rissa survey is the first of three new 3D seismic surveys currently being acquired in the Company’s Southern Bonaparte Basin permits. The 3D seismic surveys are being acquired w
Jacka Resources Limited has closed the transaction with Providence Resources Pic (“Providence”) for the acquisition of a direct equity interest in the OML 113 licence offshore Nigeria, which includes the Aje oil and gas field. Jacka has made the required US$10 million payment (including deposit of U
Reuters today quoted Samsung Heavy Industries as saying that it had entered into an agreement with Inpex to construct an offshore gas processing facility in Australia for USD 2.26 billion. The construction is expected to begin in 2013 said the South Korean shipyard, according to Reuters. Delivery of
Rialto Energy Limited has reached in principle agreement with the International Finance Corporation (IFC), for a proposed investment of approximately US$20 million, via a non‐brokered private placement. The funding will be used to support the Company’s impending drilling operations in Block CI‐202,
Neon Energy Limited, an emerging petroleum exploration and production company listed on the Australian Securities Exchange has accepted a binding offer from a third party to farmin to Block 120 and Block 105-110/04, offshore Vietnam. Due to confidentiality obligations Neon said it was not in a posit
Lundin Petroleum Norway, as operator for PL501, has completed the appraisal well, 16/5-2S located approximately 8.5 km south of the Avaldsnes discovery well 16/2-6, and 4 km south of the appraisal well 16/2-7. The objective of the 16/5-2S well was to delineate the southern flank of the Avaldsnes dis
DEO Petroleum plc, the oil and gas development and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, announces that the amalgamation agreement to combine the Licence P218 Block 15/21a Gamma Sub Area (“Gamma”) and Block 15/21g (“Spaniards”) areas has been finali
India’s largest private sector shipping company , Great Eastern Shipping Company Ltd has informed BSE that it has cancelled the shipbuilding contract for a Multipurpose Support Vessel with Mazagon Dock Ltd, Mumbai (Yard No. 26775). The said cancellation is disputed by the Yard. With this cancellatio
Shell announced on its website that the Environmental Appeals Board (EAB) denied all petitions for review of Shell’s Noble Discoverer OCS air permits. As a result, Shell has, for the first time, usable air permits that will allow the Noble Discoverer to work in the Alaska OCS beginning in 2012. “Ach
On Wednesday afternoon, Statoil temporarily shut down production at its LNG plant at Melkøya outside Hammerfest following rupture of a fire water line. The fire water unit is part of the plant’s safety system, and Statoil implemented a controlled production shut down. A water leakage at the rupture
