IKM Group have entered into an agreement to acquire a majority shareholding in Cleandrill AS, which will be re-named IKM Cleandrill. Bergen based Cleandrill is a subsea technology business, specialising in collection, management and transfer of drilling fluids and cuttings. This acquisition forms pa
Swiss-based Foster Wheeler AG has been awarded an engineering, procurement and construction management contract by BP Exploration Operating Company Limited for BP Exploration’s Enhanced Gas Separation Project (EGSP) in Scotland. The Foster Wheeler contract value for the project was not disclosed. In
As presented at Nexus Energy Limited’s (Nexus) Annual General Meeting (AGM) on 17 November 2011, the commercialisation of the Crux asset to maximise shareholder value remains the company’s prime focus, said Nexus in a press release. Since the AGM, there has been substantial progress on the various c
Petrobras International Director, Jorge Luiz Zelada, on Tuesday (20th), at the Petrobras main office in Rio de Janeiro that production of Cascade and Chinook, in the Gulf of Mexico is scheduled to begin in January. The Cascade and Chinook fields are located in the Walker Ridge area of the Gulf of Me
Shell Nigeria Exploration and Production Company has confirmed it is responding to an oil leak at the 200,000 barrel-per-day capacity Bonga deepwater facility, approximately 120 kilometres off the Nigeria coast. The leak occurred yesterday (Tuesday December 20) during a routine operation to transfer
On December 9, 2011, LLOG Exploration initiated production from the Who Dat development in Mississippi Canyon 503/504/547 in the U.S. Gulf of Mexivo. LLOG is ramping up production and expects to achieve a rate of 20 MBOPD and 22 MMCFD from the three existing wells. The development plan for the field
Buccaneer Energy Limited has executed a Repair Contract with Keppel FELS Shipyard in Singapore for the repair and modification of the jack-up rig, Endeavour. The rig was recently acquired from Transocean Offshore Resources Limited for the total purchase price of US$68.5 million. The Endeavour is cur
Det norske oljeselskap ASA announced today a fully underwritten, 500 million dollar revolving corporate credit facility*. The facility contains an uncommitted increase feature (accordion) which, if fully utilized, would increase the facility amount by up to a maximum amount of 100 million dollar. Th
Wood Group Kenny has been awarded a contract to carry out the front end engineering and design (FEED) for the subsea development of Equus, Hess Exploration Australia’s first deepwater gas project in offshore Western Australia. The Equus project development consists of natural gas and condensate gas
The first of three new 3D seismic surveys has commenced, with the survey vessel now on location and acquiring the Rissa 3D survey in WA-422-P, Octanex N.L. announced on its website. These new 3D surveys are to be acquired within three of the Company’s eight Southern Bonaparte Basin permits. The Comp
Coastal Energy Company, an independent exploration and production company with assets in Thailand, announces the successful results of the Bua Ban North B-09 offshore well. The Bua Ban North B-09 was drilled as an appraisal well between the southernmost Bua Ban North B-04 well and the Bua Ban North
On October 6 Awilco Drilling PLC signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilPhoenix for work related to their 2012 abandonment program on the Fife and Fergus fields. Yesterday, Awilco confirmed that the contract is signed and is due to commence late Q1 2012. The contrac
UK based oilfield services company Expro has signed a frame agreement for the further advancement of its ground-breaking AX-S™ subsea well intervention technology. Total E&P UK Ltd, the Aberdeen- based subsidiary of the Total Group, has signed a long- term frame agreement with Expro. The signing of
Eni, Italian oil company, has been present in Angola since 1980. Yesterday, Eni and Sonangol E.P. signed in Luanda a Production Sharing Contract (PSC) for the exploration of Block 35, which is situated in deepwater offshore Angola, 150km off the coast of the capital Luanda. The Block covers approxim
