Buccaneer Energy Limited announces that Houston based Archer Drilling, LLC (“Archer”) has been selected as the preferred operator of the Adriatic XI. This selection comes after a competitive tender process in which Archer demonstrated significant experience and expertise in operating a large number
FPSO OSX-1, the first floating production, storage and offloading unit in OSX’s fleet, arrived today in Rio de Janeiro, successfully completing its journey from Singapore to Brazil. The journey lasted 45 days, as anticipated by the Company. FPSO OSX-1, the first floating production, storage and offl
Fairmount Marine’s tug Fairmount Alpine has delivered the semi submergible drilling rig Ocean Yorktown safely in Brownsville, US, after a 5,400 miles tow from Rio de Janeiro, Brazil. Fairmount Marine was contracted in July by Diamond Offshore, a leading deepwater drilling contractor headquartered in
Dominion announced that it has agreed to farm-out a 20% working interest in Block 7, deepwater Tanzania to a subsidiary of Mubadala Oil & Gas (“Mubadala”). Following the completion of the transaction Dominion will hold an 80% working interest and operatorship in the Block. Under the terms of the agr
Ghana’s total crude oil production from the Jubilee offshore field stood at 16.7 million barrels between January and September, Energy … Reporting by Kwasi Kpodo (Reuters) [mappress] Source:Reuters , October 7, 2011;
Ithaca Energy Inc. reports 2011 third quarter production, as well as changes to production reporting following the acquisition of the Cook field and in anticipation of first production from the Athena field. The Company will present the Athena project in London on October 11 2011; Export Production
A production shutdown at the modest Visund oil field is not expected to last long, Norway’s Statoil said, after it halted output earlier on… Source: Reuters [mappress] Source: Reuters, October 7, 2011;
The number of young people working on Britain’s offshore oil and gas installations is rising, according to statistics released yesterday (7 October) by the industry trade association Oil & Gas UK. The 2011 Workforce Demographics Report shows a rising trend over the past five years in the overall num
Norwegian Energy Company ASA (Noreco) in September 2011 produced 4,017 barrels of oil equivalents (boe) per day. Net realized oil price was USD 106 per boe after adjustments for oil put options, inventory, NGL and gas prices. Production per field (boe): Nini East – 2.537 Nini – 745 Cecilie – 319 Lul
After a series of constructive meetings during the past few weeks, RWE and Gazprom have agreed to continue their talks on a possible joint venture. Alexey Miller, Chairman of the Gazprom Management Committee and Jurgen Grossmann, Chief Executive Officer of RWE AG agreed on this at a working meeting
Dominion announced recently that it has signed the Production Sharing Contract (PSC) for Block L15 in the Lamu Basin, offshore Kenya, giving the Company a 100% working interest and operatorship. The Company previously announced the award of L15 on 1st August 2011 through execution of Heads of Agreem
As a result of geological exploration, Gazprom discovered a new field within the Mynginskaya geological structure in the Kirinsky prospect of the Sakhalin III project. Gas and condensate inflow was reported in the prospecting well during the exploration operations. The well testing will be followed
The government has allocated scarce natural gas to households and cars in Andhra Pradesh, the native state of Oil Minister Jaipal Reddy, … By RAJEEV JAYASWAL & SHREYA JAI (The Economic Times) [mappress] Source: The Economic Times, October 6, 2011;
A person has been reported missing after not showing up for work this morning at the Visund installation. The installation is in the North Sea and is operated by Statoil. A search of the installation started at once. The search has now been extended to the sea. Helicopters and vessels are conducting
