Nido Petroleum Limited , on behalf of the SC 54B Joint Venture, provides the following update on the Gindara-1 well. Since the last update, the Gindara-1 well has been drilled from 3,530 metres MD (3,508 metres TVDss) to the revised Total Depth (TD) of 3,660 metres MD (3,638 metres TVDss) in the pri
Magellan Petroleum Corporation provides an update on the Evans Shoal transaction. The conditions to completion of the Evans Shoal transaction were not satisfied by May 31st. Magellan and Santos have acknowledged that the Evans Shoal transaction will now not close. The Company has commenced discussio
Ophir Energy plc (Ophir) announced that it has entered into an agreement with a subsidiary of Petróleo Brasileiro S.A. (Petrobras) over Ophir’s interests in Production Sharing Contracts (PSCs) covering the Mbeli and Ntsina Blocks offshore Gabon. Subject to securing consent from the relevant Gabonese
Maersk Oil, a fully-owned subsidiary of the A. P. Moller – Maersk Group, has approved its investment of $1 billion in the Field Development Plan for the Golden Eagle Area in the UK North Sea. Maersk Oil has a non-operated interest in the fields of 31.56% and its estimated share of reserves is expect
Havyard Ship Technology Leirvik`s newbuild 101 Havila Subsea, a Havyard 855 IMR design, was named in a ceremony in Stavanger, Norway . After the naming ceremony Havila Subsea will be operating on a long-term contract between Havila Shipping ASA and Subsea 7. The vessel is a subsea vessel performing
In the week beginning 30 May, the PSA audited the working environment on board the drilling facility Maersk Reacher. Objective The purpose of the audit activity was to verify that the company’s management systems and technical conditions on the facility had been established and safeguarded in accord
Petróleo Brasileiro S.A. (Petrobras), a world leader in deep-water and ultra-deep water oil production, has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scop
Aker Solutions won a contract from Daewoo Shipbuilding & Marine Equipment to supply a complete drilling equipment package for a new deepwater drill ship. The contract is worth about NOK 540 million. The drill ship will be owned and operated by Tungsten Explorer Company, a subsidiary of Vantage Drill
Bourbon Oceanteam 104 multi purpose support vessel will Friday June 17th change name into “Southern Ocean.” SALT/ TS Marine have the vessel on a bareboat contract from the owner company OB 4 AS and has appointed Bourbon Offshore Norway as ship manager. The decision of name change was taken upon star
The Board of Directors of Ezion Holdings Limited (the “Company” or “Group”)announced that its joint venture company, “Atlantic Labrador Pte Ltd” (“Atlantic”) has secured a charter contract with a value of up to USD 73.0 million over a 4 year period to provide a North Sea Class accommodation jack-up
Teekay Corporation today announced that Mr. Bill Berry has accepted an invitation to join Teekay’s Board of Directors, effective immediately. Mr. Berry replaces Mr. J. Rod Clark who has announced his retirement from the Teekay Board after serving as a Director since 2006. Mr. Berry brings considerab
ConocoPhillips today announced it has signed a Production Sharing Contract (PSC) with the Government of Bangladesh and Petrobangla covering two blocks in the deepwater area of the Bay of Bengal, representing ConocoPhillips’ first investment in the People’s Republic of Bangladesh. ConocoPhillips hold
Rolls-Royce, the global power systems company, today announced orders worth over £100 million to supply propulsion systems for offshore construction and drilling vessels. The ships will be built at shipyards in Asia for a range of ship owners including Seadrill, Pacific Drilling, Noble, Ocean Rig an
The Directors to Kvaerner’s Board have been elected. From Kvaerner’s first day of trading on the Oslo Stock Exchange in July 2011, the Board of Directors will consist of five shareholder-elected members as well as three members elected by Kvaerner’s employees. The shareholder-elected members are Kje
