Spring Energy announces a farm-in transaction of a 20% working interest in PL 490 from Norwegian Energy Company ASA. The PL 490 license is located immediately to the West/North West of the producing Snøhvit Field in the Barents Sea, and a firm well on the combined Juksa / Snurrevad prospects is sche
Petrobras’ CFO and Investor Relations officer, Almir Guilherme Barbassa, took part in the “Oil, Gas & Petrochemicals” panel in an event organized for investors in Rio de Janeiro this Monday, May 30. During Rio Investors Day, Mr. Barbassa talked about issues of public interest, such as the approval o
Tap Oil Limited (“Tap”) provides the following update on the Finucane South-1A exploration well, offshore Carnarvon Basin, Western Australia. Logs have confirmed the well is a new field oil discovery encountering some 18.5m of excellent quality net oil pay in the Late Jurassic Angel Formation. The i
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company,provides the following update on the 14/10-5 appraisal well: • Significant reservoir package and hydrocarbon column encountered • Wireline log analysis indicates 93.5m (306 feet) net pay in good quality reservoir • Aver
Santos announced in March 2010 that it had agreed to sell its 40% working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin to Magellan Petroleum Australia Limited. Santos today announced that the sale transaction will not complete because the conditions to completion have not been satisfied
Iran plans to invest $150 billion in its upstream oil and gas sector during the Fifth Five Year Development Plan, deputy minister of petroleum for planning and supervision on hydrocarbon resources, Mohsen Khojastemehr announced here. The investment in the upstream oil and gas sector will bring $179
InterMoor, an Acteon company, has been awarded a contract for the installation of the drilling and production conductors for the Papa Terra project, that has Petrobras as Operator and Chevron as Non-Operator, announced InterMoor President Tom Fulton. InterMoor is going to be responsible for the desi
Hyundai Heavy Industries, the world’s biggest shipbuilder, said today it clinched a USD 1.12 billion order to build two drillships for drilling contractor Rowan Companies Inc. on May 31. This contract also includes an option exercisable by Rowan to order an additional same class drillship. The vesse
Apache Corporation today announced the following promotions and appointments to its management team: * Jon Jeppesen has been promoted to the new role of executive vice president overseeing the operations of the Gulf of Mexico Shelf, Deepwater and Gulf Coast Onshore regions. * Jon Graham has been nam
SNC-Lavalin announce that it has been selected to perform the front end engineering and design (FEED) for Petróleos de Venezuela, S.A.’s (PDVSA) Rio Caribe-Mejillones gas-condensate development offshore Venezuela. This award follows SNC-Lavalin’s successful completion of the concept screening phase
The Board of Directors of Otto Marine Limited (the “Company”) refers to (a) its earlier announcement dated 23 December 2010 in relation to the filing of a notice of arbitration by its wholly-owned subsidiary, Otto Offshore Limited (“Otto Offshore”) on certain Mosvold related entities, and (b) the su
Ensco announced the completion of its acquisition of Pride International, Inc. after both companies received overwhelming shareholder approvals at special meetings held earlier today. The combination establishes Ensco as the world’s second largest offshore drilling company, Ensco said. Under the ter
Foster Wheeler AG announced today that the UK subsidiary of its Global Engineering and Construction Group has been awarded, for the fourth year running, the prestigious Order of Distinction Award for Occupational Health and Safety by the UK’s Royal Society for the Prevention of Accidents (RoSPA), an
Noble Energy, Inc. announced today a discovery at the Santiago exploration prospect in the deepwater Gulf of Mexico. The well, located in 6,500 feet of water on Mississippi Canyon Block 519, was drilled to a total depth of approximately 18,920 feet. Open-hole logging identified approximately 60 feet
