Maersk Oil ,a Danish oil and gas company owned by the A. P. Moller-Maersk Group,made a profit of USD 512m (USD 450m in 2010) and a ROIC of 44.1% (35.2%), positively affected by a 38% higher average oil price at USD 105 per barrel, partly offset by tax rate increase in the UK. The […]
Tap Oil Limited (“Tap”) provides the following update on the Finucane South-1A exploration well, offshore Carnarvon Basin, Western Australia. Location/Proposed Depth The Finucane South-1 and 1A wells are located in permit WA-191-P, in the northern end of the Carnarvon Basin. The well location is lat
The Nord Stream Pipeline takes another important step towards its target of starting to deliver gas directly from Russia to the European Union by the end of 2011. Preparations for welding together two of the three sections of the 1,224 kilometre pipeline through the Baltic Sea have now started. They
In April Cargotec secured an order to supply two active heave-compensated (AHC) cranes for Volstad Maritime’s large offshore construction vessel (OCV) on order at Bergen Group Fosen shipyard in Norway (hull 89), which is scheduled for delivery in the second quarter of 2012. The contract comprises a
Octanex N.L. has been advised by Eni Australia Limited, the Operator of the Galahad-1 well located in the outer Exmouth Plateau permit, WA-363-P, that at 07:00 hours WST (Western Standard Time) on Wednesday, 11 May 2011, the well was at a depth of 2380m MDRT (measured depth below rotary table) and c
Otto Energy Ltd pleased to announced today that BHP Billiton has exercised the option to farm-in to Service Contract 55 (SC55). Subject to joint venture and regulatory approval, BHP Billiton will earn up to 60% participating interest and assume operatorship of the block by reimbursing Otto’s past co
Professors Olav Bolland (Right) and Hallvard Svendsen (Left) have won Statoil’s 2011 research prize for their work on enhancing carbon capture understanding and processes for reducing emissions. The prize of NOK 200,000 and an artwork by Roar Wold was awarded by Tor Ulleberg, vice president Oil and
Hardy Oil and Gas plc , the oil and gas exploration and production company focused in India, is announces the commencement of drilling of the third exploration well on the D9 exploration licence. The exploration well KG-D9-A2 commenced drilling on 10 May 2011 using the Transocean drillship Dhirubhai
VERIPOS has extended its Asia Pacific operations with the opening of a branch office in Australia, in April. The facility is based in Perth and will provide sales and support for both Australia and New Zealand. Bernard He has been appointed as VERIPOS Country Manager – Australia. With the establishm
Maersk Oil’s Gryphon Floating Production Storage and Offloading (FPSO) vessel will soon be docked in Rotterdam for repairs after suffering damage during a storm in the UK North Sea in February. The FPSO had been producing from the Gryphon, Maclure and Tullich fields. Storm weather caused some of its
Bahamas Petroleum, the oil and gas exploration company with offshore licence permits in The Commonwealth of The Bahamas, announces that it has finalised an agreement with CGGVeritas (the “Agreement”) to undertake a 3D seismic survey over the Company’s southern licence areas, starting in May 2011. Th
Idemitsu Petroleum Norge AS has received consent to conduct exploration drilling of well 35/7-1S in the northern part of the North Sea using the mobile facility Aker Barents. The well will be drilled in production licence 377S, approx. 100 kilometres west of Florø. The well has the following coordin
BP today announced it has received final approval to complete the purchase of ten exploration and production blocks in Brazil from Devon Energy. The regulatory approvals from the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) were the last required to conclude the agreement anno
Vantage Drilling Company yesterday announced that it has entered into an agreement with Daewoo Shipbuilding and Marine Engineering Co., Ltd (“DSME”) to construct an ultra-deepwater drillship further expanding the Company’s ultra-deepwater drilling fleet. The Company plans to name the drillship Tungs
