TGS-NOPEC Geophysical Company ASA (TGS) has entered into an agreement to acquire 100% of the shares of Stingray Geophysical Limited (Stingray). The transaction will provide TGS with a strong position in the rapidly growing market for Permanent Reservoir Monitoring (PRM) solutions. The acquisition wi
Octanex N.L. has been advised by Eni Australia Limited, the Operator of the Gawain-1 well located in the outer Exmouth Plateau permit, WA-362-P, that at 06:00 hours WST (Western Standard Time) on Monday, 11 April 2011, the well was at a depth of 3,778m MDRT (measured depth below rotary table) and ru
Tap Oil Limited has agreed to sell its interests in a portfolio of non-core assets in the Carnarvon Basin to companies in the Sydney based and privately owned Hardie Energy Group. As consideration for the assignments, the companies will pay Tap $2,000,000. Further details of the assets and the assig
UAE-based MIS Group (Maritime Industrial Services ), a diversified engineering and contracting group focused on the energy sector, has received a final payment of US$ 17.1 million, following the delivery and acceptance of MENAdrill II (Hull 110) for its client MENAdrill Investment Company (MENAdrill
Last week Statoil started oil production at the large Peregrino field offshore Brazil. Production will gradually ramp up to a plateau of 100,000 barrels of oil equivalent per day. The move makes Statoil an important long-term operator and partner in Brazil’s attractive and growing oil and gas indust
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has signed an agreement with Petoro AS (“Petoro”), to swap its interest in the Maria discovery for inte
Chevron Corporation announced the signing of agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant. George Kirkland, vice chairman, Chevron Corporation, said, “Chevron is pleased to welcome a
Statoil has launched an investigation into the gas leak that occurred at Visund on April 9. The leak occurred in a riser carrying oil and gas from well A21 to the platform. On Friday April 8, Statoil decided to shut down production from the Visund field to carry out inspections on the risers, after
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a deepwater permit for the drilling of a tenth well that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying
Mexico and Brazil should form a strategic partnership in the oil sector, according to former Brazilian President Luiz Inacio Lula da … Source: Latin American Herald Tribune [mappress] Source: LAHT, April 10, 2011;
The Brazilian oil company surveying the seabed off East Cape has temporarily stopped its operations, after protesters swam in the path of… Source: Radio New Zealand [mappress] Source:Radio New Zealand, April 10, 2011;
The gas leak that was reported at the Visund platform this morning was confirmed stopped just before 1pm today. Evacuated personnel will be returned to the platform. The gas leak is believed to have started at a point in a fixed riser carrying oil and gas from well A21 to the Visund platform. A gas
Faced with falling production from KG-D6 fields, the government has asked Reliance Industries to first supply natural gas to priority … Source: PTINews [mappress] Source:PTInews, April 8, 2011;
Water is a dangerous place with unpredictable elements. But with some jobs and activities it is not possible to just stay away from it. To get to offshore installations there is no other choice than to fly over water. So if a risk can’t be avoided it is essential to take every precaution to [&hellip
