Valiant Petroleum plc (“Valiant”)announces that its wholly owned subsidiary, Valiant Exploration Limited, has reached an agreement to acquire a 30% stake in Block 29/1c containing the Orchid prospect from Summit Petroleum Limited (“Summit”) in return for carrying a share of the cost of the initial e
With effect from 30th of June 2011, the Japanese shipping company Kawasaki Kisen Kaisha, Ltd. (“K” Line Group) will acquire another 50 per cent of the SAL Group and with that will become the sole shareholder of the company. Over the past five years, the two companies have developed a successful part
AMEC, the international engineering and project management company, has been selected by BP Exploration and Production to programe manage their existing portfolio of onshore and offshore projects in the North Sea, estimated to be worth £60 million over the four year contract. As part of the BP-AMEC
Maersk Oil has acquired shares in three production licences in Norway from Marathon Petroleum Norge A/S, a wholly-owned subsidiary of Marathon Oil Corporation , in exchange for Maersk Oil’s financial contribution to the Earb South exploration well. Marathon Petroleum Norge A/S is currently drilling
Ithaca Energy Inc. announces that the Company has entered into an agreement to acquire a 28.46% non-operated interest in the Cook oil field (“Cook”) and a 7.41% non-operated interest in the Maclure oil field (“Maclure”) from Hess Limited (“Hess”) for a consideration of US$74.5 million and the transf
MEO Australia Limited announces an expansion of its technical, commercial and executive management teams with the appointment of Jarrod Dunne, Andrew Leeds and Peter Stickland. Jarrod Dunne, PhD, joins MEO as a Senior Geophysicist, replacing John Moore who has elected to retire from his technical ro
ConocoPhillips has recently awarded Aibel several contracts for modification work at the Ekofisk field. The value of the contracts is approximately NOK 280 million. Aibel is carrying out modifications on several of the platforms at the Ekofisk field in order to hook up a new wellhead platform (2/4-Z
Pride International, Inc. announced that the company has reached agreement with Samsung Heavy Industries, Ltd. to extend Pride’s option for the construction of a sixth ultra-deepwater drillship by 30 days. The extension of the option period does not impact the estimated unit construction cost or del
Electromagnetic Geoservices ASA (EMGS) has entered into an agreement with North Sea Shipping to charter the vessel Atlantic Guardian for six months from 25 April 2011, with optional extensions of up to six months. EMGS will equip the Atlantic Guardian with its custom-designed acquisition set, which
Antrim Energy Inc. (“Antrim”), an international oil and gas exploration and production company, announces that Premier Oil UK Limited (“Premier”) has provided notice that it has elected to drill the East Fyne well under the Joint Venture and Earn-In Agreement with Antrim (the “Agreement”), previousl
Santos today announced that the Zola-1 exploration well in WA-290-P, located in the Carnarvon Basin offshore Western Australia, has intersected over 100 metres of net gas pay sands over a 400 metre gross interval in the primary target, the Mungaroo formation. Wireline logging and pressure testing co
Ophir Energy plc (Ophir), the Africa-focused upstream oil and gas company, announces that a gas discovery has been made in the Chaza-1 exploration well offshore Tanzania. This is the first gas discovery in Block 1 but the third consecutive discovery made in this drilling campaign following on from t
On Friday, April 1, Alaska Industrial Development and Export Authority (AIDEA) Board of Directors unanimously approved a resolution authorizing AIDEA to enter into a Joint Ownership Agreement with Buccaneer Energy Limited and Ezion Holdings Limited, and to expend up to $30 million to fund the acquis
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a deepwater permit for the drilling of an eighth well that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the
