Repsol has agreed to sell a 3.83% stake of YPF to Lazard Asset Management and other investment funds for $639 million. Both transactions have been agreed at a price of $42.4 per share. Lazard Asset Management will acquire for $484 million a total of 2.9% of YPF for a number of its clients*, while [&
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 24:00 hours WST (Western Standard Time) on Sunday, 13 March 2011, the well was at a depth of 3,208m MDRT and drilling ahead in the 121/4″ hole. Sin
Awilco Drilling Limited has signed a contract with Nautical Petroleum plc for 1 firm well and 1 optional well for WilHunter. The contract represents the first well in the SPD multi well multi client 2011 drilling programme. The contract value for the firm part is approximately USD 5 million. Drillin
Gas flow from the offshore South Pars gas field phase 12 will reach onshore installations up to the end of next Iranian calendar year (ending on March 20 2012), Rasoul Falahnejad who is in charge of the phase 12 development announced here. He named the year 1390 as an exceptional year in view of [&h
Brunei Shell Petroleum (BSP) announced today a significant new oil discovery in the coastal waters of the south-east Asian sultanate. The discovery, named Geronggong, is situated in the 3rd Offshore Acreage Area, approximately 100km offshore where water depth is approximately 1000m, the deepest wate
Providence Resources P.l.c. (“Providence”), the Irish oil and gas exploration and production company, whose shares are listed in London … [mappress] Source: euroinvestor, March 14, 2011;
Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire a business in the offshore oil and gas industry in Brazil from a subsidiary of Veyance Technologies Inc. The business focuses on specially designed oil hoses for surface and deep-sea applications f
Det norske oljeselskap ASA has agreed to divest 10 percent in PL 522, blocks 6604/2, 3, 4, 5 & 6, to Centrica Resources Norge AS. Det norske is reducing its interest from 20 percent to 10 percent. This Norwegian Sea license is operated by BG and includes the Gullris prospect located at 1300 meters [
ATWOOD OCEANICS, INC., a Houston-based international drilling contractor (the “Company” or “Atwood”), announced that Mr. George S. Dotson was appointed non-executive Chairman of the Board of Directors effective March 10, 2011. He has served as a member of the Board of Directors of the Company since
Scheldepoort Repair & Conversion Yard in the Netherlands secured a major contract for the conversion of the “M/V Agile” into a high-tech flexible Pipe Lay Support Vessel (PLSV). The Owner and operator of the vessel McDermott Inc is a well known company in the world-wide offshore industry. The conver
Sercel has been awarded a contract by Dolphin Geophysical for the purchase of Nautilus® and Sentinel® systems to equip its first high-capacity 3D seismic vessel, Polar Duke. The three-in-one Nautilus device offers acoustic positioning, depth control and automatic steering in a single unit. The Senti
Ministry of petroleum and energy has 11 March 2011 announced the APA 2011, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea. Application deadline The application deadline for APA 2011 is 12:00 hrs on Wednesday 14. September 2011. Awards are planned
Reference is made to the notice of 12 December 2010 regarding Larry Wagner’s resignation as CEO of Reservoir Exploration Technology ASA (“RXT”) and the information that Stein Hedemark would act as CEO of the company until the board had been able to identify Larry Wagner’s successor. The board announ
A worldwide authority on the offshore industry will be one of the speakers at a key event for oil and gas production vessels in Singapore next week (March 15-16, 2011) David Galbraith, chief technology officer at Aberdeen-based Sigma Offshore, will give a presentation at the third annual Asia-Pacifi
