Petrobras announces the discovery of light oil in sandstones reservoirs of the post-salt section of Espírito Santo Basin. This new discovery was the result of the drilling of well 1-BRSA-882-ESS, informally referred to as Indra, and is located in the BM-ES-32 (Block ES-M-594) Exploratory Concession.
Chevron Corporation announced it has sanctioned development of its $4 billion Big Foot project in the deepwater U.S. Gulf of Mexico. “Sanctioning Big Foot underscores our commitment to the Gulf of Mexico and will contribute to future U.S. energy supply,” said George Kirkland, vice chairman, Chevron
The amount refers to newly awarded contracts for activities to be carried out between 2011 and 2014, in the Gulf of Mexico, and in Kazakhstan, alongside other works in the North Sea and Azerbaijan. It also includes increases in the scope of work on existing offshore contracts. In the US sector of th
FMC Technologies, Inc. announced today that it has signed an agreement with Norske Shell for the manufacture and supply of subsea production equipment for the Ormen Lange development project in the North Sea . The award has a value of approximately $95 million in revenue. FMC’s scope of supply inclu
On 15 December Statoil signed an agreement with Marathon to acquire their 20% interest in the Gudrun project, and their 12.5% interest in the Eirin discovery in the Sleipner area. Statoil increases its holding from 55% to 75% in production licences 025 and 187 in the North Sea. The licences cover th
Trico Marine Services, Inc. today announced that it has reached an agreement with the Company’s major constituents concerning the process of selling Trico’s remaining Towing and Supply vessels and any related operating assets, in accordance with previous public statements that the Company is exiting
ABB, the leading power and automation technology group, has won several orders collectively worth $42 million to provide power supply infrastructure and equipment for several floating, production, storage and offloading (FPSO) vessels. The vessels will produce crude oil off the coast of Brazil; they
Hyperdynamics Corporation today announced that it signed a non binding Letter of Intent with a large independent oil and gas company and is in a period of exclusive negotiations until January 27, 2011, unless the parties agree otherwise, for a farmout of a portion of its interest in its concession o
AWE Limited reports that at 1100 hours today, the Silvereye-1 exploration well had reached a total depth of 2,318 metres and was preparing to trip out of the hole. Progress for the week was 1,206 metres. No significant shows were encountered and the well will be plugged and abandoned. Silvereye-1 wa
Eni has successfully drilled the Jangkrik 3 well, located in the Muara Bakau permit area in the offshore Borneo of Indonesia. The three wells drilled to date confirm the Jangkrik field as an important gas discovery hosting a volume of gas in place of more than 1.4 Trilion cubic feet (about 250 milli
Engineering and construction company Clough Limited , today announced that Chevron Australia has entered into a contract valued at approximately A$300 million with the Clough Sea Trucks Joint Venture (CSJV) for the Domestic Gas (DOMGAS) scope of work on the Gorgon Project. CSJV is a joint venture be
Geoforce, Inc., one of the world’s leading providers of asset management solutions for the Oil & Gas industry, announced today the launch of GPS equipment tracking services covering offshore and onshore oil and gas operations in West Africa. Geoforce’s award-winning service combines satellite tracki
BG Group has today confirmed that the eleventh well on the BM-S-11 concession in the Santos Basin, offshore Brazil, was successful. The well, designated as 3-BRSA-865A-RJS (3-RJS-677A) and informally known as Tupi W, was drilled at a water depth of 2 139 metres, approximately 275 kilometres off the
CGGVeritas announcedthat it has signed a term sheet with Petrovietnam Technical Services Corporation (PTSC) to create a 2D/3D marine joint venture to operate 2D and 3D marine seismic vessels, primarily in Vietnamese waters. The joint venture will provide seismic data acquisition services for the oil
