The Apache-operated Van Gogh Field is currently shut-in for planned maintenance. Van Gogh development is in Production License WA-35-L in the Exmouth Basin, offshore Western Australia. Van Gogh is Apache’s first field development utilizing a floating production, storage and offloading (FPSO) vessel.
Northern Offshore, Ltd. reported that the company received notice from Vietgazprom that they will not proceed with the fifth and final well of the five-well drilling program offshore Vietnam. The drillship Energy Searcher, upon completion of the fourth well, was at a standby location awaiting the ap
TTS Energy AS, which is part of TTS Group ASA, has signed a contract with DSIC Offshore in Dalian, China for two Drilling Equipment Packages. The contract, which is subject to financing, has a value of approximately USD 76 million. The Drilling Equipment Packages will be installed on two new high sp
Aker Solutions has won two contracts for the supply of mooring and loading systems in Brazil. The contracts have a combined value of approximately NOK 210 million(USD35 Million. “The contracts are strategically important for Aker Solutions based on the potential for future business in Brazil. Aker S
Aker Midsund, a wholly-owned subsidiary of Aker Solutions, has signed a contract to deliver four separator and scrubber packages to Hyundai Heavy Industries for the Goliat FPSO. The project has a contract value of NOK 120 million (Approximately USD $20 Million). Separately, Aker Midsund has entered
Total announces that it has signed an agreement with the national oil company Petronas to acquire a 85% interest in the Block SK317B, offshore Malaysia. Under the terms of the agreement, Total will operate the Block alongside its partner Petronas Carigali holding the remaining 15% interest. The Bloc
Atwood Oceanics, Inc. , Houston-based international drilling contractor, announced today that the Company earned net income of $64,229,000 or $0.99 per diluted share, on revenues of $160,613,000 for the quarter ended September 30, 2010 compared to net income of $48,284,000 or $0.75 per diluted share
Floatel International Ltd. announces that it has successfully completed the Initial Public Offering (the Offering) of NOK 290.5 million (approx. USD 49 million) and resolved to allocate and issue 21,000,000 shares, each with a par value USD 0.02. The Offering comprised an institutional offering, in
The Board of Directors of Kencana Petroleum Berhad announces that the Company has on 18 November 2010 acquired the entire issued and paid-up share capital of Finest Glory Sdn. Bhd. (“FGSB”) comprising 2 ordinary shares of RM1.00 each at a total cash consideration of RM2.00, making it a wholly-owned
Today, 19 November, the Petroleum Safety Authority Norway presented its report of the investigation into the drilling and well operations on the Gullfaks field. “The non-conformances revealed and measures proposed in the Petroleum Safety Authority (PSA) report are mainly consistent with the findings
Jim Noe, Executive Director of the Shallow Water Energy Security Coalition, issued the following statement on Senator Mary Landrieu’s decision to lift her hold on the nomination of Office of Management and Budget (OMB) Director Jacob Lew. “We applaud Senator Landrieu for her steadfast support. Her f
Framo Engineering AS and Total E&P Angola have recently signed a contract to supply a subsea Pumping System for the CLOV Development Project, located in the deepwater Block 17 offshore Angola. The contract between Total and Framo represents one of four main contracts placed by Total for this Project
Faroe Petroleum, the independent oil and gas company focusing principally on exploration and production opportunities in the Atlantic Margin, the North Sea and Norway,announces that it has conditionally raised £62.2 million (approximately USD $100 million) through a Placing of 37,718,024 new Ordinar
Polarcus, a leading provider of marine geophysical services, is building two seismic vessels of the new generation type SX134 at the Ulstein Verft shipyard. ULSTEIN has designed and built a number of state-of-the-art seismic vessels the past few years, and the contracts attest to the company’s leadi
