Buccaneer Energy Limited announced that it has incorporated a wholly owned subsidiary Buccaneer Alaska Drilling, LLC (“Buccaneer Drilling”). Subsequently, Buccaneer Drilling incorporated a wholly owned subsidiary Kenai Offshore Ventures, LLC (“Kenai Offshore”). It is the intention that Buccaneer Dri
IHC Hytop, part of IHC Merwede, has announced that its riser pull-in package has successfully pulled in the first three risers on a MODEC FPSO (Floating Production Storage and Offloading) vessel. The FPSO vessel is currently deployed off the coast of Brazil by MODEC and operated by the contractor on
The partners in the Norwegian Sea Åsgard licence have made an investment decision to develop the Smørbukk North-East field as a satellite to the Åsgard B platform(photo). Production is expected to start in December 2011. Recoverable reserves of oil, gas and condensate on Smørbukk North-East are esti
Schlumberger yesterday inaugurated a new research and geoengineering center in Rio de Janeiro, Brazil. The Brazil Research and Geoengineering Center is designed to promote the integration of geosciences and engineering to improve hydrocarbon production and recovery from the complex deepwater reservo
EnQuest, an independent oil & gas production and development company focused on the UK Continental Shelf, Announces Interim Management Statement HIGHLIGHTS * Affirming full year production guidance of 20,000 boepd * First well in Thistle in 20 years drilled and on production * Completed acquisition
Norwegian Energy Company ASA (Noreco)announced that the Field Development Plan for the Huntington field has been approved by the Department for Energy and Climate Change (DECC). Huntington will be developed using the FPSO Sevan Voyageur, and as previously announced the leasing contract for this unit
Farstad Shipping ASA has, through its wholly owned subsidiaries in Singapore, Scotland and Norway reached an agreement with STX OSV to build 4 platform supply vessels (PSV). There is an option for building of additional 3 vessels. The newbuilds are part of Farstad’s fleet renewal and represent an in
MEO Australia Limited advises that as at 06:00 hours (Perth time) on Wednesday 17th November, the Songa Venus semi-submersible drilling rig had been towed a distance of 181.7 nautical miles or 28.1% of the 646.7 nautical mile journey to the Artemis-1 location. Assuming the average speed achieved on
CB&I announced that CB&I Lummus has been awarded a contract for the front-end engineering & design (FEED) services for the Shtokman LNG storage and loading facility at the sea port in Terriberka in the Murmansk region of the Russian Federation. The sea port is part of the Shtokman Gas-Condensate Fie
Transocean Ltd. issued a monthly Fleet Update Summary covering only newly signed contracts, significant changes to existing contracts and changes to estimated out of service time of 30 days or more for High-Specification Floaters or 60 days or more for all other rigs since the last quarterly Fleet S
Vantage Drilling Company announces that it has taken delivery of the ultra-deepwater drillship, the Platinum Explorer, from Daewoo Shipbuilding and Marine Engineering Co. Ltd. in South Korea. The vessel has set sail from the shipyard in transit to India to commence a five year contract with Oil & Na
Premier’s 2010 Preliminary Results will be announced on Thursday 24th March 2011. A Trading and Operations Update is planned for Thursday 13th January 2011. HIGHLIGHTS * 2010 production guidance maintained at around 44 kboepd (2009: 44kboepd); we reiterate our targets of 75 kboepd in 2012 rising the
The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6305/4-2 S, cf. Section 8 of the Resource Management Regulations. Well 6305/4-2 S will be drilled from the West Navigator(photo) drilling facility at position 63°38’ 14.97” north and 5°17’ 54.15” east, after
Rem Offshore ASA has 9 modern vessels in operation. In addition the company has 5 vessels under construction. Rem Offshore ASA had operating revenues of NOK 138.9m in Q3 2010 (NOK 104.5m in Q3 2009). Operating profit before depreciation (EBITDA) in Q3 was NOK 83.7m (NOK 56.5m). Profit after tax in Q
