Polarcus Limited announced today that the Company is upgrading POLARCUS SAMUR from the current 6 streamer arrangement to an 8 streamer configuration. The upgrade will enable the Company to take advantage of the evolving seismic market environment and provide the flexibility to tender the vessel on a
The following operational update concerns Cairn’s exploration drilling campaign offshore Greenland. Alpha-1S1 The multiple-objective Alpha-1S1 well has reached an intermediate depth of 4,358 metres (m) in volcanic sections. Following the conducting of extensive logging operations the well is now bei
Det norske oljeselskap ASA has signed a contract with Aker Drilling for the charter of the rig Aker Barents for the period from July 2012 to July 2014. Det norske’s current rig contracts expire in 2012. The charter for Aker Barents ensures that Det norske will have rig capacity for operations in dee
BP announced today its intent to join the proposed Marine Well Containment Company (MWCC) and to make its underwater well containment equipment available to all oil and gas companies operating in the Gulf of Mexico. This and other equipment will preserve existing capability for use by the oil and ga
OGX Petróleo e Gás Participações S.A. (“OGX”) (Bovespa: OGXP3, OTC:OGXPY), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced that it has identified the presence of hydrocarbon in the Maastrichtian section of well 1‐OGX‐20‐RJS, located i
If exploration drilling fails to prove oil or gas, or if the proven petroleum volumes are too small to warrant profitable development, then the main rule is that the area shall be relinquished to the authorities. Relinquishment takes place at the end of the initial period (the exploration period), o
Chevron Corporation announced that its Turkish subsidiary has signed a Joint Operation Agreement with Turkey’s state oil company for an exploration license in the Black Sea. “This agreement represents a significant exploration entry into a highly prospective new basin,” said George Kirkland, vice ch
Gulf Island Fabrication, Inc. announced , that through its subsidiary Gulf Marine Fabricators, L.P., it received a Letter of Authorization to enter into a Contract for the fabrication and integration of the topsides of a major deep-water Gulf of Mexico project. The signing of the Contract is conting
Artumas Group Inc. announced that it has completed the process of changing its name to Wentworth Resources Limited. The Annual General and Special Meeting was held on September 17, 2010, at which time a motion was tabled and seconded to approve, by special resolution, the changing the name of the Co
US based Global Industries is about to take delivery of the first of two deep-water derrick pipelay vessels from Keppel Singmarine, Singapore. The vessels are designed by Ulstein Sea of Solutions in The Netherlands. The first newbuild, the Global 1200, was named on 18 September. The vessel is in its
McMoRan Exploration Co. announced an agreement to acquire Plains Exploration & Production Company’s shallow water Gulf of Mexico (GOM) shelf assets for a combination of stock and cash. Under the terms of the transaction, McMoRan will issue 51 million shares of McMoRan common stock and $75 million in
Dominion announced that the ca. 1,000 km sq 3D seismic survey has commenced on Block 7, deep-water Tanzania. The survey has been specifically designed to support amplitude variations with offset (“AVO”) studies all the way down to the deepest objectives (Cretaceous/Jurassic Channel/Fan) and should t
Demand for natural gas is growing in all the major European, American and Asian consumer regions, and the market forward curves show rising prices in coming years. This was a key message at a press seminar in Oslo today, where Rune Bjørnson (Photo), executive vice president for Statoil’s Natural Gas
Aberdeenshire-based ThinJack is celebrating record quarter year turnover thanks to increasing global demand for its bespoke services. Between April and June this year, ThinJack delivered sales of over £300,000 compared with just over £100,000 for the same quarter in 2009. The Westhill business is ra
