Following the catastrophic oil spill in the Gulf of Mexico, it is clear that better provision has to be made for dealing with losses and damage arising in this context. In response, Munich Re has developed a new concept for insuring offshore oil drilling, which has the potential to create cover in t
BP announced today that its acquisition of an interest in block 42/05 in the South China Sea’s Pearl River Mouth Basin has been approved by the Chinese Government. BP has acquired a 40.82 per cent interest in the block from Devon Energy China, Ltd. The block covers an area of 6939 square kilometers.
The schedule of a final operation to kill the Deepwater Horizon well could be accelerated as BP PLC moves forward with a new procedure to… By Mark Peters (vault) [mappress] Source: vault, September 13, 2010;
Tullow Oil plc (Tullow) announces that the Owo-1 exploration sidetrack in the Deepwater Tano licence offshore Ghana has significantly extended the column of high quality light oil discovered by the Owo-1 well. Results of drilling, wireline logs and samples of reservoir fluids confirm that Owo is a m
Deep Sea Mooring AS, part of the Odfjell Well Services group (OWS), has been awarded a three year frame agreement with Statoil Petroleum AS for mooring services covering the Norwegian sector. The contract award to DSM will support Statoil’s rig fleet with mooring services for the next three years wi
CNOOC Limited announced that Mr. Zhong Hua will succeed Mr. Yang Hua as new Chief Financial Officer (“CFO”) of the Company. The appointment will be effective from 16 September 2010. Mr. Zhong Hua joined CNOOC in 1982, and has been working in the oil and gas industry for over 28 years. He received hi
ExxonMobil, a leading international oil company that is currently conducting oil exploration in the Black Sea, said a gigantic oil … (todayszaman) [mappress] Source: todayszaman, September 13, 2010;
BP provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. BP continues to work with the guidance and approval of the National Incident Commander and in cooperation with the federal government. Subsea Source Control The MC252 well has been shut-in sin
Norwegian Energy Company ASA announced that drilling of the Dalsnuten prospect (exploration well 6603/5-1S) in the license PL392 has started. The well is being drilled with the rig Aker Barents, and the operator is A/S Norske Shell. Noreco recently farmed in to the license with a 10% share. This tra
Huisman, the Dutch-based specialist in lifting, drilling and subsea solutions will soon deliver a 250mt Knuckle Boom Crane to Subsea 7. This state-of-the-art crane is currently being load tested at the Huisman facility in Schiedam, the Netherlands. The crane will be installed onboard Subsea 7’s newl
The average daily production in July 2010 was about 2 117 000 barrels of oil, NGL and condensate. This is 245 000 barrels more than in June 2010. Gas production was about 7.6 billion Sm 3 , which is 0.9 billion Sm 3 less than in June. The liquid production in July was: 1 800 […]
Seadrill announced that Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, will address attendees at the Barclays Capital 2010 CEO Energy- Power Conference in New York. Mr Thorkildsen is scheduled to present at Thursday September 16, 2010, at 8.25 a.m. New York time. The presentat
RBG Ltd (‘RBG’), the leading provider of fabric maintenance and construction support to the global energy industry, has completed a contract worth approximately £400,000 for Acergy, for the provision of Rigid-Hulled Inflation Boat (‘RHIB’) dive services and project support. RBG was commissioned to s
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced a call for nominations of lands in the offshore area from industry stakeholders to be considered for a possible call for bids in 2011. Call for Nominations NL10-01 provides instruction on the maximum and minimum parcel
