The Board of Dana (the “Board”) is today posting a circular to Shareholders setting out the valuation of Dana based on an Independent Expert’s asset valuations. The Independent Expert’s Report supports the Board’s view that the offer made by Korea National Oil Corporation (“KNOC”) for all the issued
In accordance with the order of the Russian President Dmitry Medvedev and the directive of the Russian Government, the Board of Directors of Rosneft Oil Company appointed First Vice-President Eduard Khudainatov the President of the Company starting from September 6, 2010. Prior to his appointment as
Norwegian Energy Company ASA (Noreco) has received consent to conduct exploration drilling in the North Sea with the mobile installation West Alpha. The well is part of production licence 545 and is located approx. 110 kilometres southwest of Haugesund. Well 17/6-1 has the following geographical coo
ADX Energy Limited announced that the participants have agreed to the Operators proposal to suspend the Lambouka -1 discovery in a manner that is suitable for the future re-entry of the well. The suspension of the well at this time with the ability for future re-entry will provide the opportunity to
BP announced it is providing $10 million to the National Institutes of Health (NIH) under its Gulf of Mexico Research Initiative (GRI) to support a study of potential public health issues relating to the Gulf oil spill and other spill-related health research. The GRI is a 10-year, $500 million indep
GulfMark Offshore, Inc. announced that Bruce A. Streeter, the Company’s President & Chief Executive Officer, will present at the Barclays Capital CEO Energy-Power Conference in New York City on Thursday, Sept 16, 2010at 9:45 AM. The presentation and webcast will be made available in the Investor Rel
Noreco’s oil and gas production in August 2010 was 10,475 barrels of oil equivalents (boe) per day. Net realized oil price was USD 74 per boe after adjustments for oil put options, inventory and NGL and gas prices. Total production from the Siri area in August was 16,700 boe/day (6,000 boe/day net t
ULSTEIN is present at the SMM exhibition in Hamburg 7-10 September and the Rio Oil and Gas exhibition in Rio de Janeiro 13 – 16 September. Design & Solutions Ulstein Group offers a broad range of ship designs for demanding operations within heavy offshore, offshore support and shortsea, and with a s
The Company has approved the promotion of Mr. James McGhee Nicol to General Manager of Mermaid Drilling Ltd. after taking into consideration, inter alia, his past performance, qualifications, competencies and extensive working experience in the offshore oil and gas drilling services industry. This i
CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (“CNOOC”) has signed amendment agreements to the Production Sharing Contracts (PSCs) with Chevron China (“Chevron”), BP China (“BP”) and Devon Energy Corporation (“Devon”) for deepwater blocks 42/05, 64/18
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/147 development well. The well, which is the second in a series of wells to be drilled from the Dzheitune (Lam) 28 platform, was drilled to a depth
Mustang, a Wood Group company, has been selected by Chevron to perform detail design for topsides facilities for the Chevron Jack and St. Malo floating semi-submersible facility, to be located in approximately 7,000 feet of water in the Walker Ridge Area of the Gulf of Mexico. Mustang was chosen bas
ADX Energy Limited hydrocarbon bearing zones have been discovered in the Lambouka-1 well. Drilling and wire line logging operations on the well have now been concluded, having reached a total measured depth of 2,786 meters. Analysis of the final suite of wire line logs has supported earlier results
In connection with the completion of the semi-submersible Gjøa facility, several design weaknesses linked to ballasting and floating stability were found. The Petroleum Safety Authority (PSA) has now sent circular letters with information about this to companies responsible for the operation of semi
