BG Norge AS, operator of production licence 297, is in the process of completing the drilling of wildcat well 1/3-12 S. The well is located about 30 km northwest of the Ekofisk field in the southern part of the North Sea. The purpose of the well was to prove petroleum in reservoir rocks in the [&hel
SBM Offshore NV (Amsterdam: SBMO) has successfully completed the refinancing and expansion of its existing revolving credit facility of USD500m to a new USD750m facility. The company said today that the targeted syndication to a select group of banks found very strong interest and resulted in a subs
The seismic/research vessel Oceanic Vega for the shipowner Eidesvik Seismic Vessels AS, has the last week been on successfully sea trials. Oceanic Vega is a seismic/research vessel of type ULSTEIN SX120, and is the first of two sisterships for the shipowner Eidesvik Seismic Vessels AS. The ship goes
Minister Conor Lenihan announced details of new exploration opportunities in Irish waters – the “2011 Atlantic Margin Licensing Round”. The Minister also announced details of a new joint Ireland/Newfoundland-Labrador research project involving a plate reconstruction of the North Atlantic. The 2011 A
Offshore drilling typically refers to the discovery and development of oil and gas resources which lie underwater. Most commonly, the term is used to describe oil extraction off the coasts of continents, though the term can also apply to drilling in lakes and inland seas. Offshore drilling presents
Leading Scottish fabrication and engineering company Isleburn has secured North Sea contracts totaling nearly £5million with BP for two projects which will be assembled in its new facility at Invergordon. Isleburn, which is part of the Global Energy Group, will fabricate a 120 metre long caisson for
Cianbro team members are making progress as they work around the clock to replace three thrusters in need of maintenance aboard the drilling vessel, Stena Forth. “Weather is an important factor in this project,” said Project Manager Brian Rancourt. “We have a Cianbro crane set up on a flexi-float sy
Otto Marine Limited, a leading offshore marine Group which specializes in building complex offshore support vessels, ship chartering and offer specialized offshore services had expanded to the US market with Otto Marine’s wholly owned subsidiary, Surf Subsea Pte Ltd taking a 19.2% stake in the US ba
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea Source Control and Containment Two systems continue to collect oil and gas flowing from the Deepwater Horizon’s failed blow-out preventer (BOP) and transport them to vessels on th
A 2 billion US$ vessels new building program to renew the old and obsolete continental offshore fleet and meet demand in deepwater “With this plan covering 2011 to 2015, BOURBON wants to achieve leadership under the flag of excellence” ” says Jacques de Chateauvieux, Chairman & Chief Executive Offic
Total announces that its subsidiary, Total Exploration & Production Nigeria Ltd, in association with Conoil Producing Limited, has discovered hydrocarbons in the central portion of the Oil Mining Lease OML 136, offshore Western Nigeria. The Agge-3B.T1 well aimed at exploring an undrilled compartment
Statoil has sold a 10% interest in the Gro licence (PL 326) to PGNiG Norway. Statoil keeps a 30% interest in the licence. The Gro licence is located in the Vøring Basin in the Norwegian Sea. Natural gas was confirmed in the licence by an exploration well in June 2009.A new well is currently being [&
Sevan Driller commenced operation as from yesterday and the rig is thereby on full day rate. Sevan Driller arrived at its drilling location in the Campos Basin on Wednesday June 16 at 6 am local time. The advanced ultra deepwater drilling rig is capable of drilling at water-depths down to 10,000 ft.
Noble Corporation announced that it has reached an agreement with one of its customers regarding the situation created by the restrictions imposed on deepwater drilling in the U.S. Gulf of Mexico by the U.S. Department of the Interior. This compromise with Noble Energy, Inc. defines an interim agree
