Tullow Oil plc (Tullow) announces that it has signed a Heads of Agreement with Staatsolie in relation to Block 47, a 2,369 sq km deepwater exploration licence offshore Suriname. The signing will enable the parties to finalise a Production Sharing Contract for the Block and enhance Tullow’s portfolio
Australian Firm NIDO Petroleum Ltd. said it was on track to meet its target of delivering the first oil from the Tindalo prospect… [mappress] Source: PhilippinesDailyInquirer, May 17, 2010;
Bee Mar LLC announced recently that its latest DP-2 U. S. Flag Platform Supply Vessel (PSV), the M/V Bumble Bee, completed sea trials and entered service in the U.S. Gulf of Mexico. The announcement was made by Bee Mar president and chief executive officer Van C. DeWitt, who added, “The M/V Bumble B
Universal Power Corp. announced today that it has been awarded a Petroleum Exploration Licence (“PEL”) for the offshore Namibian blocks… [mappress] Source: alphatrade, May 17, 2010;
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and undeveloped field opportunities in the Atlantic margin, the North Sea and Norway,announced that drilling has commenced on the Maria prospect (Faroe 30%), located in the Norwegian Sea. The Mari
Entek Energy Limited announced that well A-11 on NorthPadre Block 975, in which it is earning a 25% Working Interest, has successfully logged pay at multiple levels including the B7 primary target objective. The well has reached a Total Depth of 7,983’ MD and 7,573’ TVD and has encountered all objec
Statoil has struck gas in an exploration well north of the Mikkel field in the Norwegian Sea. The discovery is being considered for development as a satellite to the Åsgard field. ”This again shows how prospective this area is,” says Geir Richardsen, head of Statoil’s exploration of infrastructure-l
Rolls-Royce, the global power systems company, has received orders worth approximately £15 million to supply propulsion and control systems for seven offshore vessels being built in Brazil. The orders mark the continuing strength of the offshore segment in Rolls-Royce and reflect the company’s stron
BP says it expects to be using a mile-long tube to siphon crude from a gushing well beneath the Gulf of Mexico by Saturday night… [mappress] Source: wlox, May 16, 2010;
In the wake of the oil disaster in the Gulf of Mexico, many are questioning the safety of offshore drilling. One company is working hard… [mappress] Source: Anp, May 14, 2010;
Brazil’s National Petroleum Agency, or ANP, announced the discovery of about 4.5 billion barrels of recoverable oil in a massive offshore… [mappress] Source: Anp, May 14, 2010
Bergen-based specialist subsea service company DOF Subsea Norway AS has been awarded several significant contracts for company multipurpose vessel Geosund, ensuring solid utilisation through the summer. In late April, Geosund successfully completed annual subsea inspection work for Mærsk Olie og Gas
The oil spilling out of the damaged rig in the Gulf of Mexico has cost BP $450 million so far, the oil giant said on Thursday. [mappress] Source: sharecast, May 14, 2010;
EIVA announced the release of NaviCat software featuring catenary simulations related to anchor handling tug operations through integration with EIVA NaviPac including 3D visualization option. By utilizing predefined cable, MLB and anchor libraries NaviCat makes creation, modification and display of
