Total has signed an agreement with ConocoPhillips to acquire a 24.5% interest in the Arafura Sea and the Amborip VI blocks in the Arafura Sea, offshore Indonesia. With this agreement, ConocoPhillips, operator of those two blocks, will now hold a 75.5% working interest in the Arafura Sea block. In th
Valiant Petroleum announced that its operated Tybalt exploration well 211/8c-4 (License P1632) has discovered hydrocarbons in the targeted Upper Magnus Sand Formation within the eastern ‘T2’ pinch-out prospect East Tybalt having intersected a gross oil column of 278 feet (85 meters). Initial log whi
BW Offshore has received an authorization to proceed with the completion of the FPSO OSX-1. The FPSO is owned by OSX and will operate for OGX on the Waimea oil field in the Campos Basin offshore Brasil. The scope of work includes among others topside modifications and the delivery of a Submerged Tur
Teekay Offshore Partners (Teekay Offshore or the Partnership announced that Chief Executive Officer Peter Evensen will deliver a presentation at the National Association of Publicly Traded Partnerships 2010 Master Limited Partnerships (MLP) Investor Conference in Greenwich, Connecticut on May 12, 20
Malaysia-based international company, Bumi Armada Berhad,announced the launch of Armada Tuah 85 – the last of their 20 vessel new build programme, Steel on Water 1. The 8000 BHP class AHTS (anchor handling tug and supply) vessel was safely launched on 27 April at 10 am local time, at the shipyard in
Africa is experiencing an oil-and-gas boom as the continent’s relatively unexplored prospects present a tantalizing draw for foreign oil… [mappress] Source: theglobeandmail, May 10, 2010;
With a view to garner a substantial overseas business and become a major global player in the offshore services segment, Great Offshore… [mappress] Source: Businessstandard, May 10, 2010;
As a massive oil leak spit thousands of gallons more crude into the Gulf of Mexico, a big box that BP hoped would be its savior sat idle… [mappress] Source: AP, May 10, 2010;
Subsea 7’s new diving support vessel (DSV), the ‘Seven Atlantic’, one of the largest and most capable DSVs in the world, has completed her first diving project for Shell in the Southern sector of the UK North Sea. The Seven Atlantic has been working in the Southern sector for Shell as well as comple
The deadly blowout of an oil rig in the Gulf of Mexico was triggered by a bubble of methane gas that escaped from the well and shot up… [mappress] Source: AP, May 10, 2010;
Bridas Corporation, with oil and gas exploration and production operations in Argentina, Bolivia and Chile is now a 50/50 joint venture between China National Offshore Oil Corporation, CNOOC (NYSE:CEO) and BEH, according to a brief relief from the giant Chinese corporation. CNOOC said it signed the
Chevron Canada Ltd. is preparing to start drilling the country’s deepest offshore oil well off Newfoundland Sunday, just as a devastating… [mappress] Source: Cbc, May 9, 2010;
Aker Solutions has been selected by Kebabangan Petroleum Operating Company Sdn Bhd (KPOC) as its contractor for the detailed engineering of the Kebabangan (KBB) Northern Hub development project located in the South China Sea, 130km offshore Sabah in East Malaysia. Under the four-year contract, Aker
Tideland Signal is one of the suppliers involved in the Perdido Development, Royal Dutch Shell’s record breaking new hub located 200 miles off the coast of Texas. Located in an isolated, ultra-deep sector of the Gulf of Mexico, Perdido, which in April started producing oil and natural gas, has broke
