The number of rigs actively exploring for oil and natural gas in the U.S. increased by 15 this week to 1,491. [mappress] Source: AP,April 20, 2010;
Seismic companies that map vast areas beneath the ocean floor for oil and gas deposits won’t be trolling Atlantic waters with their air… [mappress] Source: Houstinchronicles,April 20, 2010;
EDSA,the leading developer of power analytics solutions for the design, testing, and management of complex electrical power systems, today announced the successful completion of the Factory Acceptance Test for a groundbreaking new electrical power analytics, supervision and diagnostic system, schedu
Yangzijiang Shipbuilders, together with its nonexecutive director Yu Kebing and an unnamed Middle East investor, have offered to buy Singaporebased PPL Holdings for US$155 million , the company said on Saturday. When the deal is completed, Yangzijiang will own 50.1 per cent of PPL Holdings, while th
Lockheed Martin is progressing with Ocean Thermal Energy Conversion. Known as OTEC, this technology leverages the ocean’s natural thermal gradient to generate power. It is in the final design stage for construction of an OTEC pilot plant off the coast of Hawaii that will be capable of generating10 m
Federal scientists have until Oct. 1 to decide what additional research is needed to determine the effects of offshore oil and gas… [mappress] Source:Cnbc,April 14,2010;
CNOOC Limited announced today that the Company has successfully made an important new discovery — Penglai(PL)9-1 in the Eastern Bohai Bay. The new discovery — PL9-1 is located in the Miaoxibei Uplift in the Eastern Bohai Bay. The discovery well PL9-1-2 penetrated oil pay zones with total thickness o
Dresser Masoneilan today announced that it has been named the emergency shutdown device (ESD) supplier for BP’s floating production, storage and offloading (FPSO) vessel in the Plutao, Saturno, Venus and Marte oil fields off the coast of Angola, Africa. Dresser Masoneilan will supply SVI II ESD anal
ATP Oil & Gas Corp. said that the Minerals Management Service has accepted ATP’s bid of $232,100 for Garden Banks Block 782, also known as Entrada. ATP said it made the bid at the Central Gulf of Mexico Offshore Lease Sale 213 held in March 2010. It said that previous exploration drilling on Garden
Det norske has made an oil discovery in exploration well 25/1-11 on Storklakken in PL 460. A nine meter oil column has been encountered, with good reservoir quality. Comprehensive data sampling is being performed in the well and the company will drill a sidetrack in order to assess the size of the d
Viking Offshore & Marine (O&M) is aiming to grow its international revenues to 60 per cent of its overall sales by next year and is also looking to set up operations in Brazil, which is widely seen as a growth market. Viking O&M, now a relatively smaller player in the O&M sector, is hoping to [&hell
Vanco, along with partners Lukoil and the state oil company Petroci, has completed drilling the Orca exploration well offshore the Republic of Cote d’Ivoire, reporting the well has proved the Orca prospect “highly promising.” Drilled to a total depth of 4,015 meters in waters measuring 1,868 meters
Seadrill has a letter of intent from Statoil for a new harsh environment jackup to drill on the Norwegian continental shelf. The five-year contract has an estimated value of around $650 million, including a $24-million mobilization fee, and is due to start in summer 2011. Statoil has an option to ex
Kencana Petroleum Bhd announced today that one of its companies has secured a service contract for the supply of offshore support vessel which will be used by Petronas Carigali Vietnam Ltd. The contract was secured by Kencana Nautilus Sdn Bhd (formerly known as Thrive Alliance Sdn Bhd), a wholly-own
