Apache Corporation today announced that its Maule Field in the United Kingdom sector of the North Sea has commenced production at approximately 11,750 barrels of oil per day. The new field was brought on production approximately eight months following the October 2009 discovery. Apache holds a 100-p
Riga City Council announced a tender for contract for the transfer of the port of Riga from downtown to the Russian island (Krievu sala). [mappress] Source: rzd, June 29, 2010;
Fairstar Heavy Transport NV (FAIR) announces the successful completion of a private placement towards Norwegian and international institutional investors of 25,000,000 new shares at a price of NOK 8.50 per share. The share issue represents approximately 53% of the shares outstanding prior to the pla
Statoil has signed a three-year contract with Stena Drilling for hire of the Stena Don drilling rig. The contract value is USD 437 million over a period of three years. Plans call for the semi-submersible rig to be used for drilling on the Norwegian continental shelf (NCS). The rig was also under co
The Republic of Slovenia is positioning itself to be a gateway to Central and Southeast Europe, despite being up against stiff competition… [mappress] Source: maritimenews, June 28, 2010;
Today the annual General Shareholders Meeting of Gazprom was followed by a meeting of the Company’s newly elected Board of Directors. The meeting resolved to elect Viktor Zubkov, First Deputy Prime Minister of the Russian Federation as Chairman of the Gazprom Board of Directors. Alexey Miller, Chair
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
Turkey’s transport minister declared that nearly TRY450 million (US$285 million) will be invested in Izmir Port from 2011 through to 2015. [mappress] Source: baird, June 27, 2010;
It is assumed that about 103 billion rubles (vs last year’s 105bn) will be directed for development of Russian ports this year, says Dmitry… [mappress] Source: rzd, June 26, 2010;
The City of Andernach and H&S Container Line have renewed and extended the Andernach container terminal. [mappress] Source: portofrotterdam, June 26, 2010;
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
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
The Mepa board yesterday approved an extension to the Terminal 2 quay at the Freeport. [mappress] Source: independent, June 25, 2010;
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 [&
