BGP informed that BGP Challenger vessel has successfully completed a 2D survey for Spectrum offshore Namibia with 123km average daily production and zero downtime. The high quality seismic data was provided to Spectrum. Howard Nicholls, Geophysical Advisor of Spectrum, said: “Thank you from me for a
On 1 May 2014 Statoil completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestmen
SeaBird Exploration Plc (“SeaBird) reports a net loss of $0.6 million for Q1 2014 (profit of $1.8 million in the same period in 2013). Revenues were $33.7 million in Q1 2014 ($50.0 million). The decreased revenues are primarily due to lower vessel utilization and increased multi-client activity duri
The South Korean ferry accident took the lives of 260 people, the latest reports show. No survivors have been found since the ferry sank on April 16, and the divers are still searching for the missing 42 people, CNN reports. The ferry was en route from Incehon to the island of Jeju when it sank [&he
CAMAC Energy Inc. announced that the Energy Searcher drillship, owned by Northern Offshore Ltd., has arrived in Nigeria. After taking on personnel, equipment and supplies, the rig will move to the Oyo Field, where it is expected to commence drilling operations on the Oyo-8 well in mid-May. The rig,
InterMoor, an Acteon company, is finalising a joint venture agreement with Century Energy Services Ltd (Century) in Nigeria. This will be a locally registered company and fully compliant with the Nigerian Oil and Gas Industry Content Development Bill, 2010. For InterMoor, securing a joint venture wi
Cobalt International Energy, Inc., an independent exploration and production company, announced its operational update in West Africa and Gulf of Mexico, and released financial results for Q1 2014. The Angolan National Concessionaire Sonangol, Cobalt and the Block 20 partners – Sonangol P&P and BP a
Prysmian Group, world leader in the energy and telecom cables and systems industry, will showcase at Offshore Technology Conference 2014 in Houston, TX (USA) from May 5th to 8th (booth 5447). The Group will present its comprehensive product portfolio specifically designed for the Oil and Gas industr
Power management company Eaton introduced the Synflex® 3395-32 and 3394-32 Thermoplastic Hoses, designed specifically to help increase uptime, safety and reliability for subsea oil and gas applications. The new high pressure hoses are a market exclusive for 2-inch hoses reinforced with Kevlar® to wi
Statoil has received consent to carry out exploration drilling of well 7324/2-1 Apollo in production licence 615 in the Barents Sea using the Transocean Spitsbergen mobile drilling facility. Water depth at the site is approx. 430 metres. Drilling is planned to begin in May 2014, with a duration of a
AWE Limited has reported that the Pateke-4H development well has been drilled to a revised measured total depth of 4,772m, including a 749m horizontal section through the reservoir, and installation of a 6 5/8 inch slotted production liner has been completed. The well will now be completed and suspe
Ocean Shield will today (May 05) return to Fleet Base West to replenish its supplies and conduct routine maintenance and software modifications to Phoenix Autonomous Underwater Vehicle ‘Artemis’ Bluefin-21. On completion of the short port visit, Ocean Shield will return immediately to the search are
Expro announces $2 billion order book at the end of its 40th anniversary year, thanks to a number of contract wins, including almost $500million in the last quarter alone. Expro attributes this success due to its market-leading position in deep water well testing and subsea landing string services,
The Kleven group delivered a strong financial performance in 2013, with an operating profit of NOK 172 million. ‘An operating profit of NOK 172 million is a solid result in the current market situation,’ said Ståle Rasmussen, CEO of Kleven. Turnover in 2013 was NOK 4.2 billion, a record high for the
