Petrel Resources plc announces that it has agreed to farm-out 85% of its Atlantic Porcupine Basin holding to Woodside, Australia’s largest independent oil and gas company. The agreement covers all of Petrel’s participating interest in Licensing Option 11/6 (comprising offshore blocks 45/6, 45/11, 45
SapuraKencana Petroleum Berhad (“SapuraKencana”) announces that its subsidiary Sapura Navegação Marítima S.A., Brazil (“SNM”) has been awarded contracts from Petrobras to charter and operate three Pipe Laying Support Vessels (“PLSV”). The value of the contracts is approximately USD 2.7 billion. The
Aberdeenshire-based oilfield service company ROMAR International has been awarded two contracts with a combined six figure value in South East Asia with two major oil and gas operators. This is the first contract win for the company since recently expanding into the region with local representative,
Serica Energy plc announces that it has reached agreement with Centrica through its subsidiary Hydrocarbon Resources Limited (“HRL”) for the farm-out of UK East Irish Sea Blocks 113/26b and 27c (Licence P.1482), in which Serica presently holds a 65% interest. Under the agreement, HRL will acquire an
Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, provides an operational update. The Company has a material and active investment programme ahead, which is fully funded
Ithaca Energy Inc. reports estimated second quarter 2013 production results and provides an operational update ahead of its 2013 Annual and Special Shareholders Meeting. Q2-2013 Production With three days to the end of the quarter, net export production in Q2-2013 is anticipated to be close to 14,00
Karoon announces that it has passed final regulatory hurdles to commence drilling in Block Z‐38 located in the offshore Tumbes Basin, 10 kilometres from the north west coast of Peru. Directorial Resolution N° 163‐2013‐MEM/AAE was passed on the 19 June 2013 and approved the Environmental Impact Study
Electromagnetic Geoservices ASA (EMGS) announces that it has been awarded a contract worth approximately USD 100 million by one of the world’s largest oil companies. It is expected that 3D electromagnetic (EM) data acquisition will start in early September 2013, following mobilisation of the vessel
Subsea 7 S.A. announced an increase in the estimated full-life project loss on the Guará-Lula NE project, offshore Brazil. As a result, the Company no longer expects full year Adjusted EBITDA to show progress compared to 2012. The Guará-Lula NE project entered the offshore phase in the second quarte
Navitus Bay Development Limited (NBDL) has today announced a shortlist of three local ports – Poole, Portland and Yarmouth – to host the wind park’s operations and maintenance (O&M) functions. The O&M base will effectively be the wind park’s headquarters over its 25 year lifespan, and is expected to
Navitus Bay Development Limited (NBDL) has today announced a shortlist of three local ports – Poole, Portland and Yarmouth – to host the wind park’s operations and maintenance (O&M) functions. The O&M base will effectively be the wind park’s headquarters over its 25 year lifespan, and is expected to
Coastal Planning & Engineering Inc., a Florida-based company, began surveying the seabed off the coast of Maryland on Monday, The Baltimore Sun informs. By using a 130-foot vessel Scarlett Isabella, which comprises high-tech sonar and seismic equipment, the company is performing a high-resolution ge
The National Renewable Energy Centre, Narec , will manage and deliver two pilot projects on behalf of the Offshore Renewable Energy Catapult, focusing on Offshore Cables, and Performance & Reliability issues. Currently, onshore transmission and distribution networks have operational performance benc
Shepherd Offshore has dug deep to achieve another major milestone in the multi-million pound development of Tyneside’s Neptune Energy Park. A dredger took two months to move a mountain of silt from the riverbed next to the former Neptune shipyard so that deep-hulled vessels can now berth alongside t
