In 2010 Statoil started production on three new fields, delivered a plan for development and operation (PDO) of two new fields and chose concepts for two of our main improved recovery projects. Statoil’s strategy is to maximise the value on the Norwegian continental shelf (NCS), and its goal is to m
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited (“Ithaca” or “the Company”), an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that it plans to drill a second production well on the Jacky fi
Det norske oljeselskap ASA, operator of production licence 341, is in the process of completing the drilling of wildcat well 24/12-6 PG. The well has been drilled about 75 km north of the Sleipner field. The primary exploration target for the well was to prove petroleum in the Upper Jurassic (the Dr
EnCore Oil plc announces that the Transocean Galaxy II heavy duty jack-up rig left the standby location in the UK North Sea on Sunday 12 December and is en route to the Varadero location on Block 28/9. Subject to weather and any operational delays, the rig is expected to arrive at Varadero later tod
Wärtsilä, the marine industry’s leading solutions provider, has been awarded the contract to supply the propulsion equipment for a new, state-of-the-art, research vessel. The vessel will be operated by the UK’s Natural Environment Research Council (NERC), and is to be built at the C.N.P. Freire S.A.
Shell and Schlumberger announced a multiyear research technology cooperation agreement focusing on improving the recovery factor of oil and gas reservoirs and extending the life of existing oil and natural gas fields. • Goal is to speed development of oil and gas resources to meet increasing demand
Nordic LNG has entered into supply agreements with two major industrial enterprises in Lilla Edet (approximately 50km north of Gothenburg). LNG deliveries via tank-lorries from new terminal at Øra near Fredrikstad will start during the summer of 2011. Knauf Danogips GmbH, Inlands Kartongbruk Develop
Sietas is to be the first German shipyard to develop and build a jack-up vessel used for offshore wind farm installation. The order, which was signed today in Hamburg, comes from prestigious Dutch-based marine contractor Van Oord, working on dredging, offshore and marine engineering projects worldwi
Petrofac, the international oil & gas facilities service provider, announces that it has acquired a 20% interest in Gateway Storage Company Limited (Gateway), to progress and develop the Gateway Gas Storage project in the East Irish Sea. The cash consideration could be up to £33 million over time, f
Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Voser, Chief Executive Officer of Royal Dutch Shell plc, signed a protocol on strategic global cooperation. This agreement establishes basic guidelines for the companies’ broader collaboration. Amongst the opportunities the compa
Songa Venus achieved operating efficiency of 99% during the month, the rig completed its third well for Shell Development (Australia) and the rig started its last contractual well in current program for MEO Australia during the month. The rig is thereafter scheduled to commence its 2 well firm + 1 O
E.ON has sold the 3.5 percent stake in Gazprom held by its subsidiary E.ON Ruhrgas. E.ON reached an agreement to sell a 2.7 percent Gazprom stake to Vnesheconombank (VEB), Russia’s state-owned investment bank. The payment of the purchase price and the transfer of the stock to VEB are expected to tak
Awilco Drilling Limited is a UK based offshore drilling company owning and operating two semi submersible drilling rigs. The Company is listed on the Norwegian OTC under the ticker code AWDR. At the end of September 2010 Awilco Drilling Limited (Awilco Drilling) had one rig in operation and one rig
Valiant Petroleum plc (“Valiant” or the “Company”) provides the following update with regard to its operations during the second half of 2010 and forward work programme for 2011 and beyond. Highlights · 2010 Production at upper end of guidance, 2011 anticipated at 6,500-7,500 barrels of oil per day
