Lekoil, the oil and gas exploration firm focused on Africa, has reported a significant upgrade to 2C oil reserves estimates for Lekoil Nigeria’s 40 per cent interest in the Otakikpo field offshore Nigeria. The Otakikpo is a marginal Field in the oil mining lease (OML) 11, offshore Nigeria, adjacent
U.S. Transportation Secretary Anthony Foxx has announced that 40 projects in the areas affected by Hurricane Sandy have been competitively selected to receive a share of $3.59 billion in federal disaster relief funds. Among the funds awarded, the Massachusetts Bay Transportation Authority (MBTA) wil
Petronas Carigali, the Exploration and Production subsidiary of the national oil company in Malaysia, has extended the contract for the jack-up rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015. The estimated revenue potential from the
Pivotal LNG, an AGL Resources unit, signed a long-term agreement to sell liquefied natural gas to Crowley Maritime’s subsidiary Carib Energy, for use by Carib`s customers in Puerto Rico. Recently, the Federal Energy Regulatory Commission (FERC) issued an order providing clarity to Pivotal regarding
Polarcus has completed acquisition of a major new 3D broadband multi-client project in the southern Porcupine Basin, offshore SW Ireland. The extensive survey, undertaken in partnership with ION GeoVentures, saw the technologically-advanced 3D seismic vessel Polarcus Amani tow an ultra-wide 1,350m r
German engineering giant Siemens said it has entered into an agreement to buy Dresser-Rand, a U.S. oil, gas and small-scale LNG equipment maker. Siemens’ bid was unanimously supported by Dresser-Rand’s Board of Directors. The offer price is $83 per common share in cash, or a total transaction value
Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf. DSM will be responsible for marine engineering and supplying the mooring equipment. The company will also assist in offshore opera
Sevan Drilling ASA, an international offshore drilling contractor, has entered into a standstill agreement with Cosco (Qidong) Offshore Co. Limited related to Sevan Developer’s construction contract. Earlier in August, in the Q2 earnings report, the company mentioned significant delay in the deliver
PTT Exploration and Production Public Company Limited or PTTEP announces that it has entered into an agreement to acquire a total 20% participating interest from Shell Brasil Petroleo Ltda in Concession BM-ES-23 in the Federal Republic of Brazil. This agreement is subject to the approval of Brazil’s
A major waterfront repair and re-development project on a storm-battered coastline in Perth Amboy, which was jointly funded by the State Department of Environmental Protection and the city, has been completed. The DEP approved $1.7 million in Shore Protection funds for the $3.55 million bulkhead and
Otto Energy Limited has executed a sale and purchase agreement (SPA) to divest 100% of the shares in Galoc Production Company WLL (GPC), the holder of Otto’s 33% interest in the Galoc oil field located in Service Contract 14C, to Risco Energy Investments Pte Ltd, a Singapore-based energy investment
Thailand’s oil company PTTEP has bought a 20% interest from Shell in an offshore block in Brazil. The concession is located in the Espirito Santo Basin, in deep water of offshore Brazil, covering an area of approximately 550 square kilometers. This agreement is subject to the approval of Brazil’s Na
The St. Johns River Water Management District, Florida Department of Environmental Protection, state and local elected officials and Indian River Lagoon protection advocates celebrated the Florida Legislature’s $10-million funding appropriation for the first phase of the Eau Gallie River muck-dredgi
Otto Energy Limited, the Australian exchange-listed oil company, has sold its stake in the Galoc field, in the Philippines, to Risco Energy Investments for $101.4 million.
