Statoil Petroleum AS, operator of production licence 269, has completed the drilling of wildcat well 35/1-2 S. The well was dry. The well is located about twelve kilometres west of the earlier Peon discovery in the North Sea. The purpose of the well was to prove petroleum in early Jurassic reservoir
Santos Limited today executed binding agreements with KOGAS and Total which pave the way for a final investment decision (FID) in January 2011 on the two train GLNG project. GLNG has an estimated gross capital cost of approximately US$16 billion from FID until the end of 2015, when the second train
Chevron Corporation announced it has sanctioned development of its $4 billion Big Foot project in the deepwater U.S. Gulf of Mexico. “Sanctioning Big Foot underscores our commitment to the Gulf of Mexico and will contribute to future U.S. energy supply,” said George Kirkland, vice chairman, Chevron
OAO NOVATEK announced today the closing of the transaction to acquire a 51% interest in OAO Sibneftegas, by the Company’s wholly-owned subsidiary, OOO NOVATEK Severo-Zapad, from OAO Gazprombank. The acquisition price for the 51% interest amounted to RR 26,883 million. In accordance with the terms of
AWE Limited reports that at 1100 hours today, the Silvereye-1 exploration well had reached a total depth of 2,318 metres and was preparing to trip out of the hole. Progress for the week was 1,206 metres. No significant shows were encountered and the well will be plugged and abandoned. Silvereye-1 wa
Engineering and construction company Clough Limited, today announced that Chevron Australia has entered into a contract valued at approximately A$300 million with the Clough Sea Trucks Joint Venture (CSJV) for the Domestic Gas (DOMGAS) scope of work on the Gorgon Project. CSJV is a joint venture bet
QGC, a leading Australian coal seam gas explorer and producer, has signed a contract with a consortium of GE and Laing O’Rourke for the construction of a water treatment plant in southwest Queensland that will support the region’s rapidly growing coal seam gas industry. Coal seam gas is a form of na
A/S Norske Shell has decided to extend the maintenance and modification contract with Aker Solutions, exercising a 2 year option in the existing agreement for the Draugen (photo) and Ormen Lange fields. Work under the new option will last until December 2012. The contract value is estimated to be in
Demonstrating its commitment to supporting the State of Qatar’s regulatory requirements with regards to Nitrogen Dioxide (NOx) emission levels, RasGas Company Limited, one of the world’s largest producers of Liquefied Natural Gas (LNG), is applying GE’s Dry Low NOx (DLN) combustion technology to red
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
Bounty Oil & Gas NL (“Bounty”) announces progress report on the New Seaclem 1 well in PEP 11. The well was spudded at 00.00 hours AEDST 15 December 2010 and has drilled the 9 7/8″ pilot hole to 310.5 metres BRT. Current operations: Preparing to open hole to 36″ before running the 30″ conductor casin
Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that National Grid, an international electric and gas company, has selected the Allegro 8 platform to manage its power, natural gas, liquefied natural gas (LNG), natural gas liq
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
