Total announces the signing of an agreement for the sale of its interests in the Valhall (15.72%) and Hod (25%) fields, in the Norwegian North Sea, to BP . This transaction, amounting to $991 million, is subject to partners’ consent and approval by relevant authorities in the upcoming weeks. Located 285 kilometers off the Norwegian [...]
BP today announced its support for and cooperation with U.S. government investigations arising from the sinking of the Transocean drilling rig Deepwater Horizon in Mississippi Canyon Block 252 (MC252) in the Gulf of Mexico. “Losing 11 of our industry colleagues is a tragedy for the offshore community,” said BP Group Chief Executive Tony Hayward. “As [...]
Emergency teams launched a “controlled burn” operation on Wednesday to stop a giant oil slick in the Gulf of Mexico from washing up on Louisiana’s ecologically fragile coast. A fleet of skimming vessels deployed by the US Coast Guard and British energy giant BP were sweeping the most dense concentrations of crude into a 500-foot [...]
Cochin Shipyard Limited (CSL) on Wednesday delivered a platform supply vessel to Purple Fleet Ltd, an affiliate of Tide Water Marine International of US. This is the 15th platform supply vessel built at CSL. The documents of the ship named ‘Davis Tide’ was signed by Jose Mathew, chief general manager – shipbuilding, CSL, and Philip [...]
China National Offshore Oil Company Limited (CNOOC Ltd.) said Wednesday that its total net production increased 31.9 percent year on year to 67.3 million barrels of oil equivalent in the first quarter. The total unaudited revenue of CNOOC Ltd. in the first three months of 2010 surged 118.5 percent to 30.49 billion yuan (4.46 billion [...]
The U.S. Coast Guard suspended a search on Friday for 11 workers missing after an oil rig exploded and sank into the Gulf of Mexico earlier this week. The 11 workers — who were likely on the deck of the oil rig in the vicinity of the explosion — are presumed dead, the Coast Guard [...]
Chevron Corp. announced that the Perdido deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. According to a release, production from the Great White, Silvertip and Tobago fields utilizing the Perdido hub is expected to reach full capacity of 130,000 barrels of oil-equivalent per day after the [...]
Saudi-based Shoaibi Group, a leading provider of oil and gas technology products and services, has appointed David Malone, a former Schlumberger executive, as its new chief technology officer. Malone, who has spent over 25 years at Schlumberger, will lead Shoaibi Group investment activities in oil and gas technology that is appropriate for the Middle East [...]
As a major oil spill in waters off Louisiana tripled in size Monday, a growing task force kept trying and failing to plug a leaking well… SanFranciscoChronicle,April 27, 2010;
Ensco plc announced today that a subsidiary of the Company has sold ENSCO 57, a F&G L-780 MOD II-C design jackup drilling rig built in the early 1980s. The sale price was approximately $47 million. As of 31 March 2010, the net book value for ENSCO 57 was approximately $30 million. The rig will be [...]
