Total announces the acquisition of a 20% interest from Shell in the BM-S-54 license in the Santos Basin. Shell holds the remaining 80% and keeps the operatorship. This acquisition is subject to approval from the Brazilian authorities. The offshore block, located about 200 kilometres south of Rio de Janeiro, covers an area of 700 square [...]
Statoil is entering into frame agreements involving maintenance and modification work valued at NOK 49 billion (USD 7,6 billion), options included. The agreements, which have duration of four years with two two-year extension option, will occupy more than 5,000 people during the period. Five companies have given their assent to the letters of intent sent [...]
Seadrill has taken delivery of the new deepwater drillship West Gemini from the Samsung Shipyard in South Korea. The unit was delivered on budget and one day ahead of original delivery schedule. The vessel will carry out a simulated drilling operation in Korean waters before relocation to Angola in West Africa to commence operations under [...]
Brazil’s National Petroleum Agency, or ANP, was notified of the discovery over the weekend. The well also tested positive for oil earlier… Source: Mercopress, June 30, 2010;
Saratoga Resources, Inc. today announced that the continuing, well-publicized, Gulf of Mexico oil spill is not anticipated to have any material impact on its current or future operations, including its in-field development and drilling program. In a letter to its shareholders, posted today on the Company’s website (www.saratogaresources.net), management pointed to major differences between the [...]
Endeavour International Corporation announced today that the United Kingdom Department of Energy and Climate Control (DECC) has approved… Source: Alphatrade, June 30, 2010
Statoil has awarded Aker Solutions a frame agreement for maintenance and modifications on their offshore installations Snorre A/B, Gullfaks A/B/C, Visund and Åsgard A/B in Norway. The contract period is for four years and includes options for further extensions up to four years. The yearly volume of the contract will fluctuate, but Aker Solutions estimates [...]
Technip has been awarded a lump sum engineering, procurement, installation and construction (EPIC) contract by Burullus Gas Company SAE(1) for the West Delta Deep Marine (WDDM) Phase VIIIa development project. The contract value is in excess of USD300 million. The project consists in the expansion of the WDDM facilities, located 95 kilometers offshore Egypt in [...]
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Asim Ghosh, Husky Energy Inc.’s new boss and a man with virtually no experience in the energy business, sees himself more as a fund manager… Source: Financial Post, June 30, 2010
The Petroleum Safety Authority Norway (PSA) has given Marathon consent to carry out manned underwater operations on the Volund and Alvheim fields in the North Sea using the vessel DSV Seven Pelican. The consent relates to carrying out manned underwater operations (MUO) in 2010 and includes well work on Volund and Alvheim, and also necessary [...]
