STX Europe AS is considering a listing (the “Listing”) of its offshore and specialized vessels division (“OSV”) on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). Prior to the Listing, STX Europe AS will transfer ownership in the entities forming part of OSV to a wholly-owned Singapore subsidiary – STX OSV [...]
September 30, 2010 | Posted in
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Hess Corporation today announced the completion of two transactions that bring Hess’ interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod, to 64.05 percent and 62.5 percent respectively. On Sept. 29, Hess and Shell concluded a strategic trade in which Hess assumed Shell’s 28.09 percent interest in the Valhall field and [...]
OGX Petróleo e Gás Participações S.A. (“OGX”), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that it has identified hydrocarbons indicative of light oil and gas in the Santonian section of well 1-OGX-19A-RJS, located in the BM-S-58 block, in the shallow waters of the Santos Basin. [...]
INPEX CORPORATION announced that through its wholly owned subsidiary, INPEX South Makassar, Ltd. (INPEX), it has been granted the approval of the Indonesian Government to acquire a 15% participating interest in the Sebuku Block from Pearl Oil (Sebuku) Limited* (Pearl Oil). Sebuku Block is located 300km south of the Offshore Mahakam Block, in which we [...]
Seadrill Limited announces today that it has successfully completed issuance of a US$350 million bond in the international market. The senior unsecured bonds have a coupon of 6.5% payable semi-annually in arrears and mature in October 2015. The bonds will be issued and redeemed at 100% of their principal amount. Settlement date is scheduled on [...]
Aker Solutions has been selected to supply further subsea umbilicals for leading US independent oil and gas company Noble Energy Inc. The deal is worth approximately NOK 270 million. This latest order is an exercise of options agreed under the initial NOK 650 million umbilical contract which was announced on 9 April this year. The [...]
Prosafe and Interpetroleum Services Limited have agreed to extend the bareboat contract for use of the semi-submersible accommodation rig Jasminia in the Cantarell field for Pemex in Mexico with 159 days. This is the first of a series of mutually agreeable extensions with a duration of up to six months each. If all extensions are [...]
In accordance with standards set by the Brazil National Petroleum Agency (ANP), regulator of the Brazil oil sector, Anadarko, the operator of Block BM-C-29, reported that it has confirmed the presence of hydrocarbons in the Itauna well in which Ecopetrol is a 50% partner through its affiliate in Brazil. The well was drilled by Seadrill’s [...]
INPEX CORPORATION (INPEX) announced today that it has completed the sale of all of its interests in Offshore Northwest Java Block (*) and Offshore Southeast Sumatra Block (**) to PT Pertamina Hulu Energi, the subsidiary of PT Pertamina, Indonesia. INPEX participated in Offshore Northwest Java Block and Offshore Southeast Sumatra Block in 1986 and these [...]
BP and the Gulf of Mexico Alliance today announced plans for the implementation of BP’s $500 million Gulf of Mexico Research Initiative (GRI) to study the effects of the Deepwater Horizon incident and the potential associated impact on the environment and public health. On May 24, BP announced the overall research program with the commitment [...]
