Balltec has just completed the supply and installation of 16 Permanent Subsea Mooring Connectors (SMC) for the Total Pazflor FPSO. The facility is moored in approximately 3500 feet of water in Angola block 17. The connectors supplied by Balltec can be disconnected at any time during the design life of the facility should the need [...]
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Read More » ![Singapore: Veripos Wins Positioning Contract for Posh Semco Fleet Services]()
VERIPOS, has recently been awarded an exclusive five-year contract by POSH Semco of Singapore, one of Asia’s foremost specialist offshore companies catering for different phases of oil and gas field development. Under the terms of the contract, VERIPOS will provide 19 DP POSH Semco vessels with a combination of proprietary positioning services, including its Ultra [...]
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Read More » ![USA: Exxon’s 2010 Earnings Up 57% from 2009]()
“ExxonMobil continues to deliver strong financial and operating results. The full year 2010 earnings, excluding special items, were $30.5 billion, up 57% from 2009, driven by higher crude oil and natural gas realizations, stronger refining margins and record Chemical performance. Fourth quarter earnings were $9.3 billion, an increase of 53%. “Oil-equivalent production was 19% higher [...]
![USA: Anadarko Delays Production From Caesar/Tonga Due to Riser System Issues]()
Anadarko Petroleum Corporation today announced that a mechanical issue involving the production riser system at the Caesar/Tonga project in the deepwater Gulf of Mexico will delay first production, which was expected in mid-2011. Although the production riser system underwent an extensive qualification program prior to installation, Anadarko’s recent hydro-testing of the riser provided results that [...]
![USA: Atwood Oceanics Orders Ultra-Deepwater Drillship]()
Atwood Oceanics, Inc., a Houston-based international drilling contractor, announced that, Atwood Oceanics Pacific Limited , a wholly-owned subsidiary of Atwood Oceanics, Inc.,on January 28, 2011 executed a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co., Ltd to construct an ultra-deepwater drillship, to be named the Atwood Advantage, at the DSME yard in South [...]
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Read More » ![USA: Marathon Oil Corporation Declares Fourth Quarter 2010 Dividend]()
Marathon Oil Corporation announced today that the Company’s board of directors has declared a dividend of 25 cents per share on Marathon Oil Corporation common stock. The dividend is payable March 10, 2011, to stockholders of record on Feb. 16, 2011. Marathon Oil Corporation is an integrated international energy company engaged in exploration and production; [...]
Global Petroleum has entered into an agreement to acquire Jupiter Petroleum Limited, a UK registered company, which holds prospective … (proactiveinvestors) Source: proactiveinvestors, January 31, 2011;
Maersk Oil, a fully owned subsidiary of A.P. Møller – Mærsk A/S, has agreed to acquire a 15% interest in Block 16 in Angola from Devon Energy for an initial payment of USD 70 million and future contingent considerations. The agreement is subject to closing conditions including government approval. Maersk Oil already operates Block 16, [...]
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Read More » ![AMEC Wins $222 million 3-year Services Contract for All BG Group’s North Sea Upstream Assets]()
AMEC,the international engineering and project management company, has been appointedby BG Group to provide engineering, procurement, construction, commissioningand project management for all of the BG Group facilities in the central NorthSea, including Armada, North Everest and Lomond platforms. This latest three-yearcontract has a value of approximately £140 million(Approximately USD $222 million) . The award follows [...]
![Roc Oil: Activities for Quarter Ended 31 December 2010 (Australia)]()
ROC achieved an average daily production rate of 8,483 BOEPD in 2010, which was within the guidance range of between 8,000-9,000 BOEPD. This result was particularly pleasing given that 35 days of production were lost at Zhao Dong due to severe weather conditions in 1Q 2010 and that oil production from the Basker-Manta-Gummy fields was [...]
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