Buccaneer Energy Limited has executed a Purchase and Sale Agreement for the acquisition of the two main productive leases in the former Cosmopolitan Unit (“Cosmo”) from Pioneer Natural Resources Alaska, Inc. Cosmo is an undeveloped oil and gas field located in 50 feet of water in the Cook Inlet of Alaska and is in close [...]
February 2, 2012 | Posted in
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Wärtsilä, a global leader in complete lifecycle power solutions for the marine and energy markets, today announced that the Scheme of Arrangement with regards to the acquisition of Hamworthy has become effective and the control of Hamworthy has been transferred to Wärtsilä as of today, 31 January 2012. The associated Reduction of Capital was confirmed at [...]
January 31, 2012 | Posted in
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Rialto Energy Limited reports that a block‐wide, full‐fold 3D seismic survey covering 891km2 has been completed over Block CI‐202 (Rialto 85% and Operator) with Dubai-based contractor Polarcus DMCC. Processing and interpretation of the newly acquired data will commence shortly and will provide Rialto with a full suite of 3D data over the entirety of Block [...]
January 19, 2012 | Posted in
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Norwegian Energy Company (Noreco) has been awarded eight new licences in the 2011 Awards in Predefined Areas (APA) in Norway. “We are very pleased with these awards, which demonstrate the strong competence in the Noreco team,” says Lars Fosvold, Vice President Exploration. “Noreco is one of the most active explorers in Norway, and these awards [...]
African Petroleum Corporation Limited, an oil and gas company focused on exploration in West Africa region, has entered into an agreement with PETROCI and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI-513 (“Permit”). The block is located in the Western Offshore area of Côte d’Ivoire, with a total surface [...]
January 11, 2012 | Posted in
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NZOG (New Zealand Oil & Gas Ltd) has executed an agreement to take a 40% stake in a Tunisian concession that contains an oil field which could be brought into production as early as 2014. The Cosmos Concession in the Gulf of Hammamet, offshore Tunisia, contains the Cosmos South oil discovery. The concession was held [...]
December 14, 2011 | Posted in
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Dresser-Rand Group Inc. , a global supplier of rotating equipment and aftermarket parts and services, has signed a definitive agreement to acquire Synchrony, Inc. The transaction is expected to close in January 2012. Synchrony is a technology development company with a portfolio of world-class technologies and products including active magnetic bearings (AMB), high speed motors [...]
The Parkmead Group plc yesterday completed an agreement with XTO UK Ltd., a subsidiary of Exxon Mobil Corporation, to buy a 15% interest in Blocks 48/1a, 47/5b and 48/1c in the UK Southern North Sea. These blocks contain the Platypus gas field and the Possum gas prospect. This acquisition marks an important step in Parkmead’s [...]
November 17, 2011 | Posted in
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Buccaneer Energy Limited announced today that its 50 percent owned subsidiary Kenai Offshore Ventures, LLC (“KOV”) has overnight in London completed the acquisition of the GSF Adriatic XI offshore jack-up rig from Transocean Offshore Resources Limited for the total purchase price of US$68.5 million The rig is of Marathon LeTourneau 116-C design and was built in [...]
ION Geophysical Corporation today announced that it has acquired an additional 5,200 km of regional seismic data from offshore Northeast Greenland, bringing the total kilometers the company has acquired in the region over the last two seasons to nearly 18,000. The Arctic is one of the least explored, most prospective regions in the world, containing [...]
October 31, 2011 | Posted in
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