China’s state-controlled oil company CNOOC Limited announced today that it has completed its acquisition of Canada’s oil company Nexen Inc. . Total consideration of approximately US$15.1 billion has been paid for Nexen’s common and preferred shares. Wang Yilin, Chairman of CNOOC Limited said, “The Company is delighted to acquire a leading international platform through the [...]
Norway’s Statoil today announced fourth quarter 2012 net operating income of NOK 45.8 billion. In 2012, net operating income was NOK 206.6 billion. According to Reuters, the numbers beat market expectations. “2012 was a year of strong strategic and operational progress for Statoil. We grew our production by 8% in 2012, in line with the [...]
Antrim Energy, an exploration and production company with interests offshore in the UK North Sea, Ireland and Tanzania, today provided an operational update on its Causeway field operations. Rig operations are currently underway to complete the water injector for the Causeway Field in licence P1383 Block 211/23d (Antrim 35.5% interest). The operations, on the previously [...]
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Singapore’s largest offshore rig builder, Keppel Corporation, has announced that in 2013 it will be completing a record of 22 newbuild units. The company says it aims to deliver the newbuilds on time, on budget and safely to their customers. For the whole of 2012, Keppel Offshore & Marine secured S$10 billion in contracts from [...]
MPX North Sea Limited announces that the Transocean John Shaw semi-submersible drilling rig has arrived on location to complete the drilling of the Timon prospect located in the UK Northern North Sea in Blocks 211/11b and 211/16b. The 211/11b-7 well was originally spudded in May 2012 before being suspended due to operational problems with the [...]
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Suncor is about to complete drilling of exploration well 30/11c on the Romeo prospect in license P1666 in the UK North Sea. The well is being drilled by the Awilco WilHunter rig. The well has encountered oil at three different stratigraphic levels within the Jurassic and Triassic comprising in aggregate an oil column of some 60 [...]
Reef Subsea today announced that its subsidiary company, Reef Subsea Power and Umbilical Ltd., with offices in Stockton-on-Tees and Aberdeen, has successfully completed a series of offshore trials on its recently launched Q1000 subsea trenching ROV. The capabilities of both the trencher and its Launch & Recovery System (LARS) have been tested rigorously to prove [...]
November 12, 2012 | Posted in
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Rockhopper, the North Falkland Basin oil and gas exploration company, has announced the completion of the farm-out agreement with Premier Oil plc. Premier has agreed to pay Rockhopper an upfront cash consideration of US$231 million, payable on completion of the transaction. Furthermore, Premier will, subject to field development plan approval, provide $722 million. Upon receipt [...]
October 19, 2012 | Posted in
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Serica Energy plc announces that it has completed the acquisition of 4,180 square kilometres of 3D seismic data in its Luderitz Basin Blocks, offshore Namibia. The survey, conducted by Serica on behalf of its partners in the Licence, BP, NAMCOR and IEPL, commenced on 10 May and took four and a half months to complete. [...]
SBM Offshore, a Dutch based provider of systems and services to the global offshore oil and gas industry in its half-yearly report said that it has been working to complete works on the Yme platform “as soon as possible.” The company couldn’t specify the exact date of the completion of the works on the platform [...]
