![Norway: Siem Offshore Announces Contract Extension for MRSV]()
Marine Platforms Limited (“MPL”) and Siem Offshore have agreed to extend the initial interim period for the MRSV (Multi Role Support Vessel) Siem Marlin by an additional firm period of one year until April 2012. MPL has options to extend the charter by 2 + 1 year. The Vessel provides services for a subsidiary of [...]
January 27, 2011 | Posted in
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Read More » ![Norway: Det Norske CFO Wins NPF Award]()
Erik Haugane, CFO og Det norske, has been awarded one of the oil industry’s highest awards, the NPF award. The award is a recognition of the effort made, and a stimulus for further work. The jury’s arguments for giving Haugane the price is that he is “one of few leaders of a Norwegian oil company [...]
![Russia: Rosneft and BP Form Global and Arctic Strategic Alliance]()
BP and Rosneft announced that they have agreed a groundbreaking strategic global alliance. Rosneft and BP have agreed to explore and develop three license blocks – EPNZ 1,2,3 – on the Russian Arctic continental shelf. These licences were awarded to Rosneft in 2010 and cover approximately 125,000 square kilometres in a highly prospective area of [...]
January 16, 2011 | Posted in
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Read More » ![Norway: Bergen Oilfield Services Wins North Sea 3D Acquisition Contract]()
Bergen Oilfield Services AS (BOS) is delighted to announce that we have signed a contract with LOTOS Exploration and Production Norge AS, acting as Operator on behalf of the License Group in PL 503, of a 1563 sqkm acquisition program of 3D Seismic Data in the area of PL 503 in the southern part of [...]
December 30, 2010 | Posted in
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Read More » ![Azerbaijan: BP Restarts Oil Production from Chirag Field]()
BP, the operator of the Azeri-Chirag-Guneshli block of fields in the Azerbaijani sector of the Caspian Sea has resumed producing light oil… Source: Trend.az Source: Trend.az, December 21, 2010; image:BP
![Fabio de Oliveira Barbosa joins BG Group as CFO]()
BG Group today announced that Ashley Almanza will stand down from the Board and leave his role as Chief Financial Officer on 31 March 2011. This follows an earlier indication from Mr Almanza of his desire to leave BG Group within the next two years. After 31 March 2011, Mr Almanza will continue to [...]
![Cyprus: Prosafe Strengthens Corporate Management Team]()
Prosafe is implementing two organisational changes to strengthen the corporate management team. Sven Børre Larsen has been appointed as Chief Financial Officer, and will join the company on 1 January 2011. Sven Børre Larsen (born 1976) was most recently CFO of Prosafe Production Pte Ltd, and has prior to that been a financial analyst [...]
![UK: Valiant Petroleum Announces Completion of US$335 million Debt Financing]()
Valiant Petroleum plc to announce that it has completed the refinancing of its existing senior and subordinated debt facilities into a five-year, US$335 million Senior Secured Borrowing Base Facility (the “Facility”) after receiving credit approved commitments in excess of US$400 million. The transaction was led by BNP Paribas and Lloyds Banking Group and included [...]
![Russia: Gazprom After Arctic Offshore Assets]()
Russia’s fifth biggest oil company, Gazprom Neft, is preparing bids for four big fields in the Pechora Sea and the Kara Sea, the company … By Atle Staalesen /TheBarentsObserver/ Source: Barentsobserver, December 6, 2010;Image:Gazprom
![Norway: Det norske Finds Indications of Gas in the Stirby Deep Prospect]()
Det norske oljeselskap ASA has as operator in PL 341, found indications of gas in the Stirby Deep prospect in the Viking Graben in the North Sea, 75 km south of Sleipner. The well data indicates gas/gas condensate under high pressure in a 70 meters thick sandstone with low porosity at 4870 meters below seabed. [...]
