IPB Petroleum Limited “IPB” announces that the Commonwealth-Western Australia-Offshore Petroleum Joint Authority granted to IPM West Pty Ltd (a wholly owned subsidiary of IPB Petroleum Limited) a 100% interest in Petroleum Exploration Permit WA-485-P for a period of 6 years, commencing 14 May 2013. Rationale WA-485-P adds to IPB’s growing strategic position, now totaling around [...]
May 21, 2013 | Posted in
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The Board of Directors of PA Resources has decided with immediate effect to appoint Board member Philippe R Probst as the company’s CEO. Bo Askvik is thereby leaving his position as CEO but will be available to the company for a number of months. Philippe R Probst will be CEO during an interim period and [...]
PEM Offshore Limited has signed a multi-million dollar contract with Kongsberg Maritime for the supply of a full suite of Offshore Anchor Handling, Dynamic Positioning, Power Management and Crane Simulation systems. The new simulators will form the main infrastructure for a world-class offshore simulation training centre and the first of its kind in Nigeria and [...]
Talisman Energy Norge AS (Talisman) has received consent to drill exploration well 2/1-16 S with the Mærsk Giant jack-up rig. Talisman is the operator of production licence 299 in block 2/1 in the North Sea off Norway. The consent relates to drilling of exploration well 2/1-16 S in a prospect called Frode. The rig was [...]
Statoil Petroleum AS (Statoil) has received consent to carry out exploration drilling of well 16/2-17 B at the Johan Sverdrup field in the Norwegian par of the North Sea, using the Ocean Vanguard semi-submersible drilling rig. In February 2013, Statoil received consent to drill appraisal well 16/2-17 S at the Johan Sverdrup field in the [...]
BMT Scientific Marine Services (BMT), a subsidiary of BMT Group Ltd, announced that Andy Brown has been appointed as Vice President of Business Development. Brown has worked in the offshore oil and gas sector for over 25 years and has wide ranging experience in business development, marketing, commercial documentation, project management, cost control, corporate finances [...]
Statoil has received consent to use the Scarabeo 5 mobile drilling facility for drilling and completion in connection with production drilling on Visund Sør field in the North Sea, offshore Norway. The consent relates to drilling and completion of wells 34/8-V-1 H and 34/8-V-2 which are part of production licence 120. The drilling is scheduled [...]
Gazprom Neft signed a USD 1 billion term and revolving loan agreement with a group of banks. Funds available under the agreement are provided on an unsecured basis and shall be used for general corporate purposes of the company. The agreement comprises two loan facilities being an amortizing USD 700 million term loan facility with [...]
Iona Energy Inc. yesterday that the Department of Energy and Climate Change (“DECC”) in UK has advised the Orlando joint venture partners that it has approved the Orlando Field Development Plan (“FDP”) submitted by the partners. The Orlando Field is owned by Iona (Operator 75%) and Volantis Exploration (25%). Further, DECC has approved Iona’s application [...]
The Brazilian National Agency of Petroleum, Natural Gas (ANP) has given a green light to Chevron to resume oil production from Frade field, offshore Brazil, Reuters has reported. The production has been shut since November 2011, when the authorities ordered the U.S.-based oil company to halt all of its Brazilian operations due to an oil [...]
