The potential size of Karoon Gas Australia Ltd’s Bilby-1 oil discovery offshore Brazil has been expanded with a proven oil column of 320 metres. This has been confirmed by pressure information and physical sampling of oil from the reservoirs. total of seven oil samples have now been recovered to the surface, with one opened for early oil quality [...]
Flexlife, a specialist provider of flexible pipe integrity and engineering services, is expanding into new premises in Houston and targeting US work with a value of nearly £2million in the next financial year. The company, which currently has three members of staff at its US office, is looking to double its workforce when it expands [...]
On 1 May 2013, Trapoil agreed to acquire an additional 85 per cent working interest in Licence P.1267 (Blocks 12/25a & 13/21b) containing the Surprise and Nutmeg oil discoveries, from Dana Petroleum (E&P) Limited (“Dana”) in accordance with the terms of the joint operating agreement previously entered into by the parties in respect of Licence [...]
Italy’s Eni today announced it has successfully finalized the appraisal campaign of the discoveries in Area 4 in Mozambique with the drilling and testing of Mamba South 3, which is the ninth well drilled in the exploration permit. The well results have exceeded expectations and Eni has updated the estimate of the Mamba Complex and [...]
Seadrill Limited, one of the world’s biggest offshore drilling contractors, has today acquired additional 100 shares of Asia Offshore Drilling Limited . The shares were acquired at price NOK28.70 per share. Following this acquisition, Seadrill will be the owner of 39,739,647 shares in the Company, corresponding to 66.23% of the total number of outstanding shares [...]
Anadarko Petroleum Corporation today announced the discovery of a new natural gas accumulation fully contained within the Offshore Area 1 of the Rovuma Basin of Mozambique. The Orca-1 discovery well encountered approximately 190 net feet (58 meters) of natural gas pay in a Paleocene fan system. “Discovering another large, distinct and separate natural gas accumulation [...]
AMEC, the international engineering and project management company, has been awarded a two-year integrated services contract renewal by BP to provide operations, maintenance and project support to the Forties Pipeline System (FPS) in the North Sea. The contract is valued at between £10 million and £15 million per year, depending on activity levels and is [...]
Northern Petroleum Plc announces the joint venture decision to extend current drilling operations on the Guyane Maritime permit in French Guiana. The GM-ES-3 exploration well is the second well of a four well exploration drilling campaign that commenced in 2012 to follow up the oil discovery at GM-ES-1 in 2011. The GM-ES-2 well had exploration [...]
One of the world’s largest offshore drilling contractors, Seadrill Limited, yesterday acquired additional 14,153 shares of Asia Offshore Drilling Limited (AOD). The shares were acquired at price NOK28.70 per share. Following this acquisition, Seadrill will be the owner of 39,739,547 shares in the Company, corresponding to 66.23% of the total number of outstanding shares in [...]
MEO Australia Limited has executed binding amendments to the NT/P68 Farm-in Agreement (FIA) dated 17th May 2011 to extend the second Heron well notice date to 18th December 2013. This extension allows additional studies to be undertaken, the costs of which will be borne by Eni. The deadline for completion of the second well in the event Eni elects to drill [...]
