The European Investment Bank (EIB) will finance Repsol’s research and development plan (R&D) with 200 million euros. The agreement between the European institution and the company was signed this morning at Repsol’s headquarters. The EIB Vice-President, Magdalena Alvarez and Repsol’s Chairman, Antonio Brufau, signed an agreement by which the EIB will finance a number of projects of the Repsol research [...]
Indonesian government today, May 17, launched a licensing round for 21 oil and gas exploration blocks, in an effort to improve chances of increasing the production of oil and natural gas nationwide. The authorities have classed 19 blocks as conventional and two as unconventional areas. Of the blocks offered, 17 are located in offshore areas, mainly in [...]
Focal Marine & Offshore, a Singapore / Shanghai based OSV designer, has received a significant order for their 78m PSV (FOCAL 522) design, for up to 10 ships which are to be built in Xiamen Shipbuilding Industries in China. FOCAL 522 PSV design is with 4,000 ton deadweight, 800 m2 deck cargo area, complement of [...]
Celtic Design Consultants are to exhibit at All Energy 2013 event in Aberdeen. They will be showing their innovative multi purpose jack up design. A working model of the design, named CDC Heron, and described as the ultimate offshore maintenance & intervention vessel for Oil & Gas and Renewables, will be on the stand, A57. According [...]
Black Elk Energy Offshore Operations, LLC an independent oil and gas company headquartered in Houston, announced has the successful completion of 3 wells to kick-off their 2013 drilling program in the Gulf of Mexico. The 2013 drilling program will begin monetizing the companies “proved undeveloped reserve” inventory. The completion of these 3 wells marks the [...]
Denmark’s offshore drilling contractor Maersk Drilling made a profit of USD 146m in the first quarter of 2013, an increase from USD 123m earned in the same period of 2012. The increase in profit was mainly due to general higher operational uptime in Q1 2013. All of Maersk Drilling’s 16 jack-ups and floaters, the 10 drilling barges [...]
The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller Chairman of the Management Committee and Henning Voscherau, Chairman of South Stream Transport Board of Directors. The meeting participants discussed topics of the South Stream gas pipeline offshore section realization. In particular, the parties considered the current activities status and the procedures schedule stipulating the gas pipeline commissioning in the year 2015. Background For the [...]
Lamprell, a provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, has issued its latest Interim Management Statement in accordance with the EU Transparency Directive. This statement covers the period from 1 January 2013 to date. The company has said that the performance in the [...]
Hess Corporation, a New York-based oil and gas exploration firm, has announced that it has reached an agreement with Elliott Management to resolve its proxy contest. Under the terms of the agreement, Elliott will withdraw its slate of five director nominees and support the election of Hess’ five new directors: John Krenicki Jr., Fredric Reynolds, [...]
Brazil’s state run oil and gas company Petrobras has acquired the most blocks offered in the 11th Bid Round held by the National Petroleum Agency (ANP). Petrobras bought, whether on its own or in partnerships, 34 of the 289 blocks offered in the bid. It also secured, in its technicians’ opinions, the blocks with the [...]
