Eni, together with Vitol, signed a Memorandum of Understanding (MoU) with the Government of Ghana, represented by the Minister of Energy, and Ghana National Petroleum Corporation (GNPC) for the development and commercialization of discovered gas resources in the Offshore Cape Three Points (OCTP) Block located in the Tano Basin of Ghana. The OCTP Block is [...]
![Australia: GE Oil & Gas Lands Prelude FLNG Gig]()
GE Oil & Gas has entered into an agreement with Technip to supply two steam turbine-driven compressors for the Shell Prelude Floating Liquefied Natural Gas (FLNG) project. The facility, which is to be based offshore Australia, will be the largest floating offshore facility in the world. Technip and Samsung Heavy Industries (SHI) formed a consortium [...]
September 20, 2011 | Posted in
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![Spain: Repsol Rated as “Gold Class” Company 4th Year in a Row]()
Repsol has been rated as a “Gold Class” company for the fourth consecutive year, in the “Sustainability Yearbook 2011″ complied by PricewaterhouseCoopers together with Sustainable Asset Management (SAM), an independent company that produces the annual assessments for the Dow Jones Sustainability Index. The Sustainability Yearbook assesses companies all over the world on their performance in [...]
![Australia: Octanex Provides Update on Gawain-1 Prospect Drilling]()
Octanex N.L. has been advised by Eni Australia Limited, the Operator of the Gawain-1 well located in the outer Exmouth Plateau permit, WA-362-P, that at 24:00 hours WST (Western Standard Time) on Sunday, 13 March 2011, the well was at a depth of 3,208m MDRT and drilling ahead in the 121/4″ hole. Since the [...]
March 14, 2011 | Posted in
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![Fortune Magazine Recognises Husky Energy as One of the World’s Most Admired Companies (Canada)]()
Husky Energy has been named one of the World’s Most Admired Companies in the mining and crude oil production industry segment in an annual ranking published by Fortune Magazine. Husky was ranked No. 8 overall in its industry, receiving high marks in such categories as Social Responsibility, Quality of Management, Use of Corporate Assets, [...]
![Statoil Drills Important Delienation Wells in Norwegian North Sea]()
Results from two wells drilled by Statoil in association with the Dagny and Ermintrude discoveries in the North Sea will be important in choosing a development concept and further planning. An exploration well on the Dougal prospect found only traces of hydrocarbons in the Hugin formation, and has been classified as dry. However, a [...]
![Russia: Gazprom, Lukoil Sign Gas Supply Agreement]()
On Friday (March 4) at the Gazprom headquarters Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL signed an Agreement on Gas Supply from the Bolshekhetskaya Depression and the Northern Caspian Sea. Pursuant to the Agreement, LUKOIL will supply Gazprom with natural gas from the Bolshekhetskaya Depression fields between [...]
![Norway: DNV to Launch Technical Guidance on Offshore Gas Terminals]()
Rising demand for floating offshore gas terminals has resulted in the development of new technologies and specialised units, leading to a number of innovative design concepts. Based on DNV’s extensive experience in this segment, the company has prepared a detailed design and construction guidance, scheduled to be released shortly. According to Conn Fagan, DNV’s [...]
![Ithaca Completes Water Injection Well Drilling for Athena Field Development]()
Ithaca Energy Inc. announces that it has successfully completed the drilling of a water injection well for the Athena field development. Well 14/18b-A1 (“the well”) intersected 325 feet (on a true vertical basis) of net reservoir, exceeding the net reservoir requirements for water injection to support initial gross production from the field at ~22,000 [...]
![UK: Ensco Announces 4Q 2010 Results]()
Ensco plc reported diluted earnings per share from continuing operations of $0.90 for fourth quarter 2010, compared to $1.40 per share in fourth quarter 2009. Earnings from discontinued operations were $0.03 per share in the fourth quarter, compared to $0.06 per share a year ago. Diluted earnings per share were $0.93 in fourth quarter [...]
