Transocean Ltd., one of the world’s largest offshore drilling contractors, today announced that J. Michael Talbert has advised the Board of Directors that, if re-elected at the company’s upcoming Annual General Meeting (“AGM”) on May 17, he will retire from the Board no later than the company’s 2014 AGM. To facilitate an orderly transition of [...]
ConocoPhillips yesterday announced it will put its 2014 Alaska Chukchi Sea exploration drilling plans on hold given the uncertainties of evolving federal regulatory requirements and operational permitting standards. The company has determined it would not be prudent at this time to make the significant monetary commitments needed to preserve the option to drill in 2014. “While we are [...]
Two Greenpeace activists wearing polar bear costumes have climbed aboard the West Hercules semi-submersible drilling rig at Westcon Shipyard in Ølensvåg, Norway. “I got news from my friends and colleagues home in Norway that they took action today at the Statoil oil rig, West Hercules, that is about to set out to drill for oil [...]
Statoil has awarded the contract for drilling services on the Mariner platform on the UK continental shelf to UK based Odfjell Drilling. “Mariner is the largest new offshore development in the UK in more than a decade. Over its lifetime the project will generate jobs and substantial ripple effects for UK and the Aberdeen region. [...]
The Norwegian Petroleum Directorate has granted Total E&P Norge AS a drilling permit for well 7225/3-2, located in the Norwegian Sector of the Barents Sea. Total will use the Leiv Eiriksson semi-submersible drilling rig, built in 2001, for operation at the well which is a part of production licence 535. This will be the second exploration well [...]
Atlantic Petroleum’s fully owned Norwegian subsidiary Atlantic Petroleum Norge AS has entered into a NOK 300MM bank credit facility with DnB to finance the Company’s growth plans in Norway. The 3 year facility is put in place to finance Atlantic Petroleum’s planned Norwegian exploration and appraisal programme. Under the terms of the credit facility, approx. [...]
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The UK government’s Department of Energy and Climate Change (DECC) today announced their approval of the Field Development Plan (FDP) put forward by Statoil and its co-venturers for the Mariner heavy oil field. The project entails investments of more than USD 7 billion and is the largest new offshore development in the UK in more [...]
In the following video, Shell explains its Arctic oil spill response contingency plans. This animation shows the plan in action for the worst case discharge scenario in the Beaufort Sea. The video was published on December 5th 2012, only a few weeks before the incident with the Kulluk drilling vessel occurred off the coast of Alaska, [...]
Wood Group PSN’s (WGPSN) new chief executive, Robin Watson has outlined his ambitions for Wood Group’s largest operating division. Watson (45), who served as the UK managing director of WGPSN for the last two years, has assumed his position as WGPSN chief executive, succeeding Bob Keiller, now CEO of Wood Group. He also joined the [...]
Brazil’s state controlled oil company Petrobras, has cancelled the process of contracting five drilling rigs, capable of drilling in up to 3,000 meters of water, with the Ocean Rig Group. The company said the decision was based on the reduction of future needs for drilling, due to a fewer number of wells expected to be [...]
