Loyz Energy Limited (Loyz Energy or the Group), the Singapore-based upstream energy group has expanded its concession portfolio with a newly awarded petroleum service contract for Area 14, located off the shores of the Philippines. Area 14, a 9,839 km2 block is one of 15 blocks, offered by the country’s Department of Energy for the [...]
Danish oil giant, Maersk Oil has been awarded seven licences offshore Norway in the APA Licencing Round, strengthening its position around the large Avaldsnes discovery and other Maersk-oil operated licence areas. “The award of new licences significantly adds to our exploration portfolio and represents another step towards building material business in Norway, a country that [...]
Niko Resources Ltd. has been awarded two new Production Sharing Contracts (“PSCs”) in Indonesia. The Company now has interests in 20 Indonesian PSCs including 13 in its West Papua portfolio. As shown in above, the 8,217 Km2 SE Seram offshore block is adjacent to Niko’s Seram, East Bula and Kumawa blocks and also borders a [...]
December 20, 2011 | Posted in
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Alpine Ocean Seismic Survey, the U.S. subsidiary of UK-based Gardline Group, has bolstered its marine data collection offerings with the addition of geotechnical services. Working in conjunction with Gardline Geosciences, a leading global provider of geotechnical services, Alpine is adding a significant new tool to its already impressive suite of services designed to deliver one-stop [...]
December 14, 2011 | Posted in
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![Norway: Spectrum Acquires 2D Marine Multi-Client Library from CGGVeritas. Doubles it Portfolio]()
Spectrum has completed the purchase of the Marine 2D Multi-Client library of CGGVeritas effectively doubling their Multi-Client portfolio. This conclusion follows endorsement by the Board Members and shareholders of both companies and the completion of a US$40 million transaction. The combined size of Spectrum’s library now exceeds 1.1 million kilometres of 2D Multi-Client seismic making [...]
![Statoil Increases its Indonesia Portfolio]()
Statoil will acquire a 40% equity interest in a North Makassar Strait Production Sharing Contract (PSC) and a similar interest in two additional offshore PSCs (West Papua IV and Halmahera-Kofiau). The three production sharing contracts (PSC) will be operated by Niko Resources Ltd. Gven exploration success, Statoil has the option to become the operator [...]
![USA: GE Continues Expansion of $40 Billion Energy Technology Portfolio With Acquisition of Dresser, Inc.]()
GE announced that it has signed a contract to acquire Dresser, Inc., a global energy infrastructure technology and service provider. The $3 billion deal is the latest in a series of acquisitions over the last 10 years that has helped grow GE’s energy business and deliver record profitability. The addition of Dresser’s portfolio, which includes [...]
