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 [...]
Songa Offshore SE, a Cyprius-headquartered offshore drilling contractor, has today reported operating revenue for the first quarter 2013 of USD 124.8 million, and a profit of USD 9,4 million. “The results show that we have now definitely put a challenging period behind us. I am proud and happy to hand Songa over to a new [...]
Norway’s Det norske oljeselskap ASA has come to an agreement with Total E&P Norge AS with regards to transfer of participating interests in three licenses. In the Barents Sea, Det norske assigns ten per cent of license 535, which contain the Norvarg discovery, to Total. After the transaction Det norske holds ten per cent share [...]
The award of new licences is vital for effective, long-term resource management, says Minister of Petroleum and Energy Ola Borten Moe.
Songa Offshore SE reports operating revenue for the third quarter 2012 of USD 145.4 million with a total loss of USD 108.4 million, following an impairment loss of USD 116.8 million due to the sale of the ultra deep water rig Songa Eclipse. EBITDA for the quarter was USD 56.8 million. “Our ambition is to [...]
LGO today announces the sale of its minority interest in the offshore frontier Malta, Area 4 Petroleum Sharing Contract (PSC).
August 1, 2012 | Posted in
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Hardy Oil and Gas plc, an upstream oil and gas company focused on India, announces that on 23 April 2012 the Company agreed to relinquish the KG-DWN-2001/1 (D9) exploration licence. On 23 April 2012, the Company received a proposal from Reliance Industries Limited, the operator of Hardy’s D9 block, in which the Company holds a [...]
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Dragon Oil plc, an international oil and gas exploration, development and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/164 development well, offshore Turkmenistan. The well was drilled to a depth of 1,865 metres and completed as a single producer by the NIS rig. The well tested for initial production at [...]
December 16, 2011 | Posted in
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During the period 2007 to 2009, the Norwegian Petroleum Directorate (NPD) acquired 2D and 3D seismic data off Lofoten, Vesterålen and Senja (Nordland VII and Troms II). Some lines also extend into Nordland VI. The seismic data is being sold as one data package. The package consists of data from five different surveys. The price [...]
December 8, 2011 | Posted in
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![German Heavy Lift Specialist SAL Puts MV ‘Lone’ Vessel into Service]()
SAL Schiffahrtskontor Altes Land puts ‘Lone’ into service .She perfectly resembles her sister, is just as strong and can be positioned to maximum precision. Just three months after the German-based heavy-lift shipping company has sent the MV ‘Svenja’ – the world’s largest heavy-lift vessel – on its maiden voyage, the company’s fleet has now been [...]
