ABB today reported its first-quarter 2013 results, highlighting revenue growth and improved operational profitability despite a weak business environment. “Given the continued uncertainties in the global economy, this is a satisfactory start to 2013,” said ABB Chief Executive Officer Joe Hogan. “We continued to execute well, successfully balancing solid cost discipline with targeted growth in [...]
SeaBird Exploration Plc will in partnership with GeoPartners Ltd (“GeoPartners”), start a seismic survey project offshore Namibia. The 2D acquisition program is of approximately 4,700km and will be acquired using the survey vessel Osprey Explorer currently in transit to Walvis Bay. The survey will begin within the next few days, with an expected project duration [...]
Gas production has begun from the Rhyl gas field in Morecambe Bay, helping to secure the future of 400 North West jobs and boost energy security for the UK. The Rhyl field, located 39km off the coast of Barrow, was first discovered in 2009 and is wholly owned and operated by Centrica Energy. Gas from [...]
Rig Noble Homer Ferrington arrived in Malta on 10th March 2013 to carry out its routine maintenance interventions. The rig started its voyage from Haifa, Israel on 26th February and was towed to Malta by the AHTS VOS ATLANTIS, with AHTS VOS Challenger standing by, up to the pilot’s station 1.5 nautical miles south east [...]
April 1, 2013 | Posted in
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At 06:00 hours (WST) today, Karoon advises that the drilling assembly at Zephyros-1 well, offshore W. Australia, is being pulled out of the hole in preparation to commence coring operations after intersecting the primary reservoir objective. The well intersected a sandstone interval characterized by a ROP (Rate of Penetration) increase, sandy drill cuttings and an [...]
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has announced that operations have commenced on the Scotney (Lence P.1658, Block 20/5b) exploration prospect. Tweedsmuir sands as the reservoir objective and best estimate gross prospective resources for the entire prospect of [...]
Sterling Resources Ltd. has announced the results of production testing from the initial three wells completed as part of the on-going Breagh Development in the UK sector of the North Sea. In summary, all well results fall within the range of expected outcomes from the reservoir simulation model. Once normalized to reflect the expected sales [...]
Russian President Vladimir Putin marked the start of the South Stream Project on Friday, December 7, through a symbolic welding ceremony during celebrations near Anapa, on the Russian coast of the Black Sea. The event, named “South Stream – Welding the Partnership”, celebrates the Russian-European cooperation that forms the foundation of the Project and marks [...]
MEO Australia Limited provides the following update in relation to Sainampueng-1 being drilled in the Gulf of Thailand G2/48 Concession by Pearl Oil Offshore Limited. Since the last report Sainampueng-1 was drilled from 2,237mMDRT to 2,323mMDRT when the well suffered a significant loss of mud circulation. As a result, an early TD (total depth) has [...]
December 6, 2012 | Posted in
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Statoil and partners have started up production on the Visund South oil and gas field in the North Sea. Visund South is the first of Statoil’s fast-track portfolio projects. “This is a milestone,” says Hogne Pedersen, head of field development on Visund South. “We’ve managed to carry out this project in accordance with our planning [...]
