Offshore News: Technip and MMHE confirm their support to PETRONAS for the development of Block SK316
Posted by jamesmc on Monday, October 07, 2013 @ 05:40:13 GMT (674 reads)
Technip and MMHE confirm their support to PETRONAS for the development of Block SK316
Technip, in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE)(1), has received confirmation from PETRONAS Carigali for a substantial(2) engineering, procurement, construction, installation and commissioning (EPCIC) contract for the development of two gas fields in Block SK316. Those fields are located approximately 180 kilometers North of Bintulu, Sarawak, at a water depth of 104 meters.
Oil & Gas Discovery: RIL-BP Announce New Deepwater Gas Condensate Discovery in Cauvery Basin
Posted by ginamc on Monday, August 26, 2013 @ 07:00:00 GMT (434 reads)
Reliance Industries Limited (RIL) and BP announced a new gas condensate discovery off the east coast of India in the Cauvery basin.
The discovery, in the deepwater block CY-DWN-2001/2 (CYD5), is situated 62 kilometres from the coast in the Cauvery Basin and is the second gas discovery in the block. RIL is the operator with 70% equity and BP has a 30% share. Well CYIII-D5-S1 was drilled in a water depth of 1,743 metres, to a total depth of 5,731 metres, with the primary objective of exploring Mesozoic-aged reservoirs.
Offshore News: BP and CNOOC Sign Agreement for Third Deepwater Block In The South China Sea
Posted by ginamc on Tuesday, July 23, 2013 @ 07:05:00 GMT (389 reads)
BP and CNOOC today signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin, South China Sea. The block covers 4,586 square kilometres in water depths from 370 to 2,300 metres, and is close to BP’s existing deepwater interests in Blocks 43/11 and 42/05.
Offshore News: Ivoire-1X Exploration Well on Block CI-100 Encountered a Horizon with High-Quali
Posted by ginamc on Thursday, May 09, 2013 @ 07:05:00 GMT (294 reads)
Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35 API oil.
Offshore News: Hundreds of Millions of Pounds of Tax Revenues to Flow from Mariner, says Oil &
Posted by ginamc on Thursday, February 28, 2013 @ 07:15:00 GMT (688 reads)
Welcoming the Department of Energy and Climate Change’s (DECC) approval to develop the Mariner heavy oilfield, Mike Tholen, Oil & Gas UK’s economics director, said: “We are delighted that the Government has approved this £4.3 billion investment in the UK’s oil reserves.
Offshore News: Total has Received a Firm Offer From Borealis for its Majority Interest in Belgi
Posted by ginamc on Monday, February 18, 2013 @ 07:00:00 GMT (612 reads)
Total has received a firm offer from Borealis for its entire 56.86% interest in Belgium’s Rosier S.A., listed on NYSE Euronext Brussels. A leading international provider of chemical solutions, Borealis is already active in nitrogen fertilizers in Central Europe, as well as in France following its acquisition of PEC-Rhin S.A. in early 2012. Borealis has offered €200 per share for Total’s majority interest.
Offshore News: Oil & Gas UK Welcomes EnQuest’s £169 million Investment in Thistle
Posted by ginamc on Monday, February 11, 2013 @ 07:00:00 GMT (588 reads)
Mike Tholen, Oil & Gas UK's economics and commercial director, said: "Oil & Gas UK is pleased that the tax change made recently by the Government to promote further new investment in the UK's existing oil and gas fields continues to deliver real benefits to the national economy.
Offshore News: Gunmen Ambush Oil Industry Barge in Nigeria’s Delta, Killing 3
Posted by jamesmc on Saturday, February 09, 2013 @ 05:39:05 GMT (497 reads)
YENAGOA (Reuters) – Gunmen ambushed an Indian-owned oil barge on Tuesday as it was being escorted by the military through Nigeria’s Niger Delta region, killing two soldiers and one crew member on the ship, a security forces spokesman said.
The ship belonging to Sterling Global Oil Resources, part of the Sandesara Group conglomerate, was fired on in the Angiama area of the delta, according to Onyema Nwachukwu, spokesman for mixed military and police brigades in the Niger Delta region.
Offshore News: The Need For Wind Farm Construction Vessels Is Growing Rapidly
Posted by ginamc on Friday, January 18, 2013 @ 07:25:00 GMT (652 reads)
2013 marks the start of a period of rapid growth in the windfarm construction vessel market and it coincides with new operational demands that require careful consideration, particularly in the design of jack-up systems. DNV highlights the need for owners and yards to consider both class and flag state requirements when evaluating limited operation designs.
Oil & Gas Discovery: BP Begins Production From Skarv Field, Norway
Posted by jamesmc on Wednesday, January 02, 2013 @ 07:39:58 GMT (375 reads)
BP and partners today announced the successful start of production from the Skarv field in the Norwegian Sea, one of a series of new major upstream projects that BP brought into production in 2012. Production started on 31 December, 2012
BP Trinidad & Tobago (bpTT) today announced that it has discovered an estimated 1 trillion cubic feet (tcf) of gas offshore Trinidad, doubling the estimated gas in place of the Savonette gas field, to 2tcf.
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