Four wells are onstream under a new phase of development drilling on the Bualuang oil field in the Gulf of Thailand, according to operator Salamander Energy.
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.
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.
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.
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.
Oceanteam Shipping ASA announced today that it has taken up one of its options and ordered a new, OTS design, 2000t modular carousel system, which will be delivered in April 2013.
BP today announced the successful start-up of oil production from new facilities at the Valhall field in the southern part of the Norwegian North Sea. Production started on 26 January.
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.