Social Responsibility - Offshore Technology

North Energy Receives Barents Sea Licences

cmsadmin — Wed, 23 Feb 2011 18:30:00 +0000

North Energy has been awarded two licences in the Barents Sea. In the 2010 Awards in Predefined Areas (APA), the firm won one North Sea licence and two Norwegian Sea licences, bringing the firm's total to 19. According to portfolio manager Vigdis Wiik Jacobsen, activity in t

The post North Energy Receives Barents Sea Licences appeared first on Offshore Technology.

Aker Orders DSME Ultra-Deepwater Drillships

cmsadmin — Wed, 23 Feb 2011 18:30:00 +0000

Aker Drilling has confirmed an order for two ultra-deepwater drillships from DSME for $600m. The EPC contract includes project management, loose drilling equipment, spares and operation preparations. The two vessels will be delivered to Aker in October this year and December 2

The post Aker Orders DSME Ultra-Deepwater Drillships appeared first on Offshore Technology.

Maersk Finds Oil in Carambola B

cmsadmin — Wed, 23 Feb 2011 18:30:00 +0000

Maersk Oil Brasil and OGX have discovered oil in an ongoing Carambola B exploration well situated in the Campos Basin, 80km off the coast of Rio de Janeiro, Brazil. The well is located in the BM-C-37 licence in water depths of 130m. Hydrocarbons were found in the objective Al

The post Maersk Finds Oil in Carambola B appeared first on Offshore Technology.

Oil at $98 On Libyan Protest Concerns

cmsadmin — Wed, 23 Feb 2011 18:30:00 +0000

Oil prices rose to over $98 today, following concerns that the current unrest in Libya may spread to other oil-producing countries in the Middle East and Africa. US crude for April increased by 56¢ to stand at $98.66 per barrel after touching $100 for the first time since October

The post Oil at $98 On Libyan Protest Concerns appeared first on Offshore Technology.

Subsea 7 Signs EPC Contract for Chevron’s Tahiti Phase II

cmsadmin — Thu, 24 Feb 2011 18:30:00 +0000

Subsea 7 has signed an engineering and installation contract with Chevron for the Tahiti Phase II development in the Gulf of Mexico. Under the contract, Subsea will install one 7.5in x 13,000ft flexible riser, one 4in x 4,500ft umbilical, five rigid well jumpers, ten electrical flying l

The post Subsea 7 Signs EPC Contract for Chevron’s Tahiti Phase II appeared first on Offshore Technology.

Technip to Support Statoil’s Gygrid Project

cmsadmin — Thu, 24 Feb 2011 18:30:00 +0000

Technip will provide support services to Statoil for the Gygrid field development in the Norwegian Sea for €90m ($124m). The field is located off the coast of Norway, at a water depth of 265-330m. Under the contract, Technip will provide engineering, procurement, weldin

The post Technip to Support Statoil’s Gygrid Project appeared first on Offshore Technology.

Oil at $97 on Saudi Hopes to Counter Libyan Supply Cuts

cmsadmin — Thu, 24 Feb 2011 18:30:00 +0000

The price of oil dropped to $97 a barrel today, as Saudi Arabia said that it would offset low supplies in Libya. US crude increased by 44¢ to stand at $97.72 after surging as high as $103.41 on Thursday, while Brent crude for April rose by $1.31 to $112.67 a barrel by 12.23 ET, re

The post Oil at $97 on Saudi Hopes to Counter Libyan Supply Cuts appeared first on Offshore Technology.

Chevron to Resume US Deepwater Programme This Year

cmsadmin — Sun, 27 Feb 2011 18:30:00 +0000

Chevron expects to resume its drilling programme in the deepwater Gulf of Mexico before the first half of 2011. Chevron head for exploration and production in North America Gary Luquette told The Wall Street Journal that the company had initially expected the restart by the end o

The post Chevron to Resume US Deepwater Programme This Year appeared first on Offshore Technology.

Lundin Drills Earb South Well in Norwegian North Sea

cmsadmin — Sun, 27 Feb 2011 18:30:00 +0000

Lundin Petroleum has started drilling exploration well 25 / 10-11 on the Earb South prospect in the Norwegian North Sea. The firm plans to target sandstones within the Draupne Formation and the Hugin Formation. The Earb South prospect is expected to hold gross unrisked prospec

The post Lundin Drills Earb South Well in Norwegian North Sea appeared first on Offshore Technology.

Oil at $99 a Barrel on Libyan Supply Cuts

cmsadmin — Sun, 27 Feb 2011 18:30:00 +0000

Oil rose to just over $99 a barrel today as concerns continue about supply falls after Libya reduced its exports. US crude rose by $1.45 to stand at $99.33 a barrel, while Brent crude increased $1.79 to $113.92 a barrel by 12.35 ET, reports Reuters. Protests in Libya have redu

The post Oil at $99 a Barrel on Libyan Supply Cuts appeared first on Offshore Technology.

Norway Receives $11bn Offshore Field Development Plans

cmsadmin — Mon, 28 Feb 2011 18:30:00 +0000

The Norwegian Ministry of Petroleum and Energy has received plans for development and operation (PDO) on the Ekofisk and Eldfisk fields off Norway that expect Nkr65bn ($11.5bn) of investments. Located in the southern part of the North Sea, the fields located are around 300km from the Nor

The post Norway Receives $11bn Offshore Field Development Plans appeared first on Offshore Technology.

Lukoil Consortium to Explore Offshore Romanian Blocks

cmsadmin — Mon, 28 Feb 2011 18:30:00 +0000

A Lukoil Overseas-led consortium is to explore and develop two blocks off Romania under an agreement signed with the National Agency for Mineral Resources of Romania. The Est Rapsodia and Trident blocks are situated in the Romanian sector of the Black Sea, 60km to 100km away from the coas

The post Lukoil Consortium to Explore Offshore Romanian Blocks appeared first on Offshore Technology.

Statoil Signs Drilling Rig Contract with Odfjell

cmsadmin — Mon, 28 Feb 2011 18:30:00 +0000

Statoil and Odfjell Drilling have signed a contract for Deepsea Bergen that will be valid from June 2012. In October 2010, the two firms signed a letter of intent to use the Deepsea Bergen rig for development drilling on the Norwegian Continental Shelf (NCS). Statoil will decide

The post Statoil Signs Drilling Rig Contract with Odfjell appeared first on Offshore Technology.

Oil Rises Over $97 a Barrel on Middle East Concerns

cmsadmin — Mon, 28 Feb 2011 18:30:00 +0000

Oil touched $97 a barrel today on persisting concerns of supply shortage as protests in the Middle East and North Africa continue. US crude went up 45¢ to $97.42 a barrel, and Brent futures for April increased 55¢ to $112.35 a barrel by 12:40am ET, reports Reuters. Saud

The post Oil Rises Over $97 a Barrel on Middle East Concerns appeared first on Offshore Technology.

Salamander Raises Reserve Estimates for Thailand Oil Field

cmsadmin — Tue, 01 Mar 2011 18:30:00 +0000

Salamander Energy has revised reserve estimates at its Bualuang oil field off the coast of Thailand. The gross proved reserves were raised 111% to 14.6 million barrels of oil from the previous 6.9 million barrels of oil, while total gross proved and probable reserves showed upgrades of 3

The post Salamander Raises Reserve Estimates for Thailand Oil Field appeared first on Offshore Technology.

Subsea 7 Wins EPIC Contract

cmsadmin — Tue, 01 Mar 2011 18:30:00 +0000

Centrica Energy Upstream has awarded Subsea 7 an engineering, procurement, installation and commissioning (EPIC) contract from for the flowlines and subsea works on the Ensign Project off the UK. The Ensign Project is situated around 18km north-west of the Audrey 'A' platform over blocks

The post Subsea 7 Wins EPIC Contract appeared first on Offshore Technology.

US Approves First Drilling Permit in Gulf of Mexico Since Deepwater Horizon Disaster

cmsadmin — Tue, 01 Mar 2011 18:30:00 +0000

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) in the US has approved the first deepwater drilling permit since the Deepwater Horizon explosion and resulting oil spill in the Gulf of Mexico. The permit, applied for by Noble Energy, is for a bypass Well 2 in Mis

The post US Approves First Drilling Permit in Gulf of Mexico Since Deepwater Horizon Disaster appeared first on Offshore Technology.

Oil Hits $99 as Traders Fear Protests will Spread to Saudi

cmsadmin — Tue, 01 Mar 2011 18:30:00 +0000

The price of oil has shot to over $99.00 a barrel as protests in the Middle East and North Africa heighten concerns on supplies from the top oil producing countries in the region. US crude shot up $2.66 to $99.63 a barrel, its highest settlement since 30 September 2008, and Brent crude

The post Oil Hits $99 as Traders Fear Protests will Spread to Saudi appeared first on Offshore Technology.

Chevron to Receive Offshore Pipelay Services from EOC

cmsadmin — Wed, 02 Mar 2011 18:30:00 +0000

Chevron subsidiaries Chevron Offshore, Chevron Thailand Exploration and Production and Chevron Pattani are to receive pipelay and platform installation services from EOC. Work covers the installation of 11 offshore platforms and 16 subsea pipelines spread over 70km in the Gulf of Thailand

The post Chevron to Receive Offshore Pipelay Services from EOC appeared first on Offshore Technology.

ExxonMobil and Statoil to Partner for Faroes Offshore Licences

cmsadmin — Wed, 02 Mar 2011 18:30:00 +0000

ExxonMobil Exploration and Production Faroe Islands will acquire interests in three licences off the coast of the Faroe Islands where Statoil owns interests and is the operator. ExxonMobil will purchase 50% interest in licences 009 and 011 along with 49% interest in licence 006, in which

The post ExxonMobil and Statoil to Partner for Faroes Offshore Licences appeared first on Offshore Technology.