Offshore Activity - page 1124

 

Petrobras talks tech investments

Sep 19, 2013

Petrobras President Maria das Graças Silva Foster announced at public hearing in the Brazilian Senate that the company plans to invest R$4 billion in 2013 and R$21.2 billion between 2013-2017 in information technology and telecommunications…

BP Quad 204 Geotechnical Survey Success

Sep 18, 2013

UTEC Geomarine today announced the successful completion of a significant geotechnical survey program in the West of Shetland region. The work was carried out for BP on their Quad 204 development and involved the utilization of UTEC Geomarine's…

NCS wins Aker contract

Sep 18, 2013

NCS Survey, an Acteon company, was awarded a five-year contract with AKOFS Wayfarer AS, a Norwegian marine contractor, for the supply of positioning and survey services aboard the Aker Wayfarer. Since January 2011, NCS Survey has been…

Africa's Lake Albert may hold 2B bbls of oil

Sep 18, 2013

There may be more than 2 billion bbl of oil under Lake Albert, said Oil of DR Congo director Giovanni Pedaci yesterday in Kinshasa. The capital city is hosting a two-day DRC Oil & Gas Forum, organized by Infrastructure Partnerships for Africa Development (iPAD)…

Barrier buys Aquaseal stake

Sep 18, 2013

Barrier Group has acquired a 49% stake in a North East-based rubber product manufacturing company. The Wallsend-based company has bought the share in Tyneside’s Aquaseal Rubber with the aim of helping to expand the business’ presence in to wider markets…

Bristow wins contracts from GoM to Tanzania

Sep 18, 2013

Bristow Group has secured a number of new multi-year contracts for offshore oil and gas services across Europe and in other established and emerging markets. In total, the contracts are for 12 large and three medium helicopters, expected to generate up to US$850 million in revenue…

Serica in Morocco, Namibia drilling

Sep 17, 2013

Serica Energy has said a drilling campaign will start offshore Morocco in October.  Drilling will be carried out on the Foum Draa and Sidi Moussa blocks in October, and H1 2014 respectively.  The well on the Foum Draa block (operated by Cairn Energy…

Enochdhu gets green light

Sep 17, 2013

A plan by ConocoPhillips (UK) and co-venturer Chevron North Sea to develop the central North Sea Enochdhu field has been approved by the UK’s Department of Energy and Climate Change (DECC).  ConocoPhillips, operator, expects first production to start in late 2014…

Rialto, Vitol sign Ivory Coast MOU

Sep 16, 2013

Rialto Energy (Cote d’Ivoire) Ltd signed a memorandum of understanding (MOU) with the Cote d’Ivoire Ministry of Oil & Energy, the state owned oil & gas company PETROCI, and Vitol E&P to replace the existing production sharing contract (PSC) for Block CI-202 with a new PSC on amended terms…

New player gets US$150 million backing

Sep 16, 2013

A newly formed UK-focused exploration company has secured US$150 million of funding from Norwegian private equity outfit HitecVision.  Oyster Petroleum's management team comprises of Richard Morgan as CEO, along with former colleagues Nigel Platt and David Went…

EMGS awarded LOI in West Africa

Sep 16, 2013

Electromagnetic Geoservices (EMGS) has received a Letter of Intent to award a contract for a minimum US $8 million for 3D EM data acquisition in West Africa. It is expected that the 3D EM survey program will be performed using the vessel EM leader…

OE13: ExxonMobil and GL seminars filmed

Sep 16, 2013

As part of SPE Offshore Europe 2013, ExxonMobil Fuels & Lubricants and Caterpillar Marine & Petroleum Division (CAT) joined forces for an interactive breakfast seminar, hosted by Offshore Engineer’s Paul Hutton.  Maintenance and engineering…

Cortez works on FPSO

Sep 16, 2013

Subsea services and technology company Cortez Subsea has been awarded £1.5million of contracts across its pipeline installation and decommissioning services during Q3, 2013. The Aberdeen-based firm has completed the first phase of work on a North Sea floating production…

Bridge agrees Spike takeover

Sep 16, 2013

Directors of Aberdeen-based independent oil exploration and production company Bridge Energy have recommended the approval of a £103 million takeover bid from Norway’s Spike Exploration. The deal would see Spike Exploration acquire the…

Falklands farm-out hampered

Sep 16, 2013

Desire Petroleum has said a farm out process on its Falklands acreage has been held back by uncertainty over the timing and scope of the development of the Sea Lion oil field. A lack of a firm date for the mobilisation of a rig to the…

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