North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…
BPZ Energy expects to spud the first well at its CX-15 development, off Peru, within three to six weeks depending on weather and sea conditions, the company confirmed on 28 February 2013.CX-15 platform (Image: GMC Ltd.)The company said further…
2H Offshore Inc., an Acteon company, has recently been awarded a Steel Catenary Riser (SCR) detailed design project with LLOG Exploration. The SCRs will be the first attached to the Exmar OPTI-11000 semi-submersible.Delta House Model (Image…
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced an agreement with EDF Trading and Exmar NV to support their collective endeavors to pursue LNG export opportunities in North America using offshore, barge…
A worker spools mooring system wirwe at Mongstadbase, NorwayIOS InterMoor AS, an Acteon company, has secured a contract from Eni Norge to provide two complete mooring spreads for developmental drilling in the Goliat oilfield in the Barents Sea…
News from the North Sea from Bridge Energy, Faroe Petroleum, Lundin Petroleum and E.ON.Transocean Arctic will drill the Amol prospect (Image: Petroleum Safety Authority of Norway)Bridge EnergyJunior North Sea explorer Bridge Energy has said…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
Royal Dutch Shell plc announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage. “We’ve made progress in Alaska…
Alam Maritim Resources Berhad announced that its wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, based in Kuala Lumpur, has accepted the award from Petronas Carigali Sdn Bhd, Peninsular Malaysia operations to provide two offshore support vessels (OSVs) to support Petronas’ drilling campaign…
BP named Janet Weiss Regional President of its Alaskan branch, effective 15 February 2013.Janet Weiss (Photo: BP)Weiss succeeded John Mingé, who now serves as Chairman and President of BP America Inc. after heading up BP’s Alaska business since January 1…
The Evolution series conducts IMR operations in deep water.Bourbon took delivery of the Bourbon Evolution 803. It is the 3rd vessel in the 1st large IMR series for the offshore industry. Resource exploration is going into increasingly…
McDermott International Inc. announced that Tony Duncan will join the company as Vice President and General Manager, Subsea on 1 April 2013.Tony Duncan (Image: McDermott)“In this role, Tony is responsible for driving and growing our global Subsea business…
OMK invests in US OCTG market.Russia-based OMK (United Metallurgical Company) held a ribbon-cutting ceremony to open its new pipe-manufacturing facility in northeast Houston. The US$100 million investment was made in response to rising demand for oil country tubular goods (OCTG)…
PGS' Ramform Challenger gathers a Falkland surveyThe PGS vessel Ramform Challenger began gathering London-based Borders & Southern Petroleum’s (B&S) 3D seismic program off the Falkland Islands in the South Atlantic Ocean. Located about 140…
The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen will result in an approximate increase of 15% in the estimates of undiscovered resources on the Norwegian shelf.This…
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