Serica Energy plc announces that it has been offered three UK exploration licences in the UK 25th Seaward Licensing Round and provides an operational update.
In the UK 25th Round Serica was offered awards of licences covering interests in Block 15/21e (split) in the Central North Sea, Block 48/16a (part) in the Southern North Sea and [...]
Det norske oljeselskap ASA (OSE:DETNOR) reported operating revenues in Q3 2008 in the amount of MNOK 102.2, as compared to MNOK 19.4 in the same quarter in 2007. The operating loss amounted to MNOK 108.3. The net income in the period was MNOK 5.6. In the corresponding quarter last year, the company reported an operating [...]
ION Geophysical Corporation announced that its Marine Imaging Systems group was awarded a fleet-wide contract by The Polarcus Group of Companies (Polarcus), a new entrant in the marine seismic market with a green philosophy, to equip all six of its new state-of-the-art vessels with four streamer positioning and control technologies from ION’s Intelligent Acquisition(TM) [IA] [...]
Simrit Oil & Gas, LLC, a wholly-owned subsidiary of Freudenberg-NOK General Partnership, announced the acquisition of the assets of Petroleum Elastomers of Houston, a manufacturer of specialized custom sealing components for the oil and gas industry. Terms of the agreement were not disclosed.
Petroleum Elastomers molds a wide range of elastomeric products but is widely known [...]
Marathon Oil Corporation announced the completion of the sale of its non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. Centrica plc, the parent company of British Gas, acquired the interests for a total value of $416 million, which includes a $375 million purchase price and $41 million in [...]
Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development.
“As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add [...]
Standards developed by the members of the Open Geospatial Consortium, Inc. (OGC) play a key role in OneGeology, a global project to produce the first digital geological map of the world. OneGeology, launched in August, 2008 at the 33rd International Geological Congress in Oslo, Norway, is now supported by 94 nations and seven international umbrella [...]
Endeavour International Corporation announced a discovery at the site of the Knockandoo prospect in the Brage field located in PL055 in the Norwegian North Sea.
The Brage platform well 31/4-A-01 AT2 well found oil in the upper part of the Middle Jurassic Brent Group. The operator StatoilHydro estimates “the size of the discovery is between 1.8 [...]
Endeavour International Corporation announced that a sidetrack well to its recent Noatun C discovery has further confirmed the presence of gas condensate at the site located in PL 107 in the Norwegian North Sea. The operator StatoilHydro has issued preliminary estimates of “discovered recoverable reserves between 30 - 50 million barrels oil equivalent.”
The discovery will [...]
Dresser-Rand Group Inc. announced that its Norwegian subsidiary will supply four power generation packages for a floating, production, storage and offloading (FPSO) vessel. This will be the first of up to four identical contracts, as part of BP’s Angola development program. The first contract’s sales are estimated at approximately $75 million.
“We are very pleased to [...]
