TG World Provides Tindalo Operations Update

TG World Energy Corp. announces that project partner and operator of Service Contract 54A ("SC 54A") in the Philippines, Nido Petroleum Ltd. ("Nido"), has provided the following update on the Tindalo-1 sidetrack ("Tindalo-1ST1").  "Each of four potentially productive zones are separated by inflatable...

Posted on 12/26/2010 / 0 comments / Read More

Strategic American Oil Corporation Provides Year End Address

Strategic American Oil Corporation looks forward to 2011 with great anticipation as numerous projects are now moving forward towards development. Currently, Strategic American Oil is drilling two wells in South Texas, we are in negotiations on a partnership to...

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Big3 make golden section

At the time of the end of the year, Korea's big three shipbuilders share the top spot of the shipbuilding industry's three main indicators. In terms of new orders, Daewoo Shipbuilding & Marine Industries has taken the No.1 position following last year. [Read More] Source: Asia...

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Russia to build n-powered icebreaker for Arctic region

Russia will build a nuclear-powered icebreaker for use during winters in the country's western Arctic region. The money earned through selling a stake in Sovcomflot - Russia's largest shipbuilding company - will not go to state coffers but will be spent on building a new-generation nuclear-powered icebreaker,...

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Seafox Group to Expand the Fleet With State of the Art New Build Self – Propelled Installation Jack-up Seafox 5 (UK)

Isle of Man based Seafox Group is pleased to announce that they have officially entered into a joint-venture and construction agreement with Keppel FELS in Singapore for the Seafox 5 with delivery scheduled for mid 2012. [Read more] Source: Offshore Wind....

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Total OKs management transfer of 2 Angola blocks

Total SA (TOT) has agreed to transfer the management of two Angola marginal blocks to state oil company Sonangol, spokesmen for the two companies said Friday, as the French oil giant focuses its efforts on larger assets in the country.An agreement for the transfer...

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Bergen Group Wins Contract for Advanced Offshore Vessel

Bergen Group Fosen has signed a contract with Volstad Maritime AS to build a large high end offshore vessel. The contract has an estimated value of NOK 725 million, and the ship is scheduled for delivery in 2(nd) quarter  2012. [Read more] Source: Offshore...

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Abu Dhabi to tender new offshore oil deal in April

MEED reported that state run Abu Dhabi Marine Operating Company has invited international engineering & construction firms to express interest in the development of the offshore Satah al-Razboot field. Contractors were sent letters by Adma-Opco on 12 December, according to a source close to the...

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Azerbaijan: Cape Awarded Access Services Contract by Amec-Tekfen-Azfen Alliance

Cape is delighted to announce that its newly formed “SOCAR CAPE” Joint Venture has been awarded a contract by Amec-Tekfen-Azfen (ATA) Alliance to deliver access services for the fabrication of West Chirag Platform topsides in Azerbaijan. [Read more] Source: Offshore...

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Niko Continues to Expand in Trinidad

Niko Resources Ltd. announced today that it has reached an agreement with Sonde Resources Corp. ("Sonde"), under which Niko will acquire Sonde's 25% interest in Block 5(c), located 94 kilometers off the east coast of Trinidad. The transaction is to be satisfied at closing via US $75.5 million in cash,...

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CAMAC Energy Inc Initiates Registered Offering for $20.5 Million

CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that the Company has entered into definitive agreements dated December 21, 2010 with certain accredited investors (the “Investors”) to sell in a registered direct offering...

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BRAZILIAN GOVERNMENT APPROVES ECOPETROL OLEO E GAS DO BRASIL LTDA'S PARTICIPATION IN BLOCK BM-S-73 I

With the issuance of resolution 1078/2010 on December 16, 2010, by the National Oil, Gas and Biofuel Agency-ANP, Ecopetrol S.A., through its affiliate Ecopetrol Oleo E Gas do Brasil LTDA, confirms its participation in the offshore concession for Block BM-S-73...

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Japan Energy uses RMR®Down Under

Japan Energy Australia is usingthe RMR®system from AGR Drilling Services to ensure the drilling of its first exploration well in Australia goes as smoothly as possible. In a deal worth an estimated $650,000US, the Riserless Mud Recovery system from AGR DS is being...

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