CNOOC Announces A Deepwater Gas Finding In Qiongdongnan Basin

CNOOC Limited announced a deepwater gas discovery on Block 64/11 offshore China after the Lingshui 22-1-1 exploration well drilled by its partner, BG Group (BG) , encountered gas-bearing sands. The exploration well is located in Qiongdongnan Basin in the South China Sea, approximately 130 kilometres...

Posted on 1/02/2011 / 0 comments / Read More

Big 4 target over $50bn

Korean Big 4 shipbuilders are aiming to secure new orders worth over $50bn in total in 2011 in ship and offshore plant sectors. The world's four largest shipbuilding companies, namely Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX Offshore &...

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Global shipyard ends year on high note

A high-level naval delegation led by Commodore Shaikh Saeed bin Hamdan bin Mohammed Al Nahyan, Deputy Commander, UAE Navy, has visited the Dubai Maritime City and Drydocks World's facilities in Dubai, which has witnessed a huge success in 2010. [Read More] Source: za...

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Dockwise confirms GoM transport orders

An affiliate of Chevron USA has contracted Dockwise to transport the Jack and St. Malo platform hull from Korea to the Gulf of Mexico. The contract value is $25 million. Dockwise has also a firm contract from Bluewater Industries, valued at $40 million, to transport...

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Anadarko deemed a good fit for BHP amid bid talk

Miner BHP Billiton's acquisition strategy was back in the spotlight on Friday as market talk resurfaced that it was looking at a $40 billion-plus bid for Anadarko Petroleum Plc, although banking sources said they were unaware of any imminent offer. [Read more] Source:...

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Petrobras Reports Record Oil Production in Brazil

Petrobras informs that in December it achieved three new records in Brazil: the monthly, annual and daily oil production averages. The monthly average for December will be approximately 2,120 thousand barrels a day, against the previous record of April of this...

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Transocean Challenges Chemical Agency's Authority to Probe BP Gulf Blast

A federal panel that investigated the fatal 2005 Texas refinery blast that resulted in a $50 million fine for BP Plc hasn’t got the authority to probe the company’s April deep-water drilling disaster, according to rig owner Transocean Ltd. Under federal law, floating...

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Cnooc Scraps OGX Bid to Avoid Competition With Sinopec

Cnooc Ltd., China’s largest offshore oil and gas producer, withdrew a plan to bid for a stake in Brazil’s OGX Petroleo & Gas Participacoes SA to avoid competition with China Petrochemical Corp., the 21st Century Business Herald reported, citing a person it didn’t identify. [Read more] Source: B...

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Oilfields halt production as gales hit Australian coast

Three leading oil and gas companies said on Saturday gale force winds, possibly developing into a cyclone, had led to production being halted at oil fields off the Western Australian coast. [Read more] Source: Reut...

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Wärtsilä introduces new more powerful version of its Wärtsilä 32 engine

Wärtsilä, the marine industry’s leading solutions provider, has introduced a more powerful version for marine applications of its popular Wärtsilä 32 engine. First introduced in the 1980s, and with more than 4000 units sold to the marine industry alone, the Wärtsilä...

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Orca Exploration Announces Well Workovers

Orca Exploration Group Inc. has announced that it will perform workovers in 2011 on two Songo Songo offshore natural gas wells (SS-5 and SS-9). Recent routine testing of all five Songo Songo producing gas wells has determined that there is the need for some remedial...

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Seadrill - Changes to Board composition

Mr. Kjell E Jacobsen has served notice that he would like to retire from the Board of Seadrill Limited effective from December 31, 2010.   Mr. Jacobsen started to work for offshore drilling company Smedvig in 1991 and was the Company's CEO from end of 2001...

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