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Major West Africa win worth US $1.3 Bn

Offshore contractor Acergy has declared a deal worth US $1.3 Bn for a major deepwater development offshore West Africa.

[Full story ] [Contracts]

Kuwait collection for Petrofac

UK contractor Petrofac has collected a new contract with Kuwait Oil Company for work on new oil and gas pipelines.

[Full story ] Contracts

Exploration makes nine discoveries

Exploration offshore Norway resulted in a total of nine discoveries being made in first half this year according to official figures.

[Full story ] Exploration

Income surges for Statoil

Statoil saw its operating income increase 9% in the second quarter this year and by 11% in the first half.

[Full story ] Company news

Earnings almost double for Shell

Royal Dutch Shell's second quarter earnings this year were almost doubled while its half year earnings were also up and the company has pledged further asset sales.

[Full story ] Company news

Noble takes over Frontier

Drilling contractor Noble Corporation has closed a US $2.16 Bn deal to acquire another rig owner adding seven new units to its fleet.

[Full story ] Company news

Brent decommissioning deal done

Shell UK has appointed a key contractor to be responsible for decommissioning its huge Brent field facilities in the Northern North Sea.

[Full story ] Field development

Good news at Ngiri

Just a day after completing a deal to acquire more acreage in Uganda Tullow Oil has hit more success with its latest exploration well there.

[Full story ] [Exploration]

Court patent win for EMGS

Norway survey contractor EMGS has won a legal battle over technology with oilfield service giant Schlumberger.

[Full story ] Company news

Centrica signals North Sea progress

Energy group Centrica said it seven out of ten well drilled so far this year have been successful.

[Full story ] Field development

Encore completes asset sale to Egdon

North Sea player EnCore Oil has completed a previously announced deal to sell assets to Egdon Resources which includes a stake in the Southern North Sea Ceres gas field.

[Full story ] Company news

Uganda completion

Tullow Oil has completed the Us $1.45 Bn deal to buyout onshore assets in Uganda held by Heritage Oil and Gas.

[Full story ] [Licensing]

GSA financing set

North Sea developer Ithaca has completed a further move in financial markets to secure funding for its UK Greater Stella Area.

[Full story ] Financial

Centrica nets for £11.7 Bn

British energy giant Centrica netted £11.7 Bn of revenue in the first six months this year – equalling the figure for the first half last year.

[Full story ] Company news

AWS bags more development cash

Scottish based AWS Ocean Energy has been another of the beneficiaries of development cash from the UK's Technology Strategy Board to further marine power generation.

[Full story ] Renewables

Gaupe will be BG's first offshore Norway

Outlining operational progress during the second quarter in its results today BG said that the newly-renamed Gaupe field offshore Norway will become its first development to come onstream there.

[Full story ] Company news

BG boosts earnings

Britain's BG Group boosted its earning by 19% year on year in the second quarter

[Full story ] Company news

Northern Offshore names new CEO

North Sea rig contractor Northern Offshore has appointed a former executive with Pride International as its new president and chief executive.

[Full story ] Company news

Argos catalogues new placing

North Falklands licence holder Argos Resources Limited has conditionally placed new shares to raise £22 million towards further exploration off the South Atlantic Islands.

[Full story ] Company news

OMM bags Transpower deal

Marine installation contractor OMM has bagged a deal with a German power operator to install new North Sea cabling.

[Full story ] Contracts

Progress on Auk and Burghley

Operator Talisman Energy says it has made advances in the development of its UK North Sea Auk and Burghley projects in the second quarter this year.

[Full story ] Field development

Shutdowns hits Talisman UK output

Talisman Energy said its North Sea production has been hit in the second quarter this year by a series of platform shutdowns.

[Full story ] Company news

Merger to complete by early 2011

Subsea  7 and Acergy are on target to complete their previously disclosed merger by the first quarter next year.

[Full story ] Company news

Revenue falls for Subsea 7

Subsea 7 reported  a fall in revenue for the second quarter and first half this year.

[Full story ] Company news

Offshore247.com

Hello to Owo oil

A major new oil field has been discovered offshore West Africa on the Owo prospect in the Deepwater Tano licence area offshore Ghana

[Full story ] [Exploration]

 

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