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October 8, 2007
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:: EXPLORATION :: Noble Energy hits gas offshore Cameroon Noble Energy Inc. has hit gas in the PH-77 license offshore the Republic of Cameroon. :: Noble Energy announces oil discovery in Benita Noble Energy Inc. has announced results for its Benita appraisal well on block I offshore Equatorial Guinea. :: Norsk Hydro scheduled drilling Norsk Hydro Produksjon is scheduled to start drilling soon on the first of two exploratory wells in the Norwegian North Sea, using the semisub Transocean Winner.
:: COMPANY NEWS :: Norwegian supergroup completes union Statoil and Hydro have completed their merger, completing a new company with 31,000 employees in 40 countries. :: Arcapita to acquire Varel Holdings Arcapita Inc's affiliates have signed a $369-million definitive purchase agreement to acquire Varel Holdings from KRG Capital Partners. :: Rolls-Royce develops marine support services Rolls-Royce has acquired US naval architecture and engineering firm Seaworthy Systems Inc. to improve its marine support services.
:: PRODUCTION :: Pioneer begins South Africa gas production Pioneer Natural Resources Co. has started production from the South Coast Gas (SCG) project in block 9, offshore South Africa. :: Production begins at Greater Plutonio Production began from the Greater Plutonio development area in block 18 offshore Angola on Oct. 1, 2007. :: Woollybutt-4H prepares for production Preparations are under way to temporarily suspend the sidetracked Woollybutt-4H development well and to connect it to the northern lobe production facilities in Western Australian WA-25-L permit for early next year. :: LEASING :: Gulf of Mexico lease sale draws ultra deepwater interest Approximately 40% of the tracts receiving bids in Central Gulf of Mexico Lease Sale 205 are in ultra deepwater – greater than 5,249 ft (1,600 m) water depth. :: BHP acquires interest off Falklands BHP Billiton has acquired interest in 14 exploration and production licenses in the South Atlantic Ocean off the Falkland Islands. :: Strong interest in Norway leasing Forty-six companies applied for licenses under Norway's latest Awards in Predefined Areas (2007) scheme, according to the Norwegian Petroleum Directorate. :: NEWS FROM THE YARDS :: MPF secures financing for world's largest drillship MPF Corp. Ltd. has secured $215 million to finance construction of its MPF-01 drilling and production vessel. :: First contract for Maersk jackup Dubai Petroleum Establishment has awarded Maersk Contractors a contract for jackup drilling operations offshore Dubai in the Arabian Gulf. :: Jurong finalizing Brazilian shipyard venture Jurong Shipyard is finalizing joint venture terms and conditions with WTorre Empreendimentos Imobiliários SA (WTorre) for a shipyard to serve West Africa and Brazil oil and gas sectors. :: INDUSTRY NEWS :: People deficit likely to cause further delay in projects through 2010 Large oil and gas production projects worldwide are likely to continue to suffer delays resulting from an increasing shortfall of qualified project engineering resources. :: LAGCOE gears up for biennial event The Louisiana Gulf Coast Oil Exposition (LAGCOE) is gearing up under the direction of officers David Shealy, Howard Wilson, and Larry LeMarie, and event coordinator Sally Ware. :: UK rig count remains high Exploration and appraisal drilling activity shows no sign of slackening off in the UK sector, according to Hannon Westwood. :: OFFSHORE SPONSORED EVENTS
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PennWell Bookstore covers all aspects of the petroleum industry from oil and gas investment to oil exploration to offshore drilling. Written by selected industry experts, PennWell books will help you broaden your expertise in your current field, understand other related disciplines, provide quick-glance references as a topic arrives in your daily routine, and make excellent classroom, seminar, and in-house training texts. Shop our online bookstore here. :: SUBSCRIPTION INFORMATION To report distribution problems with this newsletter, send an email to: news@os-media.com Offshore invites you to forward this newsletter to colleagues or associates who might be interested in our regular news summaries. If you do not subscribe to this newsletter and would like to receive it, please click this link: http://www.omeda.com/os/ Offshore subscribers may access complete current and archived stories online at: http://offshore-mag.com For editorial concerns ONLY contact Eldon Ball at eldonb@pennwell.com |
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Copyright © 2007: PennWell, Tulsa OK; All rights reserved.
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