Providencehelp Worldwide Foundation: 2015-01-04

Providencehelp Worldwide Foundation

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Friday, 9 January 2015

Pre-salt is still economically viable, Petrobras says

RIO DE JANEIRO -- Petrobras is expanding its oil and natural gas production capacity in the Brazilian pre-salt layer in an economically viable manner, the company said in response to a recent press report.

Statoil set to extend life of Norne field to 2030

STAVANGER, Norway -- Initially scheduled to be shut down during 2014, Statoil’s is now aiming to extend the life of Norne field to 2030. Norne field came on stream on Nov. 6, 1997, and the initial development plans called for the field to be shut down during 2014.

PNOC-EC to farm-in into SC55 block; Otto seeks partners for Hawkeye-1

PNOC EC to farm in into SC55 block Otto seeks partners for Hawkeye 1 WEST PERTH, Australia Otto Energy has announced that PNOC Exploration Company (PNOC EC) has expressed an interest in farming into SC55 for a 15% working interest.

Inpex discovers additional oil deposits in Espírito Santo basin, Brazil

Inpex discovers additional oil deposits in Espírito Santo basin, Brazil TOKYO, Japan Inpex Corporation has newly discovered deposits of quality oil with an API of 36 at a depth of approximately 4,300 m through ongoing appraisal drilling in the BM

EMAS bags $150 million worth contract for Apache’s Julimar Development Project

EMAS bags $150 million worth contract for Apache’s Julimar Development Project SINGAPORE EMAS AMC, a subsea services division of Ezra Holdings, has secured a subsea construction contract with Apache Energy in Australia valued in excess of approximately $105 million (A$130

Claxton becomes number one supplier with 5000th conductor centralizer installation

Claxton becomes number one supplier with 5000th conductor centralizer installation NORFOLK, United States Claxton, an Acteon company, has installed more than 5000 conductor guide centralizers, making the company the market leader for conductor centralizer installation in the North Sea. Conductor

Oil crash risks further delay for Statoil's Castberg project

OSLO, Norway (Bloomberg) -- Statoil ASA could be forced to delay its Johan Castberg project in Norway’s Arctic waters for a third time after oil prices dropped by more than half since June. “It remains to be seen whether we’re able to come up with a good enough solution within the timeframe that’s been set,” Eldar Saetre, Statoil’s acting CEO, said in an interview in Oslo. “There’s a situation that forces us to make tough prioritizations.”

Statoil awards contracts for services at seven coastal bases

STAVANGER, Norway -- Statoil has awarded service contracts for seven company bases in Norway. These contracts have been awarded to NorSea Group, Saga Fjordbase and Asco Norge. The contracts awarded include terminal and warehouse services as well as storage and pipeline handling.

Bibby Subsea signs vessel contract with Bordelon Marine

Bibby Subsea signs vessel contract with Bordelon Marine HOUSTON Bibby Offshore’s Houston based division, Bibby Subsea has signed a three year contract with Bordelon Marine to charter a new vessel. The Brandon Bordelon is an ultra light intervention vessel (ULIV)

2H Offshore joins TCP design guideline initiative

2H Offshore joins TCP design guideline initiative HOUSTON 2H Offshore, an Acteon company, has teamed up with oil and gas industry leaders to develop a new design guideline for thermoplastic composite pipes (TCP) to advance the understanding and use of

AccessESP installs Nigeria’s first rigless conveyance system

AccessESP installs Nigeria’s first rigless conveyance system HOUSTON AccessESP has installed the first rigless ESP conveyance system in Nigeria in the Ukpokiti #4 offshore well for Shebah Exploration and Production Company Limited (SEPCOL). This installation was performed using AccessESP’s 375

Total achieves flare-out of Ofon field, offshore Nigeria

PARIS -- Total has completed the flare-out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG.

Total achieves flare-out of Ofon field, offshore Nigeria

Keppel Singmarine secures contracts worth over $51.99 million

Keppel Singmarine secures contracts worth over $51.99 million SINGAPORE Keppel Singmarine, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured two contracts worth a total of about $51.99 million (S$65 million). The first contract was awarded

Transocean $9.1 billion debt may be cut to junk on oil slump

Transocean $9.1 billion debt may be cut to junk on oil slump David Wethe HOUSTON (Bloomberg) Transocean Ltd., the worst performer in the Standard & Poor’s 500 Index last year, may see its $9.1 billion debt lowered to junk status

Schlumberger, Helix, OneSubsea execute subsea well intervention alliance agreement

HOUSTON -- Helix Energy Solutions Group, OneSubsea -- a Cameron and Schlumberger company -- and Schlumberger have announced the execution of the definitive agreements for the companies’ non-incorporated alliance, formed to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems.

CNOOC in deepwater South China Sea gas find

HONG KONG -- CNOOC has made a mid-to-large sized natural gas discovery in the South China Sea. The Lingshui 25-1 structure is located in the northeast of Ledong Sag in the Qiongdongnan basin of the South China Sea, with an average water depth of about 980 m.

Petrobras finishes Pudim well in the Espírito Santo basin post-salt

RIO DE JANEIRO -- Petrobras has completed drilling extension well 3-ESS-219D, informally known as Pudim, at a water depth of 1,886 m, in the Espírito Santo basin post-salt. The completion of this well, which had been announced to the market on Oct. 7, confirmed the presence of excellent quality oil through log data analysis, fluid samples and a cable test conducted in reservoirs located at a depth of some 4,300 m. Drilling ended at a depth of 4,670 m.

Sweden's Lundin drills sixth dry well in a row

STOCKHOLM, Sweden -- Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has completed the drilling of wildcat well 25/10-12S. The well is being plugged and abandoned as a dry hole.

Croatia awards ten exploration licenses off Adriatic coast

ZAGREB, Croatia -- The Croatian Government has granted ten licenses for the exploration and exploitation of hydrocarbons in the Adriatic. Bids were received from six companies for 15 exploration areas.

Rockhopper Exploration and Eni awarded offshore block in Croatia

Rockhopper Exploration and Eni awarded offshore block in Croatia SALISBURY, England Rockhopper Exploration, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, has been awarded a 40% interest in

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