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Business
02/03/2012 - Wärtsilä’s acquisition of Hamworthy becomes effectiveWärtsilä’s acquisition of the British-headquartered, global engineering company Hamworthy plc has today become effective. This acquisition is a major step in Wärtsilä’s strategy to strengthen its position as a total solutions provider, and to be the most valued partner for its customers with a complete range of products, integrated solutions, and services to the marine and offshore industries.
Norway
02/03/2012 - Hoergh LNG orders third FSRUHöegh LNG said today that it has exercised an option for a new FSRU to be built at Hyundai Heavy Industries in Korea. The FSRU will be delivered in the second quarter of 2014, and its specifications will be adapted to comply with relevant project requirements.
West Africa
02/03/2012 - Aker Solutions Wins $4 million Ghanian Contract with TullowNorwegian oilfield services firm Aker Solutions announced Friday that it has signed an agreement with Tullow Ghana to provide well intervention services for Tullow's Jubilee and Tano deepwater fields offshore Ghana, West Africa. The initial contract period is for three years, with two additional one-year options. Aker Solutions estimates that the agreement will generate annual revenues of approximately $4 million.
North Sea
02/03/2012 - Lundin Spins Bit at Johan Sverdrup Appraisal Offshore NorwayLundin Petroleum AB announced that drilling of the appraisal well 16/2-11 on the Johan Sverdrup PL501 discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced. The planned depth is approximately 2,175 meters below mean sea level and the well will be drilled using the drilling rig Bredford Dolphin (mid-water semisub). The drilling operation is expected to take approximately 40 days.
Onshore
02/03/2012 - Harvest Natural to Abandon Oman AGN-1 WellHarvest Natural Resources, Inc. announced that the Al Ghubar North-1 (AGN-1) exploration well onshore Oman has reached a total depth (TD) of 10,482 feet. Interpretation of the mudlog and wireline logs indicates no apparent hydrocarbon saturations within the principal stacked Haima targets in the Barik, Miqrat and Amin reservoirs; however, gas shows and residual hydrocarbons indicate that the structure was charged and failure is attributed to seal effectiveness. The well will be plugged and abandoned with gas shows.
Companies
02/03/2012 - Gulf Keystone Cleared for Algeria Stake SaleGulf Keystone announced that all required documentation has been executed and all necessary Government approvals obtained pursuant to the agreement between the Company and BG Group, the Operator, providing for the transfer of the Company's right, title and interest for no consideration in the Hassi Ba Hamou (HBH) Permit to the Operator and Sonatrach.
Business
02/03/2012 - Subsea 7 and NKT Sell Flexible Pipe Business to National Oilwell VarcoSubsea 7 and NKT Holding have agreed to sell their NKT Flexibles joint venture to Houston-based National Oilwell Varco for $672 million (DKK3.8 billion) after completing a competitive bidding process that involved both strategic and financial buyers.
Tanzania
02/03/2012 - Wentworth Drills New Exploration Well at Mnazi BayWentworth Resources announced Friday that the onshore Ziwani-1 exploration well (Wentworth 52.225 percent) spud on Feb. 1, 2012. This is the first new well to be drilled in the Mnazi Bay concession area, in the Ruvuma Basin, Tanzania, since the MS-1X exploration well was drilled, logged and tested in 2007.
Santos Basin
02/03/2012 - Petrobras completes oil collection and deploys its Environmental Monitoring PlanPetrobras announces it has commenced the deployment of the Environmental Monitoring Plan in the Carioca Nordeste area, in the Santos Basin, where a pipeline ruptured last Jan. 31 on a vessel platform performing an Extended Well Test. The plan, designed to assess possible environmental impacts caused by the incident, includes procedures laid down by Ibama.
Petroleum & Gas
02/02/2012 - Manufacturing was the largest in the history of Brazil in 2011Oil production in 2011 was the largest in Brazil today. According to the report released by the National Petroleum, Natural Gas and Biofuels (ANP), during the 9043 wells in Brazil produced 768 million barrels of oil and 24 billion cubic meters of natural gas. This represents a total of 919 million barrels of oil equivalent (boe), with an average daily flow of 2.52 MMboe / d. Compared with 2010, an increase of 2.5% in oil production and 4.9% in the production of natural gas, when the average daily flow rate was around 2.45 MMboe / d.