Polarcus Secures Second Seismic Proj. Offshore Greenland
Polarcus Limited has received a Letter of Intent from Shell Kanumas A/S for a seismic acquisition project offshore Greenland.
Archive for the ‘RigZone’
Source: Repsol Begins Deep-Water Exploration Drilling Off Cuba
Repsol YPF has begun offshore drilling in Cuban waters as part of its global exploration operations, said a person familiar with the situation.
Buccaneer Energy Adds 25% Stake in Alaska Project
Buccaneer Energy has executed a Purchase and Sale Agreement for the acquisition of the two main productive leases in the former Cosmopolitan Unit (Cosmo) from Pioneer Natural Resources.
Nautical Petroleum to Take Stake in North Sea Block
Nautical Petroleum plc has entered into an agreement with First Oil Expro Limited to acquire a 25 percent interest in UK Petroleum Exploration and Development License P1756, North Sea Block 3/27a.
PetroChina Buys 20% Stake in Shell’s Groundbirch Shale Asset
PetroChina said it has completed the acquisition of a 20% stake in Shell’s 100%-owned land and assets in Groundbirch, in northeastern British Columbia.
Aker Solutions Purchases Sandnessjoen Engineering
Aker Solutions acquires Norwegian engineering company Sandnessjoen Engineering.
Clough Snags Hook-Up, Commissioning Contract for Wheatstone Proj.
Clough Limited announced the award of a contract for the offshore hook-up and commissioning component of the Chevron-operated Wheatstone Project.
Cameron Touts Record Revenues for 4Q
Revenues for the 4Q of 2011 were a record $2.03B, up more than 12% from the prior year, and revenues for the year were $6.96B, up more than 13% from 2010′s $6.13B, also a new record.
E&Y: Bakken to Contribute Significantly to 2012 U.S. Production Growth
E&Y anticipates further growth and transaction activity in the Bakken oil shale in North Dakota in 2012 as more undeveloped property comes online and begins to produce.
Gulfsands Petroleum Suspends Syria Exploration
Gulfsands Petroleum said it is suspending exploration activities in Syria, only two days after announcing strong drilling results in the strife-ridden country.
