According to a report on www.business-standard.com, the Petroleum Ministry in India is planning to offer up to 80 oil and gas blocks -- perhaps half of them offshore -- in another auction round this August under the New Exploration Licensing Policy (NELP). The report said that in the previous six rounds, 162 oil and gas blocks have been awarded.
Launching a major global initiative for attracting foreign investment in the hydrocarbon sector, India auctioned 55 oil and gas exploration blocks. India offered for sale the onshore and offshore blocks to potential investors, including Brazil's Petrobras, BP (British Petroleum) and Malaysia's Petronas. Of the 55 blocks available for bidding in the new exploration licensing policy - the sixth round (NELP VI), and the coal bed methane - third round (CBM III) of bidding in India
China National Oil and Gas Exploration and Development Corp (CNODC), a unit of China’s CNPC, has acquired the exploration rights to an oil and gas block from Indonesia's PT Waropen Perkasa, one of 10 onshore and offshore oil projects originally tendered by the Indonesian government in June 2004. China's major oil firms -- Sinopec, CNOOC and China National Petroleum Corp, the parent of Hong Kong-listed PetroChina Co Ltd
Exploration of the offshore blocks in Bahrain are part of Occidental Oil & Gas's (Oxy) goal of expanding its position in the Middle East and North Africa, according to the Oxford Business Group’s (OBG) report: Bahrain 2008. This report is the latest of the firm's annual business publications. Exploration of Blocks 3 and 4 is a joint venture between Occidental Oil & Gas and the Bahrain Petroleum Company (Bapco)Bahrain Petroleum Company (Bapco).
Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday. The Myanmar newspaper said the two companies' regional subsidiaries - Singapore-registered Statoil Myanmar Private Ltd and ConocoPhillips Myanmar E&P Pte. Ltd. - agreed to invest $323 million in oil and gas exploration in Deepsea Block AD.10, off Myanmar's western Rakhine coast.
Cairn informed that the successful testing of the SNE-2 appraisal well offshore Senegal with positive results. Operations have been safely and successfully completed following drilling, coring, logging and drill-stem testing (DST). The well is now being plugged and abandoned. Following this first successful appraisal well, resource estimates for the SNE field will be fully revised and announced after the results of the further appraisal activity
Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer. At a signing ceremony in capital Brazzaville, new Eni Chief Executive Claudio Descalzi signed the deal for onshore and deep-water exploration acreage with Energy Minister Andre Raphael Loemba, the company said in a statement on Sunday.
According to Thomson Financial, the Indonesian government launched a tender for 26 oil-and-gas blocks to boost the country's oil and gas production. The oil and gas blocks that were offered today include the Bawean II, East Bawean I, Situbondo, and the North East Madura blocks onshore and offshore East Java province, as well as the South Barito (onshore and offshore) and Mahakam Hilir (onshore) blocks on Kalimantan island. [Source: Thomson Financial]
In a business where time is money, Signal Ship Repair’s niche ‘high blocking’ repair methods have significantly reduced repair times and increased shipyard efficiencies. If Signal Ship Repair’s (SSR) primary business can generically be described simply as ship repair and conversion, then it can also be said that its practice of ‘high blocking’ to facilitate faster, and more efficient in-house Z drive repairs is its signature service
Exxon Mobil plans to drill three exploratory wells in an Indonesian offshore oil block over the next three years, a company official said on Wednesday. Exxon Mobil signed an oil contract with the Indonesian government last month 2,062 sq mile of the offshore Surumana block in the Makassar Straits. The government had said that in the case of Surumana, any oil find would be split 65:35 percent between government and contractor. Meanwhile, any gas find would be split 60:40 percent.
Major modification work will bring A2SEA-owned vessel into line with growing demands of offshore wind industry Damen Shiprepair Amsterdam (DSAm), part of Damen Shiprepair & Conversion, is currently undertaking a modification and maintenance project on the jack-up vessel Sea Installer
Indian Petroleum Minister Minister Dharmendra Pradhan says India has expressed interest in setting up an LNG terminal at Chahabar port in Iran to ship back home natural gas from Persian Gulf nation, reports PTI. India is ready to invest $20 billion in the development of Iran’s
An agitated sea has blocked the entrance to Brazil's largest port of Santos, preventing ships from entering or leaving for more than 12 hours during peak soy export season. Nine ships were stopped from leaving the channel and 10 from entering since Wednesday evening
The first US-built and operated offshore wind farm crew transfer vessel will be named at an official christening ceremony in Quonset Point, Rhode Island. Following the Christening the ‘Atlantic Pioneer’, owned and operated by Atlantic Wind Transfers
IMTRA, a manufacturer and importer of commercial marine products, has delivered equipment to the first U.S.-flagged offshore wind farm crew transfer vessel (CTV), Atlantic Pioneer. IMTRA’s scope of supply includes the Colorlight CL20 high-output searchlight
Cypriot President Nicos Anastasiades has said that building an LNG terminal in Cyprus will depend on discoveries and the results of the country’s third licensing round. Discussing the Cyprus Exclusive Economic Zone’s third licensing round
Newly available version of RedPort XGate satellite email and data services suite now includes PredictWind weather forecasting service, letting users select, download and view marine weather forecasts over satellite and cellular networks.
Blount Boats has delivered the Atlantic Pioneer, America’s first U.S.-flagged Crew Transfer Vessel (CTV) for Atlantic Wind Transfers that will begin service for Deep Water Wind Block Island at the end of May. The 21-meter aluminum vessel was designed by South Boats IOW (Isle
Seaspan Shipyards, announced today the start of construction on Seaspan’s second National Shipbuilding Strategy (NSS) ship, the Canadian Coast Guard (CCG)’s second Offshore Fisheries Science Vessel (OFSV). “Seaspan is now full-steam ahead on the production and delivery
Austal USA was awarded a $14 million Littoral Combat Ship contract modification by the U.S. Navy to conduct special studies and analyses, the Navy announced this week. This is the second $14 million LCS modification contract for Austal USA this month.
Ocean Installer will undertake flexible jumper replacement operations for Norwegian operator Statoil at the Vigdis field, says a statement from the company. Ocean Installer will see it perform subsea work. The company said the option falls under an amendment to the previously
Russian oil producer Rosneft's Vietnamese subsidiary has started drilling an exploration well off the south coast of Vietnam, it said on Wednesday. It is Rosneft's first individual international offshore drilling project as an operator, Russia's largest oil producer said in a statement.
Austal Limited has been awarded $14.656 million in modifications to a previously awarded Littoral Combat Ship (LCS) contract by the U.S. Department of Defense. Under the contract, Austal USA will perform planning and implementation of deferred design changes that have been identified
Contract awards for Mexico's first-ever deepwater oil auction covering 10 potentially lucrative blocks are expected to take place on December 5, oil regulator CNH said on Friday, a tender that will test investor interest given a worldwide price slump.
Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay. "With this transaction, we are increasing our exposure to the upside potential of this untested geological setting