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
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.
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
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.
The court-ordered closure of miner Vale SA's Port of Tubarão in Brazil has blocked the loading of some 200,000 tonnes of iron ore per day, the company said in a Friday statement. The court order, issued on Thursday due to pollution concerns, is also blocking access to 44
Oilfield services giant Schlumberger is entering Ophir Energy’s Fortune floating liquefied natural gas (LNG) project off Equatorial Guinea after agreeing a preliminary deal with the UK player for a stake in the development.
The container shipping industry is faced with the challenge of ever-decreasing freight rates that can only be served viably with larger, more efficient vessels. However, market growth does not allow each individual line to increase the size of its ships to the larger
ALMACO Group was awarded the contract to build 450 NORSOK-compliant Modular Cabins for Statoil’s Johan Sverdrup fixed platform at Apply Leirvik’s yard in Stord, Norway. ALMACO’s delivery will consist of modular cabin deliveries to Apply and Kvaener in Stord
PGS has recently completed the fifth consecutive acquisition season offshore Newfoundland and Labrador as part of the ongoing joint venture (JV) with TGS. The successful 2015 season was the biggest yet with PGS operating four vessels, two 3D and two 2D vessels
Fugro has been awarded a contract by Ophir Equatorial Guinea (Block R) Limited for the provision of survey services for the development of large scale assets and infrastructure offshore Equatorial Guinea. Under the contract Fugro will deploy three of its specialist vessels - Fugro Searcher
Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay. The estimated contract value for the programme is USD 44m excluding mobilisation
Petrobras plans to reduce its 40 pct stake in Libra field. Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry, two industry sources said on Tuesday
In order to reduce congestion and lower the transaction cost, Mumbai and Nhava Ship-Agents Association (MANSA) have sought berthing facilities at the Offshore Container Terminal for higher dimensional vessels carrying large parcels of pulses, steel and general cargo.
Semco Maritime entered into an agreement with Maersk Drilling for the expansion of accommodation rig Maersk Guardian, which will be inserted at various fields in the Danish part of the North Sea from September 2016. The order for Semco Maritime comprises installation of new accommodation
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win support from repeat customers by securing four contracts worth a total of about $88.5 million. In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard)
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win strong support from repeat customers by securing four contracts worth a total of about S$125 million. In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel
1920 - USS John D. Ford (DD 228) is commissioned. It serves in both the Atlantic and the Pacific during World War II and receives a Presidential Unit Citation, specifically honoring her "extraordinary heroism in action" during the Java Campaign, Jan
The U.S. Navy has awarded a production contract for its Surface Electronic Warfare Improvement Program (SEWIP) Block 1B3 to General Dynamics Mission Systems. General Dynamics will deliver Block 1B3 system upgrades over the next five years
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces that in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), it has commenced a 3D seismic acquisition survey of approximately 2