Draka Expands Subsea Power Solutions For Offshore Wind; Oil & Gas Markets

Tuesday, Dec 01, 2009
Draka announced recently the expansion of their subsea power manufacturing capabilities for the Offshore Wind Energy, oil & Gas, and subsea power distribution markets. Draka has expanded its production capabilities to manufacture medium voltage XLPE power cables up to 36kV at its factory located in Drammen, Norway.
Continue reading Draka Expands Subsea Power Solutions For Offshore Wind; Oil & Gas Markets

Venture Announces Further CMS Gas Acquisition

Venture Production plc (“Venture”), the Aberdeen headquartered UK independent oil and gas production company, today announces that it has agreed to acquire additional interests in the Cygnus, Kepler, Copernicus and Humphrey gas discoveries together with interests in three exploration blocks. The four proven but undeveloped discoveries lie close to existing infrastructure in the Caister Murdoch System in the UK southern North Sea and in April 2008 Venture announced its acquisition of an initial 35% interest in each.
Continue reading Venture Announces Further CMS Gas Acquisition

StatoilHydro gas/condensate discovery in the Norwegian Sea

StatoilHydro Petroleum AS, operator of production licence 107, is now concluding the drilling of wildcat well 6407/7-8. The well is located about 16 km north of the Njord field in the Norwegian Sea, and proved gas/condensate. The objective of the well was to prove gas/condensate in reservoir strata from the Middle to Lower Jurassic in a prospect called Noatun.
Continue reading StatoilHydro gas/condensate discovery in the Norwegian Sea

BG Group announces completion of drilling on Iara well in Santos Basin, offshore Brazil

BG Group today announced the completion of drilling on the Iara well (1-BRSA-618-RJS) in the BM-S-11 concession in the deep water, pre-salt Santos Basin. The exploration well discovered 26-30 API gravity crude oil. The well discovered a particularly thick Sag reservoir interval with excellent porosity. This is another first class reservoir discovered in the Santos Basin in which BG Group has several interests.
Continue reading BG Group announces completion of drilling on Iara well in Santos Basin, offshore Brazil

Ithaca Energy Completes acquisition of Stella & Harrier discovery & Secures FPSO for Athena development

Ithaca Energy Inc and its wholly owned subsidiary Ithaca Energy (UK) Limited is pleased to announce it has completed the acquisition of a 66.67% working interest in the Stella and Harrier Shallow discoveries; as well as secured the services of the ‘Uisge Gorm, a Floating Production, Storage and Offloading vessel (FPSO), for the development of the Athena Field. The successful conclusion to both of these agreements follows the completion of the recent equity financing.
Continue reading Ithaca Energy Completes acquisition of Stella & Harrier discovery & Secures FPSO for Athena development