New Developments
London-listed West African oilfield player, Afren, has secured development approval of the Okoro Setu project offshore Nigeria after securing a $200-million loan facility and appraisal drilling. 
French oil major T otal has two new oil finds in the north of its Moho-Bilondo permit offshore the Republic of the Congo, where water is a kilometre deep. 
Houston-based rotating-equipment maker Dresser-Rand will supply 30-megawatt turbo-power machinery for Statoil’s semi-sumbersible production platforms at the Gjoa field 50 kilometres off southeast Norway. 
An ice-class floating production, storage and offloading vessel, or FPSO, appears to be frontrunner in oil company ENI’s search for a solution at the Goliat field in the Barents Sea, OilGas24 sources have revealed. 
Workers braving Canada’s oil-sands development in northern Alberta will be housed in an expanded Wapasu Creek Lodge, after Houston-based supplier group Oil States on Thursday announced plans to build for US$18 million more. 
Five Australian oil and gas companies have formed an Alliance to collectively acquire hydrocarbon projects together focusing initially on Africa. The companies have signed a Memorandum of Understanding (MOU) which will allow them to pool their resources in seeking, evaluating and acquiring high value projects. 
Aussie independent ROC Oil Co. said Tuesday that weather and topside construction delays have pushed up the price of oil foom the Blane project in the U.K. sector by 20 percent. 
High Arctic Energy Services Trust has been awarded a five-year contract with Kuwait Oil Company (KOC), the country's national oil company, to provide services for workover operations. 
Calgary-based North Sea player Oilexo plans to drill “a three-leg well” into the 1994 Ptarmigan oil find from the middle of April onward, it was learned Monday. 
The Norwegian Oil and Energy Ministry has given U.K. oil producer BP the nod to go ahead and hire the suppliers it needs for the Valhall platform after approving the company’s plan for production and development. 
Norwegians are getting so geared up for Arctic energy horizons that include the Goliat, Nucula, Snoehvit and Russian-sector Shtokman finds, that cadres of eager recruits are being trained in Maritime Arctic Competance, OilGas24 learned Wednesday. 
SCAN Geophysical ASA (SCAN) has agreed to sell its three new building high capacity 3D vessels, including complete seismic equipment, to Ship Finance International Limited (Ship Finance) based on a total price of USD 210 million, or USD 70 million per vessel. The agreement includes a lease-back over 12 years with purchase options after 6, 10 and 12 years. 
The Norwegian Parliament has approved Statoil and partners’ NOK2.4-billion ($391 million) development plans for the Alve field, including the right to build a pipeline to the nearby Norne field in the Norwegian Sea. 
Hydro in Brazil and 50-50 partner Anadarko have declared the Peregrino oil field worthy of commercializing, and have sent their development application to the Agência Nacional do Petróleo in Rio de Janeiro, a statement late Thursday said. 
An oil-company business of GlobalSantaFe’s has farmed into the Celtic Sea’s Spanish Point acreage in a deal with Dublin-listed Providence Resources, it was learned Thursday. |
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