Africa
Polarcus gets LoI for seismic survey offshore West Africa
Polarcus Limited has announced that the Company has received a Letter of Intent for a 3D marine seismic acquisition project for an undisclosed client offshore West Africa. The project, subject to the execution of a service contract, will start in July 2014 and is expected to run for approximately th
Polarcus Gets LoI for 3D Seismic Survey Off West Africa
Polarcus Limited announces that the Company has received a Letter of Intent for a 3D marine seismic acquisition project for an undisclosed client offshore West Africa. The project, subject to the execution of a service contract, will commence in July 2014 and is expected to run for approximately thr
Most popular articles of the week, June 9 – 15, 2014
Most popular articles of the week, June 9 – 15, 2014
Top News – June 9 to 15, 2014
Van Oord Strengthens Its Position in UK Van Oord, a leading international contractor specialising in dredging, marine engineering and offshore projects, has reached an agreement in principle on the acquisition of UK specialist marine civil contractor J.T. Mackley & Co Ltd. UK: Person Missing after
CLOV Adds 37,000 Barrels of Equity Oil Per Day for Statoil
Statoil has reported that the large CLOV field in Block 17 offshore Angola came on stream on June 12 in line with the initial project schedule. Statoil has a 23.33% interest in Block 17, which is operated by Total (40%). The other CLOV partners are Esso Exploration Angola (Block 17) Limited (20%) an
Carrier Profitability in Danger of Imminent Seafarer Shortage
The current shortage of officer corps seafarers is forecast to worsen and risks impacting carrier profitability, according to Drewry’s recently published Manning 2014 Annual Report. Owners and managers need seafarers – and they want experience, expertise and quality. However, they do not have the re
CLOV to add 37.000 boepd to Statoil’s Angola production
The large, Total-operated CLOV field in Block 17 offshore Angola which came on stream on June 12 will add up to Statoil’s oil production. Norwegian oil giant’ Statoil has a 23.33% interest in Block 17, which is operated by Total (40%). The other CLOV partners are Esso Exploration Angola (Block 17) L
Tower Resources to Plug and Abandon Welwitschia-1A Well Off Namibia
Tower Resources plc, the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited has provided the following update with respect to the Welwitschia-1A well on PEL0010, offshore Namibia. The Rowan Renaissance drillship starte
Welwitschia well disappoints (Namibia)
Repsol will plug and abandon the Welwitschia-1A well offshore Namibia, Tower Resources, a partner in the well, has said.
Malaysia: J2 Subsea Presents Titanium ROV Dredger
J2 Subsea, an Acteon company, is showcasing the We3D, WeSubsea’s new 3” titanium remotely operated vehicle (ROV) dredger at Subsea Asia this week in Kuala Lumpur, Malaysia. Acteon companies J2 Subsea and Seatronics are now offering WeSubsea´s full range of titanium dredgers from worldwide locations.
CLOV start up to boost Exxon Mobil production
Exxon Mobil Corporation today announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months. CLOV is the fourth major development hub of Total-operated Block 17, after Girassol, Dalia and Pazflor. An ExxonMobi
PIRA: Spot Market Remains Long
NYC-based PIRA Energy Group reports that the spot market remains long, awaits Asian 3Q buying for peak summer demand. In the U.S., last week had the fifth largest injection on record. In Europe, producers play central role in European spot price outlook. Specifically, PIRA’s analysis of natural gas