Search results for: Far

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  • 19 March 2013

    Australia’s FAR Ltd has announced a farm in agreement for its three blocks offshore Senegal in West Africa to Cairn Energy PLC,  a major UK listed oil and gas company. Pursuant to the farm in agreement, which is subject to Senegalese Government approval, Cairn will operate and carry FAR through an exploration well expected to be drilled in […]

  • 3 July 2017

    The government of The Gambia has approved FAR Limited’s acquisition of 80 percent interest in offshore Blocks A2 and A5 from Erin Energy Corporation. To remind, FAR bought 80 percent interest and operatorship of Erin Energy’s two offshore blocks, close to the SNE discovery offshore Senegal, back in March 2017. Under the terms of the […]

  • 1 August 2017
    Business & Finance

    Australian oil and gas exploration and development company FAR Limited has proposed to appoint Tim Woodall as a non-executive director of the board. According to FAR’s statement on Tuesday, Woodall brings over 25 years’ experience in the global oil and gas sector across investment banking and senior executive roles with exploration and production companies. He […]

  • 7 July 2015
    Business & Finance

    Farstad Shipping ASA took delivery today, July 7, 2015, of subsea -/construction vessel Far Sentinel from Vard Langsten. In addition, the company landed several new contracts for its vessels.  Total value of new contracts, excluding options, is approx. NOK 600 million ($73.2 million). The Far Sentinel is designed for subsea construction/IMR operations to 3,000 meters water […]

  • 13 September 2017

    Australian oil and gas explorer Far Limited has denied allegations made in a news story recently published by Upstream, an oil and gas news source, related to an alleged dispute with the UK-based Cap Energy.  Namely, Upstream recently reported on an alleged spat between Far and Cap over access to 3D seismic data acquired by Far […]

  • 21 November 2017

    Two Far Limited-operated prospects located in Blocks A2 and A5 offshore The Gambia have a combined best estimate prospective resource of 1.1 billion barrels of oil.

  • 24 October 2019

    Australian oil company FAR has said its blocks in the Gambia might hold 1.2 billion barrels of oil.

  • 26 February 2018
    Business & Finance

    FAR Ltd has signed a farm-out agreement with a subsidiary of Petronas to assign a 40% interest in each of the offshore petroleum licenses, Blocks A2 and A5 in The Gambia.

  • 12 December 2014
    Business & Finance

    Norwegian provider of offshore vessels Farstad Shipping has been awarded several new charter contracts for its anchor handling tug supply (AHTS) vessels in Australia.  Inpex has awarded contracts to the AHTS Far Sabre (2008, UT 712 L, 14.688 BHP) and the AHTS Far Sound (2007, UT 712 L, 14.688 BHP). The contracts are expected to […]

  • 22 August 2012
    Business & Finance

    Emirates Shipping Line announced its FGX – Far East Gulf Express Service. Emirates has slots on Hanjin’s PSG premier Asia to Middle East service. The first sailing of FGX will commence from Pusan on 3rd September. The port rotation is Pusan / Shanghai / Ningbo / Yantian / Singapore / Jebel Ali / Dammam / […]

  • 21 June 2017

    Woodside has informed that Senegal’s Minister of Energy and the Development of Renewable Energy has issued a ministerial order “which provides further confirmation” of Woodside’s participation in the joint venture developing the giant SNE oil discovery offshore Senegal. Woodside last year bought a stake from ConocoPhillips in the joint venture developing the SNE oil field offshore Senegal, […]

  • 1 October 2019

    FAR Limited has obtained an additional interest in its two operated Gambian blocks and signed new licenses for the blocks thereby resetting the exploration periods.

  • 31 January 2018

    Australia-based FAR Limited is preparing to drill at its Samo prospect offshore The Gambia in late 2018. 

  • 24 January 2019

    CGG has completed the seismic acquisition across FAR Limited’s permit WA-458-P located offshore Australia. 

  • 29 May 2017
    Business & Finance

    Albert Brindal, a non-executive director of Australian oil and gas company Far Limited, has decided to retire after being on the company’s board of directors for the better part of the decade. Far said on Monday that Brindal served 17 years with the company including almost ten years on the board. He was also a member […]

  • 10 May 2018

    Solstad Farstad subsidiary Farstad Marine has sold one of its platform supply vessels to an undisclosed buyer.

  • 7 January 2020
    Business & Finance

    Shearwater GeoServices has been awarded a 3D Isometrix seismic acquisition project by FAR Gambia. 

  • 28 August 2018
    Exploration & Production

    The Government of The Republic of The Gambia has approved the assignment by FAR Gambia of a 40% interest in petroleum licences for offshore Blocks A2 and A5 to a subsidiary of Malaysia’s Petronas. 

  • 8 February 2016

    Far Ltd has informed that the oil contingent resource estimates for the SNE oil field have been increased. The company commissioned RISC Operations to prepare an Independent Resources Report for Far’s SNE oil field offshore Senegal. The project is operated by Cairn with 40% stake. Other partners are ConocoPhillips 35%, FAR 15% and Petrosen 10%. According to Far, the report was prepared as at […]

  • 16 June 2020
    Business & Finance, Business developments & projects, Infrastructure, Vessels

    Norwegian vessel owner Solstad Offshore has won a contract for two of its anchor handling tug supply (AHTS) vessels from Brazilian oil company Petrobras.

  • 25 August 2017

    The government of Guinea-Bissau has approved FAR Limited’s equity increase and change in terms for the country’s offshore licenses. The Australian oil and gas company  informed on Friday it has received official confirmation that the increase in equity and amendments to the Guinea-Bissau licenses announced on April 4, 2017, have been approved by Government Decree. These changes […]

  • 5 April 2012

    With wind farms getting bigger and bigger it means that the need for materials and personnel is also growing. The previous article described this growth in the need for support vessels sailing to and from wind farms under construction, or needing maintenance, transferring materials and personnel. But when do the support vessels stop being the only solution for transferring […]