Search results for: pharos

82 results

A list of search results

  • 28 October 2019

    Israel has granted offshore exploration blocks to two consortia of oil companies that placed their bids in the recent licensing round.

  • 4 June 2019
    Business & Finance, Project & Tenders

    An £8.15 million contract to build a new wharf at the remote Sub-Antarctic island of South Georgia was awarded to BAM Nuttall earlier this week. The contract is part of a major investment program to modernize the UK’s Antarctic infrastructure. Commissioned by the Natural Environment Research Council (NERC) and the Government of South Georgia & […]

  • 10 May 2017

    Parkmead, a UK and Netherlands-focused o&g company, has signed a sale and purchase agreement with Verus Petroleum to acquire a 50% interest in the UK North Sea License P.2209, containing the Farne Extension prospect and a further four prospective leads. License P.2209 comprises two adjacent blocks, Block 42/19 and Block 42/20b. With this acquisition, the […]

  • 16 September 2016

    East of England Energy Group (EEEGR) held its 13th annual awards on 14 September, recognising achievements and developments that have highlighted the energy sector over the last 12 months. The ‘Made in Lowestoft’ Dudgeon Offshore Wind Farm Offshore Substation designed and manufactured by Sembmarine SLP in its Hamilton Road yard won the EEEGR Best Energy […]

  • 31 March 2016
    Operations & Maintenance, Technology

    Pharos Offshore Group has designed and built a customized articulation and ballast frame for its SeaVex range of subsea controlled flow excavation (CFE) systems. The new design will allow the SeaVex CFE’s to target excavate products in the vertical plain or at an angle of up to 45° during excavation operations. The articulated SeaVex unit will be […]

  • 31 July 2015
    Business & Finance

    Parkmead, the UK and Netherlands focused independent oil and gas group, has been provisionally awarded three new licences covering three offshore blocks in the UK 28th Licensing Round.  These newly awarded licences are part of the second tranche of 28th Round awards. This latest award follows Parkmead’s award of six licences covering nine offshore blocks […]

  • 6 January 2015
    Business & Finance

    The wreck of the cement carrier Cemfjord which capsized and sank in the Pentland Firth with eight men on board on January 2 has been located on the seabed in the eastern approaches to the Firth, by the lighthouse tender NLV Pharos  the BBC reports.   The U.K.’s Maritime and Coastguard Agency suspended the search for the […]

  • 13 August 2014
    Business & Finance, Project & Tenders

    Karoon Gas Australia Ltd has received a cash payment of US$600 million as a result of the completion of the sale of its 40 per cent interest in Browse Basin permits, WA-315-P and WA-398-P to Origin Energy Limited. A further reimbursement of back costs associated with the Pharos-1 well will be received in the coming […]

  • 1 July 2014
    Business & Finance

    PetroChina and ConocoPhillips have not exercised their pre-emption rights in relation to Karoon’s sale of its 40 per cent interest in the Poseidon exploration permits to Origin, Karoon has reported. This clears the way for Origin’s purchase of the WA-315-P and WA-398-P in Western Australia’s Browse Basin (Poseidon permits) from Karoon. The permits contain large and prospective offshore gas […]

  • 1 July 2014

    Karoon said that the pre-emption rights associated with the sale of the company’s interest in the Browse Basin permits WA-315-P and WA-398-P to Origin Energy have now expired. This clears the way for Origin’s purchase of the permits from Karoon. The current joint venture partners (ConocoPhillips, PetroChina and Karoon), and Origin will now complete transfer documentation, which is subject […]

  • 2 June 2014
    Business & Finance

    Origin Energy Limited (Origin) has entered into a conditional Sale and Purchase Agreement with Karoon Gas (Karoon) to acquire its entire 40 per cent interest in two exploration permits (WA-315-P and WA-398-P) in Western Australia’s Browse Basin (Poseidon permits). These permits contain large and prospective offshore gas fields, such as the Poseidon discovery. ConocoPhillips, the […]

  • 2 June 2014
    Business & Finance, Project & Tenders

    Karoon has entered into a binding Sale and Purchase Agreement with Origin Energy Limited for the sale of the Company’s 40% equity interest in Browse Basin exploration permits WA-315-P and WA-398-P for up to $800 million. Under the terms of the Agreement, the consideration payable to Karoon is structured as follows: – An upfront cash payment […]

  • 2 June 2014

    Origin Energy has entered into a conditional sale and purchase agreement with Karoon Gas to acquire its entire 40 per cent interest in two exploration permits (WA-315-P and WA-398-P) in Western Australia’s Browse Basin (Poseidon permits). These permits contain large and prospective offshore gas fields, such as the Poseidon discovery. ConocoPhillips, the project operator, and […]

  • 2 June 2014
    Business & Finance

    Origin Energy Limited (Origin) today announced it has entered into a conditional Sale and Purchase Agreement with Karoon Gas (Karoon) to acquire its entire 40 per cent interest in two exploration permits (WA-315-P and WA-398-P) in Western Australia’s Browse Basin (Poseidon permits). These permits contain large and prospective offshore gas fields, such as the Poseidon discovery. ConocoPhillips, the project […]

  • 22 May 2014
    Project & Tenders

    ConocoPhillips has kicked off drilling operation at the sixth and final well in the Browse Basin Phase 2 exploration drilling campaign, offshore W. Australia. The Pharos-1 well was spudded at 2240 WST on 20 May 2014. As at 0600 WST on 22 May 2014 the well was drilling ahead in the 17-/2” hole section. The current […]

  • 16 May 2014

    Since the 17 April 2014 Poseidon North‐1 Progress Report, 9‐5/8” casing was run and cemented at 3,820 mRT. The 8‐1/2” hole was then drilled to the final well Total Depth of 5,288 mRT. Final Total Depth was reached at 15:00 WST on Monday 5th of May and was followed by a wireline logging programme. Based […]

  • 16 May 2014
    Business & Finance, Project & Tenders

    ConocoPhillips has reached the final depth at the Poseidon North-1 well, offshore Western Australia, Karoon Gas Australia has informed. Since the 17 April 2014 Poseidon North-1 Progress Report, 9-5/8″ casing was run and cemented at 3,820 mRT. The 8-1/2″ hole was then drilled to the final well Total Depth of 5,288 mRT. Final Total Depth […]

  • 16 May 2014
    Business & Finance, Operations & Maintenance

    Since the 17 April 2014 Poseidon North‐1 Progress Report, 9‐5/8” casing was run and cemented at 3,820 mRT. The 8‐1/2” hole was then drilled to the final well Total Depth of 5,288 mRT. Final Total Depth was reached at 15:00 WST on Monday 5th of May and was followed by a wireline logging programme. Based […]

  • 30 December 2013

    Parkmead has signed an agreement with EWE VERTRIEB GmbH to acquire a 20 per cent. interest in UK production licence P.1293 (Block 14/18b ALL) which contains the Athena oil field. Completion of the acquisition is subject to the usual partner and regulatory approvals. Following the acquisition of Lochard Energy Group PLC, completed in July 2013, […]

  • 30 December 2013
    Business & Finance

    Parkmead signed an agreement with EWE VERTRIEB GmbH (“EWE”) to acquire a 20 per cent. interest in UK production licence P.1293 (Block 14/18b ALL) which contains the Athena oil field. Completion of the acquisition is subject to the usual partner and regulatory approvals.   Following the acquisition of Lochard Energy Group PLC, completed in July […]

  • 22 December 2013

    1. Sandvik to Build World’s Longest Subsea Tunnel (Norway) Sandvik Group, a high-technology, engineering group, is contracted for the world’s longest subsea tunnel project. 2. Fugro Bags Survey Contract from Subsea 7 Fugro has been awarded a contract by Subsea 7 Australia Contracting Pty Ltd to provide survey services to support its Heavy Lift and […]

  • 20 December 2013

    Dana Petroleum has secured a new US$1.5 billion credit facility to help finance the future growth of the company. The facility is made up of an initial committed US$1 billion together with a further US$0.5 billion that can be made available in the future for investment opportunities. This facility refinances Dana’s existing US$870 million facility. […]

  • 13 December 2013
    Storage, Technology

    UTV1200, an SMD built cable burial tool will be ready for operation in the new year. The vehicle has undergone extensive modifications that have enhanced the configuration to provide a more effective post-lay trenching burial vehicle. The previous configuration of UTV1200 (LBT1) allowed for concurrent trenching (mechanical and jetting) of a pre-loaded product, however after […]

  • 12 December 2013

    Dutch shipping company CFL has chosen PRONAUTAS to implement the proven Ku-Band VSAT connectivity solutions on all vessels in their fleet. Headquartered in Amsterdam and well known for its innovative market approach, CFL owns and operates a fleet of young and flexible eco-friendly multi-purpose vessels. PRONAUTAS was selected to provide the VSAT solution thanks to […]

  • 12 December 2013
    Business & Finance

    Dutch shipping company CFL has chosen PRONAUTAS to implement the proven Ku-Band VSAT connectivity solutions on all vessels in their fleet. Headquartered in Amsterdam and well known for its innovative market approach, CFL owns and operates a fleet of young and flexible eco-friendly multi-purpose vessels. PRONAUTAS was selected to provide the VSAT solution thanks to […]