Business & Finance
Israel: Adira Energy Finalizes Yitzhak Farm-Out
Israel’s Petroleum Commissioner has granted approval to Adira Energy Ltd. for the farm-out of 25% of its interest in the Yitzhak offshore license to the AGR Group and Ellomay Oil and Gas 2011 LP, pursuant to a series of Farm-Out Agreements announced on December 5, 2011. The Agreements are now uncond
Tobago: FREIF and Beowulf Acquire Stake in ECGPC and its Undersea Gas Pipeline Project
First Reserve’s Energy Infrastructure Fund (“FREIF”) announced it has partnered with Beowulf Energy (“Beowulf”) to invest in power generation and midstream assets in the Eastern Caribbean. The initial investment consists of the purchase from Beowulf of a substantial equity stake in Trinity Power Lim
Vroon’s new AHTS Bound for Singapore Market
Vroon Offshore Services (VOS), a shipping company established a century ago in the Port of Breskens, the Netherlands, have taken delivery of a new addition to their offshore fleet. The vessel VOS Athena, 59.25 m in lenght, was delivered from the Fujian Southeast Shipyard in China at approximately 11
VOS Takes Delivery of New AHTS Vessel from Chinese Shipyard
Vroon Offshore Services announced that the company has taken delivery of a new addition to their offshore fleet, VOS Athena. The vessel was delivered from the Fujian Southeast Shipyard in China at approximately 11.00 hours local time. She is an “A class” anchor handling tug supply (AHTS) vessel and
AXYS Supplies CSIRO with TRIAXYS Wave Sensor for Marine Observing Program in Australia
AXYS Technologies Inc. (AXYS), together with its Australian representative Metocean Services International Pty Ltd, have recently supplied Commonwealth Scientific and Industrial Research Organization (CSIRO) with a TRIAXYS™ Sensor to be used as part of Australia’s Integrated Marine Observing System
African Petroleum Acquires Offshore Block in Ivory Coast
African Petroleum Corporation Limited, an oil and gas company focused on exploration in West Africa region, has entered into an agreement with PETROCI and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI-513 (“Permit”). The block is located in the Western Of
Norway: Seven Oil Companies Purchase NPD’s Seismic Data Package
Seven oil companies have purchased the Norwegian Petroleum Directorate’s seismic data package from Lofoten and Vesterålen, and several more have indicated their interest. The seven oil companies that have purchased the seismic data package are Statoil, ExxonMobil, Norske Shell, RWE Dea Norge, GDF Su
ABB Commissions Subsea Power Link Between Finland and Sweden
ABB, the leading power and automation technology group, has successfully commissioned a power link between Finland and Sweden. The HVDC (high-voltage direct current) Fenno-Skan 2 link is a cable-based power transmission system that enables the exchange of an additional 800 MW of power between the tw
Norway: GDF SUEZ E&P Norge Completes Replacement of Gjøa Riser
The Gjøa gas export riser replacement project has completed its activities within less than 10 months. The Gjøa facility is now producing according to current reservoir production potential. – The execution of the project went very well, thanks to careful planning and strict coordination, plus the a
Norway: New Gas Export Riser for Gjoa
The Gjøa gas export riser replacement project has completed its activities within less than 10 months, reported the field operator GDF Suez. The Gjøa facility is now producing according to current reservoir production potential. “The execution of the project went very well, thanks to careful plannin
Norway: Seven Oil Companies Buy NPD’s Seismic Data Package
The Norwegian Petroleum Directorate today reported that seven oil companies have purchased it’s seismic data package from Lofoten and Vesterålen, and several more have indicated their interest. The seven oil companies that have purchased the seismic data package are Statoil, ExxonMobil, Norske Shell
FPSO OSX-1 Heads Towards Campos Basin
The FPSO OSX-1, the first oil and gas floating production, storage, and offloading unit in OSX´s fleet, is heading today towards Waimea, in the Campos Basin where it will begin the process of producing the first oil for its anchor client OGX. The unit was built in Korea and customized in the Keppel
MEO Australia Executes Contract with CGGVeritas for Three Seismic Surveys
MEO Australia Limited advises that it has executed a contract with CGGVeritas Services SA for the acquisition of three marine seismic surveys including 170 line km long-offset 2D seismic in exploration permit AC/P53 and two separate 3D surveys totalling 1,108 km2 across exploration permits AC/P50 an
Brazil: FPSO OSX-1 En Route to OGX’s Waimea Accumulation
The FPSO OSX-1, the first oil and gas floating production, storage, and offloading unit in OSX´s fleet, is heading today towards Waimea, in the Campos Basin where it will begin the process of producing the first oil for its anchor client OGX, a largest privately owned oil and gas company in Brazil.