Fossil Energy
Oil production in July beats NPD forecast (Norway)
So far this year the oil production is about 1 percent above the NPD’s prognosis.
Ophir returns to profit on Tanzanian assets sale
Ophir Energy, an independent oil and gas exploration company focused on Africa, has reported net profit after tax of US$339.1 million, compared to $19.4 million loss in the same period last year.
Noreco revenues up on increased production levels
Norwegian Energy Company ASA (Noreco) today reported its first half year revenues were NOK 702 million, compared to NOK 462 million for the same period last year. Significantly higher production is the main contributing factor for the increase in revenues. Noreco’s share of oil-and gas production wa
Fastnet agrees improved Deep Kinsale terms
Fastnet has entered into an amended exclusive option agreement with PSE Kinsale Energy Limited, a wholly owned subsidiary of PETRONAS, in relation to the “Deep Kinsale Prospect” in Ireland. The Deep Kinsale Prospect extends from 4,000 feet subsea below the producing Kinsale Head gas field and is def
Aker Solutions, DNV GL sign collaboration deal
Aker Solutions has awarded DNV GL a global frame agreement to pave the way for better technology collaboration, more efficient project execution and considerable cost savings.
Statoil gets consent for Pingvin well. Has to wait for oil layer nod
Norwegian oil giant Statoil will drill another well in the Barents sea, offshore Norway, following an unsuccessful three-well drilling campaign in the Hoop area.
Northern Offshore profit rises
Northern Offshore, Ltd. has reported net income for the three months ended June 30, 2014, of $9.3 million, or $0.06 per diluted share.
EY: Oil & Gas megaprojects exceed budgets. Cost overruns reach $500B
The report – ‘Spotlight on megaprojects’ examines the performance of 365 megaprojects and the impact on the oil and gas industry of these overruns.
Offshore boosts Boskalis’ 1H
Royal Boskalis Westminster N.V. (Boskalis) reported a net profit of EUR 253 million in the first half of 2014 compared to EUR 123 million in the same period of 2013.
‘Sanco Sword’ begins ‘Spanish Point South’ survey
Providence Resources P.l.c., ( the Irish oil and gas exploration and appraisal company has announced that 3D seismic surveying operations have begun on Frontier Exploration Licence (FEL) 1/14 (‘Spanish Point South’) in the northern Porcupine Basin, offshore west of Ireland. The water depth across th
Dolphin bags South America extension
Norway’s Dolphin has secured a contract extension of approximately 50 days on an ongoing 3D seismic project in South America.
North Energy, Noreco swap assets offshore Norway
North Energy ASA and Noreco Norway AS have entered into an agreement on swapping interests in production licences offshore Norway.
Faroe Petroleum appoints ‘Oil Woman of the Year’ as director
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, has appointed Jorunn Saetre as an Independent Non-Executive Director. Saetre is Norwegian and a chemical engineer by back
BP gives nod for Juniper project. First unmanned platform in Trinidad
BP today announced the sanction of its Juniper offshore gas project in Trinidad & Tobago. The project will feature the construction of a normally unmanned platform together with corresponding subsea infrastructure, a first for BP Trinidad and Tobago. Fabrication is proposed to begin in 4th quarter,