Fossil Energy
Sembmarine: Golden Eagle LQ Module to Be Completed in May
A project milestone was achieved Monday on the Golden Eagle Living Quarters module, currently under construction on Sembmarine SLP’s Lowestoft Yard. The 70 tonne cantilevered Helideck was positioned adjacent to the top deck of the six storey offshore structure in a single lift. The LQ module which i
Lundin Petroleum’s 2P Reserves at 194 Million Barrels
Lundin Petroleum AB, a Swedish independent oil and gas exploration and production company, has announced that as at 31 December 2013 its net proven and probable working interest reserves (“2P Reserves”) are 194.1 million barrels of oil equivalent (MMboe), its best estimate (“2C”) Contingent Resource
ABB: Power Systems Division Delays Hit ABB’s 4Q Results
ABB said its fourth-quarter 2013 results were adversely impacted mainly by charges for storm-related project delays and some operational issues in the Power Systems (PS) division. Additional restructuring-related charges were taken in response to the division’s soft order intake in 2013. The company
Statoil to Use Ocean Vanguard in PL 265 (Norway)
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/2-19, in the Norwegian part of the North Sea. Well 16/2-19 will be drilled from the Ocean Vanguard rig at position 58°54’12.3” north and 2°29’37.8” east in production licence 265 in the central part of
Petrolia Norway Wins Stake in North Sea Licence
Petrolia Norway AS, a fully owned subsidiary of Petrolia SE, has been awarded a new license in the 2013 Award in Predefined Areas (APA) in Norway. “Petrolia Norway is pleased to have been awarded 20 per cent of license PL 739S in APA 2013. This was the only license we applied for of the licenses [&h
Hurricane Energy Preparing AIM IPO. Hires ‘Sedco 712’ Rig
Hurricane Energy plc, the UK oil company focused on hydrocarbon resources in fractured basement reservoirs, intends to seek Admission to the AIM market of the London Stock Exchange plc. AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible
Topaz Buys Two Large Anchor Handlers for $100 M
Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announces the acquisition of two large and modern Anchor Handling Towage and Supply Vessels (AHTSV) at a purchase price in excess of US$ 100 million. The vessels, the Casp
Noreco to Focus on Mature Areas of Norwegian Shelf. Wins Five New Blocks
Noreco has been awarded five new licences in the 2013 Awards in Predefined Areas (APA) in Norway. In two of these, Noreco has been offered operatorship. “We are satisfied with this result and see this as recognition of our efforts to develop applications of high quality. We are also pleased that the
Two New Licences for Atlantic Petroleum Norge
P/F Atlantic Petroleum announced that Atlantic Petroleum Norge AS (a wholly owned subsidiary of P/F Atlantic Petroleum) has been awarded new licences in the APA 2013 Licensing Round on the Norwegian Continental Shelf (NCS) announced by the Ministry of Oil and Energy on the 21st of January, 2014. The
North Energy Bags Six New Production Licences (Norway)
North Energy was awarded no less than six new production licences from the 2013 round of awards in predefined areas (APA), according to an announcement from the Ministry of Petroleum and Energy. These awards cover all three regions of the Norwegian continental shelf (NCS) and represent a substantial
Faroe Petroleum Becomes Operator of Two NCS Blocks
Faroe Petroleum has been awarded 10 new prospective exploration licences, including two operatorships, under the 2013 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf. These 10 licences equate to the largest number awarded in this APA round, equal with Cen
APA 2013: High Five for Maersk Oil
Maersk Oil Norway was granted five new licences; two in the North Sea and three in the Barents Sea; in today’s APA (Awards in Predefined Areas) licence round. “The new licences are a welcome addition to Maersk Oil Norway’s portfolio. Maersk Oil has a global target of sustaining an entitlement produc
Norway Offers 65 Production Licences to 48 Companies
Today, January 21st, the Norwegian government has sent offers to 48 companies for 65 new production licences on the Norwegian continental shelf. The offers are being issued after the authorities have evaluated applications from 50 companies in the Awards in Pre-defined Areas (APA) 2013. Of the 65 pr
Spectrum Completes 2D Survey Offshore Croatia. Bid Round in Q2, 2014
Spectrum has successfully completed its Multi-Client 2D seismic acquisition survey offshore Croatia. This new seismic survey provides, for the first time, approximately 15,000 kilometers of modern long-offset 2D data. The seismic survey covers the majority of offshore Croatia using a 5 km x 5 km gri