Fossil Energy
Wessex Drops Bournemouth Bay Licence (UK)
Wessex Exploration PLC has relinquished interest in a licence located in Bournemouth Bay, South of England. Further to the Company’s AGM statement last month, after detailed discussion with the Department of Energy & Climate Change, the Partners decided to relinquish Promote Licence P1928 (Bournemou
MOG Gets PSC Extension for Malta Area 4
The Board of Mediterranean Oil & Gas Plc announces that agreement has been reached with the Government of Malta for a six month extension to the Production Sharing Contract (“PSC”) covering Area 4 Blocks 4, 5, 6 & 7 (“Area 4”). This extension will enable the Contractors to the PSC to have sufficient
Snohvit Gas Flows Again
Production from the Hammerfest LNG plant has been resumed after a gas leak Sunday night. “We started run-up of the Hammerfest LNG plant Tuesday night, and the plant has now reached stable operation. All necessary repairs on the plant have been completed to ensure a safe and efficient start-up,” says
Lundin Sets 2014 Capex at USD 2.1 Bln
Lundin Petroleum AB (Lundin Petroleum) announces its 2014 development, appraisal and exploration budget which totals USD 2.1 billion. The 2014 expenditure on development projects is budgeted at USD 1.4 billion which represents a 25 percent increase on forecast 2013 development expenditure. The 2014
Deep Sea Supply Receives ‘Sea Spear’ PSV
Deep Sea Supply has taken delivery of the Platform Supply Vessel “Sea Spear” of PX 105 design from Sinopacific Shipyard. The vessel is owned by a company which is 50% owned by Deep Sea Supply and 50% by BTG Pactual. The vessel’s main characteristics are the size of 4700 dwt, 1000 m2 deck area, cle
Songa Offshore Reports High Rig Operating Efficiency in December
Songa Offshore, an international offshore drilling company, has announced its rig fleed update for December 2013. Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 97% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an operation
Greencarrier Expands Services to O&G Industry
Greencarrier Shipping & Logistics AS is planning to expand its services to the oil and gas industry, appointing a new head of the energy and projects business unit and opening an office in Stavanger, Norway. The Scandinavian company, which offers the full range of freight forwarding and logistics
ConocoPhillips’ 4Q Production Hit by Weather-Related Downtime
ConocoPhillips has provided an update on fourth-quarter production guidance. The recent quarter’s average production was negatively impacted by significant weather-related downtime in several operational areas, notably in the Lower 48 and the North Sea. As a result, fourth-quarter production for con
KONGSBERG Moves Operations to ‘Subsea Valley’
As from the 1st of January, KONGSBERG has installed 330 employees in a new building in Asker, Norway. Located in the heart of “Subsea Valley”, the new office building will be the main headquarters for the Group’s Oil & Gas business area in addition to accommodating some of the Group’s defence activi
Noreco’s December 2013 Production Rises
Norwegian Energy Company (Noreco) in December 2013 produced 5 269 barrels of oil equivalents (boe) per day. Net realised price in December was USD 100.7 per boe (USD 110.3 per barrel of oil) after adjustments for inventory, NGL and gas prices. For the fourth quarter 2013, production was 4 628 boe pe
Aker Solutions Names New Head of UK Business
Aker Solutions hires David Currie as head of its UK business to help lead the company’s expansion in a key market. Currie comes from FMC Technologies, where he has since 1985 held various positions, most recently as director of global subsea operations. A native of Scotland, he will be based in Aber
GDF SUEZ: First Gas Produced from Juliet Field (UK)
GDF SUEZ announces first gas production from the Juliet field, a subsea development on the western flank of the Southern Gas Basin, 39 km East of the Lincolnshire coastline in the United Kingdom. Initial gas has been produced from the West Well, the first of two wells to be drilled. The second well
EMGS Short on Expected Contract Revenues
Based on preliminary accounts Electromagnetic Geoservices ASA (EMGS) expects revenues for the fourth quarter and full year 2013 of about USD 45 million and USD 145 million respectively. This is lower than guided by the Company in the third quarter report. EMGS announced that it expected approximatel
Statoil Receives Approval to Use ‘Floatel Superior’ at Kvitebjorn
Statoil has received consent to use the Floatel Superior mobile accommodation facility at Kvitebjørn until 1 March 2014. The Kvitebjørn field is situated east of the Tampen area, in the northern part of the North Sea. The field has been developed using an accommodation, drilling and process facility