Fossil Energy
Centrica Spuds Butch East Well (Norway)
Faroe Petroleum has announced the spudding of the Centrica operated Butch East exploration well 8/10-5S (Faroe 15%), the first of two back-to back-wells in Licence PL405/PL405B. Butch East, which is adjacent to the Company’s 2011 Butch discovery, is situated in approximately 65 metres water depth in
Breagh Field Back in Production
Sterling Resources Ltd. has announced the restart of production from the RWE Dea-operated Breagh gas field in the UK part of the North sea, on December 27, 2013. This follows a period of approximately seven weeks shut-in as a result of a significant production incident on November 7th, as reported e
Gas Leak at Statfjord A Platform
On Saturday 28 December, an oil and gas leak was reported on the Statfjord A platform in the North Sea, Norwegian oil company Statoil has informed. Statfjord A was depressurized and shut down. The leakage has been stopped, and the site of the leak has been found and isolated. There were 168 workers
Wood Group ODL, BP Sign Document Control Contract
Wood Group ODL has scored a five year, multi-million pound contract to provide document control and information management services to BP’s North Sea business. The contract was awarded through a competitive tender process and is effective January 2014. It marks 11 years continuous service to BP by W
Top News of The Week, December 23 – 29, 2013
Top News of The Week, December 23 – 29, 2013
Dong Energy, Partners Awarded Acreage Offshore Greenland
The Greenland Bureau of Minerals and Petroleum has awarded a licence to a partnership consisting of Eni, BP, NUNAOIL and DONG Energy. ”Oil exploration in Greenland is at an early stage. Initially, we will use the new licence to get a better and more detailed understanding of the geology in the entir
Board Director Buys 7.000 Shares in Prosafe
Roger Cornish, Director of the Board of Prosafe SE, on 23 December purchased 7,000 shares in Prosafe SE at NOK 45.542774 per share. After this, Cornish owns 7,000 shares in Prosafe SE. Cornish, born in 1948, has worked 12 years as CEO of Interconnector UK, was president and general manager of BP Exp
‘Arctic 30’ Go Home
The Arctic 30, the Greenpeace activists detained in Russia after boarding the Prirazlomnaya offshore platform in the Pechora sea in September, are going home. They are leaving Russia today and over the weekend. A plane carrying five Britons and a Canadian took off shortly after 11:30 am local time f
Gazprom, SOCAR Hold Working Meeting
The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR). The meeting addressed the status of cooperation in the energy sector, partic
Rosneft Repays Part of Loan Used for TNK-BP Acquisition
Russia’s Rosneft has repaid a portion of a loan received earlier from a group of international banks to support the acquisition of TNK-BP. With the early repayment announced earlier, the overall amount paid towards the settlement of the principal debt totaled around USD 5.1 billion. Igor Sechin, Pre
Russia Drops First Criminal Charges Against Arctic 30 Activist
Russia has dropped the first criminal charges against Arctic 30 activist Anthony Perrett. As Greenpeace reports, Mr. Perrett has requested an exit visa from the Federal Migration Service to allow him to leave Russia. Anthony is one of the people who were seized when the Greenpeace ship Arctic Sunris
BASF, Gazprom Swap Assets
Yesterday in Moscow, BASF and Gazprom signed the final agreement to swap assets of equivalent value. Through the swap, the BASF subsidiary Wintershall will further expand its production of oil and gas and exit the gas trading and storage business. The completion of the transaction is expected to tak
IOG to Replace ATP as Skipper, Blythe Operator
Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, announces it has been advised by ATP Oil and Gas UK Ltd (‘ATP UK’) that it no longer has a rig contract in place for the drilling of the planned Skipper appraisal well, which was scheduled for Q3, 2014. IOG has […]
Lundin Gets Drilling Permit for North Sea Well
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/3-8 S, in the Norwegian Sector of the North Sea. Well 16/3-8 S will be drilled from the Bredford Dolphin drilling facility at position 58°48’23.35’’ north and 02°40’27.67’’ east in production licence 501 i