Fossil Energy
Two Seas Sells Its Porcupine Basin Interest to Woodside (Ireland)
Two Seas Oil & Gas Ltd, a privately owned firm founded in 2010, today announced it has reached a deal with Woodside Energy (Ireland) Pty Ltd for Woodside to acquire their entire 60% interest in the Porcupine Basin Licensing Option LO 11/10, offshore Ireland. The Licensing Option was originally gra
BG Group COO Resigns
BG Group plc today announced that Martin Houston, Chief Operating Officer (COO) and Executive Director, has stepped down from the Board and Group Executive Committee (GEC) with immediate effect, and will retire from the Group by 31 December 2014. Sami Iskander, Executive Vice President Operations
Russians, Koreans Building Shipyard at Russian Far East
On November 13, 2013 Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far Ea
Dolphin Ups Loan for Seismic Equipment to USD 93 Mln
Dolphin Geophysical AS, a wholly-owned subsidiary of Dolphin Group ASA, has today entered into a term sheet with DNB Bank ASA and SpareBank 1 SR-Bank ASA, which contemplates an increase of the existing Loan Facility by USD 20 million to the total amount of USD 93 million. Currently USD 50 million is
FSRU Toscana to Begin with Commercial Activities in December
Commissioning of the regasification plant of OLT Offshore LNG Toscana (FSRU Toscana) is proceeding well and close to completion. The Terminal is fast approaching commercial operations, in line with the company’s program. The start of commercial activities is planned, in fact, within mid December. Al
Siem Offshore Sells ‘Siddis Skipper’ PSV
Siem Meling Offshore DA has entered into an agreement for the sale of the 2004 built Platform Supply Vessel “Siddis Skipper” to an undisclosed buyer at a price of USD 24.5 million. The vessel is scheduled for delivery in first quarter 2014. The sales proceeds will partly be allocated to repayment of
ConocoPhillips to Install New Accommodation Facility at Ekofisk
ConocoPhillips has received consent to use the new 2/4 L accommodation facility at Ekofisk. The Ekofisk field will remain in production far longer than originally planned when the field was first put into production in 1970. This has created a need for a new accommodation facility. The PSA has now
ABT to Farm Into Providence’s Helvick Discovery (Ireland)
Lansdowne Oil & Gas plc, the oil and gas exploration and appraisal company, whose shares are quoted in London (AIM), reports that Providence Resources P.l.c. announced today that it has agreed a phased farm in by ABT Oil & Gas (“ABTOG”) into the Helvick oil discovery, located in SEL 2/07 in the Nort
Atlantic Petroleum Set for Oslo IPO
Atlantic Petroleum today announces that the Company contemplates an initial public offering (IPO) on the Oslo Stock Exchange within the end of the year. The Company’s existing shares are listed on NASDAQ OMX Iceland and NASDAQ OMX Copenhagen, respectively. The contemplated IPO is expected to provi
Mechanical Issues Shut Production from Breagh Field (UK)
Sterling Resources Ltd. announces that the operator of the Breagh gas field, RWE Dea, has advised that production has been temporarily shut-in in order to resolve a number of mechanical issues. The mechanical issues requiring repair have occurred subsequent to field start at the inlet area of the
IHC Merwede CEO Steps Down
IHC Merwede today announced that its CEO, Dirk Philips, will step back from his role within the company. Over the past two months, he has led the Board of Management to formulate some important aspects of IHC Merwede’s future business strategy, as well as the appropriate organisation required to imp
Multiple Charter Deals for Deep Sea Supply
Deep Sea Supply has entered into long term charter contracts for the 3 PSVs “Sea Falcon”, “Sea Flyer” and “Sea Forth” with an international oil company for operations in the North Sea. “Sea Falcon”, “Sea Flyer” and “Sea Forth” have all been awarded charter contracts for up to 5 and 3 years. “Sea F
AMEC Nets Cygnus Field HUC Contract
AMEC, the international engineering and project management company, has been awarded the hook up and commissioning (HUC) support contract for GDF SUEZ E&P UK Ltd’s Cygnus gas field development, the UK Southern North Sea’s largest gas discovery in the last 25 years. The HUC support contract for the f
Irish Gov’t Aims to Maximise Level of Exploration Activity
Irish Minister for Natural Resources, Fergus O’Dowd, yesterday announced the timing and outline of the next Atlantic Margin Oil and Gas Exploration Licensing Round. The full detail of the Round will be announced after a review of oil and gas fiscal terms is complete in early 2014. The Round is sched