Fossil Energy
Ascent Resources Sells Dutch Assets to Tulip Oil
Ascent Resources plc, the AIM listed European oil and gas exploration and production company, today announces that it has agreed to dispose of its full interests in the Netherlands Exploration Licences Terschelling-Noord and M10a & M11 to Tulip Oil Netherlands B.V. for a total cash consideration of
Spectrum Begins 2D Seismic Survey in UK
Spectrum has early August 2013 kicked off the acquisition of a new high quality 2D Multi-Client seismic survey in the Southern Gas Basin, UK. The survey area, covering 15+ blocks, is predominantly acreage available for the 28th License Round expected to open January 2014. The acquisition will focus
Noreco: Technical Problems Keep Several Fields Shut Down
Norwegian oil company Noreco is struggling with its producing oil and gas fields. In its production report for July the company said it has produced 3873 barrels of oil equivalent per day. The company revealed it has been experiencing technical problems at several fields. Technical issues related to
40 Students Shortlisted for SPE’s Europe Petro League (UK)
Around 40 oil and gas students from across Europe have been shortlisted to take part in the inaugural Europe Petro League, a new competition launched by the Society of Petroleum Engineers (SPE) Aberdeen Section. Round one of the competition saw panellists from Shell, Schlumberger and Gaffney, Cline
Wood Group Continues to Provide ISC for Triton FPSO
Wood Group PSN (WGPSN) has retained its contract with Dana Petroleum for integrated support services (ISC) in the North Sea, marking more than 14 years of continuous service as prime contractor on the Triton FPSO. The contract is for two years with the option of a one-year extension and estimated to
Farstad Secures 10 AHTS Charter Deals Worth $59 Million
Norway’s Farstad Shipping ASA has announced it has secured several charter deals for ten of its offshore vessels. The contracts are as follows: AHTS Far Sky (1991, ME 303 II, 13,382 BHP) and AHTS Far Grip (1993, UT722, 14,388 BHP) have been awarded contracts by ENI Australia Ltd. for a fixed period
‘The Independent Oil Company – mighty oaks from little acorns grow’
A conference held at Offshore Europe will address the lack of available funding for the vital roles independent oil companies play in stimulating exploration activity and growing the industry. Independent energy consultancy, Asset Development and Improvement Ltd (ADIL) will chair a high level discus
Kosmos Energy Records 2Q Net Loss of $71 Mln
Kosmos Energy Ltd. announced today financial and operating results for the second quarter of 2013, which included a net loss of $71 million, or $0.19 per basic and diluted share. These results include the previously announced Sipo-1 charge of $76 million net. For the second quarter of 2012, Kosmos r
Cavotec to Provide Steel Drag Chains for Gullfaks B
Global engineering group Cavotec has won its largest single order in the oil and gas segment in its history. The Group is to supply, install, test and commission stainless steel drag chains as part of an extensive upgrade of a Statoil oil platform in the North Sea. “This installation is a major achi
Keppel Wins $79 Mln Upgrade & Repair Jobs
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiaries, Keppel FELS and Keppel Verolme, has secured upgrade and repair contracts totaling about S$100million (USD 79 million) from repeat customers. Keppel FELS in Singapore will be undertaking the upgrade and modification of
New Norwegian Continental Shelf Map Available for Free Download
The Norwegian Petroleum Directorate has made the new Norwegian continental shelf map available for download. The map, “The Norwegian Continental Shelf” shows all fields, discoveries, licensed area and area opened for exploration as of 21 June 2013. The map also provides an overview of all production
Downtime for Songa Trym Caused by BOP Rubber Wear
Songa Offshore, an international offshore drilling company, announces its rig update for July. Songa Venus achieved an operating efficiency of 98% during the month working for Mubadala Petroleum in Vietnam. Songa Mercur was in transit from Cuba to Vietnam for the start-up of the contract with ENI Vi
Topaz Secures Charter Contracts for V. Filanovsky Field (Russia)
Topaz Energy and Marine, a leading offshore support vessel owner with primary operations in the Middle East and Caspian, today announced that it has secured new multi-year charters in the Russian Vladimir Filanovsky project for nine of its offshore support vessels amounting to circa USD 20 million.
Bookings Opened for Annual Offshore Decommissioning Conference (UK)
Bookings have officially opened for the annual Offshore Decommissioning Conference organised by Decom North Sea in partnership with Oil & Gas UK. This year’s event, sponsored by Ernst & Young LLP, will be held at the Fairmont Hotel, St Andrews, on 2-3 October. With annual expenditure for North Sea d