Fossil Energy
Centrica Energy Upstream Profits On the Rise (UK)
Centrica, a British multinational utility company headquartered in Windsor, United Kingdom, today announced that its upstream gas and oil profitability increased by 20% to £919 million in 2012 (2011: £769 million), reflecting higher production volumes and higher achieved prices. The company’s total
Aker Solutions Completes Enovate Acquisition
Norway’s Aker Solutions confirms that the transaction to buy a majority stake in Enovate Systems Limited, a leading technology company within subsea well control equipment, has been closed. Enovate, which currently employs 62 people, has developed a wide range of unique and patented components and p
Dong to Use Maersk Giant Jack-Up for New Well in Norway
DONG E&P Norway AS, a subsidiary of Denmark’s DONG Energy, has received a drilling permit for well 3/7-9 S in the Norwegian part of the North Sea. The company will use the Mærsk Giant jack-up rig for the operation. The drilling programme for well 3/7-9 S pertains to the drilling of a wildcat well in
NPD Presents New Resource Figures for the Southeastern Barents Sea and Jan Mayen
The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen will result in an approximate increase of 15 per cent in the estimates of undiscovered resources on the Norwegian shelf. This corresponds to about 390 million standard cubic metre
Lundin Gets Approval to Drill New North Sea Well (Norway)
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7/4-3. Lundin will drill the well using the Mærsk Guardian jack-up rig. The drilling programme for the well pertains to the drilling of a wildcat well in production licence 495. Lundin Norway AS is the operat
ROC Oil Reports Record Income
ROC Oil, Australia’s independent upstream oil and gas company with assets in China, Malaysia, Australia and UK, today announced it has more than doubled its full year net income. The oil company reported full year 2012 net profit after income tax of US$61.0 million compared to US$27.7 million achiev
Repsol Raises Cash for Upstream Growth. Sells LNG Assets to Shell
Spain’s Repsol has reached an agreement with Shell for the sale of its LNG assets for $6.7 billion which includes the minority stakes in Atlantic LNG (Trinidad & Tobago,) Peru LNG and Bahia de Bizkaia Electricidad (BBE) as well as the LNG sale contracts and time charters with their associated loans
FMC Technologies Bags $1.48 Bln Subsea Services Deal in Norway
Norway’s oil giant today announced it has signed a frame agreement with the U.S.-based oilfield equipment provider, FMC Technologies, for subsea operations services on the Norwegian Continental Shelf (NCS). The scope of works covers service and maintenance of subsea production systems during install
WGP Receives LOI for PRM at Statoil’s Offshore Fields
WGP has received and executed a letter of intent with Statoil ASA, the Norwegian energy company , to provide long-term seismic acquisition services for permanent reservoir monitoring of the Snorre and Grane oil fields in the Norwegian sector of the North Sea. The seismic acquisition contract shall b
Aker Solutions Pens Valuable Frame Agreement with Statoil
Aker Solutions, the international oil services provider, has as one of several suppliers been awarded a frame agreement with Statoil for the delivery of subsea operations and services on the Norwegian continental shelf. Subsea operations and services covers installation of subsea equipment, maintena
Deep Sea Supply Optimistic for OSV Market in 2013
Deep Sea Supply (DESS), a Cyprus-headquartered owner and operator of a fleet of offshore support vessels, in its quarterly report today said it remained cautiously optimistic for the OSV market in 2013. The company which recently entered the joint venture transaction with BTG Pactual in Brazil which
Mackenzie Leaves Centrica to Become BHP Billiton CEO
Centrica, a British multinational utility company headquartered in Windsor, United Kingdom, announces that Andrew Mackenzie is to step down as a Non-Executive Director of Centrica plc with effect from 10 May 2013. He joined the Board as a Non-Executive Director in September 2005. Andrew Mackenzie wa
Bourbon Takes Delivery of New IMR Vessel
BOURBON has taken delivery of the Bourbon Evolution 803, the 3rd vessel in the 1st large IMR series for the offshore industry. The first two sisterships already operate in West Africa. Resource exploration is going into increasingly deep waters and the new milestone for oil and gas marine industry o
Subsea 7 Clinches $285 Mln UK North Sea Contract
Subsea 7 S.A. today announced the award of a contract from Talisman Sinopec Energy UK Limited to install two 5 kilometre pipeline bundles in the UK North Sea. The contract, valued at US$285 million is for the provision of subsea construction services in support of Talisman Sinopec Energy UK’s Montro