Fossil Energy
Lundin 2013 Exploration Budget Amounts to USD 1.7 Bln
Lundin Petroleum AB (Lundin Petroleum) announced its 2013 development, appraisal and exploration budget which totals USD 1,700 million. 2013 will be the busiest year in the company’s history both in relation to exploration and development activities. The 2013 expenditure on development projects is b
Vroon Expands Fleet with VOS Sweet (The Netherlands)
Vroon, an international shipping company, announced that VOS Sweet has safely completed her voyage from Fujian Southeast Shipyard in China. Vroon Offshore Services’ latest addition to the subsea-support fleet arrived in the Netherlands on Thursday, 3 January 2013. Some final fitting work will be und
Lundin Spuds Appraisal Well on Johan Sverdrup Discovery
Lundin Petroleum AB (Lundin Petroleum) announced that the wholly owned subsidiary Lundin Norway AS has commenced the drilling of appraisal well 16/3-5 in PL501 on the Johan Sverdrup discovery, located in the North Sea sector of the Norwegian Continental Shelf (NCS). The well is located in the south
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Top News of The Week Dec 31 – Jan 5
Top News of The Week December 31,2012 – January 5, 2013 Experts Board Grounded Kulluk Off Alaska A team of six salvage experts boarded the grounded drilling unit Kulluk, off Alaska, to conduct a structural assessment to be used to finalize salvage plans, currently being developed by the Kulluk Tow
Leni, MOG Go to Court Over Malta Deal
Leni Gas & Oil yesterday issued proceedings against Mediterranean Oil and Gas Plc (“MOG”) in the High Court of England and Wales in regard to the Company’s 31 July 2012 sale of its 10% interest in Malta Area 4 PSC to MOG. Leni’s Chief Executive, Neil Ritson said: “We have repeatedly asked MOG to ans
Bridge Welcomes Cairn and JX Nippon to Aragon Prospect (UK)
Bridge Energy has completed an agreement with Agora Oil & Gas (UK) Limited, owned by Cairn Energy, and JX Nippon Exploration & Production (UK) Limited for the farm-down of a 16.5% working interest in the P1763 Aragon prospect in the UK Northern North Sea. As a result of the Transaction, all parties
Songa Hands Over Semi-Submersible Rig to Seadrill
Songa Offshore SE yesterday finalised the formal handover of Songa Eclipse to Seadrill in line with the Memorandum of Agreement from November 2012. As previously reported, Songa’s net proceeds from the sale is USD 590 million. After repayment of debt, the net cash effect from the sale proceeds will
Subsea 7 Clinches $300 Mln UK North Sea Job
Subsea 7 S.A. has been awarded a contract valued at approximately US$300 million from Dana Petroleum, for the provision of subsea EPIC services in support of their Western Isles development project in the UK North Sea. The contract scope includes the engineering, procurement, construction and instal
Siem Sells ‘Seven Sisters’ to Subsea 7 (Norway)
Siem Offshore, a Norway-based owner of offshore support vessels, has sold the Multi Role Service Vessel (MRSV) Seven Sisters to Subsea 7 for $84 million. The vessel is scheduled for delivery in March 2013. The sales proceeds will be allocated to repayment of mortgage debt of approximately USD 38 mil
Kongsberg Maritime: Fugro Orders Hugin AUVs (Norway)
Kongsberg Maritime announced that FUGRO Survey Ltd. has ordered the latest generation of HUGIN AUVs to augment its existing fleet of survey vehicles. The new HUGIN 1000 AUV has depth rating of 3000 metres and includes Lithium Polymer batteries. The batteries are packaged into modules, which are stac
Statoil Completes Another Appraisal Well at Johan Sverdrup (Norway)
Statoil has completed another appraisal well in PL265 in the Johan Sverdrup discovery, off Norway, together with partners Petoro, Det norske oljeselskap and Lundin Petroleum. “We are satisfied with the results of our appraisal programme in PL265 part of Johan Sverdrup in 2012. We have proven new vol
RWE Dea AG Appoints New COO (Germany)
RWE Dea AG, an international exploration and production company for oil and gas, has announced the appointment of Dirk Warzecha as its Chief Operating Officer. Effective as of 1 January 2013, Dirk Warzecha assumed the function of Chief Operating Officer (COO) at RWE Dea AG. In this position, he is t
Kvaerner Bags Eldfisk Hook-up and Commissioning Gig (Norway)
ConocoPhillips has confirmed options in the Eldfisk 2/7 S topside contract for Kvaerner to perform offshore hook-up and commissioning assistance. Estimated value is NOK 400 million. In March 2011, Kvaerner was awarded a contract by ConocoPhillips to perform engineering, procurement and construction