Fossil Energy
Lundin Norway to Drill 8/5-1 Exploration Well
Lundin Norway AS (Lundin) has received consent to drill exploration well 8/5-1 in the southern part of the North Sea. The well will be drilled with the Mærsk Guardian mobile facility. The Petroleum Safety Authority Norway (PSA) has granted Lundin consent to carry out exploration drilling of well 8/5
Rosneft Gets $16.8 Bln Loans to Pay for BP’s TNK-BP Stake (Russia)
Russia’s oil company Rosneft has signed two loan agreements with a group of international banks for the total amount of U.S. $16.8 billion to finance the acquisition of 50% stake in TNK-BP from BP. Pursuant to these loan agreements, Rosneft obtains a 5-year loan of U.S.$ 4.1 billion and a 2-year loa
DeepOcean to Install PRM System on Statoil’s Snorre Field (Norway)
DeepOcean UK, Ltd., a subsidiary of DeepOcean Group Holding BV, today announced an award from Statoil AS for the installation and trenching of a Permanent Reservoir Monitoring (PRM) System on the Snorre oil field in the North Sea, Norwegian Sector. The project represents DeepOcean UK’s largest ever
Statoil Gets Approval to Use Hyme Facilities (Norway)
The Petroleum Safety Authority Norway (PSA) has granted Statoil consent to use the facilities on the Hyme field in the Norwegian Sea. Hyme is an oil and gas field located in the Norwegian Sea, approx. 19 km northeast of Njord and 10 km west of Draugen. The field is developed with a subsea template,
MOG, Genel Sign Two Contracts for Exploration Off Malta
Mediterranean Oil & Gas Plc has announced that it has signed the two key contracts with Genel Energy Plc (“Genel”) that enable Genel’s acquisition of a 75% working interest in MOG’s wholly owned subsidiary, Phoenicia Energy Company Limited (“PECL”). This follows the Government of Malta granting a on
Bergen Group Hanøytangen: Yard Stay for Island Innovator
Bergen Group Hanøytangen has been awarded a Letter of Intent (LOI) from Marine Accurate Well ASA (Maracc) for yard stay and rig modification at Hanøytangen for the semi-submersible drilling and well intervention unit Island Innovator. The LOI comprises various yard services and commissioning work to
Optimism of UK Oil and Gas Sector Constrained by Rising Costs, Report Says
The business confidence index published by Oil & Gas UK today (21 December) reveals a slight decline in the third quarter of 2012 from the record high of 65 recorded in the second. The drop in confidence, however, is more likely to be linked to the industry’s buoyant reaction to the incentives annou
Trapoil Completes Acquisition of Athena from Dyas (UK)
Trapoil , the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has confirmed that on 21st December 2012 it completed the previously announced acquisition of a 15 per cent. working interest in the Athena Oil Field (“Athena
Dong Lets Svane Field Go (Denmark)
DONG Energy and partners have, following detailed technical evaluations, decided at the present point in time not to pursue drilling of an appraisal well in the Svane field in the Danish sector of the North Sea. The gas accumulation in Svane is found at a depth of 5.5-6 km at a pressure of 1200-1300
Arctech Delivers Ice-Breaking Supply Vessel for ExxonMobil Sahkalin Project
Arctic offshore vessel NB-506 Vitus Bering was delivered at Helsinki Shipyard on Friday 21.12.2012 to the client Sovcomflot, the largest shipping corporation in Russia. The vessel will supply the Arkutun-Dagi oil and gas field in Sakhalin area, in Far East Russia on a long term charter with Exxon-Mo
BG Hires Borgholm Dolphin Rig for UK North Sea Ops
Fred. Olsen Energy ASA, has entered into a contract with BG International Ltd for the provision of the accommodation semi-submersible Borgholm Dolphin. The contract is for a nine month period commencing 1st of August 2014 supporting operations in the UK sector. The estimated contract value is approx
Det Norske Submits Plan for Development of Ivar Aasen Field in Norway
Today, Det norske oljeselskap ASA submits the Plan for Development and Operation (PDO) for the Ivar Aasen field to the Minister of Petroleum and Energy, Ola Borten Moe, at Det norske’s headquarters in Trondheim. The PDO is submitted on behalf of the Ivar Aasen partnership, encompassing Statoil and B
GDF Suez Hires SeaMar Splendid for Offshore Ops in Dutch North Sea
SeaMar Shipping BV has been awarded a five year contract for its vessel SeaMar Splendid with GDF SUEZ E&P Nederland B.V. The vessel will be used to support GDF SUEZ’s IRM campaigns on the Dutch Shelf over the period 2013-2017 with a minimum 250 day per year commitment. The new charter will begin 1st
Chariot’s CEO Steps Down
Chariot Oil & Gas Limited, the Africa focused oil and gas exploration company, has announced changes to and a re-organisation of its Board. All of these changes are made with immediate effect. Paul Welch has stepped down as Chief Executive Officer (“CEO”) of Chariot and will leave the Company to pur