Fossil Energy
Wintershall Gets Nod for Exploration Drilling in Norwegian Sea
Norwegian oil and gas safety regulator has given approval to Wintershall to carry out exploration drilling in the Norwegian Sea with Transocean Arctic rig. Wintershall Norge, a member of the German BASF Group, will use the Marosso 56 design semi-submersible drilling rig to drill the well 6407/1-6, w
Total to Drill Granatiana Sidetrack (Norway)
Total E&P Norge, which last week made an oil discovery at Garantiana prospect, offshore Norway, is preparing to start drilling a sidetrack well, Bridge Energy today announced. The objective of the well is to prove up additional oil volumes volumes in the Garantiana Cook formation and to determine oi
BRIEF: Total 3Q Profit Up 20 Pct (France)
French supermajor Total today reported adjusted net income of 3.3 billion euros for the third quarter 2012, an increase of 20% compared to the 2.8 billion euros earned in 3Q 2011. Total reported a drop in 3Q production. Hydrocarbon production was 2,272 thousand barrels of oil equivalent per day (kbo
Haugane to Leave Det Norske CEO Position in 2013
Erik Haugane, CEO of Norwegian oil and gas company Det norske, will resign from his position after his 60th birthday, the company announced today. He will celebrate his 60th birthday in February next year and will resign from his position as CEO of Det norske oljeselskap ASA during 2013. Haugane wil
Seadrill Ups Its Stake in Asia Offshore Drilling Limited
One of the largest drilling contractors in the world, Seadrill Limited, has increased its ownership in Asia Offshore Drilling Limited. The drilling contractor today bought additional 38,961 shares of Asia Offshore Drilling Limited at a price of NOK 28.71 per share (USD 5.0). Following the acquisitio
GL Noble Denton Seeks Oil Professionals’ Opinion on the Industry Outlook
GL Noble Denton has called upon hundreds of oil and gas sector professionals to contribute to a comprehensive new research programme investigating the issues the industry is expected to encounter in 2013. Working in association with independent partner Longitude Research, GL Noble Denton has invited
Det Norske: Oil Presence Confirmed at Espever High (Norway)
Det norske oljeselskap ASA today announced that core samples confirmed oil presence in appraisal well 16/2-14 (PL 265), in the Norwegian sector of the North Sea. The well is being drilled with Ocean Vanguard rig on the Espever High, which is part of the Johan Sverdrup field. “Drilling operations in
Lundin Gets Approval to Start Production Testing at Johan Sverdrup
Norway’s oil safety watchdog has given its approval to Lundin Petroleum for the use of Bredford Dolphin rig at the Johan Sverdrup discovery in the North Sea. Lundin Norway, a subsidiary of Swedish oil company Lundin Petroleum will use the Aker H-3 type semi-submersible rig for drilling and productio
BP Reports 3Q Income Increase. Lifts Dividend by 12.5%
BP today announced its financial results for the third quarter of 2012, reporting underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, of $5.2 billion, a 40% increase on previous quarter. The British oil giant also announced an increase in its quart
Siem Offshore Orders PSV (Norway)
Norway’s Siem offshore has ordered a Platform Supply Vessel, with an option for one additional vessel, from Hellesoy yard in Norway. The dual fuel vessel, once delivered, will start a four-year contract, with four one-year options, with Total E&P Norge AS. The contract with the subsidiary of French
Independent Oil and Gas to Operate Two New Blocks in UK North Sea
Independent Oil and Gas Ltd (“IOG”), the North Sea focused Oil and Gas Company, has announced that in the UK 27th Licensing Round it has been offered a licence for blocks 8/20 and 8/25. These blocks will be 100% owned and operated by IOG and could be tied back to a future development of the [&hellip
Eni to Start Production Tests at Heron South-1 (Australia)
MEO Australia Limited provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni). Since last progress report, operations are underway to ream the 216mm (8 1/2″) hole prior to running and cementing the liner. The well is interpreted to have
Palfinger Acquires Bergen Group Dreggen (Norway)
Bergen Group Technology AS, a subsidiary of Bergen Group ASA, has today entered into an agreement to sell its crane producer Bergen Group Dreggen AS to a subsidiary of Austrian-based Palfinger AG. Palfinger AG is listed on the Vienna Stock Exchange. The transaction will generate an estimated positiv
Eni’s Profit Rises (Italy)
Italy’s Eni, the international oil and gas company, today net profit of €6.33 billion for the nine months and €2.48 billion for the quarter 2012. The oil company’s net profit was at €5.61 billion for the nine months (an increase of 4.6%) and €1.78 billion for the quarter (up 3.1%). Oil and natural g