Fossil Energy
Public Hearing on Impact Assessment of Opening Jan Mayen Area for Petroleum Activities
The Ministry of Petroleum and Energy last week submitted an impact assessment relating to petroleum activities in the area around Jan Mayen on public hearing. Interested parties are invited to comment on the impact assessment within the next three months. The impact assessment forms part of the proc
British Minister Hoban Visits ROV Manufacturer Saab Seaeye
The Minister of State for Work and Pensions and Member of Parliament for Fareham, Mark Hoban, recently visited top ROV manufacturer, Saab Seaeye. He met the new managing director, Jon Robertson, previously the company’s engineering director, along with the other key members of the management team: s
Sterling Announces Current Resources Estimates for Properties Offshore Romania
Sterling Resources Ltd. is providing current resources estimates for its properties offshore Romania. The current estimates have been prepared by Sterling’s independent reserves evaluator RPS Energy and comprise individual and aggregated resources estimates for the fields and prospects in Block 13 P
BP Signs Heads of Terms to Sell Its TNK-BP Stake to Rosneft, Russia
BP announced that it has signed heads of terms to sell its 50 per cent share in TNK-BP to Rosneft, the major Russian integrated oil and gas company. Under the heads of terms Rosneft has agreed in principle to buy BP’s share in TNK-BP. The proposed transaction consists of two tranches: (i) BP would s
Antrim Announces Oil Discovery at Contender in UK Northern North Sea
Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, announced preliminary results of drilling operations from well 211/21-N94 (the “Contender Well”) in UK Northern North Sea Block 211/22a Contender Area (the “Contender Block”, Antrim interest 8.4
Norway: Plexus to Supply POS-GRIP Wellhead Equipment to Lundin
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that it has secured a £2 million contract to supply for the first time its high pressure high temperature (‘HPHT’) POS-GRIP fri
Norway: IKM Subsea Adds Forum Sub-Atlantic ROVs to Their Fleet
Forum Energy Technologies, Inc. announced that IKM Subsea recently added two Forum Sub-Atlantic Remote Operated Vehicles (ROVs) to their existing fleet. IKM Subsea plans to deploy immediately Sub-Atlantic Mohican and Comanche vessels in the North Sea and Singapore respectively. This recent addition
Sterling Sells 65 pct Interest in Portion of Midia Block in Romanian Black Sea
Sterling Resources Ltd. announces that it has signed a sale and purchase agreement with ExxonMobil Exploration and Production Romania (“EMEPR”) and OMV Petrom for the sale of its 65 percent interest in a portion of the Block 15 Midia in the Romanian Black Sea (the “Sale Portion”). The Sale Portion i
Norway: Seadrill Inks HoA for Potential Puchase of Songa Eclipse
Seadrill has entered into a Heads of Agreement (“HoA”) with Songa Offshore SE for a potential purchase of the ultra deepwater semi-submersible rig “Songa Eclipse”. The HoA has certain subjects, hereunder board approval from Seadrill and Songa. A key element in the HoA is that Seadrill is granted exc
Statoil Signs Transaction Agreement with Wintershall for NCS Assets
Statoil ASA has signed an agreement to exit the Brage licences, farm down in Gjøa and Vega and acquire a 15 % stake in the Edvard Grieg licence near the Johan Sverdrup field in the North Sea. This transaction with the German oil and gas company Wintershall gives Statoil net proceeds of USD 1.45 bill
PSA Norway in Transocean Audit
During the period 27 – 28 September 2012, the Petroleum Safety Authority Norway (PSA) carried out an audit of Transocean Offshore Ltd’s (Transocean’s) management system for following up working environment conditions on the company’s mobile facilities. The objective of the audit activity was to ensu
Statoil Gets Approval for North Sea Well Intervention (Norway)
Statoil Petroleum AS (Statoil) has received consent to use Island Constructor for light well intervention activities on Tordis and Vigdis. Light well intervention is cable-based well maintenance where a cable is run directly through sea and down in the well without using a riser, as opposed to when
SOCAR, BP Continue ACG Fields Cooperation
The president of the Azerbaijan state oil company SOCAR, Rovnag Adbullayev, and his senior executive team met BP group chief executive Bob Dudley and the BP upstream executive team in London on October 17. They agreed to continue working closely with SOCAR and the partner group to manage oil product
VIDEO: Edda Ferd PSV Launched in Spain
On Wednesday, 17th October 2012, at high tide, the Edda Ferd vessel built for the Norwegian shipowner Østensjø Rederi was launched at Astilleros Gondan shipyard in Spain, Edda Ferd is a 92,60 m long platform supply vessel of Skipsteknisk design. It can accommodate 40 people and has a deck area of 1.