Fossil Energy
TPAO to Start Exploration Campaign Unaided by Supermajors (Turkey)
Turkish Petroleum Corporation (TPAO) will start exploratory drilling operations in the Eastern Mediterranean in 2013, Reuters has reported. The national oil and gas company of Turkey expects to begin the search for hydrocarbon reserves in Mersin and İskenderun Bays without the support of internation
Wintershall Gets Permission to Drill in PL 457 (Norway)
The Norwegian Petroleum Directorate has granted Wintershall Norway AS a drilling permit for well 16/1-16, cf. Section 8 of the Resource Management Regulations. Well 16/1-16 will be drilled from the drilling facility Bredford Dolphin at position 58°54’47.767’’ north 02°15’54.649’’ east for Wintershal
EnQuest Becomes Operator of Kraken (UK)
EnQuest has completed the acquisition of a further 15% interest in blocks 9/2b and 9/2c including the Kraken oil discovery (‘Kraken’) from First Oil. EnQuest now operates Kraken with 60% stake while First Oil owns 15%. The remaining 25% is held by Nautical Petroleum. Kraken is a large heavy oil accu
First Job for Blue Prosper PSV (UK)
PSV ‘Blue Prosper’ went straight into service offshore Scotland after it was delivered from Ulstein Verft on Thursday 6 September. After arriving in Aberdeen on Sunday, the Blue Ship Invest-owned ship commenced its first spot contract on Monday 10 September, and has been in service since. The captai
ConocoPhillips Extends Contract for COSLRigmar Until May 2014 (Norway)
COSL Drilling Europe has announced that ConocoPhillips Skandinavia AS has extended the contract for COSLRigmar on the Ekofisk Field in the Norwegian sector of the North Sea, with 7 months to 1 May 2014. In addition there are options in the contract for a duration of up to 6 months which are availabl
Gazprom, LUKOIL Continue Cooperation (Russia)
The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL. The parties addressed implementation of the Agreement on Strategic Partnership signed on March 29, 2005 and, in particular, gas
Manora Field Consortium Awards FSO Job to TPOT (Thailand)
Tap Oil, a stakeholder in the Manora Oil Development, offshore Thailand, has announced that the contracts for the Floating, Storage Offtake (FSO) Unit conversion and charter have been awarded to affiliates of Tanker Pacific Offshore Terminals Pte Ltd. (TPOT). The FSO conversion will be undertaken in
Pemex Takes Part in Offshore Energy Conference 2012 (The Netherlands)
Carlos Morales-Gil, Director-general Exploration & Production of the Mexican oil company Pemex will participate in the Offshore Energy Conference 2012 in Amsterdam. He will present the latest developments in upstream oil and gas in Mexico and Pemex’s strategy for the future. The Offshore Energy Conf
UK Decom Expenditure to Exceed £3.3 Bln Over Next 4 Years
Oil & Gas UK and Decom North Sea, co-organisers of the Offshore Decommissioning Conference, have confirmed that this year’s keynote speaker will be Gerry Borghesi, UK/Netherlands Production Manager for ExxonMobil International. Only a few places now remain for the two-day event ,sponsored by Ernst &
BP Sells Draugen Stake to Shell for $240 Mln (Norway)
BP announced today that it has agreed to sell its 18.36 per cent non-operated interest in the Draugen field in the Norwegian Sea to AS Norske Shell for $240 million in cash. The agreement is a further example of BP’s active management of its portfolio in the North Sea, focusing investment on high va
Perenco Awards SNS Contract to BIS Salamis (UK)
BIS Salamis has recorded major growth in the Southern North Sea (SNS), increasing annual turnover in the region by 30% from £23million to £30million per annum. This increase has further strengthened BIS Salamis’ position as the market leader in fabric maintenance projects in the SNS. In addition to
Statoil to Order $230 Mln FSU for Heidrun Field (Norway)
Statoil has, on behalf of the licence owners, issued a letter of intent to Samsung Heavy Industries for construction of a new permanent floating storage unit (FSU) for the Heidrun field in the Norwegian Sea. The contract is worth an estimated USD 230 million and includes options to buy two additiona
PGNiG Norway to Sell Skarv Gas to PST
PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, will sell its share in natural gas output from the Skarv field to PGNiG Sales & Trading. The term of the gas supply contract, valued at approximately EUR 1.3bn, is ten years. PGNiG Norway will start gas deliveries to PST one p
Norway: Historic Subsea Operation at Asgard
For the very first time, remote-controlled machines and an underwater welding robot have installed a new tie-in point on a live gas pipeline, without the pipeline being prepared in advance. This type of operations can save Statoil lots of money in the long run. The hot tap installation is the first