Fossil Energy
BP Sells UK North Sea Interests for USD 280 million
BP announced today that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. (‘Mitsui’) for $280 million in cash. The sale comprises BP’s non-operating 13.3% stake in Alba and 8.97% stake in Britannia. Completion of the deal is anticipated by
Simon Møkster Orders Platform Supply Vessel in Spain
Simon Møkster last week signed a contract with Spanish shipyard Astilleros Gondan for the building of the advanced Platform Supply Vessel of UT776 WP design. This will be the second vessel Astilleros Gondan constructs for Møkster. Gondan has previously delivered the multi field support vessel “Stril
Songa Equips Its Rigs with Nautronix’s Positioning Systems (UK)
Nautronix Secures contract for Digital Acoustic upgrades for Songa Drilling’s Venus and Mercur Semi-Submersible Drilling Rigs from the Far East.
Lundin Gets USD 2.5 Billion Loan for E&P in Norway
Swedish exploration and production company Lundin Petroleum has entered into a fully committed 7-year senior secured revolving credit facility of USD 2.5 billion. This senior secured facility is revolving in order to adjust to Lundin Petroleum group financing needs. This facility will provide the ne
Shtokman Gas Project: Shell IN, Total OUT? (Russia)
Gazprom on Friday held working meetings with representatives of Statoil and Total as part of St. Petersburg International Economic Forum 2012. The companies discussed the major terms of “a new agreement on the Shtokman Phase I development project.” The Gazprom press release did not provide details o
Statoil Hires Apply Sørco for Works on Troll C Platform (Norway)
Apply Sørco has been awarded the contract by Statoil for the conversion of one of the main generating gas turbines on Troll C to a low NOx turbine. The upgrade is an environmental measure to reduce NOx emissions from the platform. The contract is valued at approximately 270 million NOK and includes
Statoil’s Brage Management Needs Improvement, PSA Norway Says
During the period 24-27 April 2012, the Petroleum Safety Authority Norway carried out an audit of electrical systems, instrumented safety systems and fire and explosion protection on the Brage offshore platform. The audit activity was carried out in the form of a meeting with the operations organisa
New AGR Member Brings 33 Years of Experience in Oil And Gas Industry (UK)
AGR, the world’s largest independent well management group, has appointed Bill Fletcher as Vice President of Well Management (UK and West Africa). Previously Operations Manager at Senergy for four years, he succeeds Ian Burdis who has been made AGR’s Executive Vice President for UK, West Africa and
SIS Installs Star IPS on Solstad’s 50 Vessels (Norway)
Star Information Systems (SIS), an industry leader in the supply of software and services for technical ship and rig management, has successfully completed the installation of its Star Information & Planning System (Star IPS) across Solstad Offshore’s fleet of 50 high-specification vessels. Solstad,
Trondheim Hosts Roundtable on Arctic Oil and Gas Exploration (Norway)
The Norwegian Minister of Petroleum and Energy Ola Borten Moe has invited colleagues from the petroleum countries of the High North and top industry leaders to a Roundtable Conference in Trondheim, Norway on June 26, 2012. The topic of the conference is prudent resource management as part of a susta
Dolphin Starts Its First Multi-Client 3D Survey in Barents Sea (Norway)
Dolphin Geophysical in co-operation with Searcher Seismic are about to commence acquisition of 2,000 km2 of high-resolution 3D Multi-Client data over open acreage in the Barents Sea using Dolphin’s 12 streamer high capacity 3D seismic vessel, Polar Duke. The blocks and data coverage were nominated a
Statoil to Drill 8th Well in PL 552 (Norway)
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/2-12, cf. Section 8 of the Resource Management Regulations. Well 16/2-12 will be drilled from the Ocean Vanguard drilling facility at position 58°53’04.26’’N and 2°29’18.07’’E following completion of d
Interest Grows in 3D EM Data, EMGS CEO Says (Norway)
Electromagnetic Geoservices ASA (EMGS) has today entered into a data-licensing agreement worth approximately USD 8 million with an oil and gas company, in which the customer will gain access to EMGS’s entire 3D EM multi-client data library on the Norwegian Continental Shelf (NCS). The agreement incl
Apache Encounters ‘Sub-Commercial’ Gas Column at Tryfan (UK)
Valiant Petroleum plc announces that drilling has completed on the Tryfan prospect (Valiant, 33.33%) located in UK Block 3/17 and operated by Apache North Sea Limited. The well encountered both Frigg and Dornoch sandstones on prognosis with a small gas column present at the top of the Frigg formatio