Fossil Energy
Norway: Centrica Gets Permission for Drilling in PL 477
The Norwegian Petroleum Directorate has granted Centrica Resources (Norge) AS a drilling permit for wellbore 6506/11-9 S, cf. Section 8 of the Resource Management Regulations. Wellbore 6506/11-9 S will be drilled from the West Alpha drilling facility at position 65°10’18.54” north and 6°37’21.26” ea
Multiple Charters Bring USD 90 mln to Norway’s DOF
Subsea 7 has exercised an option to extend the contract on the construction vessel Skandi Seven with 1 year from 31st of March 2013. DOF Subsea, subsidiary of DOF ASA, has previously announced that Subsea 7 has fixed the vessel Skandi Skansen for a period of 100-200 days per year over the next 4 yea
Balmoral Offshore Receives UK Queen’s Award for Enterprise
Balmoral Offshore Engineering, a division of Balmoral Comtec Ltd, has been presented with the UK Queen’s Award for Enterprise. It is the second time the company has won the International Trade award, the first success coming in 2010. Established only in 2006, Balmoral Offshore Engineering provides t
BP to Use Safe Caledonia in UK North Sea
Prosafe has signed a contract with BP Exploration Operating Company Limited (‘BP’) for the use of Safe Caledonia conducting accommodation support at the Andrew Area Development Project in the UK sector of the North Sea. On site operations are planned to commence end-2012, with a firm period through
UK’s Rolls-Royce to Design and Equip Island Offshore’s Construction Vessel
Rolls-Royce, the global power systems company, has been selected by Island Offshore to design, power and equip an advanced subsea construction vessel. The versatile UT 737 CD vessel will support the most demanding subsea projects, including constructing and servicing oil and gas wells on the sea bed
Total: First Gas Flows from Islay Offshore Field (UK)
French oil giant, Total, announces first production from its Islay gas field in the Northern North Sea, 440 kilometers north-east of Aberdeen. Total is operator and a 100% owner of the Islay offshore field, which was discovered mid 2008 and is mainly located in Block 3/15 of the United Kingdom secto
UK: Valiant Farms Out Tybalt to Agora
Valiant Petroleum plc announces that it has signed a Farm Out Agreement with Agora Oil and Gas (UK) Limited in respect of the Tybalt appraisal well, located in Blocks 211/8c & 13c in the UK Northern North Sea. Under the agreement Agora will increase its interest in Tybalt to 40% in return for a part
RWE Dea Discovers Gas in Norwegian Sea
RWE Dea Norge AS, operator of production licence 435, is in the process of completing the drilling of wildcat well 6507/7-15 S. The well was drilled about 3.5 kilometres west of the 6507/7-14 S gas discovery made in the same licence in 2010, and 15 kilometres northwest of the Heidrun field in the No
UK: WesternGeco’s ObliQ Improves Seismic Imaging
WesternGeco, a geophysical services company and a business branch of Schlumberger, yesterday introduced the ObliQ sliding-notch broadband acquisition and imaging technique, which enhances low-frequency content of marine seismic data without compromising high frequencies. The ObliQ technique increase
Norway: Rem Offshore Orders OCV from Kleven
Kleven Maritime has signed a contract with ship owner Rem Offshore for the building of an advanced multifunctional subsea support and construction vessel. The contract value is around 550 million NOK (USD 95.7 million). ‘Kleven Maritime and Rem have had a strong relationship for many years, and we a
UK: Sterling Sells Interest in Cladhan. Secures Funds for Exploration
Sterling Resources Ltd. has announced the divestment of an interest in Cladhan, a significant improvement in the terms of the Breagh loan facility, and an update on the activity plan for the remainder of 2012. The Company has signed a sale and purchase agreement with TAQA Bratani Limited (“TAQA”) fo
Norway: Artemis Atlantic Sailing towards Barents Seismic
Starting 26 April, the Norwegian Petroleum Directorate (NPD) will acquire 2D seismic in the southeastern part of the Barents Sea. The acquisition, to be carried out by the vessel M/V Artemis Atlantic, will last from six to eight weeks. In total, about 6 000 kilometres of seismic data will be acquire
Norway: Centrica Energi Hires Maersk Drilling’s Jack-Up
Maersk Drilling has signed a new contract with Centrica Energi at a value of at least USD 60 million. With this contract the company’s rig capacity in Norway is sold out until the second quarter of 2014. The demand for ultra harsh environment rigs keeps growing while rig supply remains tight. The co
USA: ConocoPhillips Reports 1Q Earnings of USD 2.9 bln
ConocoPhillips today reported first-quarter earnings of $2.9 billion, compared with first-quarter 2011 earnings of $3.0 billion. Excluding $330 million of special items, first-quarter 2012 adjusted earnings were $2.6 billion. Special items were primarily related to gains on asset dispositions, parti