Fossil Energy
Lundin hits both oil and gas in Alta well
Lundin Petroleum AB has announced that drilling of exploration well 7220/11-1 on the Alta prospect in the Barents Sea has been successfully completed and has encountered both oil and gas. The well is located 20 km northeast of the Gohta discovery (well 7120/1-3) and some 160 km from the Norwegian co
Keel laying ceremony for new jack-up rig in China
China’s Huangpu Shipyard recently held the keel laying ceremony for the H6001 R-550D Zentech jack-up rig being built for Alliance Offshore Drilling (AOD). The R550-D is a Zentech-designed jack-up drilling rig capable of operating in a water depth of up to 400 feet (121.9 meters). According to China’
Statoil, Exxon make new gas discovery offshore Tanzania
Norway’s Statoil and its US-based partner Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet (tcf*) of natural gas in place in the Giligiliani-1 well brings the tota
Afren fires CEO, COO for accepting unauthorised payments
Oil and gas exploration company Afren has terminated contracts with its Chief Executive Officer Osman Shahenshah and its Chief Operating Officer Shahid Ullah for gross misconduct.
MacGregor mooring systems for Mermaid’s tender rigs
MacGregor, part of Cargotec, has won new contracts that will see electrically-driven versions of its mooring systems fitted to two new tender assist drilling rigs for Thailand-based Mermaid Maritime Public Company Limited. The Self-Erected Drilling Tender (Hull No. CMHI (JS)-151-1 and Hull No. CMH
Milestone Aviation now part of GE
GE Capital Aviation Services, the aircraft leasing unit of GE, has announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion. “The Milestone acquisition is a great fit for GE – it combines GECAS’ global reach and 45+ years in
DecomWorld’s summit tackles deep-water and mature well abandonment
DecomWorld’s annual well abandonment summit will this year feature an unprecedented focus on the most difficult of well operations – those in deeper water and mature wells on the shelf. With costs of decommissioning and abandonment shown to increase by as much as 400% in water depths greater than 20
Subsea Processing at this year’s conference
With a session on subsea processing the Offshore Energy Conference, to be held in Amsterdam later this month, addresses a key innovative area. Experts from frontrunners in subsea processing such as FMC Technologies, Aker Solutions, GE Oil and Gas and ExxonMobil Research Company, will present the via
CNOOC Engineering to build Zawtika wellhead platforms
Thailand’s PTTEP has hired China’s CNOOC Engineering for offshore procurement and installation work in Myanmar. According to a statement by CNOOC Engineering, the value of the contract for work on PTTEP’s Zawtika project in the Andaman Sea is $367 million. Under the agreement, CNOOC Engineering will
Faroe retains Petrofac services for Schooner and Keecher
Petrofac Offshore Projects & Operations has secured a Duty Holder contract for two assets in the Southern North Sea, following their acquisition by Faroe Petroleum.
Infinity, Granada to explore for oil together (Nicaragua)
Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, has entered into a Letter of Intent (“LOI”) with Granada Exploration, LLC, which has agreed to join Infinity to explore for hydrocarbons beneath Infinity’s 1.4 million-acre oil and gas concessions in the
Rosneft completes Barents Sea survey
Russia’s Rosneft has finished geophysical exploration, including seismic data acquisition 3D and gravimagnetic survey on the West-Prinovozemelsky licensed site on the continental shelf of the Barents Sea. The scope of work totaled 2.8 thousand square km and it was conducted with a specialized scient
Pemex signs with OneSubsea for Lakach project off Mexico
OneSubsea™, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $270 million for Pemex’s Lakach deepwater project offshore Mexico. This is the first deepwater subsea field to be developed by Pemex. The scope of supply for the seven well system
Eni, Petrovietnam in offshore Vietnam co-op deal
Eni’s CEO, Claudio Descalzi, has signed today with Petrovietnam’s President and CEO, Do Van Hau, two Production Sharing Contracts (PSCs) for the exploration of blocks 116 and 124, located off the coast of Vietnam. Block 116 covers an area of about 5,000 sqkm in the Song Hong basin, in waters with a