Fossil Energy
Kvitvola duster for Det norske
Det norske oljeselskap ASA, as operator of production license 553, has completed the drilling of wildcat well 34/7-36 S T2, offshore Norway. The well was drilled on the Kvitvola prospect about 5 km west of the Visund Field by the Borgland Dolphin semi-submersible drilling rig. The purpose of the wel
EMGS: ‘EM Leader’ hired for 3D survey off Brazil
Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 5.5 million from Petrobras for 3D EM data acquisition in Brazil.
Total completes location preparation for ‘Prospector 1’
Prospector Offshore Drilling S.A. has announced that Total E&P UK Limited and ELF Exploration UK Limited has completed the preparation of the location for Prospector 1 drilling rig. Therefore, as of 5 September 2014 the rig is being compensated per its original contract at the mobilization rate. In
PGS cuts fleet to reduce cost and capex
Petroleum Geo-Services ASA announced today that it has implemented further steps to streamline operations, reduce cost and capital expenditures (“CAPEX”), and improve cash flow.
Wood Group PSN hired for work in W. Australia
Wood Group PSN (WGPSN) has secured a contract with Woodside in Western Australia which boosts Wood Group’s maintenance and brownfield project portfolio in Australia. The scope of work includes the engineering, procurement and construction management (EPCM) services on Woodside’s Karratha Gas Plant L
BP awards Juniper EPIC to Technip (Trinidad)
Technip has been awarded a substantial Engineering, Procurement, Installation, Construction (EPIC) lump sum contract by BP Trinidad and Tobago LLC for the development of the Juniper project, to be located off the South East coast of Trinidad. For Technip, a “substantial” offshore contract is ranging
New EU sanctions for Russian oil firms. We will respond ‘asymmetrically’, Russian PM says
The European Union is preparing another package of sanctions against Russia. According to reports, the EU will target Russia’s oil companies Rosneft, Gazpromneft and Transneft. According to the Wall Street Journal, the new measures to be brought due to Russia’s role in the Ukraine crisis, will pre
Qatar Petroleum, GDI pen drilling contracts worth $1.4B
Gulf Drilling International Ltd. (GDI), a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, officially signed four new contracts and four contract extensions with Qatar Petroleum (QP) for the provision of drilling rig services, each having a term of five
Shell: Production kicks off at Cardamom, GoM (VIDEO)
Shell has reported that production is now underway from the Cardamom development, in the U.S. Gulf of Mexico. This is the second major deep-water facility Shell has brought online in the U.S. Gulf of Mexico this year, following the start-up of Mars B in February. Oil from the Cardamom subsea develop
Workplace discrimination in Oil & Gas industry?
The Society of Petroleum Engineers (SPE) will host a world-first event next month which will highlight workplace discriminatory issues within the oil and gas industry.
Hansa wraps up 3D shoot off The Netherlands
Hansa Hydrocarbons Limited (Hansa) has announced that it has successfully completed its large 3D seismic survey across the 4Quads licence blocks G18, H16, M3 and N1, offshore Netherlands. The survey covered approximately 965 square km and was located 40 km to the north of the Wadden Islands in the D
CAMAC gets $100M loan for offshore developments in Nigeria
CAMAC Energy Inc. announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing initial borrowing capacity of up to $100 million. U.S. dollar borrowings under the term loan facilit
UMW’s new jack-up rig to drill in Vietnam
Malaysia’s UMW Oil & Gas has received a contract from Petrovietnam Drilling & Well Services Corporation (“PV Drilling”) for the provision of a jack-up rig to be used by PC Vietnam Limited and PETRONAS Carigali Overseas Sdn Bhd. The contract, with an estimated contract value of USD 46.5 million for t
Getech signs its largest ever new contract with Sonangol
Getech, the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, has announced its largest ever single new contract, worth $5 million. This new proprietary services contract has a gross value of $5 million and will be underta