Fossil Energy
Petronas: Banang starts production 3 months ahead of schedule
Malaysia’s Petronas has achieved another success in its small field development with the start of oil production from Banang field on 15 July 2014, which is three months ahead of the schedule. Located offshore Peninsular Malaysia, Banang is the second field from the Kapal, Banang and Meranti (KBM) C
PSV ‘Mamola Reliance’ launched in Romania (VIDEO)
Damen Shipyards Galati in Romania yesterday launched the Mamola Reliance Platform Supply Vessel. This is the 23rd vessel launched by the shipyard this year. The vessel of Damen’s PSV 3300 design, will be delivered to Promar Shipping, a Swiss-based company. With a length of 80 meters, width of 16.20
UK oil firm hires NAO vessels
Nordic American Offshore Ltd (NAO) has entered into two new contracts with a major oil-company in the UK for one year with a one year option. This will secure employment for two of the company’s vessels up to the end of 2015. NAO has been in operation since the end of 2013. Nordic American Offshor
Damen to supply propeller nozzles for 4 ocean going tugs
Damen Marine Components will supply a total eight 5,050 millimetre propeller nozzles for four ultra long distance towing and anchor handling vessel newbuildings. They are the largest nozzles that DMC will have manufactured with its spinning machine technique to date. The order was granted by Caterpi
Dolphin hired for 16-streamer seismic survey in Kara Sea
Dolphin Group ASA has been awarded an industry first ever 16-streamer 3D seismic contract for an undisclosed client in the Kara Sea, offshore Russia.
Caverton-RK to supply vessels for SEPCOL’s off Nigeria ops
Caverton Offshore Support Group Plc (COSG) has notified that Caverton-RK, a company quoted on the Nigerian Stock Exchange, has been awarded a contract to supply two offshore support vessels to Shebah Exploration and Production Company Limited (SEPCOL). The contract, which started in August, 2014 wil
Neon Energy in trading halt after corporate offer received
Neon Energy, an Australian Securities Exchange-listed oil company asked for a trading halt of its shares (NEN), after receiving a corporate offer.
Charisma Energy to provide 5 OSVs for Middle East
Singapore-based Charisma Energy Services has secured a 7-year contract with an approximate value of $72 million to provide a fleet of 5 offshore support vessels. The vessels will be used to support the marine and oil & gas activities of a Middle Eastern national oil company in the Arabian Sea. The
ShawCor completes interest sale of Socotherm Brasil
ShawCor Ltd has announced that it had completed the sale of its Socotherm division’s joint venture interest in Socotherm Brasil to its joint venture partner, Tenaris. ShawCor first announced the sale in December 2013. Socotherm Brasil operates a pipe coating facility which is managed by Tenaris and
Gazprom, PetroVietnam expect full capacity from Moc Tinh and Hai Thach in 2016
The Gazprom headquarters hosted on September 3 a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Nguyen Xuan Son, Chairman of the PetroVietnam National Oil and Gas Group Board of Directors. The parties addressed the bilateral cooperation in the gas sector, par
BP’s ‘recklessness’ lead to Macondo incident, Court says
The United States District Court for the Easter District of Louisiana yesterday ruled that the discharge of oil in the Deepwater Horizon case in 2010, was the result of BP’s “gross negligence” and “willful misconduct”. As for the amount BP needs to pay for the spill, the court says that in the absen
Mubadala begins drilling at Manora
Mubadala Petroleum, Operator of the Manora Oil Development joint venture, has advised that the Atwood Orca jack-up drilling unit spudded the first of 15 planned development wells, MNA-02, in the Gulf of Thailand. The MNA-01 and MNA-02 wells will be batch drilled to final total depths of 2,104 m and
Polarcus to shoot 3D off Sakhalin
Polarcus Limited has announced that JSC Dalmorneftegeophysica (“DMNG”), which has a joint cooperation agreement with Polarcus, has entered into a contract for 3D marine seismic acquisition services for a major energy company offshore Sakhalin. The program, requiring two Polarcus A-Class vessels, wil
Tullow divesting North Sea gas assets to focus on oil
Tullow Oil plc has entered into an agreement to sell its operated and non-operated L12/L15 block interests and non-operated Q4 and Q5 block interests to AU Energy B.V., a subsidiary of Mercuria Energy Group Limited for a consideration of €62.7 million (US$81.1 million). The transaction involves the