Fossil Energy
New North Sea player attracts $500M investment
Siccar Point Energy, a new exploration, development and production company, is led by Chief Executive Officer Jonathan Roger, the former Managing Director of Centrica Energy Upstream.
PSA: ‘Rowan Viking’ jack-up gets AoC (Norway)
The Petroleum Safety Authority Norway (PSA) has reported that the Rowan Viking jack-up drilling rig has received Acknowledgement of Compliance (AoC). An Acknowledgement of Compliance (AoC) is a statement from the Petroleum Safety Authority Norway expressing the authorities’ confidence that a petrole
Jasper unable to pay for flotel. Shipyard seeking new buyer
Jasper unable to pay for floatel, may be forced to sell drillship
Newbuild PSV ‘Stril Luna’ delivered to Simon Møkster
Norway’s Simon Møkster Shipping has reported that, on the 29th of August, the newbuild PSV ‘Stril Luna’ was delivered from Astilleros Gondán S.A in Spain.
Production restarts at Etame following works on FPSO (Gabon)
Vaalco Energy has announced that production from the Etame Marin block, offshore Gabon, has resumed after the successful completion of previously announced maintenance work on the company’s leased FPSO vessel “Petróleo Nautipa”. Work was performed to upgrade the fire and gas detection systems on the
BG Group joins Plexus’ JIP
Plexus Holdings PLC, owner of the proprietary POS-GRIP® method of wellhead engineering, has announced that BG International Ltd, a subsidiary of BG Group, has signed up as the sixth major oil and gas consulting partner to Plexus’ on-going Joint Industry Project. The JIP’s objective is to develop and
ONGC approves $863M investment for Daman offshore project
India’s largest oil company ONGC will be investing Rs. 5219 crore ($863 million) in the Daman Development project to enhance production of Natural Gas and Condensate in its Tapti Daman Block in Arabian Sea, offshore India.
North Energy further increases stake in Norwegian Sea licence
North Energy has signed a contract with Dana Petroleum Norway AS to acquire 18 per cent of PL 484 block located in the Norwegian Sea. Following this transaction, the partners in PL 484 will comprise of North Energy with 53 per cent, Noreco (operator) with 15 per cent, Dana Petroleum with 12 per cent
Samsung Heavy, Samsung Engineering merger to create ‘world-class’ supplier
Samsung Heavy Industries has officially announced that it will merge with Samsung Engineering Co., Ltd, the first and largest engineering company in Korea. The merger between Samsung Heavy Industries and Samsung Engineering was decided during their board of directors meeting on September 1 to create
Lundin spuds Vollgrav South well (Norway)
Lundin Petroleum estimates the Vollgrav South prospect to have the potential to contain unrisked, gross prospective resources of 57 million barrels of oil equivalent
Ultra Deep Solutions orders ultra-deep multipurpose DSCV
Ultra Deep Solutions (UDS) has announced that it has entered a contract to build one Ultra Deep Installer – Multipurpose Diving Support Construction Vessel, with an option for the second vessel with an established China-based shipbuilding company, Shanghai Zhenhua Heavy Industries (ZPMC). This is in
DW: UK set for drilling activity growth?
Offshore exploration activity on the UK Continental Shelf is slated for growth, Douglas Westwood writes in its DW Monday report titled: “A Boost for UK Offshore Drilling?” From a peak of 396 in 1996, numbers of wells drilled offshore UK fell to 164 in 2013, a low not seen since 1979, the DW report r
Santos acquires interest in Malaysian offshore block from Inpex
Japan’s INPEX will transfer a 25% participating interest in the Deep-Water Block S, off Malaysia, to Santos, an Australian oil and gas exploration and production company.
VSMC’s name change to VBMS part of new corporate identity
VSMC (Visser & Smit Marine Contracting) is now VBMS. This name change is a result of the strategic joint venture between VolkerWessels and Boskalis, which was formalised in 2013. VBMS is inspired by the initialisation of VolkerWessels Boskalis Marine Solutions. Besides introducing a new name, VBMS i