Fossil Energy
Swissco secures contracts for four drilling units
Singapore’s Swissco has entered into charter contracts to supply drilling units to an oil company in Latin America.
American Midstream buys offshore oil gathering assets
American Midstream Partners, LP has completed the acquisition of entities holding offshore oil gathering assets from an affiliate of DCP Midstream, LLC (“DCP”). On July 14, 2014, the Partnership announced the execution of a Purchase and Sale Agreement (“PSA”) for the acquisition from DCP of entiti
OMV encounters water at upper Whio reservoirs. Drilling continues
OMV is drilling ahead towards the planned total depth of 2,879m MDRT (2,754m TVDRT) at its Whio prospect, in the Taranaki basin, offshore New Zealand.
ITF President takes aim at Chevron
ITF President has threatened to declare Barrow Island, a place offshore Australia where Chevron is developing the Gorgon Project, a “port of convenience”.
Transocean man becomes Oil & Gas UK’s contractor vice chairman
“I look forward to taking up my role on Oil & Gas UK’s Board at such a crucial time for our industry”
DNV GL tests Twister supersonic gas separator
The compact shape of the separator makes it suitable for offshore and subsea field developments.
API urges BOEM to open more offshore areas to exploration (USA)
“Expanding opportunities for U.S. offshore energy production would create hundreds of thousands of new jobs, raise billions of dollars”
Oil production in July beats NPD forecast (Norway)
So far this year the oil production is about 1 percent above the NPD’s prognosis.
Ophir returns to profit on Tanzanian assets sale
Ophir Energy, an independent oil and gas exploration company focused on Africa, has reported net profit after tax of US$339.1 million, compared to $19.4 million loss in the same period last year.
Venari raises $1.3B for development of GoM discoveries
Venari Resources LLC, a deepwater oil exploration and production company in the Gulf of Mexico, has announced it has raised an additional $1.3 billion of equity commitments. Venari’s management and existing private equity and investment firms Warburg Pincus, Kelso & Company, Temasek and The Jordan C
Petrovietnam targets Murphy’s fields in Malaysia
Vietnamese national oil company Petrovietnam is looking to make the country’s largest overseas acquisition.
Noreco revenues up on increased production levels
Norwegian Energy Company ASA (Noreco) today reported its first half year revenues were NOK 702 million, compared to NOK 462 million for the same period last year. Significantly higher production is the main contributing factor for the increase in revenues. Noreco’s share of oil-and gas production wa
Fastnet agrees improved Deep Kinsale terms
Fastnet has entered into an amended exclusive option agreement with PSE Kinsale Energy Limited, a wholly owned subsidiary of PETRONAS, in relation to the “Deep Kinsale Prospect” in Ireland. The Deep Kinsale Prospect extends from 4,000 feet subsea below the producing Kinsale Head gas field and is def
Aker Solutions, DNV GL sign collaboration deal
Aker Solutions has awarded DNV GL a global frame agreement to pave the way for better technology collaboration, more efficient project execution and considerable cost savings.