Fossil Energy
Statoil gets consent for Pingvin well. Has to wait for oil layer nod
Norwegian oil giant Statoil will drill another well in the Barents sea, offshore Norway, following an unsuccessful three-well drilling campaign in the Hoop area.
ADX gets more time do drill at Kerkouane (Tunisia)
ADX Energy Ltd has informed that the Tunisian Authorities have approved a 2 year extension of the Exploration period for the Kerkouane permit offshore Tunisia for two years to 21 February 2016. The company has said that its adjoining Sicily Channel blocks Kerkouane (Tunisia) and Pantelleria (Italy)
Northern Offshore profit rises
Northern Offshore, Ltd. has reported net income for the three months ended June 30, 2014, of $9.3 million, or $0.06 per diluted share.
EY: Oil & Gas megaprojects exceed budgets. Cost overruns reach $500B
The report – ‘Spotlight on megaprojects’ examines the performance of 365 megaprojects and the impact on the oil and gas industry of these overruns.
Offshore boosts Boskalis’ 1H
Royal Boskalis Westminster N.V. (Boskalis) reported a net profit of EUR 253 million in the first half of 2014 compared to EUR 123 million in the same period of 2013.
‘Sanco Sword’ begins ‘Spanish Point South’ survey
Providence Resources P.l.c., ( the Irish oil and gas exploration and appraisal company has announced that 3D seismic surveying operations have begun on Frontier Exploration Licence (FEL) 1/14 (‘Spanish Point South’) in the northern Porcupine Basin, offshore west of Ireland. The water depth across th
Dolphin bags South America extension
Norway’s Dolphin has secured a contract extension of approximately 50 days on an ongoing 3D seismic project in South America.
North Energy, Noreco swap assets offshore Norway
North Energy ASA and Noreco Norway AS have entered into an agreement on swapping interests in production licences offshore Norway.
Roc: Drilling starts in Bohai Bay. Awe takes 40% stake
“This is an important milestone in realising ROC’s growth strategy In one of the most prolific basins in the world. We are extremely excited about this prospect’s potential.”
Faroe Petroleum appoints ‘Oil Woman of the Year’ as director
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, has appointed Jorunn Saetre as an Independent Non-Executive Director. Saetre is Norwegian and a chemical engineer by back
BP gives nod for Juniper project. First unmanned platform in Trinidad
BP today announced the sanction of its Juniper offshore gas project in Trinidad & Tobago. The project will feature the construction of a normally unmanned platform together with corresponding subsea infrastructure, a first for BP Trinidad and Tobago. Fabrication is proposed to begin in 4th quarter,
Petrobras makes discovery at Apollonia well (Brazil)
Petrobras has confirmed the extension of the Jupiter discovery, offshore Brazil, in the Santos Basin pre-salt block BM-S-24 following drilling operations at well 3-BRSA-1246-RJS (3-RJS-732), informally known as Apollonia. This well, which is situated 296 km off the coast of Rio de Janeiro, at a wate
Swiber 1H profit jumps 68%
Swiber Holdings Limited, a Singapore-based provider of construction and support services to the offshore oil and gas industry, today reported that it has achieved net profit of US$63.0 million for the six months ended June 30, 2014 , up 68.3% from US$37.4 million in the same period a year ago. This
26,100 offshore workers trained with Emergency Breathing System
More than 26,100 people have completed their training with the new Emergency Breathing System, that is expected to deliver improved levels of safety for offshore helicopter passengers.