Fossil Energy
Helconia buys two helicopters for offshore transport in Morocco
AgustaWestland and Heliconia Aero Solutions have announced the delivery of two AW139 intermediate class twin-engine helicopters to perform offshore transport missions in Morocco. The first aircraft has already entered service while the second one will enter operational service this week. The contr
EPA lifts W&T Suspension
W&T Offshore, Inc. has announced that the U.S. Environmental Protection Agency (EPA) lifted the suspension and proposed debarment, and removed the statutory disqualification, previously imposed by the EPA. This action is subject to the condition that W&T Offshore continues to comply with the conditi
Lundin begins Alta drilling in Barents Sea
Swedish oil and gas explorer Lundin Petroleum AB has informed that drilling of exploration well 7220/11-1 in PL609, offshore Norway, has begun. The well will target the Alta prospect, which is located some 20 km northeast of the Gohta discovery in the Barents Sea. The main objective of well 7220/11-
TGS in Gulf of Mexico seismic survey
Norway’s TGS announces acquisition of Snipe Phase 52, a new long-offset 2D multi-client survey in the ultra-deep water, U.S. Central Gulf of Mexico. The survey will include 12,000 km of data, which supplements TGS’ existing library in the region and, the company says, will provide critical well ties
Lundin: Positive drilling results at Tembakau (Malaysia)
Lundin Petroleum has completed the first well in its 2014 Malaysian drilling campaign with the successful drilling and testing of Tembakau-2 appraisal well in Block PM307, offshore Malaysia. Tembakau-2 was drilled by the jack-up rig West Prospero to a depth of 1,450 metres in 68 metres water depth.
AziNam expands interest in Guy Block (Namibia)
AziNam Ltd., the offshore Namibia focused exploration company, has secured an additional 10% working interest position in Blocks 2111B and 2211A, the “Guy Block”, from Eco (Atlantic) Oil & Gas. Following completion of the transaction, AziNam will hold a 30% interest in the Guy Block, for which it wi
Petrofac, GDF Suez UK North Sea partnership continues
Petrofac’s relationship with GDF Suez E&P UK has been extended with the renewal of its Integrated Services Contract (ISC). The contract covers operations, maintenance and engineering services support to GDF SUEZ E&P UK throughout its operations in the UKCS, including Cygnus, the largest gas field di
Vard faces additional tax claims in Brazil
Vard Holdings Limited has received a tax claim for FY2010 from tax authorities in Brazil, and is evaluating the need for provisions for additional tax cost. In a matter relating to transfer pricing of goods and services delivered from the Group’s Norwegian entities to Vard Niterói in FY2010, and tax
Watch Valemon topsides installation video
Statoil has released a video of the Valemon topsides heavy lift and installation on the steel jacket in the Norwegian North Sea.
Cobalt’s net loss deepens in 2Q
Cobalt International Energy, Inc. today announced a net loss of $95 million, or $0.23 per basic and diluted share for the second quarter of 2014, compared to a net loss of $79 million, or $0.19 per basic and diluted share, for the second quarter of 2013. The net loss for the second quarter of 2014 [
V. Filanovsky LQ reaches Caspian Sea location
Transportation of the topside section of the living quarters platform (LQP-1) for the Vladimir Filanovsky oil field in the Caspian Sea has been successfully completed. The facility was built and prepared for transportation under the survey of Russian Maritime Register of Shipping (RS) at the Shipbui
Oman invites bids for oil and gas exploration blocks
The government of the Sultanate of Oman has invited interested companies to bid for five oil and gas exploration blocks. Of the blocks offered as part of the Oman Bid Round 2014 two are located offshore the coast of Oman, while three are onshore. In a statement of the website of The Ministry of Oi
Vantage Drilling on track to reach debt reduction goal, CEO says
Vantage Drilling Company, an offshore drilling contractor, reports net income for the three months ended June 30, 2014 of $15.1 million or $0.05 per diluted share, excluding charges for the early retirement of debt and a revision to the tax provision, as compared to earnings of $4.2 million or $0.01
Troll module M13 leaves Aibel yard (VIDEO)
Norway’s Aibel is delivering three new modules to Statoil’s Troll A platform in order to expand the gas compression capacity.