Fossil Energy
ExxonMobil spuds in Neptun Block off Romania
ExxonMobil Exploration and Production Romania Limited, an affiliate of Exxon Mobil Corporation, and OMV Petrom S.A. have announced the start of drilling at the Domino-2 well in the deepwater sector of the Neptun Block offshore Romania in the Black Sea. Data collected during the drilling program will
Qatar Petroleum hires GDI’s new jack-up ‘Halul’
Gulf Drilling International Limited, a subsidiary of Gulf International Services, has announced that they have been awarded a new contract by Qatar Petroleum for a new hi-spec premium jack-up rig starting in the 2nd quarter in 2016. The brand new rig, recently named “Halul”, will become the 4th jack
Karoon places Block Z-38 in force majeure (Peru)
Karoon has received notification from the Peruvian oil and gas regulator, Perupetro S.A. that the Company’s application to place the Tumbes Basin exploration Block Z-38 into force majeure has been received and approved. Karoon’s application for force majeure was requested on the basis of Karoon bein
No oil in Lupus well, Tullow says (Norway)
Tullow Oil plc has announced that Tullow Oil Norge AS, operator of the production licence PL 507, did not encounter hydrocarbons in the Lupus exploration well (31/10-1) which will now be plugged and abandoned. The well is located 35 km south east of the Oseberg Sør Field and 110 km west of the islan
Silverfleet Capital acquires AGR
Norway-headquartered AGR Holdings AS (AGR) has been acquired by the independent European private equity firm Silverfleet Capital. The deal, worth NOK 1,640 million (€195m) is expected to be completed on or around the end of August 2014. AGR Holdings AS is the petroleum services division of Oslo-list
SONA to wrap up acquisition of Bualuang stake (Thailand)
Salamander has signed a definitive Share Sale and Purchase Agreement with SONA Petroleum Berhard (SONA) to dispose of an effective 40% working interest in the B8/38 concession containing the Bualuang oil field and the surrounding G4/50 concession, both located in the Gulf of Thailand. Under the term
Det norske: Gohta-2 well confirms oil and gas presence (Norway)
Det norske oljeselskap ASA has announced that the Gohta-2 appraisal well in PL492 is about to be completed. The well confirmed presence of oil and gas and two production tests were undertaken. The test of the gas zone was successful, whereas the test in the oil zone was inconclusive. The appraisal w
Harvest secures Ruche exploitation authorisation offshore Gabon
Panoro Energy ASA has announced the signing of a Declaration of Commerciality (DOC) and the award of an Exclusive Exploitation Authorisation (EEA) by the Gabonese Authorities covering four oilfields in the Ruche area, collectively called “Ruche”. The executed DOC and award of the EEA means that Ruch
Plexus wins equipment delivery for Centrica (UK)
Plexus Holdings PLC, has received an additional purchase order from Centrica Energy Exploration and Production to supply surface wellhead and mudline equipment services for an exploration well in the Southern North Sea, Offshore UK. The value of the order is estimated at approximately $1 million (£6
Sembmarine gets FPSO conversion contract for Kaombo Project
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA, France for the conversion of two FPSOs for the Kaombo Project in Offshore Angola. Sembawang Shipyard was awarded this
Most popular articles of the week, July 14 – 20, 2014
Workers stuck on North Sea rig due to helicopter leak A crew consisting of 18 oil workers has been left stranded on a North Sea Ensco 102 rig when discovered that the helicopter, that was supposed to fly them home, is leaking fluid. Saipem bags two FPSO contracts in Brazil and Angola Saipem has [&
Baker Hughes: U.S. offshore rigs up by 1
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. BHI Rig Count: U.S. – 4 to 1871 rigs U.S. Rig Count is down 4 rigs from last week to 1871, with oil rigs down 9 to 1554, gas rigs up 4 to 315, and miscellaneous rigs up 1 to 2. […]
PSA reviews pressure drilling on COSL Innovator
From 10 to 13 June 2014, the Petroleum Safety Authority Norway carried out an audit of Statoil’s use of managed pressure drilling using COSL Innovator on the Troll field. The objective of the activity was to audit that Statoil, the service providers, drilling contractor and other stakeholders, were
Statoil’s MDR monitoring on Heimdal needs improvement
From 24 March to 18 June 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s monitoring of major-accident and OHAS risk associated with a modular drilling rig (MDR) in temporary use for well plugging at the Heimdal facility. The objective of the activity was to audit