Fossil Energy
Engineering of Aasta Hansteen platform subject of PSA inspection
From 3 to 25 June 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s engineering of the Aasta Hansteen spar platform. The objective of the audit was to assess whether Statoil’s and the contractors’ management of detail engineering in the area of OHAS was being carrie
Tullow farms into Cooper Block off Namibia
Eco (Atlantic) Oil & Gas Ltd. has executed a Farm-out agreement with Tullow Kudu Limited, a wholly owned subsidiary of Tullow Oil plc., pursuant to which Tullow has agreed to acquire up to a 40% working interest in Block 2012A (Cooper Block) in the Walvis Basin, offshore Namibia. This Farm-In, in co
PSA audits Gjøa platform (Norway)
From 5 to 8 May 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of GDF SUEZ E&P Norge AS (GDF) on board the Gjøa platform. The objective of the audit was to monitor GDF’s work in complying with its own and the authorities’ requirements for barrier management and follow-up on G
DNV GL: Roadmap of regulatory requirements for floaters in US
DNV GL has launched roadmap of regulatory requirements for floaters in the US. In the first comprehensive overview of its kind, DNV GL has mapped out what is necessary to be in compliance with US Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in US waters. The roadmap document calle
Apache drilling ahead at Phoenix South-1
Carnarvon Petroleum Limited has reported that the Phoenix South-1 well has successfully set the 9 5/8” casing in the side-track well and is drilling ahead. As at 12:00 hours today the well was drilling ahead at approximately 3,750 meters MD in the final hole section. The primary targets for the Phoe
Cargotec not to list MacGregor
Cargotec has decided to reverse earlier plans to separately list its MacGregor business. Cargotec’s Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by delivering profitable growth within the n
EEEGR CEO calls for protection of North Sea gas sector
East of England industry chiefs are being urged to put pressure on the Government to help sustain North Sea gas production and exploration, in a rallying call from Simon Gray, CEO of the East of England Energy Group (EEEGR). Gray fears that without a change in the tax regime to encourage further inv
ONGC to deploy ‘Seamec I’
Seamec Limited has informed that the Company has been awarded a Letter of Intent dated 23rd June, 2014 by Oil and Natural Gas Corporation Limited (ONGC) for deployment of its vessel SEAMEC I for undertaking Air Diving job for a period of 5 years. The Vessel is required to be mobilized within 150 day
Pulse delivers fatigue monitoring system for Hurricane Energy
Pulse Structural Monitoring (Pulse), an Acteon company, has provided a real-time wellhead fatigue monitoring system for drilling and well testing operations on the Lancaster Discovery, west of Shetland in the UK North Sea. The well operator, Hurricane Energy plc, wanted to check the wellhead fatigue
APPEA: O&G Industry pleased with Government rulling
The Australian Petroleum Production & Exploration Association (APPEA), the peak national body representing Australia’s oil and gas exploration and production industry, has reported that the oil and gas industry has welcomed the Federal Government’s move to restore certainty to Australia’s offshore r
PTTEP opens new office in Mozambique
PTT Exploration and Production Public Company Limited or PTTEP held an office ceremony to unveil its new office in Maputo, the Republic of Mozambique. The ceremony was jointly presided by H.E. Esperanca Bias, Minister of Mineral Resources, Mozambique and Tevin Vongvanich, President and CEO of PTTEP.
Schlumberger in 24 per cent profit drop
Schlumberger Limited has delivered second-quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013. Second-quarter revenue was up 7% sequentially and increased 8% year-on-year with International Area revenue of $8.09
African Petroleum Non-Exec Director resigns BoD
African Petroleum Corporation Limited has announced that Non-Executive Director James Smith has tendered his resignation from the Board of Directors, taking effect from 1 August 2014. Smith’s decision to leave the Board of African Petroleum Corporation will allow him to focus his attention more full
BOEM in Western Gulf of Mexico lease sale
Acting Director of Bureau of Ocean Energy Management (BOEM) Walter Cruickshank has announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico P