Fossil Energy
Petsec sells interests in Gulf of Mexico assets
Sydney-based Petsec Energy Ltd today announced an agreement which will substantially increase its cash resources to US$37 million with the sale of selected USA oil and gas interests to a privately held U.S. exploration and production company. The agreement delivers $17 million in cash to Petsec En
Shell launches SAR helicopter service in Australia
Shell Australia has launched a dedicated search and rescue (SAR) helicopter service to support the offshore oil and gas industry in the Kimberley – the first of its kind in Australia. The EC225 SAR helicopter is based at the Broome International Airport and is operated by CHC. It is supported by a d
Vard acquires STX Canada Marine
Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, has announced that it has acquired STX Canada Marine Inc., a leading marine engineering and design company with more than 30 years history in North America, for approx. NOK 65 million. Head
Croatia: INA produces gas from Izabela field in Adriatic Sea
INA-Industrija nafte and Edison International started the production on the Izabela field in the northern part of the Adriatic Sea upon agreeing on the final outstanding issues by which all the preconditions for the beginning of the gas exploitation have been fulfilled. Production will be divided be
Aker Solutions looking to ease overcapacity in MMO business. Can’t rule out layoffs
Aker Solutions is transferring employees to a new subsea engineering hub in Stavanger, Norway and using the Aker Advantage recruitment agency to find work for more than 200 employees impacted by the slowdown in Norway’s offshore maintenance and modifications market. The company has said it is acting
Ichthys FPSO hull launched
Japan’s INPEX announced today it launched the hull of the floating production, storage and offloading (FPSO) facility for the INPEX-operated Ichthys LNG Project from the dry dock at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Geoje, South Korea. The launch on Sunday, 6 July, sa
Nido Petroleum: Baragatan disappoints
Nido Petroleum Limited on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) Limited has announced that the Baragatan- 1A well, offshore the Philippines, on July 6, 2014 had reached a depth of 2,681 meters Measured Depth (2,328 meters TVD sub-sea) having drilled throug
Centrica finds no oil at Butch South West well
Faroe Petroleum has announced that drilling has reached target depth on the Centrica-operated Butch South West exploration well 8/10-6S which follows up the Butch East well and the Butch Main discovery (Faroe 15%). The Butch South West exploration well 8/10-6S spudded in early June 2014 and reached
Most popular articles of the week Jun 30 – Jul 7, 2014
Most popular articles of the week Jun 30 – Jul 7, 2014
U.S. Offshore rigs down by 1
According to the Baker Hughes’ Weekly Rig Count report, issued on July 3, the U.S. offshore rig count was 54.
Airbus takes blame for North Sea helicopter ditching
Lawyers representing several passengers injured when a Eurocopter Super Puma helicopter came down in the North Sea 32 miles south west of Shetland in October 2012 have welcomed an acceptance of responsibility from the helicopter manufacturer which, they say, now paves the way for settlements to be a
Leading Australian geologist calls it quits
Leading Australian geologist Dr Marita Bradshaw retired at the end of June after many years of dedicated service at Geoscience Australia.
Vroon, Polarcus pen VOS Theia charter deal
Vroon is continuing its cooperation with the UAE-based seismic specialist Polarcus.
Damen delivers ‘Fugro Proteus’
Fugro has taken delivery of the first of three Fugro Offshore Coastal Survey Vessels (FOCSV) being built by Damen. The first of a new class, the Fugro Proteus is a compact, survey ship capable of undertaking a wide range of survey, monitoring and inspection operations. The vessel is designed for a v