Fossil Energy
SAFE accepts wages deal. No strike offshore
SAFE, Norwegian Union of Energy Workers, yesterday accepted the offshore workers’ wages deal proposed by the National Mediator, thus averting a possible strike of offshore workers on the Norwegian Continental Shelf. “We are pleased that the Norwegian Union of Energy Workers (Safe) has chosen to acce
COSL charters ‘Excellence I’ jack-up
China Oilfield Services Limited announced that it has chartered a 400-feet jack-up rig, “Excellence I”, from ICBC Financial Leasing Co., Ltd. The naming ceremony for the rig was hosted earlier yesterday. The “Excellence I” rig measures 66.71 metres in length and is 67.06 metres in width. It is desig
ConocoPhillips: Preparations underway to continue Pharos-1 drilling
Karoon Gas Australia Ltd. has reported that as at 0600 WST on 27 June 2014 preparations were being made to start drilling in the 6-1/2″ hole section of the Pharos-1 well, offshore W. Australia. The current well depth is 4,950mRT. Since the last update, the 8-1/2″ hole section was drilled from 4,570m
Canada: NEB approves seismic survey in Baffin Bay and Davis Strait
Canada’s National Energy Board has approved a Geophysical Operations Authorization application from TGS-NOPEC Geophysical Company ASA (TGS), Petroleum GeoServices (PGS) and Multi Klient Invest AS (MKI) to conduct a 2D offshore seismic survey program in Baffin Bay and Davis Strait over five years dur
Songa Offshore secures $1.1B loan to finance construction of Cat D rigs
Songa Offshore SE has secured loans to finance construction of two semi-sumbersible drilling rigs. The company has received a firm commitment from banks and an Export Credit Agency for the financing of the Cat D 3 and 4 newbuilds with a pre-delivery financing of USD 90 million per rig and a post-del
Incat Crowther-designed FSV ‘Baru Gorgona’ launched
Incat Crowther has announced the launch of Baru Gorgona, the first of a new series of twelve UT4000 Monohull Fast Supply Vessels to be built by ETP Engenharia Ltda. The vessel will support Petrobras’ offshore operations in Brazil. Additionally, Incat Crowther has signed a contract to supply the desi
Ithaca Energy delighted with third Stella development well results
Ithaca Energy Inc. has announced completion of flow test operations on the third development well on the Stella field in je UK North Sea, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day (“boepd”). Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stel
No oil at Brugdan II well (Faroe Islands)
Statoil has announced that drilling of the Brugdan II Re-Entry well in the licence 006 offshore the Faroe Islands has concluded. The well will now be plugged and abandoned. The drilling rig West Hercules will now start drilling on the Sula/Stelkur well in the Faroe Islands. It was drilled to 4542 me
Energean: Oil reserves offshore Greece up 10%
Energean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa, announces that estimated recoverable oil reserves (2P) at its assets in the Gulf of Kavala, offshore North Eastern Greece, have increased by more than 10 per cent. The re
Statoil awards pipeline repair system deal to Technip-DeepOcean JV
The Technip-DeepOcean PRS Joint Venture (JV) was awarded by Statoil ASA a new frame agreement for Pipeline Repair System (PRS) Pool services.
Construction of Lukoil’s multi-purpose OSV kicks off in Singapore
Construction of a modern multi-purpose offshore supply vessel (project H385) to RS class has begun in Singapore. The steel cutting ceremony was held at the Keppel Singmarine Pte Ltd shipyard on 20 June 2014. The ceremony was attended by LUKOIL-NizhnevolzhskNeft Deputy Director General Yuri Berkut an
QuEST Global opens upstream engineering center in Houston
QuEST Global, a leading global engineering services provider, has announced the opening of a new engineering center in Houston, Texas. The center will provide engineering services and solutions for the upstream oil industry, equipment manufacturers and other oil and gas companies. The company has ov
Eni pens offshore exploration deal with PetroVietnam
Eni’s Ceo, Claudio Descalzi, today signed in Hanoi with PetroVietnam President and Ceo, Do Van Hau, a Production Sharing Contract (PSC) for the exploration of the offshore Block 122. Block 122 covers an area of 6,900 sqkm in the Phu Khanh Basin, in waters depth up to 2,000 meters. The exploration pe
Siem Offshore refuses to pay penalty for alleged tax fraud scheme
Økokrim, The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime, has today levied a fine to Siem Offshore Inc. of NOK 10 million for alleged violations of Norwegian tax legislation following the indictment which was reported in August 2013. According t