Fossil Energy
Polarcus thinking of bond issue
Polarcus Limited has announced that the Company is contemplating a new senior unsecured bond issue with proposed maturity in July 2019. Net proceeds from the bond issue will be used to refinance existing debt, including the NOK 226 million outstanding under the NOK 230 million bond issue with ISIN N
Perisai 101 jack-up getting ready for Petronas job
Malaysia’s Perisai has taken delivery of a newly built offshore jack-up drilling rig.
Rosneft, ExxonMobil install Berkut platform offshore Sakhalin Island
Rosneft and ExxonMobil, within the framework of the Sakhalin-1 Consortium, have finished transport operation on transportation and installation of a unique sea drilling platform Berkut, which has the biggest upper part in the world, at Arkutun-Dagi on North East shelf of Sakhalin Island. The adjustm
Hakurei vessel drilling for methane hydrate offshore Japan
Japan’s Agency for Natural Resources and Energy (ANRE) will launch a drilling survey to collect geological samples, including methane hydrate, as an effort for ascertaining the amount of shallow methane hydrate resources.
KNOT Offshore buys two shuttle tankers
KNOT Offshore Partners LP has entered into agreements to acquire from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that own and operate the shuttle tankers Hilda Knutsen and Torill Knutsen (the “Acquisitions”). The purchase price of the Hilda Knutsen is $166.0 mill
SEMAC-1 to begin Ichthys pipelay ops soon
The INPEX-operated Ichthys LNG Project has welcomed the semi-submersible pipelay barge SEMAC-1 to the Northern Territory, Australia. The arrival of the 188 metre-long Saipem-operated vessel at the Darwin Outer Port Limits signals the start of important work on the Project’s 889 kilometre gas export
KrisEnergy hires Key Gibraltar jack-up for Gulf of Thailand development
KrisEnergy Ltd. has announced it has contracted the Key Gibraltar jack-up rig for development, appraisal and exploration drilling in two licences in the Gulf of Thailand. The contract with Shelf Drilling (Southeast Asia) Limited, will start around 1 January 2015 and will run for a firm six-month ter
Lukoil, NewAge farm into Bowleven’s Cameroon offshore block
Bowleven, the Africa focused oil and gas exploration group traded on AIM, has delivered its strategic intent to sell part of its interest in the Etinde Permit, offshore Cameroon, by entering into a conditional agreement with LUKOIL and NewAge. Bowleven will reduce its interest in the Etinde permit f
Pacific Radiance in Mexican joint venture
Pacific Radiance, a Singapore-based provider of integrated offshore marine services in Asia and beyond, and Mexico’s Consultoría y Servicios Petroleros, S.A. de C.V have agreed to establish a joint venture company. Singapore’s Pacific Radiance Ltd. has through its indirect subsidiary, Radiance Offsh
Eni sells 1% stake in Galp
Italian oil giant Eni has sold a 1% stake in Portugal’s Galp Energia. Eni S.p.A. (“Eni”) has completed the disposal through daily sales on the stock exchange of approximately 1% of the share capital of Galp Energia SGPS S.A. (“Galp”), corresponding to the residual stake subject to the right of first
Ophir hires Dolphin for Seychelles 3D survey
Australian energy company WHL Energy Limited has said that Ophir Energy, operator of the jointly held Seychelles exploration blocks, has contracted Dolphin Geophysical to undertake the 1500 km2 Junon 3D seismic survey over the Junon trend. Ophir Energy, as operator holds 75% equity in the Seychelles
Technip wins two subsea contracts in Denmark
Technip has been awarded two contracts by Maersk Oil for the Valdemar & Roar Gas Lift project as well as the Rolf Replacement Pipeline project.
AWE installs well control equipment at Oi-2. Resumes drilling
AWE Limited, as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, reports that the Oi-2 exploration well has completed the installation and testing of well control equipment and drilling operations have resumed. As at 06:00 hours (6.00am) NZDT today, the Oi-2 exploration well
Sonde expects to drill Fisal-1 well in Q4
Sonde Resources has provided an update regarding the company’s operations in the Joint Oil Block. The Joint Oil Block is a 768,000 acre license, equally contributed by Tunisia and Libya, straddling the maritime boundary in the central Gulf of Gabes, about 100 km (62 mi) offshore in water depths aver