Fossil Energy
Electrical black-out shuts production from Helix Producer I
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) is responding to a report of an emergency disconnect and production shut-in onboard the Helix Producer 1 floating production unit located approximately 100 miles southwest of Houma, La. The offshore oil and gas operator, Energy Resources
Ecopetrol bids for 11 blocks in Gulf of Mexico
Ecopetrol S.A. announces that its U.S. affiliate (Ecopetrol America Inc.) placed the most competitive bids for 11 blocks in the “Central Planning Area Lease Sale 231” round held in New Orleans on March 19, as disclosed by the Bureau of Ocean Energy Management (BOEM), the governmental authority in ch
Ithaca Energy reaches record earnings
Ithaca Energy Inc. releases its financial results for the twelve months ended 31 December 2013, independently assessed year-end reserves and an operations update. Les Thomas, Chief Executive Officer commented: “2013 marked a step-change in the development of the Company. Production, cashflow and res
ROC sells Basker Manta Gummy to Cooper Energy
Roc Oil Company Limited today announced that it has signed a sale and purchase agreement to sell its entire 50% participating interest in the Basker Manta Gummy (BMG) field to Cooper Energy Limited. The BMG field is located in the Gippsland Basin, 50-75 kilometres off Victoria, Australia ROC receive
CCC employs Saab Seaeye’s Cougar XTi ROV
An ROV able to work at both platform and pipeline – and handle many different projects – attracted CCC (Underwater Engineering) to the Saab Seaeye Cougar XTi, fitted with the iCON intelligent control system. CCC (Underwater Engineering) S.A.L. is a provider of offshore construction and subsea servic
BP discusses oilfield digitalisation at SPE Intelligent Energy 2014
BP will draw from the success of its innovative Field of the Future® programme and pose challenging questions of the industry on the future aspirations for the digital oilfield at SPE Intelligent Energy 2014 in Utrecht, from April 1-3. Under the theme empowered by real time® integrated data, BP will
Bumi Armada, Eni sign $2.9B Angola FPSO LOI
Bumi Armada will convert a Very Large Crude Carrier into an FPSO which will serve Eni in Angola. Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has received a Letter of Intent from eni Angola S.p.A , a wholly-owned subsidiary of Eni S.p.A. the Italian multinatio
Husky Energy: Liwan starts producing gas (China)
Husky Energy and CNOOC Limited have begun first production at the landmark Liwan Gas Project in the South China Sea. “Liwan is Husky’s largest project to date and places us inside the door of one of the fastest growing energy markets in the world,” said CEO Asim Ghosh. “It was a massive undertaking
Nam Cheong reaches milestone with sale of two vessels
Nam Cheong Limited today reported that it has sold another two vessels worth approximately US$43.1 million (approximately S$54.4 million), making it a record sale of seven vessels within the first three months of this year. With these two latest sales contracts, Nam Cheong’s order book has hit RM1.4
SGH, Nexus Energy agree takeover terms (Australia)
Seven Group Holdings Limited (SGH) announced today it had signed a merger implementation agreement to acquire all of the outstanding equity of Nexus Energy Limited (NXS) by way of a scheme of arrangement. The offer to NXS shareholders is AUD0.02 per share in cash. Closing of the transaction is expec
Dolphin to carry out seismic survey in East Africa
Dolphin Geophysical has been awarded a 3D seismic contract with a non-disclosed major Oil Company in East Africa. The survey, covering several areas to be explored, will be carried out with a Dolphin high-capacity 3D vessel capable of towing 12 or more seismic cables. “Dolphin will commence the pl
Most popular articles of the week, March 24 – 30, 2014
Read the most popular articles of the week: World’s largest jack-up rig, biggest FSRU, Myanmar offshore awards, Greenpeace rig-climbers, Gulf of Mexico spar platform.
Baker Hughes weekly rig count: U.S. offshore rigs down by 5
Baker Hughes Incorporated has posted its Weekly Rig Count report. According to the report the U.S. offshore rig count has dropped by five from the last week. BHI Rig Count: U.S. + 6 to 1809 rigs U.S. Rig Count is up 6 rigs from last week to 1809, with oil rigs up 14 to […]
Repsol approves YPF compensation agreement
Repsol’s Annual General Meeting today ratified the agreement reached with the Government of Argentina which recognises the company’s right to receive $5 billion in compensation for the expropriation of 51% of YPF and YPF GAS and stipulates guarantees for effective payment as well as the termination