Fossil Energy
OneSubsea reaches subsea trees milestone. 100th unit shipped
OneSubsea™ has shipped its 100th subsea tree from its manufacturing facility at Port of Tanjung Pelepas in Johor, Malaysia.
Circle Oil: Mahdia drilling imminent (Tunisia)
Circle Oil Plc, the international oil and gas exploration, development and production company, has announced the operational update on Mahdia Block, offshore Tunisia. Plans are well advanced for the drilling of the Mahdia commitment well with long lead items prepared for shipment, main and sub contr
Malaysia’s SapuraKencana enters $5B refinancing deal
Malaysia’s SapuraKencana Petroleum Berhad has successfully concluded and signed a RM16.5 billion (US$5 billion) refinancing club deal with 13 local, regional and international banks. The refinancing program was put in place to replace and streamline facilities that were inherited following the merge
ConocoPhillips spuds Poseidon North-1 well, Australia
Karoon Gas Australia has announced that the Poseidon North‐1, the fifth well in the Browse Basin Phase 2 exploration drilling campaign, offshore Australia, was spudded at 21:40 WDT on 19 March 2014. The Poseidon North‐1 exploration well, located 6.5 kilometres north‐east of Poseidon‐1 in permit WA‐3
Shell expands its Gulf of Mexico portfolio with new offshore blocks
Shell continues to build upon a strong position in the Central Gulf of Mexico and is the apparent high bidder on 4 blocks during today’s US Bureau of Ocean Energy Management (BOEM) Lease Sale 231. Shell bid on a total of 8 blocks and exposed approximately $100,000,000. Shell was the apparent high bi
A number of key contracts awarded for Shah Deniz Stage 2
The Shah Deniz and South Caucasus Pipeline consortia are moving forward at pace with the awards of key contracts for the development of the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects. The contracts, covering both project management services and construction, follow the
Baker Hughes and TMK work on well completion solutions
Baker Hughes Incorporated, an oilfield service company, and TMK, a producer of pipes for the oil and gas industry, have announced that they have signed a letter of intent to jointly develop integrated well completion solutions. Targeted at both onshore and offshore fields, the solutions will provide
Huisman cranes for world’s largest crane vessel
Heerema Marine Contractors (HMC) recently signed a Letter of Intent with Huisman Equipment for the design and construction of two powerful cranes for its planned New Semi-submersible Crane Vessel (NSCV). Each crane will be capable of lifting 10,000 tonnes in revolving mode, making them the largest o
Gazprom enters Arctic Oil Spill Response Technology JIP
Russia’s Gazprom Neft has become the first Russian company to join the Arctic Oil Spill Response Technology Joint Industry Programme run by the world’s largest oil and gas companies. The four-year JIP was launched in December 2012 to carry out research in several areas, including studying the fate o
Serimax names new Country Manager in Norway
International welding and subsea fabrication specialist, Serimax, have strengthened their presence in Norway with the appointment of Jan Langeland as Country Manager.
Tangiers’ takover of Jacka falls through
Tangiers Petroleum Limited has advised that the offer period for its off-market takeover offers for all the shares and listed options in Jacka closed at 7 pm, Sydney time, on 18 March 2014. The takeover offers were subject to various defeating conditions, including the 90% minimum acceptance conditi
Wärtsilä to deliver VIEC systems for offshore oil fields in North Sea
Wärtsilä has signed three contracts with Aker Midsund of Norway to deliver its Vessel Internal Electrostatic Coalescer (VIEC®) systems for three North Sea oilfields. The system enhances the speed and efficiency of the separation process of oil and water onboard in an environmentally safe manner. The
OMV buys UK offshore fields from Hess
Austria’s OMV is expanding its position in the UK core area. Agreement has been reached with the U.S. based oil and gas company, Hess to acquire four licenses in West of Shetland (WoS), UK, including the field Cambo and the Blackrock prospect. OMV CEO Gerhard Roiss: “This transaction further strengt
Otto Marine receives contract for MPSV Go Explorer
Otto Marine Limited has announced that the Group has secured charter contracts for its Multiple Purpose offshore Supply Vessel, Go Explorer, for a total of US$21.0 million. Go Explorer will initially be deployed on a contract in Vietnam. After Vietnam, the vessel will sail to Australia where it will