Fossil Energy
Bass Strait puts CEO on ice
Bass Strait Oil Company Limited advises that the Board of Directors has after discussions with the Chief Executive Office (“CEO”), Steven Noske, served him with a formal Notice of Termination after two months from 14 March 2014. The Company said: “The Notice of Termination does not represent any dis
Babcock refits Bibby Offshore’s DSV Polaris
Babcock has successfully completed a contract to undertake a substantial refit on Bibby Offshore’s dive support vessel, Polaris, at its Rosyth dockyard. The project was Bibby’s largest ever refit package and underlines Babcock’s move to expand its role in the maintenance and refitting of complex oil
Gallery: Siem Symphony launched in Poland
Polish Nauta Shiprepair Yard S.A. has launched a hull of the Siem Offshore-owned platform supply vessel, Siem Symphony. The Siem Symphony is designed by Finland’s Wartsila for safe and reliable services to offshore installations. The vessel is environmentally friendly with focus on dual fuel consump
Cairn pulls the plug on JM-1 well offshore Morocco
Cairn Energy Plc has plugged and abandoned its JM-1 well, off the coast of Morocco. The company said that the well, which was spudded in January, drilled to evaluate Upper Jurassic and Middle Jurassic objectives, reached a total depth of 3,711m TVDSS and has been plugged and abandoned without testin
Keppel shipyards secure contracts worth $110M
Keppel Corp. shipyards have secured contracts worth a total of about S$140 million (USD 110 million). Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said, “We are happy to be able to offer our comprehensive suite of offshore and marine solutions to our valued repeat customers,
Gallery: Australian Navy warships safeguard offshore oil and gas rigs
A trio of warships recently conducted a patrol of the North West Shelf Oil and Gas Fields as part of the Australian Government’s Border Protection Operations. HMA Ships Success, Ballarat and Toowoomba tested communications, procedures and protocols between Coastwatch, Defence assets and Oil and Gas
BG Group makes hydrocarbon discovery offshore Tanzania
Pancontinental Oil and Gas NL has provided an update regarding the Sunbird-1 exploration well in area L10A (Pancontinental 18.75%) offshore southern Kenya.
Wintershall sells VNG share to focus on upstream
Wintershall, Germany’s largest internationally active crude oil and natural gas producer, is planning to divest its shareholding in the Eastern German company Verbundnetz Gas AG (VNG) as part of its strategy to concentrate on the upstream sector.
LetterOne to buy RWE Dea for $7.1B
Germany’s RWE Aktiengesellschaft and LetterOne Group have today agreed terms for the sale of RWE Dea AG for approximately 5.1 billion Euro (USD 7.1 billion)
EMGS begins 3D EM shoot in Northwest Africa
Electromagnetic Geoservices ASA (EMGS) has received a contract to carry out a 3D EM survey in Northwest Africa. The company did not say who the client was. According to the Letter of Intent signed in February, the contract is valued at USD 8.3 million. The vessel BOA Thalassa has started the survey,
Vard confirms contract with Mermaid Marine for two PSVs
Vard Holdings Limited has announced that it has secured new contracts for the design and construction of two Platform Supply Vessels for Mermaid Marine Australia Limited. The vessels will be delivered from Vard Vung Tau in Vietnam in 4Q 2015 and 1Q 2016 respectively. The vessels are multifunctional
Shell, Petronas make oil discovery at Limbayong well (Malaysia)
PETRONAS and Shell have made an oil discovery offshore Sabah, Malaysia. The discovery was made via the Limbayong-2 well during the appraisal of the Limbayong gas field by Shell. The appraisal well encountered 136 metres of oil bearing sands, and there are plans to conduct more appraisal work on the
Scana sells part of Scana Offshore to HitecVision
Scana Industrier ASA has signed an agreement regarding sale of the daughter companies Scana Offshore Services Inc, Scana Offshore Technology AS and the service part of Scana Offshore Vestby AS. All these companies are a part of the business area Scana Offshore. The buyer is HitecVision fond VI. Scan
An oil major wants to hire Safe Scandinavia
Prosafe has been awarded a Letter of Intent (LoI) by an undisclosed oil major for the provision of the Safe Scandinavia semi-submersible accommodation vessel temporarily converted for tender support operations at a location on the Norwegian continental shelf. On site operations are planned to start