Fossil Energy
AWE identifies oil presence at Pateke-4H
AWE Limited reports that as at 06:00 hours (6.00am NZDT) today, the Pateke-4H development well, offshore New Zealand, had been drilled to a total measured depth of 4,110 metres and an inclination of 89 degrees. The primary objective, the Kapuni F sands, has been penetrated on prognosis by the 12 ¼”
SeaBird secures a contract for its ‘Osprey Explorer’
SeaBird Exploration Plc announces that Osprey Explorer has been awarded a contract in South America for a major oil company. The contract has an estimated duration of approximately 75 days and a value of approximately USD 9 million. Startup is expected by the middle of March. SeaBird is a global pro
Songa Offshore earnings in North Sea affected by bad weather in February
Songa Offshore, an international offshore drilling company, has released its monthly rig fleet update for February 2014. Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an oper
RWE Dea Norge gets drilling permit for well 35/9-11 S/A
The Norwegian Petroleum Directorate has granted RWE Dea Norge a drilling permit for well 35/9-11 in the Norwegian part of the North Sea. Well 35/9-11 S/A will be drilled from the Leiv Eiriksson semi submersible drilling rig, after drilling is completed on wildcat well 25/5-9 for Total E&P Norge AS i
McDermott to build offshore topsides for Arabian Gulf client
The combined total weight of the structures will exceed 3,500 metric tonnes.
VNG makes oil and gas discovery at Pil prospect (Norway)
Rocksource ASA has announced an oil and gas discovery in the VNG-operated Pil prospect in PL 586 in the Norwegian Sea. Rocksource’s preliminary volumetric estimates indicate recoverable resources above the estimated pre-drill range of 20-50 million barrels of oil equivalent. CEO Chris Spencer said:
Technip wins major subsea contract in Indonesia
For Technip, a “major” subsea contract is ranging from €500 to €1,000 million.
BOURBON makes $158M in 2013
BOURBON announced full year 2013 financial results with net income up 174% to $158 million increased operating margin and capital gains generated $790 million EBITDA, up 41.7% compared to 2012. “EBITDAR (before capital gains) as a percent of revenues (operating margin) increased by more than 2 point
Talisman Sinopec to use ‘Archer Emerald’ modular rig on UKCS
Archer, a global supplier of drilling and well services, has secured a contract for the provision of drilling services with Talisman Sinopec Energy UK Limited.This contract marks the first operation using the Archer Emerald modular rig on the U.K. continental shelf. The Archer Emerald is currently o
Exxon Mobil: 10 new projects to come in production in 2014
Exxon Mobil Corporation expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth, Rex W. Tillerson, chairman and chief executive officer, said today. “These proj
Importance of technology for N. Sea future highlighted at ITF event
Leading industry figures speaking at the ITF Technology Showcase today highlighted the importance of technology to the future of the North Sea. The industry and government body PILOT set up a working group to develop a roadmap to develop actions in support of technology development. This working gro
Obama requests $204.6 million for BSEE (USA)
President Obama’s fiscal year 2015 budget request for the Bureau of Safety and Environmental Enforcement (BSEE) is $204.6 million, a $2.0 million increase over the 2014 enacted level. The Administration’s proposal would provide critically needed resources to further strengthen BSEE’s regulatory and
Pirates kidnap three from ‘Prince Joseph 1’ vessel in Nigeria
Offshore supply vessel Prince Joseph 1 was reportedly attacked by pirates yesterday, off the coast of Nigeria.
Wärtsilä’s BWMS certified for hazardous onboard areas
Wärtsilä AQUARIUS UV Ballast Water Management System (BWMS) has successfully completed verification testing for explosion proof (EX) requirements.