Fossil Energy
NPD: Total recoverable resources up
The Norwegian Petroleum Directorate’s resource accounts show that the total recoverable petroleum resources are estimated at 14.2 billion standard cubic metres (Sm3) of oil equivalents (o.e.). New acreage in the southeastern Barents Sea and the shelf around Jan Mayen is included in the resource acco
Ian Tyler to succeed Sir Bill Gammell as Chairman in Cairn
Cairn announced that Sir Bill Gammell will retire as non-executive Chairman of the Company with effect from the conclusion of the Company’s AGM on 15 May 2014. As part of the Company’s long term succession planning he will be succeeded by Ian Tyler, who is currently a non-executive director of the C
IOG gets 18 month extension on Blythe and Skipper licences
The Board of Independent Oil and Gas plc (“IOG”), the North Sea focused Oil and Gas Company, has confirmed that the Blythe and Skipper licences have been extended by 18 months to 31st September 2015. Alpha Petroleum Resources Ltd operates the Blythe and Skipper licences in which IOG has a 50% intere
EnQuest buys Greater Kittiwake Area assets from Centrica
The GKA includes the Kittiwake, Mallard, Gadwall, Goosander and Grouse fields.
‘Polar Onyx’ Named at Ulstein Verft
On Friday 28 February 2014, the offshore construction vessel ‘Polar Onyx’ was named at Ulstein Verft. The vessel is built for GC Rieber Shipping, and is chartered by Ceona for five years for deepwater projects offshore Brazil. The lady sponsor was Ms Natalie Dawn Preston, daughter of Ceona’s CEO, St
Ocean General completes drilling in Vietnam. No oil found
Ocean General semi-submersible drilling rig has completed drilling operation at a well offshore Vietnam without discovering hydrocarbons.
Most popular articles of the week Feb. 24 – Mar. 2
Most popular articles of the week Feb. 24 – Mar. 2
U.S. weekly offshore rig count drops to 55
U.S. Rig Count is down 2 rigs from last week to 1769, with oil rigs up 5 to 1430, gas rigs down 7 to 335, and miscellaneous rigs unchanged at 4, Baker Hughes Incorporated said in its Weekly Rig Count published Friday. U.S. Rig Count is up 12 rigs from last year at 1757, with oil […]
Milestone orders eight S-92 helicopters from Sikorsky
Milestone Aviation Group, and Sikorsky Aircraft Corporation announced at Helicopter Association International’s Heli-Expo that Milestone has increased its S-92 order book by eight units. Milestone is already one of the world’s largest S-92 owners and it has now increased its firm and option S-92 ord
Fairmount delivers Ensco 5002 rig to Singapore
Fairmount Marine has safely delivered rig ENSCO 5002 in Singapore. The rig was towed from Rio de Janeiro, Brazil, via Cape Good Hope, by tug Fairmount Expedition. ENSCO 5002 is a 1975 built 70 meters long and 61 meters wide semi- submersible drilling rig. The rig can accommodate up to 110 persons an
ES Group to build jack-up rig blocks for ‘major customer’
Singapore’s ES Group said it has won three repeat orders from a major customer in Singapore for jack-up blocks with a total contract sum of approximately S$15 million. The construction of the three jack-up blocks has commenced and is carried out at the Group’s Thailand yard. They are expected to be
Dril-Quip ends 2013 with $170M profit
Dril-Quip, Inc. reports net income of $47.1 million, or $1.15 per diluted share, for the three months ended December 31, 2013, versus net income of $31.0 million, or $0.76 per diluted share, for the fourth quarter of 2012. The fourth quarter 2013 results were unfavorably impacted by an after-tax for
Vantage Drilling swings to 4Q profit
Vantage Drilling Company reports record net income for the three months ended December 31, 2013 of $30.3 million or $0.09 per diluted share as compared to a net loss of $11.5 million or ($0.04) per diluted share excluding approximately $122.1 million of charges for the early retirement of debt, for
Ezra’s Executive Director resigns from Board
Singapore’s Ezra Holdings Limited announced that its Executive Director, Tay Chin Kwang, will be stepping down on 1 March 2014. “It’s the Group’s efforts to comply with the Code of Corporate Governance of having Independent Directors make up at least half of the Board. He will continue to serve as a