Fossil Energy
Most Popular News of the Week Jan. 27 – Feb. 2, 2014
Read the most popular news of the week. Hijacks, new vessels, virtual tours, oil leaks, new start-ups, lay-offs, arctic, new rigs…
EnVen Regains Control of Gulf of Mexico Well. Gas No Longer Flowing
The Bureau of Safety and Environmental Enforcement (BSEE) confirmed yesterday that the flow of natural gas from the A-7 well, Vermilion Block 356, has been stopped by pumping weighted drilling fluids into the well. The well is located in the Gulf of Mexico, approximately 108 miles southwest of Lafay
Petrobras 2013 Production Down on Project Delays
Petrobras’ December production slightly rose, but the company reported a drop of 1.5% in production for the full year 2013. Brazil’s state-run oil corporation Petrobras has announced that its total oil and natural gas production in Brazil, in December of 2013, was 2.362 million barrels of oil equiva
Dockwise Transporting Statoil’s Cat-J Rigs
Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis) was awarded several contracts in January 2014 with a combined value of approximately USD 65 million. The largest contract award was from Statoil Petroleum AS for the transportation of two very large new jack-up drill
Nautronix Delivers Positioning Systems for Rowan Drillship
Nautronix has delivered the first two NASDrill RS925 and NASeBOP (Emergency BOP Acoustic Control) systems from their current order of four systems for two of Rowan’s new ultra-deepwater drillships, the Rowan Relentless and the Rowan Reliance. The total contract value is worth approximately $10 milli
OMV Abandons Matuku Well. Pateke Up Next
OMV has has plugged the the Matuku-1 well in PEP 51906 offshore Taranaki, New Zealand. The semi-submersible drilling rig, Kan Tan IV, will next move to the Pateke prospect in the Tui oil fields in PMP 38158. Drilling operations at Matuku began on 30 November and the well was drilled to 4,846 metres.
Chevron 4Q Earnings Down on Lower Crude Prices, Refining Margins
Chevron Corporation today reported earnings of $4.9 billion for the fourth quarter 2013, compared with $7.2 billion in the 2012 fourth quarter. Full-year 2013 earnings were $21.4 billion , down 18 percent from $26.2 billion in 2012. Sales and other operating revenues in the fourth quarter 2013 were
White House Releases Arctic Plan. Sen. Murkowski Calls for Action, Not Words
The White House yesterday released the Implementation Plan for the National Strategy for the Arctic Region. The Administration solicited input from Alaska Natives, the State of Alaska, Congress, academia, industry and others to develop an Implementation Plan that sets forth the guidelines for Federa
Oil Production from Statfjord C Resumes
Statoil has restarted production from the Statfjord C platform in the Norwegian part of the North Sea. In an update issued yesterday, the Norwegian oil company said the production was resumed Wednesday evening after required inspection was completed. Statoil was forced to shut down the output from t
NOV: Strong Demand for Oilfield Equipment in 4Q
National Oilwell Varco, Inc. today reported that for the fourth quarter ended December 31, 2013 it earned net income of $658 million, or $1.53 per fully diluted share. Earnings improved three percent compared to the third quarter of 2013, and were down two percent compared to the fourth quarter of 2
Wintershall Hires ‘Ocean Pride’ PSV
Atlantic Offshore has informed that the Platform Supply Vessel ‘Ocean Pride’ has been hired by Wintershall. The contract is for 16 wells, and is expected to last up to 4 years. Ocean Pride will perform both regular supply services, as well as supply and emergency services. Ocean Pride is a supply ve
Promar Orders 2 PSVs from Damen
PROMAR has ordered two Platform Supply Vessels from Damen Shipyards Group and this ambitious Swiss company is looking to further expand the offshore fleet under its management in the next five years. The first Damen PSV 3300 will be delivered in February 2015 and the second, in August of the same ye
Fritz Schur Steps Down as Dong Energy’s Chairman
Fritz Schur is stepping down as chairman of the Board of Directors of Denmark’s Dong Energy, after nine years at the helm. Yesterday, the Danish Parliament’s Finance Committee approved the final implementation of the investment agreement between the Danish State, DONG Energy, Goldman Sachs, Arbejdsm
Huntington Oil Field Resumes Production
Production from the Huntington offshore oil field, located in the UK sector in the North Sea, has resumed, Iona Energy has reported. Production was restricted from January 15th due to the Voyager Spirit FPSO storage tanks being full and extreme weather preventing the shuttle tanker connecting for of