Fossil Energy
UK Sees Rise in Field Start-Ups in 2013. Drilling Numbers Drop
The number of fields which began producing oil and gas in the UK hit its highest level for five years in 2013.
Occidental Extends ‘Al Wajba’ Rig Contract (Qatar)
Qatar’s Gulf Drilling International and Occidental Petroleum have signed a five year contract for the jack-up rig ‘Al Wajba’. The contract will take effect on January 1, 2015, upon expiration of the current contract. The rig has been working for Oxy Qatar since 2008. The estimated value of the deal
Petrofac Extends FPSO Lease in Thailand
Petrofac has extended the lease for its Jasmine Venture floating production, storage and offloading (FPSO) vessel in the Gulf of Thailand, Reuters has reported. The FPSO vessel, renamed into FPF3 back in 2011, has been moored at the Mubadala Petroleum-operated Jasmine field, offshore Thailand, since
Oil&Gas UK: New Technology Vital for Extraction of Remaining North Sea Oil
Offshore Energy Today is sharing the following interview on new technologies for well intervention in the North Sea, with permission from Offshore Network. Oil & Gas UK’s operations consultant Dr Andrew Leonard speaks with Dean Murphy, Director, Offshore Network. Well intervention projects are a top
KUFPEC Buys BP’s Share in South China Sea Field for $137M
Kuwait Petroleum Corporation has through its subsidiary KUFPEC (China) Inc. recently completed the transaction to acquire an additional 15.3% interest in the Yacheng 13-1 natural gas field in the South China Sea from BP for approximately US$137.4 million. The Yacheng 13-1 natural gas field was disco
James Fisher Buys Subsea Vision (UK)
James Fisher and Sons Plc, a marine services business, today announces the acquisition of the entire share capital of Subsea Vision for £2.5m. Subsea Vision owns and operates remotely operated vehicles (ROV) providing underwater surveys, inspections and construction support to the oil and gas indust
Huisman Installs Offshore Mast Crane on ‘Lewek Constellation’
Huisman China’s new 2,400mt quayside crane was used to finalize the installation of a 3,000mt Offshore Mast Crane onboard the ‘Lewek Constellation’ yesterday. The quayside crane, also known as the ‘Skyhook’, installed the 3,000mt Offshore Mast Crane in a mere two lifts within a three day period. The
Afren CEO: 2013 Was Exceptional
Afren has today announced it expects to deliver record financial results for 2013, with sales revenue of circa US$1.65 billion and operating cash flow in excess of US$1.1 billion. This is driven by a year-on-year 14% increase in like-for-like net production, principally from the Ebok and Okoro field
Kraken FPSO to Receive Topside Power Module from Wärtsilä (UK)
Wärtsilä will supply a 62 MW topside power module solution for a Floating Production, Storage and Offloading (FPSO) vessel to be deployed at the Kraken oilfield located in the UK sector of the North Sea. This EPC (engineering, procurement and construction) award has been given in December 2013 by Ar
AWE Sells Share in BassGas Project (Australia)
AWE Limited has agreed to sell an 11.25%interest in T/L1 (BassGas infrastructure & Yolla field) and a 9.75% interest in T/18P (Trefoil field) in Australia to Prize Petroleum Company Limited, a subsidiary of Hindustan Petroleum Corporation Limited, for a total cash consideration of AUD85 million. AWE
KrisEnergy Buys 60 Pct Stake in Gulf of Thailand Block
KrisEnergy Ltd. has acquired from Mubadala Petroleum a 60% working interest in block G3/48 in the Gulf of Thailand. The agreement, which includes the transfer of operatorship to KrisEnergy, is pending approvals by the government of the Kingdom of Thailand and Block G3/48 partners. Once approvals hav
GC Rieber Shipping to Sell Reef Subsea
The sale of the stake in Reef Subsea is a consequence of GC Rieber Shipping’s strategic decision to focus on its core business.
Lundin: Poor Reservoir Quality at Torvastad Sidetrack Well
Lundin Petroleum AB announces that the side-track well 16/2-20A on the Torvastad prospect on PL501 in the North Sea sector of the Norwegian Continental Shelf (NCS), is in the process of being completed. The well 16/2-20A has been drilled as a side-track 770 metres west of the main Torvastad explorat
Keppel O&M Joins World Ocean Council
Keppel Offshore and Marine Ltd (Keppel O&M), a global leader in offshore rig design, construction and repair, ship repair and conversion, and specialised shipbuilding, has become a member of the World Ocean Council (WOC). Keppel O&M joins a growing number of companies from a wide range of industries