Fossil Energy
Record Sales for Santos (Australia)
Santos today announced record sales revenue of $1.1 billion for the fourth quarter of 2013. The record result was driven by the company’s highest oil production in six years, strong oil prices and higher third party sales volumes. Total sales revenue for 2013 of $3.6 billion was also a record and 12
Dana Petroleum Starts Seismic Data Acquisition Offshore Cameroon
Dana Petroleum has started full 2D seismic operations in Bakassi West, 18 months after signing a Production Sharing Contract (PSC) for the block with the Government of Cameroon. Bakassi West is situated in the Rio Del Rey Basin in the South West Region of Cameroon, adjoining the border with Nigeria,
Noble Corp. CEO Confident about Long-Term Outlook for Offshore Drilling
Noble Corporation today reported fourth quarter 2013 net income of $174 million, up from $127 million in earned in the same period a year ago . Results for the fourth quarter included an after tax charge of $36 million, or $0.14 per diluted share, relating to an impairment taken on the FPSO Seillean
Gulf Coast Shipyard Expands for LNG OSV Project
Gulf Coast Shipyard Group, Inc., a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets as well as the Trinity Yachts brand, announced its expansion by signing a three-year lease with one-year options with the Port of Gulfport. Specifically, Gulf Coa
DONG Energy Awarded Two Operatorships in Norway
DONG Energy’s Norwegian oil and gas business reports that they have been awarded two new licenses as operator in the 2013 Award in Predefined Areas (APA) in Norway. “We are very excited about the two licenses that we have been awarded. The licenses are situated in areas in which we are already activ
Sterling Energy Lifts Force Majeure on Ntem Block, Offshore Cameroon
Sterling Energy Plc has announced it has agreed with its partners in the Ntem Concession, offshore Cameroon to lift force majeure and proceed with exploration. The Ntem Concession has been under force majeure since June 2005 as a result of overlapping maritime border claims by the Republic of Camero
CNOOC Awarded a Licence in Dreki Area Offshore Iceland
Iceland’s national energy authority Orkustofnun has granted a new offshore licence to CNOOC Iceland ehf. as operator with 60 % share, Eykon Energy ehf with 15 % share and Petoro Iceland AS with 25 % share. CNOOC Iceland ehf. is a daughter company of CNOOC International Ltd. Eykon Energy ehf. is a da
Bayerngas Now Owns 69 Licences Offshore Norway
Bayerngas Norge today been awarded 9 licenses in the Awards in Pre-defined Areas (APA) . Through the awards the company further strengthens its position on the Norwegian Continental Shelf. “Through these awards we have strengthened our position further in our core areas around the Frøya Hights and t
Oss-nor Hammerfest Wins Goliat Valves Maintenace Job
Eni Norge has signed a long-term contract with the base workshop firm Oss-nor Hammerfest AS. Oss-nor will be responsible for the maintenance and modification of valves linked to operation of the Goliat field. This applies to both the commissioning and operations phases, and includes work on the valv
Total’s CEO Co-Chairs the 44th World Economic Forum in Davos
More than 1,500 business leaders and 50 heads of state or government will convene at the 44th World Economic Forum, which begins on Wednesday in Davos, Switzerland. This year, the Annual Meeting will be co-chaired by Total’s Chairman and CEO, Christophe de Margerie, and six other influential busines
Sembmarine: Golden Eagle LQ Module to Be Completed in May
A project milestone was achieved Monday on the Golden Eagle Living Quarters module, currently under construction on Sembmarine SLP’s Lowestoft Yard. The 70 tonne cantilevered Helideck was positioned adjacent to the top deck of the six storey offshore structure in a single lift. The LQ module which i
Lundin Petroleum’s 2P Reserves at 194 Million Barrels
Lundin Petroleum AB, a Swedish independent oil and gas exploration and production company, has announced that as at 31 December 2013 its net proven and probable working interest reserves (“2P Reserves”) are 194.1 million barrels of oil equivalent (MMboe), its best estimate (“2C”) Contingent Resource
ABB: Power Systems Division Delays Hit ABB’s 4Q Results
ABB said its fourth-quarter 2013 results were adversely impacted mainly by charges for storm-related project delays and some operational issues in the Power Systems (PS) division. Additional restructuring-related charges were taken in response to the division’s soft order intake in 2013. The company
Statoil to Use Ocean Vanguard in PL 265 (Norway)
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/2-19, in the Norwegian part of the North Sea. Well 16/2-19 will be drilled from the Ocean Vanguard rig at position 58°54’12.3” north and 2°29’37.8” east in production licence 265 in the central part of