Fossil Energy
Statoil Nets 10 Production Licences on NCS
Statoil has been awarded interests in 10 production licences in the Awards in Predefined Areas 2013 (APA 2013) on the Norwegian continental shelf. Statoil will be the operator in 7 of the licences. “We are very pleased with the APA 2013 award which is in line with our strategy. It makes a good basis
Photo: Petrofac’s New Derrick Lay Barge
Petrofac has just sent us two high resolution renders of its newly ordered Petrofac JSD 6000 deepwater derrick lay vessel. The vessel, designed by Ulstein Sea of Solutions, will be built by Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) in China . It will be ready for construction and installation
‘Island Dawn’ PSV Delivered to Island Offshore
Island Offshore has taken delivery of M/V Island Dawn from the Vard Brevik shipyard in Norway. This is the third platform supply vessel in a series of four Rolls-Royce UT 717 CD designs, delivered from Vard Brevik. Managing Director of Island Offshore, Håvard Ulstein said: “It is always a pleasure
EMGS to Provide EM Consultancy Services to Shell
Electromagnetic Geoservices ASA (EMGS) has signed a global framework agreement with Shell International Exploration and Production B.V. for the provision of consultancy services. The range of services covered by the agreement includes survey planning/modeling, EM processing, EM inversion and integra
Cosmo Oil, CEPSA to Pursue E&P Projects Together
Japan’s Cosmo Oil Co., Ltd. and Compañía Española de Petróleos, S.A.U., Spanish integrated oil company, have signed a memorandum of agreement which will see them boost cooperation in the oil and gas exploration and production sector. The companies will together work on obtaining new oil and gas conc
Ross Offshore Appointed Representative of Hannon Westwood in Norway
Hannon Westwood announces that following the successful launch of its products in Norway, it has appointed Ross Offshore AS to be its exclusive Norwegian representative. Hannon Westwood and Ross will work together to build the Hannon Westwood brand in Norway, including its flagship Atlas Intelligenc
Singapore: Jaya Reports Quarterly Profit of $7.2 M
A Singapore-based offshore energy services provider, Jaya Holdings Limited has reported consolidated revenue of US$33.0 million and net profit of US$7.2 million for the second financial quarter ended 31 December 2013. The Group’s revenue for the quarter under review was US$33.0 million. Excluding ve
PEMEX Orders Wireline International’s Wireline Conveyance Tools
Wireline International, a US subsidiary of Aberdeen based Wireline Engineering, has secured a contract worth up to $3.1/£1.9million for the supply of its patented Roller Bogie® wireline conveyance tools to Mexican state-owned petroleum company PEMEX. The wireline and well intervention technology spe
Oil & Gas UK CEO: UK Offshore Sector Faces Crisis Which Calls for Urgent Action
Oil & Gas UK CEO Malcolm Webb has issued a statement, commenting on Wood Mackenzie’s annual review of UK upstream oil and gas, which followed on the heels of data released by the Department of Energy (DECC) on drilling activity in the UK Continental Shelf (UKCS), saying that immediate action must be
MEO’s Revised Carnarvon Basin Work Program Approved (Australia)
MEO Australia Limited has been advised by the National Offshore Petroleum Titles Administrator (NOPTA) that the Commonwealth – Western Australia Offshore Petroleum Joint Authority has approved an application for a work program variation for Exploration Permit WA-361-P in the Carnarvon Basin. MEO app
Exploration Costs to Negatively Affect Lundin’s 4Q
During the fourth quarter of 2013 Lundin Petroleum achieved a production rate of 31,100 barrels of oil equivalent per day (boepd) resulting in production for the full year of 32,700 boepd. The average Brent oil price for the fourth quarter of 2013 was USD 109 per barrel. The profitability of the fou
Wood Mackenzie: Poor Exploration Performance in UK Could Reduce Investment
Wood Mackenzie’s annual UK upstream oil and gas review concludes that 2013 was a mixed year for the industry. Capital investment continued to increase, however, this was set against the backdrop of project delays, production underperformance and poor exploration success. However, Wood Mackenzie says
Providence Prepares for Spanish Point Area Seismic Survey (Ireland)
Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), provides an update on Licensing Option 11/2 (“Spanish Point South”). Capricorn Ireland Limited (38%, Operator (wholly owned subsidiary of Cairn Energy)), P
Otto Energy Begins Search for New SC55 Partner after BHP Billiton Withdraws
Otto Energy Limited has executed final binding agreements with BHP Billiton Petroleum to terminate the farm-out agreement between the two parties over Service Contract 55 (SC55), offshore the Philippines. Otto has submitted a request to the Philippines Department of Energy (DOE) for re-assignment of