Fossil Energy
BG Group Awards Air Energi with 5-Year Framework Deal
Air Energi Group, the global workforce solutions provider for the oil and gas industry, has been awarded a global framework agreement with major operator, BG Group. The agreement will see Air Energi supply both permanent and consultant services to support BG Group’s operations in Europe, the America
Era Group Buys Four Sikorsky S92 Helicopters
Era Group Inc. announces it has signed a multi-year agreement with Sikorsky Global Helicopters, Inc. for the purchase of four Sikorsky S92 heavy helicopters for an aggregate purchase price of approximately $129 million. The aircraft are scheduled for delivery commencing the first quarter of 2016. Er
Ulstein Sea of Solutions Designs Petrofac JSD 6000
Sharjah based Petrofac is to build the Petrofac JSD 6000 deepwater derrick lay vessel, a customised ULSTEIN SOC 5000 developed by Dutch design company Ulstein Sea of Solutions. The vessel will be constructed at the ZPMC yard in China and be available for construction and installation activities in e
CNOOC to Drill 155 Exploration Wells in 2014
China’s CNOOC Limited today announced a summary of the Company’s business strategy and development plan for the year 2014. The Company’s net production target of 2014 is in the range of 422 to 435 million barrels of oil equivalent (BOE), including approximately 69 million BOE as a result of the acqu
Statoil Withdraws from JLDA in the Bahamas
Bahamas Petroleum has received notification from Statoil of its intention to discontinue the joint licence development agreement (“JLDA”) held with the Company following significant exploration successes elsewhere and a subsequent review of its global portfolio. The JLDA has been in place since May
DNV GL: USA, Brazil Most Attractive Investment Destinations of 2014
Senior oil and gas professionals expect the USA and Brazil to be the two most favourable investment destinations in 2014, according to a new research report released today by DNV GL, the leading technical advisor to the sector. Ninety-two per cent of regional respondents are highly or somewhat confi
Australia: Shell Sells Wheatstone Stake to KUFPEC
Royal Dutch Shell plc (“Shell”) today announced it has agreed to sell its 8% equity interest in the Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum Wheatstone liquefied natural gas (LNG) project in Western Australia for a cash consideration of US$1,135 million to
DNO Farms Into Sfax Offshore Exploration Permit in Tunisia
DNO International ASA, the Norwegian oil and gas company, today announced the completion of the farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia, pursuant to the previously announced agreement with
NZOG Completes Seismic Survey. Matuku Reaches Total Depth.
New Zealand Oil & Gas has announced that total depth of 4846 metres was reached on Saturday, 18 January in the Matuku well in PEP 51906 offshore Taranaki. The next operation is pulling out of the hole prior to running wireline logs. Meanwhile the 400 square kilometre ‘Kaka’ 3D seismic survey in the
DNV GL: Skills Crisis Is a Major Concern for North Sea Operators in 2014
New DNV GL research reveals industry hampered by skills shortages and rising costs. The North Sea and Norway have become less attractive as investment destinations in 2014, according to oil and gas professionals surveyed in a new report released today by DNV GL, the leading technical advisor to the
CEPSA Finalizes Coastal Energy Takeover
Coastal Energy Company announces the successful completion of the previously announced merger with Condor Acquisition (Cayman) Limited, a newly-incorporated entity controlled by Compañía Española de Petróleos, S.A.U. (“CEPSA”) and in which Strategic Resources (Global) Limited is an investor. Pursuan
‘Transocean Legend’ Continues Grace-1 Drilling (Australia)
Karoon Gas Australia has announced that as at 0600 WDT on 20 January, Grace-1 well in the Browse basin offshore W. Australia, was drilling ahead at 4,844 metres in the 6-1/2″ hole section. The current hole section is expected to contain the primary Lower Plover formation target. Since the 3rd Januar
Statoil: Well Incident at Snorre. Workers Evacuated
Statoil has informed that on Saturday evening a situation arose in which drill fluid was lost as a new well was being drilled on Snorre A, in the Tampen area of the North Sea in Norway. While it was possible to quickly reduce the loss of drill fluid to the reservoir, adverse weather conditions creat
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