Fossil Energy
Shell, Mubadala Swap Equity Offshore Malaysia
Shell Malaysia and Mubadala Petroleum today signed a deal to swap stake in two exploration blocks offshore Malaysia. According to the agreement, Shell will obtain a 20 per cent interest in the Block SK320 while Mubadala Petroleum will take a 20 per cent interest in the deepwater Block SK2B. PETRONAS
Riser Incident Forces Lundin to Halt Operations on Bredford Dolphin Rig
Swedish oil and gas exploration company Lundin Petroleum has announced that an incident occurred yesterday morning at 01.45 on the Bredford Dolphin rig, offshore Norway. “There was a breach in the riser 65 metres under the deck of the rig. The safety distance to the reservoir is good which means the
INPEX Selects Singapore as Oil, Gas Trading Hub
INPEX has set up a wholly owned subsidiary INPEX Energy Trading Singapore Pte Ltd. In anticipation of further increased volumes of such entitlement by developing the Ichthys LNG Project, Prelude Project and other projects, INPEX has decided to set up a new office in Singapore, one of the hubs for en
BG to Drill Honduras’ First Offshore Well in More than 30 Years
BG Group, a UK based oil and gas exploration and production company, is awaiting an environmental approval from the authorities of Honduras to begin the search for hydrocarbons in the Central American country’s territorial waters. The consent is expected to be granted today, according to BG’s execut
L&T Hydrocarbon Secures Wellhead Platform Order (India)
L&T Hydrocarbon has recently secured new orders of ₹ 1000 crores (USD 160 million) from the domestic market in its offshore and onshore business sectors. The major order is an offshore contract from the BG Exploration and Production India (BGEPIL) valued around ₹ 700 crores. The contract, won agains
CHC Group Sets NYSE IPO Price at $10 a Share
CHC Group Ltd., the parent company of CHC Helicopter S.A., announced the pricing of its initial public offering of 31,000,000 of its ordinary shares, at a price to the public of $10 per share. The securities are scheduled to begin trading today, Friday, on the New York Stock Exchange under the symbo
Worldwide Audience to Gather at DecomWorld’s Event in Houston
Organizers say registrations for the biggest decommissioning and abandonment gathering in the world, taking place in Houston in March, have chalked up a record number of attendees from outside the United States, making it a truly global event. As well as the traditionally strong turnout from the Nor
Sete Brasil Secures $3.7 B Loan to Finance Construction of Nine Offshore Rigs
The Brazilian Development Bank (BNDES) has approved long-term financing in the amount of USD 3.7 billion (R$8.8 billion) to Sete Brasil. Sete Brasil will use the cash to finance the construction of nine offshore drilling rigs, seven of which will be drillships and two semi-submersibles. The rigs are
Sonde Resources No Longer Meets TSX Listing Requirements
Sonde Resources Corp. announced today that pursuant to an Expedited Review Process initiated by the TSX, its common shares will be delisted from the TSX at the close of market on February 18, 2014. The TSX concluded that Sonde no longer meets the continued listing requirements of the TSX as a result
Kvaerner Secures Work on the World’s Largest Spar Platform
Technip Norge AS has awarded Kvaerner a sub-contract for the Fjord Base and Support Services related to the upending and make ready for mating operations of the substructure for the Aasta Hansteen Spar platform. Kvaerner’s scope includes providing services and assistance to Technip during mooring,
Wood Group Mustang Names Senior VP for Offshore Division
Wood Group Mustang, delivering over 25 years of technical excellence in engineering, design and support services to the offshore industry, announces Christopher M. Barton as senior vice president, global offshore business development. He will lead and motivate the offshore division’s global business
Shell CEO Slams 2013 Performance
Royal Dutch Shell plc today updates on its expected 2013 results. Fourth quarter 2013 figures, which are expected to be published on January 30, 2014 , are expected to be significantly lower than recent levels of profitability, considering current oil and gas prices and the downstream oil products i
Marin Teknikk to Design Diving Vessel for Mermaid (Thailand)
Marin Teknikk AS has on the 9th of January 2014, signed a contract with China Merchants Industry Holdings Co. Ltd., for design & engineering delivery of a large Diving & Construction Vessel to Mermaid Offshore Services Company Ltd., in Bangkok, Thailand. The vessel will be of the MT6024 DSCV design
Chevron Hires GSF Arctic III for North Sea Drilling
Transocean has secured a $48 million drilling contract for its GSF Arctic III semi-submersible rig. The rig will be used by Chevron on a two-well contract in the U.K. sector of the North Sea at a dayrate of $410,000. The rig’s previous dayrate was $339,000. Furthermore, in its fleet status report is