Fossil Energy
Ezion Gets Service Rig LoI
Singapore’s Ezion Holdings Limited has be given a letter of intent to provide a service rig to a Southeast Asian based national oil company. With a contract value of up to approximately USD 94 million, the rig is expected to stay with the client over a 5 year period. It will be used to support the c
Matuku Well Disappoints (New Zealand)
New Zealand Oil & Gas has today said it believes its share price has been affected by the previously released drilling report that the primary target zone in the Matuku well in PEP 51906 offshore Taranaki has not encountered significant oil or gas shows. The well is currently at a depth of 4307 metr
COSCO’s PSVs to Receive Wilhelmsen Safety Systems
Wilhelmsen Technical Solutions will deliver safety systems to platform supply vessels constructed at COSCO Guangdong Shipyard. The contract includes supply of fire fighting systems such as deck foam system and deep-fat cooker as well as a nitrogen inert gas solution and a high pressure washer to two
Video: China, India to Boost Otherwise Slowing Energy Demand Growth, BP Says
Global energy demand continues to grow but that growth is slowing and mainly driven by emerging economies – led by China and India – according to the BP Energy Outlook 2035, published yesterday. This is the fourth annual edition of the Outlook, and for the first time it sets out BP’s view of the mos
Norway: December Oil Production Misses Target
The Norwegian Petroleum Directorate has announced that preliminary production figures for December 2013 indicate an average daily production of about 1 916 000 barrels of oil, NGL and condensate. This is 12 000 barrels per day (about 0.7 percent) more than in November 2013. Total gas sales were ab
Beacon Holdings Orders Ice-Class Semi-Submersible Rig in China
Yantai CIMC Raffles Offshore Limited (CIMC Raffles), has secured an order from Beacon Holdings Group Ltd, to build one unit of harsh environment ice class semi-submersible drilling rig. The rig, to be named the Beacon Atlantic, is scheduled for delivery in the fourth quarter of 2016. In addition, th
MAN to Install HOFIM Compressor on Ivar Aasen
MAN Diesel & Turbo in Zurich was awarded a contract for a HOFIM™ compressor (High-Speed, Oil-Free, Integrated Motor). This is a significant business milestone: It is MAN’s first hermetically-sealed compressor being installed on an offshore production platform – Ivar Aasen in the North Sea, run by De
Petrobras’ Proven Pre-Salt Reserves Up 43 Pct in One Year
Petrobras announces that its proven pre-salt reserves are up 43% in 2013 compared to 2012. Since 2007, the Company has been adding increasing amounts to its proven reserves coming from the pre-salt layer, which extends from the south of the state of Espírito Santo to the state of Santa Catarina. Cur
CIMC Constructing Small Drillship for Norshore
China’s Yantai CIMC Raffles Offshore Limited (CIMC Raffles), a wholly-owned subsidiary of CIMC Group, has secured an order from a wholly-owned subsidiary of Norshore Holdings AS to build one Multi-Purpose Drillship. The drillship is scheduled to be delivered in the second half year of 2016 .In addit
Dragon Oil, Nido Petroleum Enter Farm-In Deal (Philippines)
Dragon Oil plc, an international oil and gas exploration, development and production company, announces that it has signed a farm-in agreement with Nido Petroleum Philippines Limited for Service Contract 63 (SC 63) NW Palawan Basin, offshore the Philippines. Under the terms of the agreement, the far
Premier Oil to Develop Sea Lion Field via Tension Leg Platform
Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, is has completed the concept selection process for the Sea Lion Development with partner Premier Oil (“Premier”). Premier as Operator of the field has recommended the Tension Leg Platform option as the most suitabl
SRP to Deliver Drilling Riser for Moho Nord (Congo)
Subsea Riser Products (SRP), an Acteon company, has won a multi-million pound contract with Total to supply a 3,500-psi drilling riser and deployment tooling for the Moho Nord project in The Republic of the Congo. This is the first time that Total, an oil and gas super-major, has awarded SRP a direc
J. Lauritzen Sells Three Shuttle Tankers to KNOT
J. Lauritzen (JL) has accepted an offer to sell its fleet of three shuttle tankers to Knutsen NYK Offshore Tankers, Norway (KNOT). The deal is subject to buyers’ inspection of the three vessels and to current charterers’ approval of the transfer of ownership of the vessels. It is the intention that
Gazprom, Lukoil Talk Caspian Gas Shipments
Gazprom’s Chairman of the Management Committee Alexey Miller and Vagit Alekperov, President of LUKOIL, met on Tuesday in Moscow where they discussed cooperation between the two companies as well as joint arrangements for gas shipments from LUKOIL fields in the Northern Caspian Sea. “The parties addr