Fossil Energy
Camac Secures Rig for Drilling Offshore Nigeria
Camac Energy said that it has signed a long-term drilling contract with Northern Offshore for the drillship Energy Searcher. The rig is expected to be delivered to the Oyo Field in OML 120 offshore Nigeria to commence drilling activities in the first half of 2014. The signed agreement covers an init
Rosneft’s Offshore Reserves on the Rise
Rosneft summed up the results of its offshore operations last year. The company received licenses for 17 new offshore blocks, namely Zapadno-Matveyevsky, Zapadno-Prinovozemelsky, Russky, Severo-Pomorsky-1, Yuzhno-Prinovozemelsky, Anisinsko-Novosibirsky, Severo-Karsky, Ust-Lensky, Ust-Oleneksky, Seve
EnerMech Names First COO
Mechanical engineering group EnerMech has appointed its first Chief Operations Officer (COO) as part of a management restructure which reflects the global nature of its business. Former Asia Pacific Regional Director, John Guy, takes up the newly created post, reporting directly to Chief Executive O
NAO Takes Delivery of Last of Six PSVs
Nordic American Tankers (NAT) said that Nordic American Offshore (NAO) took delivery of the last of the six recently built Platform Supply Vessels (PSVs) from the Ulstein Group of Norway. NAT has 26% of the share capital in NAO. A subsidiary of NAT is the manager of NAO. The PSV vessels play an inte
South Stream Transport Inks Pipe Storage Deal with Bulgarian Ports
South Stream Transport signed an option agreement for the storage and handling of pipe segments with the Port of Varna and the Port of Burgas. The South Stream Offshore Pipeline will consist of four parallel pipelines through the Black Sea, each made up of over 75,000 pipe segments. The pipes will b
Vard Gets Order for Dive Support Vessel
Vard of Norway announced that it has secured a contract with an international customer for the design and construction of one Diving Support and Construction vessel . The vessel is of VARD 306 design, developed by Vard Design in Ålesund, Norway. The highly advanced diving support vessel will have a
Ithaca Energy: Q1 Production to Be below Full Year Range
Ithaca Energy said its total pro-forma production in 2013 was approximately 13,000 boepd, 95% oil, this reflects inclusion of full year production from the assets acquired as part of the Valiant acquisition, which completed on 19 April 2013. Average production in the fourth quarter of 2013 was appro
New Communications Chief for Rosneft
Rosneft of Russia appointed Mikhail Vladimirovich Leontyev as the Press-Secretary – Director of the Information and Advertisement Department in the rank of Vice President on January 14. He will be supervising the external communications, advertising and exhibition activities division of the company.
Teekay Offshore to Raise USD 165 Million via Bond Issue
Teekay Offshore Partners said that it has issued NOK 1,000 million in senior unsecured bonds, maturing in January 2019, in the Norwegian bond market. The aggregate principal amount of the bonds is equivalent to approximately 165 million U.S. dollars (USD). The bond offering was significantly oversub
Aveon Nets FMC Contract Off Nigeria
Aveon Offshore Limited, a Nigerian oil & gas engineering and fabrication company, said it has secured a sub-contract from FMC Technologies Nigeria for the fabrication of subsea structures for the Egina field, offshore Nigeria. FMC Technologies was earlier awarded the Engineering Procurement Construc
Norway Expects Slight Increase in Oil, Gas Production in 2014
A record number of fields are in operation on the Norwegian shelf. Discoveries in 2013 offset roughly half of what was produced in the same year, the Norwegian Petroleum Directorate said in a statement on Tuesday. An unprecedented number of wildcat wells were drilled, and the number of exploration w
Petrolia to Buy 10 Pct in Lundin’s PL 546
Petrolia Norway AS, a 100% subsidiary of Petrolia SE, has entered into an agreement with Lundin Norway AS to purchase 10% in PL 546 in the Greater Alvheim Area. PL546 is located north and adjacent to PL501 Johan Sverdrup in the Norwegian Sector of the North Sea. The transaction is pending approval f
Wood Mackenzie Sees 2014 as Key Year for Norwegian Oil & Gas Sector
Wood Mackenzie’s annual review of Norway’s upstream oil and gas industry concludes that the sector showed no signs of slowing down in 2013, with high levels of development spend, asset deals, exploration activity, and a record NKr 176 billion (US$30 billion) capital investment. Wood Mackenzie also
Cochin Delivers ‘Sea Titus’ PSV
India’s Cochin Shipyard Limited (CSL) yesterday delivered a high end Platform Support Vessel, “Sea Titus”, to M/s. PSV Holding Inc., Liberia. This is the second of a series of four similar vessels being built for the same client. These vessels are of PSV 05L CD type, designed by Vard Group AS, Norwa