Fossil Energy
Wartsila, Rolls-Royce No Longer in Takeover Talks
Wärtsilä and Rolls-Royce have announced today that the companies are no longer in discussions under which Rolls-Royce would take over the marine business of the Finland’s engine manufacturer. In a press release issued this morning Wärtsilä‘s Board of Directors said: “Wärtsilä Corporation notes the r
Baker Hughes: International Offshore Rig Count Falls by 7
Baker Hughes Incorporated announced today that the international rig count for December 2013 was 1,335, up 24 from the 1,311 counted in November 2013, and up 82 from the 1,253 counted in December 2012. The international offshore rig count for December 2013 was 306, down 10 from the 316 counted in
Wessex Drops Bournemouth Bay Licence (UK)
Wessex Exploration PLC has relinquished interest in a licence located in Bournemouth Bay, South of England. Further to the Company’s AGM statement last month, after detailed discussion with the Department of Energy & Climate Change, the Partners decided to relinquish Promote Licence P1928 (Bournemou
MOG Gets PSC Extension for Malta Area 4
The Board of Mediterranean Oil & Gas Plc announces that agreement has been reached with the Government of Malta for a six month extension to the Production Sharing Contract (“PSC”) covering Area 4 Blocks 4, 5, 6 & 7 (“Area 4”). This extension will enable the Contractors to the PSC to have sufficient
Dragon Oil Provides Update on Drilling Ops Offshore Turkmenistan
Dragon Oil plc, an international oil and gas exploration, development and production company, today publishes an update on the wells completed in the Cheleken Contract Area in Turkmenistan in the fourth quarter of 2013 and production numbers for 2013 and December 2013. Since the previous quarterly d
TGS to Carry Out Four Multi-Client Surveys. Hires ‘Polarcus Naila’
TGS announces four new multi-client surveys; a 3D survey in offshore Northwest Australia, two 2D surveys offshore Madagascar and a 3D survey onshore Alberta, Canada. The Huzzas is a 2,100 km(2) 3D survey that will cover the Barrow Sub-basin, offshore Northwest Australia. The data is being acquired b
Camac, Bumi Armada Sign LOI for ‘Armada Perdana’ FPSO
CAMAC Energy Inc. has signed a letter of intent for a long-term agreement for the floating, production, storage, and offloading system (“FPSO”) ARMADA PERDANA. The signed LOI provides for an initial term of five years beginning January 1, 2014, with an automatic extension for an additional term of t
Prospector Offshore Lets Two Rig Construction Options Expire. Extends One
Prospector Offshore Drilling S.A. announces today that the Company has reached an agreement with Shanghai Waigaoqiao Shipbuilding Co., Ltd. (“SWS”) to extend the expiration date of its rig construction option agreement with SWS. This option agreement, which was entered into on 2 July 2011 and was pr
Snohvit Gas Flows Again
Production from the Hammerfest LNG plant has been resumed after a gas leak Sunday night. “We started run-up of the Hammerfest LNG plant Tuesday night, and the plant has now reached stable operation. All necessary repairs on the plant have been completed to ensure a safe and efficient start-up,” says
HSOG to Refurbish Rowan Gorilla III Rig
International oil and gas services specialist HS Ocean Group (HSOG) has been awarded a multi-million dollar refurbishment and upgrade of a high-specification jack-up drilling rig at its facility at Labidco Port, La Brea in Trinidad. HSOG’s La Brea facility in Trinidad is ideally placed to capture
‘Hakuryu-11’ Jack-Up Rig Waiting for Clear Sky in Vietnam
Nido Petroleum Limited has been advised by Operator Lundin Petroleum that the Hakuryu-11 jack-up rig is currently in Vietnam awaiting an appropriate weather window for mobilisation to Indonesia. Nido will provide a further update to the market on the start of mobilisation of the drilling rig for the
PA Resources to Submit Diega Development Plan in 2014
The long term drill stem test on the Diega accumulation in Block I, Equatorial Guinea (PA Resources 5.7%) is now complete and the Atwood Hunter rig has been released. An initial pilot well, I-8, encountered 12 m vertical thickness of good quality oil pay with no water and so established the deepest
Lundin Sets 2014 Capex at USD 2.1 Bln
Lundin Petroleum AB (Lundin Petroleum) announces its 2014 development, appraisal and exploration budget which totals USD 2.1 billion. The 2014 expenditure on development projects is budgeted at USD 1.4 billion which represents a 25 percent increase on forecast 2013 development expenditure. The 2014
Aban Offshore Secures Job for ‘Deep Driller 5’
Aban Offshore has received a contract for its jack-up rig Deep Driller 5. The rig, of Keppel FELS Super B design, will be deployed offshore Vietnam where it will be used by an undisclosed client. The client has contracted the rig on a firm period of 1 year and an optional period of 1 year. The [&hel