Fossil Energy
Peterson Den Helder Extends ‘Rem Mermaid’ Contract
Rem Offshore ASA has extended the contract for the PSV vessel “Rem Mermaid” with Peterson Den Helder BV for two years. The firm contract period is now until 1th of July 2016. In addition there are until 2 years options. The extension is made at market terms. [mappress] Press Release, January 02, 201
EPL Oil & Gas Buys Gulf of Mexico Field from Nexen
EPL Oil & Gas, Inc. today announced it has executed a purchase and sale agreement to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) from Nexen Petroleum Offshore U.S.A. Inc. for $70.4 million. The Eugene Island 258/259 field consists of five leases, namely 254,
New Hong Kong Subsidiary for SapuraKencana Drilling
The Board of Directors of SapuraKencana Petroleum Berhad (“SKPB”) announces that SapuraKencana Drilling (Bermuda) Ltd (“SKD”), a wholly-owned subsidiary of SKPB had on 27 December 2013 incorporated a wholly-owned subsidiary in Hong Kong known as SapuraKencana Drilling Holdings Limited (“SKD Holdings
Peter Voser Steps Down as Shell CEO
As previously announced, Peter Voser stepped down as Chief Executive Officer and as a director of Royal Dutch Shell plc with effect from 1 January, 2014, marking the end of 29 years with the company. He repatriated to his base country, Switzerland, and became an employee of Shell Switzerland, from 1
RH Petrogas: Oil Shows at Koi-2 Well in Indonesia
Singapore’s RH Petrogas Limited has provided an update on the drilling of the Koi-2 appraisal well (“Koi-2”) in the Salawati Kepala Burung PSC (“Island PSC”), Indonesia. Located in shallow water depth of 32 meters, the well successfully reached its total vertical depth of 1,428 meters on 30 December
Sea Dragon Energy Buys Stake in the Gulf of Suez Block
Sea Dragon Energy Inc. has acquired an equity interest in the South Ramadan Concession located offshore in the Gulf of Suez, Egypt. The 26.2 km2 concession, located in 27m of water, contains two proven productive horizons in the Eocene age Thebes and Senonian age Matulla carbonates. These horizons,
Petrobras Charters ‘Siem Atlas’ PSV
Siem Offshore and Brazil’s Petrobras have entered into a charter agreement for the Platform Supply Vessel (“PSV”) “Siem Atlas”. The charter period has commenced and is for a firm period of two years. Petrobras has an option to extend the charter for two additional years, upon terms to be mutually ag
Atlantic Petroleum, Rocksource Enter Farm-In Deal
P/F Atlantic Petroleum announces that the Group has entered into a farm-in option agreement with Rocksource ASA regarding the PL528 licence in the Norwegian Sea. Through the farm-in option agreement, Atlantic Petroleum shall purchase five percent (5%) and has an option to purchase up to fifteen perc
Buccaneer Energy Sells Alaska Assets
Buccaneer Energy Limited has executed binding agreements to sell certain assets and lower operating expenses. The details are as follows: Sale of Cosmopolitan Project The Company has executed a Sale and Purchase Agreement with BlueCrest Energy Inc. (“BlueCrest”) for the sale of its 25% interest in t
VAALCO’s BoD Director Resigns
VAALCO Energy, Inc. announced that one of its directors, Luigi P. Caflisch, has informed the Board of Directors that he has decided to resign for personal reasons, effective December 31, 2013. Caflisch has served on VAALCO’s board since 2005 and currently serves as a member of the Board’s Audit, Com
Statoil Makes Oil & Gas Discovery at Askja
Statoil Petroleum AS, operator of production licence 272, in the Norwegian part of the North Sea is in the process of completing the drilling of wildcat wells 30/11-9 S and 30/11-9 A (Askja prospect). The well was drilled about 13 kilometres southeast of the 30/11-8 S discovery and about 35 km south
Eni Plugs Ca Ngu-1 Well in Vietnam
KrisEnergy Ltd. an independent upstream oil and gas company, has informed that the Ca Ngu-1 exploration well in Block 120, offshore Vietnam, has reached a total depth of 1,290 metres measured depth (“MD”), or 1,267 metres total vertical depth subsea (“TVDSS”). The Ca Ngu-1 well began drilling on 10
Veripos Wins Positioning Contract for Two AHTS Vessels
Veripos has been awarded a three year contract by Marinsa de Mexico SA de CV of Cd Del Carmen, for provision of services onboard two anchor-handling tug supply (AHTS) vessels, Amethyst and Turquoise. Operating in the Bay of Campeche in Mexico, both vessels are being provided with VERIPOS Standard2 d
BW Offshore Buys VLCC. Eyeing FPSO Project for the Ship
BW Offshore has exercised an option to acquire the tanker Blue Opal for USD 83.4 million from Daewoo Shipbuilding & Marine Engineering (“DSME”). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has performed detailed engineering studies and inspections of the VLCC sin