Fossil Energy
SapuraKencana Adds Three Subsidiaries in Labuan (Malaysia)
The Board of Directors of SapuraKencana Petroleum Berhad (“SKPB”) announced that the Company had on 27 December 2013 incorporated three wholly-owned subsidiaries in Labuan, Federal Territory, Malaysia, known as SapuraKencana 1200 Pte Ltd (“SK1200”), SapuraKencana 3500 Pte Ltd (“SK3500”) and SapuraKe
Petrobras Starts P-55 Platform Operations at Roncador Field
Brazilian oil company Petrobras has announced that the P-55 production platform came into operation Tuesday, at the Roncador field in the Campos Basin, offshore Brazil. With the capacity to produce 180,000 barrels of oil and treat 4 million cubic meters of gas per day, the facility is one of the big
Ophir: No Oil at Mlinzi Mbali-1 Well (Tanzania)
Ophir Energy plc announces that drilling operations have now concluded on the Mlinzi Mbali-1 well in Block 7 , Tanzania. Ophir has an 80% net interest.The well was located c.210km east of Dar es Salaam and was drilled by the Deepsea Metro I drillship. Mlinzi Mbali-1 is the first well on Block 7 and
MIMI Cancels Browse LNG SPA, Woodside Says
In connection with Woodside’s sale of equity in the Browse LNG Development to Japan Australia LNG (MIMI Browse) Pty Ltd (MIMI) and advised to the ASX on 1 May 2012: • Woodside and MIMI entered into an agreement (JMA) to jointly market co-mingled LNG to the Asian market, primarily to Japanese custome
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Most Read News of the Year 2013
Most Read News of the Year 2013
Petrobras Confirms Sale of BC-10 Stake to ONGC, Shell
This Monday, December 30th, 2013, Petrobras finalized the sale of its 35% stake in the Parque das Conchas (BC-10) offshore project for US$ 1.636 billion. In August 2013, Petrobras signed an agreement to sell its 35% stake in the block, subject to government approval and the preemptive rights of its
Hilong Orders Pipe-Lay Barge from ZMPC
Hilong Marine Engineering will acquire a subsea pipe-lay barge from Zhenhua ZHPL3 Limited at a purchase price of US$163.6 million. Zhenhua ZHPL3 Limited is a subsidiary of Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC) The aforesaid vessel is a pipe-lay barge with pipe-lay capacity of 8-300 meters
Stone Energy Provides Update on Its Gulf of Mexico Drilling Activities
Stone Energy Corporation has provided an update on its three deep water/deep gas wells being drilled. Drilling operations at the deep water San Marcos prospect, located on Mississippi Canyon 983, have been completed, and the rig is in the process of being released. The well was drilled to approximat
NZOG Wraps Up Seismic Survey Offshore New Zealand
New Zealand Oil & Gas has completed a 3D seismic survey covering approximately 650 square kilometres of the Clipper permit East of Oamaru, New Zealand. The seismic vessel Polarcus Alima began the survey on 17 December towing twelve seismic streamers, each 100 metres apart and reaching eight kilometr
Petrobras November Production at 2,342,000 boed (Brazil)
Petrobras announces that in November, Petrobras’ total oil and natural gas output in Brazil was 2,342,000 barrels of oil equivalent per day (boed), up 1.2% from the 2,315,000 boed extracted a month earlier. Including the share operated by Petrobras for its partners, the rise in relation to October w
EMGS Enters Multi-Client Sales Deal for Barents Sea Data
Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement worth around USD 1.2 million for the provision of 3D EM data from EMGS’s multi- client data library in the Barents Sea, offshore Norway. In addition, the agreement contains an uplift model whereby EMGS will receive an undis
PPL Shipyard to Build Jack-Up Rig for Perisai
Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a third Pacific Class 400 jack-up rig worth US$211.5 million from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the third quarter of 2016, this third jack-up rig w
Shell Increases Its Interest in Parque das Conchas Project (Brazil)
Shell has completed the acquisition of an additional 23% interest in the Parque das Conchas (BC-10) project offshore Brazil for US $1 billion. Regulatory approvals have been obtained and Shell will now hold a 73% operating interest. The purchase is effective January 1, 2013. Partner ONGC, previous