Fossil Energy
SNC Accuses Assad of Exchanging Syria’s Oil for Weapons
The Syrian National Coalition, consisting of opposition groups in the Syrian civil war, has condemned the oil and gas exploration deal the Syrian government yesterday signed with the Russian oil company Soyuzneftegaz. In a press release issued yesterday, the Syrian Coalition said it “condemns the As
Qatar Petroleum Buys Stake in Total E&P Congo
French oil major Total has informed that Qatar Petroleum International is now a shareholder of Total E&P Congo, holding 15% of its capital. “The conclusion of this agreement, which is an important milestone, builds on Total’s already well-established partnership with Qatar and at the same time stren
Pakistan to Search for Oil and Gas Offshore Sri Lanka
Pakistan is looking into a possibility of exploring for oil and gas off the coast of Sri Lanka. The Sri Lankan Daily Mirror has been informed by Sardar Ayaz Sadiq, the Speaker of the National Assembly of Pakistan, that Pakistan is looking to bolster cooperation between the two countries, with a focu
EIA: Conventional Hydrocarbons Mostly Reside in Undisputed Parts of South China Sea
Several countries have overlapping territorial claims to portions of the South China Sea, which stretches from Singapore in the southwest to Taiwan in the northeast. The Spratly Islands and Paracel Islands are two of the most contested areas (see dark blue islands on map above). However, unlike ot
Rosneft Repays Part of Loan Used for TNK-BP Acquisition
Russia’s Rosneft has repaid a portion of a loan received earlier from a group of international banks to support the acquisition of TNK-BP. With the early repayment announced earlier, the overall amount paid towards the settlement of the principal debt totaled around USD 5.1 billion. Igor Sechin, Pre
Golden Energy Offshore Orders Two PSVs in China
China’s Rainbow Heavy Industries has received an order to build two Platform Supply Vessels for a client in Norway. Under the agreement, the shipyard will deliver two PSVs of Ulstein’s PX 121 design to Golden Energy Offshore, a Norwegian provider of offshore support vessels. Golden Energy Offshore w
Hibiscus Petroleum Suspends Drilling in Oman for Safety Reasons
Hibiscus Petroleum Berhad has announced that Masirah Oil Limited, a jointly-controlled entity of Lime Petroleum Plc (“Lime”), suspended (on 19 December 2013), for safety reasons, its 1st exploration well, Masirah North North #1 (“MNN #1”) in Block 50 Oman for further evaluation. The MNN #1 well was
Mott Macdonald to Oversee Hail Oilfield Development (UAE)
Mott MacDonald has been appointed project management consultant by the Abu Dhabi Oil Company Limited (ADOC) for the development of the Hail offshore oilfield in Abu Dhabi, UAE. Located approximately 10km south of Mubarraz Island, the expansion will increase current production and secure safe product
China’s ZMPC Delivers Pipelayer to Malaysian Client
China’s ZPMC has recently delivered a 3,000t shallow water pipe-laying ship to the Malaysian customer. With a total length of some 169 meters, a molded breadth of 46 meters, a molded depth of 13.5 meters, an operating water depth of 7 to 8 meters and a scantling depth of 9 meters, the ship is applic
Soyuzneftegaz to Search for Oil in Syrian Waters
Russian oil and gas company Soyuzneftegaz has signed an offshore exploration deal with the Syrian government. According to the Syrian news agency SANA, the Russians will search for oil in the Syrian territorial waters in the area between Banyas city and Tartous city. The block covers approximately 2
Drydocks, Foresight Discuss Potential Offshore Rigs Construction Deal
His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World, held discussions on co-operation with Mr. Ravi K. Mehrotra CBE, Executive Chairman of Foresight Limited and Executive Chairman and Co-Chairman – Europe India Chamber of Commerce, Belgium, and in the presence of Mr. Ali B
Research and Markets Announces ‘Global Offshore Drilling Market 2013-2018’ Report
Research and Markets has announced the addition of the “Global Offshore Drilling Market 2013-2018” report to their offering. The growing demand for energy, coupled with increasing investment in offshore exploration activities, will drive the global offshore drilling market to $121.1 billion by 2018,
Russia Drops First Criminal Charges Against Arctic 30 Activist
Russia has dropped the first criminal charges against Arctic 30 activist Anthony Perrett. As Greenpeace reports, Mr. Perrett has requested an exit visa from the Federal Migration Service to allow him to leave Russia. Anthony is one of the people who were seized when the Greenpeace ship Arctic Sunris
ANP Approves Transfer of Interest in Polvo Field to HRT
HRT Participações em Petróleo S.A. (the “Company” or “HRT”), together with its wholly-owned subsidiary, HRT Oil & Gas Ltda (“HRTO&G“), announce that it acknowledged the approval, through the Official Letter given on December 18th, 2013, of the request for the Assignment of Interests regarding a 60%