Fossil Energy
Lundin: Luno II Appraisal Drilling Unsuccessful
Lundin Petroleum has completed the drilling of appraisal well 16/5-5 in PL410, in the North Sea, offshore Norway. The well targeted a possible southern extension of the Luno II discovery. The main objective of well 16/5-5 was to prove the southernmost extension of the Luno II discovery in PL410 with
‘Munin Explorer’ Contract Extended Until Late 2019
SeaBird Exploration Plc has extended the bareboat charter for the Munin Explorer from 1 November 2014 to 31 October 2019. In connection with the bareboat extension, the charter rate is being reduced from USD 20,271 per day currently to USD 12,000 per day, starting 1 February 2014. The charter rate w
BP Returns Its Luderitz Basin Interest to Serica (Namibia)
Serica Energy plc has announced that, following a portfolio review, BP has decided not to exercise an option to increase its interest in Luderitz Basin licence 0047, offshore Namibia. The option, which expires at the end of 2013, required BP to drill a well on the licence before the end of 2015. A
Technip and COOEC JV Aims at Growing Deepwater Market in China
Technip and China Offshore Oil Engineering Co. Ltd (COOEC), the largest offshore engineering and construction company in China, have signed a joint-venture agreement. The five-year agreement, which builds on existing relationships, combines the know-how, technical resources, complementary assets as
Petrobras Files DoC for Carioca Field
BG Group today confirms that its partner, Petróleo Brasileiro S.A. (Petrobras) – the operator of block BM-S-9 in the pre-salt Santos Basin – has submitted a Declaration of Commerciality (DoC) to the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP), for the oil and gas accumulat
Moroccan Gov’t Approves Tarfaya Block Farm-Out Agreement
Tangiers Petroleum Limited has informed that the Ministries of Energy and Finance in Morocco have officially approved the assignment of a 50 per cent interest in the Tarfaya Offshore Block from Tangiers to Galp Energia (Galp). Tangiers will maintain a 25 per cent interest in the Tarfaya Offshore Blo
Apply to Support Lundin’s Edvard Grieg Development
Apply has secured three new contracts for Lundin Norway; Maintenance and Modifications Contract, Risk Based Maintenance Contract and Contract for Pre-Operational Work. The M&M Contract has an estimated annual value of approximately 100 million NOK and a duration of 8 years including contract options
Johan Sverdrup Partners to Decide on Development Concept in Early 2014
Statoil ASA and the partners in the Johan Sverdrup oil field in the North Sea continue their work to evaluate and optimise the field development concept. As announced in February 2013 a concept selection was scheduled to be agreed within the partnerships of PL501, PL265 and PL502 (the “partnership”)
DOF Wins $64.6 M Worth of New Vessel Contracts
DOF has been awarded a new 3 year contract from Fugro Subsea Services Ltd. for Skandi Olympia. The contract will start in March 2014. Fugro Subsea Services Ltd. has the right to extend the contract with 2 additional years in addition to the 3 year firm period. DOF has signed two one year contracts w
UTEC to Laser Scan Shearwater Platform
UTEC StarNet has announced that the company is currently performing laser surveys on the Shearwater platform in the North Sea. The survey work follows on from a recently-completed project on the Shell Gannet platform and involves use of cutting edge technology to digitally capture, in high detail, a
Ross Offshore, Det norske Sign Borgland Dolphin Agreement
Ross Offshore today announced a new contract award with Det norske oljeselskap. The new contract is in addition to the existing Frame Agreement between the companies. The new contract is specified towards the exploration well PL 553 Kvitvola within the NCS 5 Consortium on Borgland Dolphin. Ross Offs
Swiber Hires ‘Safe Astoria’ for Natuna Sea Ops
Prosafe has been awarded a contract by Swiber Offshore Construction Pte Ltd(Swiber) for the provision of the Safe Astoria semi-submersible accommodation vessel for operations located in Indonesia’s Natuna Sea offshore gas gathering facilities. On site operations are planned to start end-December 201
Total Increases Ownership in Valleys Offshore Block
Norwegian Energy Company (UK) Ltd, a fully owned subsidiary of Norwegian Energy Company ASA, has entered into an agreement to sell 35 percent of UK license P2032 (Valleys) to Total E&P UK. After this transaction, Noreco will keep a 15 per cent interest in the license. According to the agreement, Tot
UMC: PNG Seismic Acquisition Running Smoothly
UMC Energy has provided update on the progress of the 3000 line kilometre 2D seismic acquisition program, in Papua New Guinea, over the offshore Petroleum Prospecting Licences (PPL), PPL374 and PPL375, held 100% by Gini Energy Ltd (“Gini”). UMC Energy holds a 30% interest in Gini, with CNOOC Ltd h