Fossil Energy
WHL Completes La Bella Seismic Survey (Australia)
Australian energy company WHL Energy Limited has informed that the La Bella 3D seismic survey in the Bass Strait, Australia, has been completed and that the specialist seismic acquisition vessel CGG Viking II is demobilising from the survey area. The survey has been completed with no reportable inci
Saratoga Excited by Its New Gulf of Mexico Leases Potential
Saratoga Resources, Inc. has announced that it has received independent, third-party audited reserve estimates on two of its shallow Gulf of Mexico leases, awarded earlier this year. Saratoga contracted with DeGolyer and MacNaughton to provide independent, third-party reserve estimates on its recent
Rocksource Enters NCS Farm-In Agreements
Rocksource ASA has executed closing of the farm-in agreement with Fortis Petroleum Norway AS for a ten per cent interest in licences PL 509S & BS on the Norwegian Continental Shelf (NCS). Further, Rocksource has completed an agreement with E&P Holding AS in which the Company has acquired options to
Sen. Begich Calls Arctic Drilling Opponents ‘Misinformed’ and ‘Shortsighted’
U.S. Sen. Mark Begich yesterday pushed back on his Democratic colleagues in the Senate, calling their appeal to delay Arctic development shortsighted, misinformed and misguided. “I’m disappointed – although not surprised – to see several Senate Democrats request that the government delay oil and gas
Mitsubishi Buys Into JX Nippon’s Myanmar Gas Field
Mitsubishi Corporation (MC) has entered into a share purchase agreement with JX Nippon Oil & Gas Exploration Corporation (JX NOEX) for the acquisition of a 10% share of Nippon Oil Exploration (Myanmar) Limited (NOEM). JX NOEX is a 50% shareholder of NOEM, which in turn holds a 19.3% participating in
Shipdock Amsterdam to Refit ‘Polarcus Naila’
Ship repair and conversion yard Shipdock Amsterdam, part of Damen Shipyards Group, received a contract for the propulsion upgrade of the 3D Seismic Vessel ‘Polarcus Naila’. The ultra-modern vessel will arrive at Shipdock in February 2014 for its six-week conversion. In addition to the propulsion upg
MEO Australia: Heron Well Notice Deadline Extended
MEO Australia Limited has executed binding amendments to the NT/P68 Farm-in Agreement (FIA) dated 17th May 2011 to extend the second Heron well notice deadline to a date five months after completion of Blackwood-2, offshore W. Australia. This extension allows the results of Blackwood-2 to be incorpo
Alfa Laval to Supply Equipment for North Sea Platform
Alfa Laval, a Sweden-based specialist in heat transfer, centrifugal separation and fluid handling – has won an order to supply equipment to an offshore oil platform in the North Sea. The order, booked in Energy & Environment segment, has a value of approximately SEK 50 million (USD 7.6 million) and
Marin to Buy AGR Seabed Intervention
Marin, the ultra-deepwater excavation specialist and recovery firm, has confirmed it is to acquire AGR Seabed Intervention. The announcement comes after the duo formed a very successful strategic alliance earlier this year. The acquisition of AGR Seabed Intervention will advance Marin’s strategy of
Spectum, CGG Launch Joint Seismic Survey Offshore Brazil
Spectrum and CGG announced today that they are jointly launching a large, high-end BroadSeis(TM) 3D multi-client survey program offshore Brazil that will focus on a large proportion of open acreage in the very promising Foz do Amazonas Basin. The two companies are working as equal partners on this p
FID Made for Shah Deniz Stage 2
The Shah Deniz consortium today announced the final investment decision (FID) for the Stage 2 development of the Shah Deniz gas field in the Caspian Sea, offshore Azerbaijan. This decision triggers plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Ana
SBM Offshore, Daya Lock Horns Over Vessel Sale Deal
SBM Offshore today announced that the previously announced memorandum of agreement with Daya Vessels Limited for the proposed sale of the Diving Support and Construction Vessel ‘SBM Installer’ will not proceed as previously planned. According to SBM Offshore, DVL failed to secure financing for the t
‘Armada Perkasa’ FPSO to Stay with Afren for Two More Years
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad announced that Afren Energy Resources Limited has extended the contract for the bareboat charter and the operations & maintenance of the FPSO Armada Perkasa for another two years, with effect from 1 July 2014. The
KBR CEO to Retire in 2014
KBR, Inc. today announced that William P. “Bill” Utt will retire from his role as Chairman, President and Chief Executive Officer in 2014. The Board of Directors has formed a search committee to identify his successor. To ensure a smooth transition, Utt will continue to lead KBR in his current posit