Fossil Energy
Top News of The Week 9 – 15 December, 2013
The most popular stories of the week.
JX Nippon Hires Jack-Up Rig for Drilling in Qatar
Gulf Drilling International (“GDI”) has signed a contract with JX Nippon Oil & Gas Exploration Qatar to utilize GDI’s hi-spec premium jack-up rig “Al Khor” to drill an exploratory well in 2014. The contract was signed by Takuya Wada, General Manager of JX NIPPON and Ibrahim Jassim Al Othman, Chief
Keppel Delivers ‘Hercules Resilience’ Jack-Up Rig
Keppel FELS Limited (Keppel FELS) has delivered to Hercules Offshore, Inc. , their second harsh environment KFELS Super A Class jackup rig. The rig was named Hercules Resilience at a ceremony today after it was officially delivered on 30 November 2013, 45 days ahead of schedule, on budget and with a
Fugro Opens Lab in Mozambique
Fugro recently opened new office premises in Maputo and has established the only internationally accredited laboratory in Mozambique. “Continuing to meet the fast-growing demands of the country’s large-scale industries, Fugro is committed to servicing its oil and gas clients in the region as well as
GE Oil & Gas Buys Allen Gears
Expanding its presence in the industrial gears sector, GE Oil & Gas, a GE business has signed an agreement to acquire Allen Gearing Solutions (Allen Gears), a privately held designer, manufacturer and service provider of gears for industrial and marine applications. The move comes two years after GE
NPD: November Oil and Gas Production Up 8 Pct
The Norwegian Petroleum Directorate has announced that preliminary production figures for November 2013 indicate an average daily production of about 1 904 000 barrels of oil, NGL and condensate. This is 150 000 barrels per day (about 8 percent) more than in October 2013. Total gas sales were about
Barakah Offshore’s Branch Secures Work at Malaysian Offshore Fields
Malaysia’s Barakah Offshore Petroleum Berhad has today confirmed that its subsidiary PBJV has received letters of awards from oil and gas production sharing companies (“PSCs”) for the provision of transportation and installation of facilities for the year 2014 to 2016 under package A. The contract i
Russian Authorities Ban Arctic 30 from Returning Home
The Russian authorities have told the Arctic 30 that they cannot leave the country. Greenpeace has responded accusing Russia of “defying the ruling of an international court which ordered that they should be allowed to go home immediately.” Russia’s Investigative Committee has written to one of the
IKM Buys UK Facility for Its Pipeline and Process Operations
IKM Testing UK purchases new purpose built facility from Dandara for its pipeline and process operations.
Vietnam: CRD-3X Sidetrack Well Encounters Oil, Gas Pay
Pan Pacific Petroleum (Vietnam) Pty Ltd has been advised by the Operator of the Block 07/03 Production Sharing Contract that evaluation of the CRD-3X and sidetrack appraisal wells, offshore Vietnam, drilled by the “Ocean General” semi-submersible drilling rig has been completed, and the wells are be
JES Cuts Steel for Two Vega Offshore PSVs. Eyeing New Contracts
JES International Holdings Limited, a major private shipbuilding group based in China, has started the steel cutting for its first two Platform Support Vessels (“PSV”) at its shipyard located in Jingjiang City, China. The UT 755 LN Platform Support Vessel is of a sophisticated and well known design,
Helix Upgrades 2013 EBITDA Guidance to $300M
Helix Energy Solutions Group, Inc. announced that it is upgrading its 2013 EBITDA guidance to approximately $290 – $300 million. The current forecast of stronger than expected fourth quarter results for Robotics, along with the Skandi Constructor’s continued performance in well intervention mode, bo
ExxonMobil: All Forms of Energy Needed to Meet Increasing Demand
The world will require all forms of energy over the next quarter century to meet a greater than one-third increase in demand that will be driven by population growth, improved living standards and expanded urbanization, according to ExxonMobil’s Outlook for Energy: A View to 2040, which was released
MEO: Blackwood-2 Well Results Inconclusive. More Tests Needed
MEO Australia Limited advises that the wireline logging, pressure testing and coring program at Blackwood-2 well, offshore Australia has been completed. “The presence of gas and reservoir productivity could not be conclusively established during this wireline logging phase,” MEO said in a press rele