Fossil Energy
Oseberg Field Lifetime Extended to 2040
The lifetime of the Oseberg field in the Norwegian part of the North Sea has doubled thanks to the steady increase in recoverable resources. December marks the 25th anniversary of the Oseberg field centre. Current plans call for production up to around 2040. “The Oseberg licence has invested more
VIDEO: Atwood Takes Delivery of New Drillship
Atwood Oceanics, Inc. yesterday announced the delivery of the Atwood Advantage from the Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in South Korea. The Atwood Advantage has departed the DSME shipyard and started its drilling services contract with Noble Energy, Inc. Following
BAS Appoints New CEO
Bass Strait Oil Company Limited announces the appointment of Steven Noske as Chief Executive Officer of the Company with effect from 6th of January 2014. Noske has had 29 years of experience working in the energy industry, the last 20 years being in senior management roles. His most recent position
Hungarian MOL to Buy Wintershall’s UKCS Assets
Wintershall, a 100% BASF subsidiary, is optimizing its portfolio through divesting its share in selected assets on the UK Continental Shelf. Through the transaction, the Hungarian MOL Group will acquire 14 licenses in the North Sea, including non-operated equity stakes in the Broom field (29%) as we
Rig Maintenance Delays Muridava Drilling (Romania)
Sterling Resources Ltd. has announced the GSP Prometeu jack-up rig scheduled to drill an exploration well on the Muridava Block 27 has returned to its operations base in Constanta for completion of necessary maintenance work.
Petronas Awards Pan Malaysia Integrated Offshore Installation Contract
Petroliam Nasional Berhad (PETRONAS) has recently awarded the Pan Malaysia Integrated Offshore Installation Contract covering domestic upstream oil & gas offshore Transportation and Installation (T&I) activities for a period of three years commencing Year 2014. The contract, which was a competitive
Former Australian Energy Minister Joins BG Group
BG Group today announces changes to its board with the appointment of two Non-Executive Directors and also the succession of a new Senior Independent Director. With effect from 1 January 2014, Pam Daley and Martin Ferguson will join the board as Non-Executive Directors and Dr. John Hood will succeed
Petronas: New Oil & Gas Discoveries in Malaysia and Indonesia
Malaysian oil company PETRONAS has announced new hydrocarbon discoveries from its exploration activities in Malaysia and Indonesia. In Malaysia, gas has been discovered via the Sintok-1 well in the offshore Block SK320, about 240km northwest of Bintulu, Sarawak. Block operator Mubadala Petroleum dri
BW Offshore to Buy 30 Pct Stake in Polvo Field (Brazil)
BW Offshore has signed a Letter of Intent to acquire 30% of the Polvo oil field in Brazil. The definitive agreements are still subject to a due diligence process to be conducted by BW Offshore, and remains subject to regulatory, governmental and board approvals. Following the ongoing sale of BP’s st
Ceona to Deploy Normand Pacific in Gulf of Mexico
SURF and subsea construction contractor Ceona has entered into a one-year time charter commitment with Solstad Offshore ASA for the charter of the CSV Normand Pacific. The charter will start in early April 2014 and has an option for extension. Ceona will mobilise a new vertical lay tower, reel drive
Cortez Subsea to Carry Out Pipeline Inspection Offshore Ghana
Subsea services and technology products company Cortez Subsea has secured its first contract win in Ghana for pipeline inspection work worth $1m. Cortez Subsea will perform pipeline inspection and commissioning activities using a work class ROV for Microperi Marine Contractors. The award marks the f
Helicopter Carrying Six Oil Workers Ditches Offshore Bintulu, Malaysia
A Sikorsky-76 helicopter carrying eight persons this morning ditched off the coast of Sarawak, Malaysia, after a sudden weather change, Malaysian news agency Bernama has reported. According to the Malaysian oil company Petronas the aircraft ditched about 159 km off the shore of Bintulu at about 7.45
Rolls-Royce fo Help Boost O&G Processing at UAE Offshore Project
Rolls-Royce, the global power systems company, has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services to help boost oil and gas processing at the Satah Al- Razboot (SARB) offshore project in the United Arab
HitecVision Sells Stream AS to MRC Global
HitecVision announces the sale of Stream AS to MRC Global for a total consideration of $260 million (NOK 1.600 million) on a 100% enterprise value basis. HitecVision and Converto Capital acquired Stream in 2010 through the public to private transaction of Bjørge ASA. Subsequent to the delisting, a t