Fossil Energy
PTTEP Withdraws from Great South Basin (New Zealand)
As operator, Shell New Zealand has today confirmed that PTTEP New Zealand Ltd has withdrawn its 18% share from the Great South Basin venture (PEP 50119). PTTEP has made the decision based on its current investment strategy. The remaining joint venture parties Shell New Zealand, OMV New Zealand Ltd
Cameron BoD Approves Share Repurchase Authorization Increase
Cameron announced that its Board of Directors has approved an increase in the Company’s share repurchase authorization by an additional $750 million. Cameron also intends to add debt to its capital structure in the near term, while continuing to maintain a strong investment-grade profile and a balan
Adriatic Marine Orders Six OSVs
Raceland, LA-based Adriatic Marine LLC has entered into a contract with Master Boat Builders, Inc., of Mobile, Alabama, for the construction of six 220’-class DP-2 Offshore Supply Vessels (OSVs). Construction is scheduled to begin in January 2014. Delivery of the first vessel is scheduled for the
Salamander Completes Facilities Installation on Bualuang Bravo Platform
Salamander Energy provides an update on drilling, development and production operations at the Bualuang oil field in the B8/38 concession, offshore Gulf of Thailand. Salamander has a 100% interest in, and is operator of, the Bualuang field. Facilities Installation The installation of the oil process
Atlantic Petroleum Successfully Completes Oslo Børs IPO
P/F Atlantic Petroleum has announced the successful completion of the bookbuilding period for the initial public offering of shares (the “Offering”) of the Company. The shares are priced at NOK 140 per share. The price is within the non-binding indicative price range of NOK 140 – 160 as announced in
Salamander Energy Enters Malaysian Market via PM322 PSC
Salamander has signed a Production Sharing Contract (“PSC”) for Block PM322, located in the Melaka Straits on the Malay side of the Central Sumatra Basin, offshore West Coast Peninsular Malaysia. Block PM322 is the Group’s first licence in Malaysia. Salamander will operate the PSC with an 85% workin
Light Structures Awarded Ichthys Monitoring Solution Contract
Light Structures, the global technology leader for fiber optic monitoring and analysis systems, has won the contract to provide the critically important Load & Fatigue Monitoring Solution for the USD $2.7billion Ichthys LNG Central Processing Facility (CPF), currently under construction by Samsung H
Colombo Yard: Strategic Repair Hub for DSVs
Diving Support Vessel Samudra Sevak owned by ONGC in for major lay-up repairs. The Oil and Natural Gas Corporation India owned specialised Diving Support vessel calls Colombo for major Layup repairs during late October 2013, while Siem Offshore, Norway owned Siem Sasha was handled successfully durin
CNPC, Schlumberger Discuss O&G Development
On December 9, CNPC Vice President Wang Dongjin met with visiting SLB CEO Paal Kibsgaard in Beijing. They had a discussion on reinforcing bilateral strategic cooperation in oil and gas exploration and development, oilfield services, and exchange of technical and managerial staff. After the meeting,
AGR’s Team Attends Leading Technical Conference (UK)
The expertise of AGR’s highly skilled reservoir evaluations team will be showcased at a leading symposium this week. Tim Wynn, Lead Geologist, and Liz Chellingsworth, Principal Geophysicist, both based in AGR’s Aberdeen office, have been selected to address a prominent technical conference titled “C
Hydra Rig Expands Operation (UK)
Specialist oil well & process service equipment manufacturer Hydra Rig has expanded its operation in the Great Yarmouth and Lowestoft (New Anglia) Enterprise Zone, part of the East of England Energy Zone (EEEZ), thereby making massive financial savings and avoiding the upheaval of relocation to Norw
Hyperdynamics Names New VP and CFO (USA)
Hyperdynamics Corp. announced today that it has appointed David Wesson as its new Vice President and Chief Financial Officer. Wesson, who currently serves as the Company’s Controller, will assume this new role effective January 1. He succeeds Paul Reinbolt, who will step down from the CFO position a
Suncor Energy Appoints Interim CFO
Suncor Energy announced that Steve Reynish will assume the role of interim chief financial officer effective immediately. “I’m pleased that Steve will assume the role of interim CFO bringing his extensive business knowledge and strategic insight to the role while the search for a new CFO is underway
Technip Installs Sonardyne’s GyroUSBL on G1200 Vessel
A new acoustic positioning technique to improve the quality and accuracy of pipeline touchdown monitoring has been successfully utilised by leading project management, engineering and construction company Technip. The company has installed a Sonardyne GyroUSBL transceiver on the stinger of its rigid