Fossil Energy
ABS’ New Houston Office to Support Offshore Energy Industry
ABS, the leading provider of classification services to the global offshore industry, is establishing an office in Houston’s Energy Corridor near the intersection of Interstate 10 and Highway 6. The new facility will co-locate members from ABS engineering, project management, technology and business
Brunei and Malaysia Enter Several Oil and Gas Deals
PETRONAS has announced a number of agreements that have been signed with the Brunei petroleum authorities towards deepening mutually beneficial cooperation in the oil and gas industry between the two parties. These agreements, inked on 8 December 2013 in conjunction with the 17th Annual Malaysia-B
RWE Dea Wraps Up Seismic Survey Offshore Suriname
Only five months after RWE Dea’s arrival in Suriname the German company is pleased to announce the successful completion of a 3D seismic acquisition program in the offshore Licence Block 52. Following the data acquisition, the data will now be processed with the results becoming available for interp
Second Tubarão Martelo Well Comes on Stream (Brazil)
OGX Petróleo e Gás Participações S.A. announces that, yesterday, it has begun the production of the second well – OGX-44HP- of the Tubarão Martelo field, located in the BM-C-39 and BM-C-40 blocks. To remind, production from the first well in the field started last week. In November 29, 2013 the Comp
Oceaneering Extends ‘Ocean Intervention III’ Charter
Island Offshore has announced that Oceaneering has decided to extend the charter period on Ocean Intervention III vessel for one year. There are options for further yearly extensions included in the contract. Ocean Intervention III is performing subsea IMR work in Angola, and has been in service for
Bibby to Install Two Quasar ROVs onboard ‘Olympic Ares’
Bibby Remote Intervention Limited (BRIL) has secured a multi-million pound contract with Olympic Shipping to install two 150 horse-power deep water Quasar ROVs onboard the construction support vessel (CSV), Olympic Ares. The two ROVs will be installed in the purpose built ROV hangers onboard the ves
Kvaerner Sells Onshore Business in N. America to Focus on Offshore Development
Norwegian engineering and construction company Kvaerner has sold its onshore construction business in North America to Matrix Service Company for an enterprise value of USD 80.3 million. The divestment enables Kvaerner to focus its efforts on further developing its upstream oil and gas business, the
Premier Oil Leaves Block L10A Offshore Kenya
Having conducted a further exploration review, Premier Oil has withdrawn from Block L10A, offshore Kenya. The company retains its 25 per cent equity in the adjacent Block L10B. Prospect maturation of this block is ongoing and a ‘drill or drop’ decision will be made by mid-2014. Simon Lockett, Chief
Saipem Names New Chief Financial and Compliance Officer
The Board of Saipem has approved the creation of the new senior management position of Chief Financial and Compliance Officer, bringing together oversight of the Finance, Legal & Compliance and ICT duties in order to strengthen the Company’s management structure and reiterate its current strategic f
Songa Offshore: High Operating Efficiency in November
Songa Offshore, an international offshore drilling company, has announced its rig fleet update for November 2013. Songa Venus achieved an operational efficiency of 97% and an earnings efficiency of 94% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an operational
La Bella 3D Seismic Survey 78% Complete (Australia)
Australian energy company WHL Energy Limited has informed that the La Bella 3D seismic survey, being acquired by CGG’s state-of-the-art seismic vessel Viking II, is 78% complete and on target to be completed around December 12th. To date 52 prime lines of a planned total of 60 lines have been full
Trapoil Divests Knockinnon and Lybster Interests (UK)
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) announces, further to the announcement of 9 September 2013, that all the outstanding conditions precedent to the disposal of its interests in Knockinnon, Lybster and certai
Petrobras Extends ‘Safe Concordia’ Contract
Prosafe has been awarded a contract extension by Petrobras for the provision of the Safe Concordia semi-submersible vessel for safety and maintenance support offshore Brazil. The firm period of the contract extension is three years and starts in June 2014, immediately following expiry of the existin
Blacksands Pacific Withdraws from OPL 2012 (Nigeria)
The Blacksands Pacific Group, Inc. has terminated all discussions, interests and agreement with Sigmund Oilfields Limited and Grasso Consortium consisting of Grasso Nigeria Limited, Oil and Gas Mission Limited and Eurafric Energy Limited for the development of the leased acreage OPL 2012. OPL 2012 i