Fossil Energy
Statoil Finds Oil in Barents Sea
Statoil ASA has together with its partners Eni Norge AS and Petoro AS made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, drilled by the rig West Hercules, has proven a 22 metre gas column and a 23 m oil […]
Enegi, ABT Enter Option Agreement with WoodGroup PSN
Enegi and ABTechnology Ltd. , the owners of ABT Oil and Gashave entered into an option agreement with Wood Group PSN, the international energy services company. The Option provides Wood Group PSN with an exclusive right for a period of 90 days to conclude an agreement to expand its participation in
Trinity Discovers Oil Offshore Trinidad & Tobago
Trinity, an independent E&P company focused on Trinidad and Tobago, has made an oil discovery at its TGAL-1 exploration well within the Galeota license (Trinity 65% operated interest). The Trinity operated TGAL-1 exploration well was spudded on 31st October 2013 to target an updip extension of the p
TGS Begins Seismic Survey Offshore Benin
TGS has started acquisition of a 3D multi-client seismic survey covering 2,022 km(2) offshore Benin. “The BR-13 survey will be TGS’ second 3D survey in Benin,” commented Stein Ove Isaksen, Senior Vice President Eastern Hemisphere for TGS. “The 3D data will build upon current subsurface knowledge and
Premier Oil, FOGL Complete Falklands Farm-Out Deal
FOGL, the oil and gas exploration company with its extensive licence areas offshore the Falkland Islands has announced that the farm-out with Premier and Rockhopper in connection with the Falkland Islands licences PL004a and PL004c has been completed. As announced on 3 October 2013, FOGL signed head
Camac to Hire ‘Energy Researcher’ Drillship
Northern Offshore, Ltd. today announced that the company has executed a letter of intent with CAMAC International Limited, an affiliate of CAMAC Energy Inc. , for the drillship Energy Searcher. The letter of intent, which is subject to customary conditions, provides for a subsidiary of Northern Offs
ConocoPhillips Sets $16.7B Capex for 2014
ConocoPhillips has announced a 2014 capital expenditures budget of $16.7 billion for continuing operations. Investments during 2014 will target the company’s diverse portfolio of global opportunities. Approximately 55 percent of the budget is allocated toward North America and 45 percent toward Euro
Top News of The Week, December 2 – 7, 2013
Top News of The Week, December 2 – 7, 2013
Indonesia: Hess Completes Sale of Natuna A Field
Hess Corporation on Friday completed the previously announced sale of its Natuna A asset, located off the coast of Indonesia, to PT Pertamina and PTT Exploration and Production Company Limited for a total after-tax consideration of $650 million. The Natuna Sea A Project is a gas field located in the
Johan Sverdrup Will Be Powered From Land, Statoil Reassures
After some media today raised uncertainty raised as to whether the Johan Sverdrup field in the North Sea will receive electricity from land, Statoil reassured the public that it will stick to the plan. “We are not considering any other solutions for the Johan Sverdrup field than land-based power sup
VAALCO Eyeing Semi-Submersible Rig Deal for Drilling Campaign in Angola
VAALCO Energy, Inc. has received written confirmation from The Ministry of Petroleum of Angola that the available 40% working interest in Block 5, offshore Angola, has been assigned to Sonangol E.P., the National Concessionaire. The Ministry of Petroleum also confirmed that Sonangol E.P. will assign
New Zealand Awards 10 New Blocks to Oil Companies
New Zealand’s Energy and Resources Minister Simon Bridges on Wednesday announced the award of ten new oil and gas exploration permits as a result of Block Offer 2013. The permits include five onshore permits across Taranaki and the East Coast and five offshore permits across the Reinga-Northland, Ta
Damen Hands Over Another PSV to WWS
Damen Shipyards Group has delivered the fifth Platform Supply Vessel in a series of six to World Wide Supply of Norway. World Opal is a Damen PSV 3300 CD. The first ship, World Diamond, was delivered in July and the last in the series ‘World Sapphire’ is due to be delivered mid-December. Delivery of
Pacific Radiance, PT Logindo JV to Raise $30M via IPO
The Indonesian joint venture (JV) of Pacific Radiance Ltd. and PT Logindo Samudramakmur Tbk (PT Logindo), plans to raise up to Rp357 billion ($30.6 million) , with the offer of 127,380,000 new ordinary shares in its initial public offering (IPO) on Indonesia Stock Exchange. Each new share is priced