Fossil Energy
Seadrill Names New Senior VP, CAO
The Board of Seadrill has today announced David Sneddon to succeed Robert Hingley-Wilson as Chief Accounting Officer and Senior Vice President of Seadrill Management Limited. Sneddon is joining Seadrill effective December 1, 2013 as Senior Vice President and Chief Accounting Officer. Prior to Seadri
RH Petrogas: Drilling Starts Offshore West Papua
Singapore’s RH Petrogas Limited, engaged mainly in the business of exploration, development and production of oil and gas resources, has commenced the drilling of the Koi-2 appraisal well on 29 November 2013 in the offshore area of the SalawatiKepala Burung PSC using the Bohai-8 jack-up rig. The Bas
Chinese Banks to Finance Vroon’s Newbuilds
Vroon, a Dutch-based owner of a large fleet of offshore-support vessels, has during a “Sino-Dutch dinner” held in Beijing on 15 November, signed an intention agreement with the ABN AMRO Bank and the Export-Import Bank of China (CEXIM), for the financing of some vessels currently under construction i
Johan Sverdrup Oil Destined for Mongstad
The Johan Sverdrup field partners have unanimously decided to recommend landing of oil from the field at Mongstad. The partners recommend Mongstad after studies of both Sture and Mongstad as alternative terminals for receiving the oil. The decision is founded on an overall assessment of health, safe
Icahn’s Men Enter Talisman Energy’s Board
Talisman Energy Inc. today announced that the company has entered into an agreement with Carl C. Icahn and his affiliates. As part of this agreement, Samuel Merksamer and Jonathan Christodoro will join the Company’s Board of Directors in December 2013. “I would like to welcome Samuel and Jonathan to
Woodside Selects Acceleware’s Seismic Modeling Software
Acceleware Ltd. last weeks announced that Woodside Petroleum Ltd., Australia’s largest independent oil and gas company has selected AxWave™, Acceleware’s high performance seismic modeling software, to simulate data acquisition in complex geological areas. “AxWave is an efficient, cost effective solu
Hess Confirms Divestment of Indonesian Assets
Hess Corporation today confirmed it has entered into two separate agreements with a joint venture between PT Pertamina and PTT Exploration and Production Company Limited to sell its interests in both the Pangkah and Natuna A assets located off the coast of Indonesia for a total after-tax considerati
Oil Firms Frustrated by Lack of Info on Potential Impact of Scottish Independence
A record number of contractors in the oil and gas sector (98 per cent) are looking to recruit in the next 12 months and confidence in the industry is high for 2014, according to a new report published last Thursday. However, the findings reveal that the industry’s growth is being constrained by skil
Veripos Receives 5-Year Contract from Arkstar
Veripos, leading suppliers of high-precision GNSS positioning for offshore applications, has been awarded a five-year contract for provision of services to specialist support vessels operated globally by Arkstar Ship Management of Singapore, a subsidiary of Hoe Leong Corporation. First ships to be p
Malagasy Navy Trained to Protect Offshore Oil & Gas Installations from Pirates
Drum Cussac Ltd, the leading global business risk consultancy, has delivered an anti-piracy training programme for the Malagasy Navy at the Naval Base in Diego Suarez, Madagascar. It is the first time that a private company has been permitted to partner with the Malagasy Navy. A team of Drum Cussa
IOG Offered Licence Near Blythe Field (UK)
Independent Oil and Gas plc (“IOG”), the North Sea focussed Oil and Gas Company has been offered a licence award in the UK 27th licensing round of blocks 48/23c and 48/24b with 100% working interest. The licence area lies approximately 10km to the east of the proposed Blythe development in which
Sterling Wins Operatorship Over UK North Sea Block
Sterling Resources Ltd. announces that it has been successful in the UK 27th Offshore Licencing Round awards (second tranche), which were recently announced by the UK Department of Energy and Climate Change (DECC). Sterling has been informed by DECC of the successful award of a licence covering Bloc
OMV Spuds Matuku Well (New Zealand)
Octanex N.L. has been advised by the Operator of the Matuku-1 exploration well, OMV New Zealand Limited (OMV), that the well was spudded at a location within the offshore Taranaki Basin permit PEP 51906 at 13:50 hours on Saturday, 30 November 2013. Spudding of the well was delayed due to the rig hav
Oil & Gas UK Encouraged by Interest Shown in 27th Offshore Licensing Round
Oil & Gas UK has released the following statement welcoming the Energy Minister’s announcement of 52 production licences awarded in the 27th offshore oil and gas licensing round. Oonagh Werngren, Oil & Gas UK’s operations director said: “Oil & Gas UK welcomes the Energy Minister’s announcement of