Fossil Energy
Mubadala, Tap Make Oil Discovery Offshore Thailand
Tap Oil Limited has announced an oil discovery at Malida-1 well, in the Gulf of Thailand. Following the completion of wireline logging operations, 9.5 metres of net oil pay has been interpreted in reservoir quality sandstone within the primary target between 2,396 to 2,412 metres measured depth for
Saratoga Resources EVP, CFO Resigns
Saratoga Resources, Inc. today announced that Michael Aldridge has submitted his resignation as Executive Vice President and Chief Financial Officer. The effective date of Aldridge’s resignation is December 16, 2013. Thomas Cooke, Chairman and Chief Executive Officer, stated, “Mike notified us that
PTTEP, Pertamina Buy Hess’ Indonesian Assets for $1.3B
Thai oil and gas company PTTEP has informed it has signed Share Purchase Agreements with respect to the acquisition of Hess Corporation’s interests in Indonesian oil & gas producing assets. On November 30, 2013, PTTEP Netherlands Holding Coöperatie U.A. (a subsidiary of PTTEP), and Pertamina Hulu
N-Sea Launches TUP Diving System (The Netherlands)
On Thursday November 28th N-Sea celebrated the official launch of the TUP Diving System® at the TUP Aware Party at N-Sea Head Quarters in Zierikzee, The Netherlands. According to an N-Sea press release TUP Diving System® is the world’s first air diving system which can be equipped with a hyperbaric
Eni Extends Abo FPSO Contract in Nigeria
BW Offshore has signed an extension contract for FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., of six months until the end of Q2 2014. The extension has been agreed to secure operational continuity while joint work to detail longer term programs for investment and producti
VNG Gets Nod for Norwegian Sea Wildcat Well
The Norwegian Petroleum Directorate has issued VNG Norge AS a drilling permit for well 6406/12-3 S in the Norwegian Sea. Wellbore 6406/12-3 S will be drilled from the Transocean Arctic drilling rig in position 64°01’52.37’’ north and 06°45’17.53’’ east after it completes drilling wildcat well 35/9-1
Cobalt: Lontra Pre-Salt Discovery Beats Expectations (Angola)
Cobalt International Energy, Inc. has confirmed that it has successfully tested its previously announced Lontra #1 Pre-salt discovery well in Block 20, offshore Angola. During the recently completed drill stem test, the Lontra well produced at a stabilized flow rate of 2,500 barrels per day of conde
Top News of The Week November 25 – 30, 2013
Top news of the week
Heerema Opens Fabrication Yard in Poland
Facility plays a key role in the fabrication of small constructions and securing qualified workmanship for HFG
EMGS Extends ‘Boa Thalassa’ Charter
BOA Thalassa vessel will remain with the Norwegian electro magnetic survey specialist EMGS for two more years. EMGS ASA has today declared the second of the originally 3 x 12 months options as per Charter Party dated 13.10.2006. The seabed logging vessel, owned by Boa Offshore, is therefore on a f
VIDEO: Lukoil Completes Installation of V. Filanovsky Platforms’ Substructures
Lukoil, a privately held oil giant from Russia, has completed installation of the mounting substructures for the four offshore platforms at the Vladimir Filanovsky oil field in the Caspian Sea. In 2014 the company will build on them the topside facilities of the producing platform, the living quarte
Goldman Sachs, Funds Pay $2B for Stake in Dong Energy
In continuation of DONG Energy A/S’ company announcement of 2 October 2013, the Danish State represented by the Ministry of Finance, DONG Energy A/S, the Danish pension fund Arbejdsmarkedets Tillægspension (ATP), funds managed by the Merchant Banking Division of Goldman Sachs through New Energy Inve
Unithai Shipyard Completes Upgrades on ‘Compact Driller’ Jack-Up Rig
Unithai Shipyard has completed upgrading and repairs on the Shelf Drilling jack-up rig, Compact Driller, which is used for oil field exploration and development in the Gulf of Thailand. The 292-foot-long, 200-foot-wide, 410-foot-high driller jack-up was built in Vicksburg, Mississippi, in 1992 and h
Aibel Wins Ivar Aasen Platform Hook-Up Job
Aibel has been awarded the contract for the hook-up of the Ivar Aasen platform in the North Sea. In addition, Det norske, as operator for the Ivar Aasen development, intends to award Aibel the contract for maintenance and modification tasks and operational support for Ivar Aasen. The combined value