Fossil Energy
Dana Petroleum CEO Resigns
Dr Marcus Richards has decided to step down as Group Chief Executive after three leading Dana Petroleum. Dr Richards joined the company following its takeover by the Korea National Oil Corporation in late 2010, transforming it from an investor-led business into a fully-fledged exploration and produc
Island Offshore Orders Offshore Support Vessel from Vard
Vard Holdings Limited has secured a new contract with Island Offshore for the construction of one advanced offshore support vessel. The value of the contract amounts to approximately NOK 400 million. The vessel is scheduled for delivery from Vard Brevik in Norway in 1Q 2015. The hull of the vessel w
EV Introduces Camera for Well Intervention Market
EV, a specialist in downhole video technology, has launched its Optis HD Electric line camera to the well intervention market, which can provide vital well diagnosis saving time and reducing risk. The new technology, which spent three years in development and which EV describes as “revolutionary”, a
Premier Oil: Production in Vietnam Resumes, Huntington Rates Up
Premier, an independent British UK oil company with gas and oil interests in the UK, Asia and Africa, yesterday released a brief update on the Company’s recent production activities. In Vietnam, repairs to the Chim Sáo gas export pipeline have been completed and gas export recommenced on 23 November
APPEA Names New Chairman and Vice-Chairman (Australia)
The Board of the Australian Petroleum Production & Exploration Association (APPEA) has announce the election of Rob Cole as Chairman and Warren Ford as Vice Chairman following APPEA’s Annual General Meeting on Thursday 28 November. Cole, Executive Director and Executive Vice President, Corporate and
Production from Galoc Phase II to Start Next Week (Philippines)
Nido Petroleum Limited has informed the Galoc Phase II operations offshore the Philippines are progressing well. Subsea installation activities to connect the Galoc 5-H and Galoc 6-H wells into the FPSO Rubicon Intrepid are nearing completion. The Operator, Galoc Production Company WLL, expects th
Lloyd’s Register Energy – Drilling Recognized with Queen’s Award
Aberdeen’s Lord Lieutenant George Adam, acting on behalf of Her Majesty the Queen, presented ModuSpec Engineering UK Limited, now Lloyd’s Register Energy – Drilling with the Queen’s Award for Enterprise in International Trade award to mark its sustained business expansion. Lloyd’s Register Energy –
Boa Offshore to Refinance Debt via Bond Loan
Boa Offshore AS is contemplating to issue a new unsecured bond loan in the Norwegian bond market with maturity in December 2018. The purpose of the loan is refinancing of existing debt and for general corporate purposes. In conjunction with the contemplated bond issuance, Boa Offshore AS will cons
Cape’s New Wheatstone Contract to Create 490 Local Jobs (Australia)
Cape plc has entered into an agreement with Bechtel for the provision of Painting, Insulation and Fireproofing Services on the Chevron-operated Wheatstone Project in Western Australia. The contract, valued at over AUD 275 million (£155 million), is expected to create 490 new Australian jobs, all loc
Rowan Renaissance Drillship to Arrive in Namibia in March 2014
Tower Resources plc has received formal notification Repsol, the Operator of Namibia PEL0010, in which tower has 30% interest, that the scheduled arrival of the Rowan Renaissance drillship in Walvis Bay, Namibia, will be delayed by approximately one month. The rig is now scheduled to arrive at the w
Galp Energia Eyeing Rig for Tarfaya Drilling (Morocco)
Tangiers Petroleum Limited has announced that the environmental approval process for the Tarfaya Block in Morocco is progressing and the public review will be concluded in the next few weeks. The company said that the survey vessel has mobilised to offshore Morocco and is preparing to start the site
INPEX Awards Ichthys IT Contract to AGSL
Asset Guardian Solutions Ltd (AGSL), which specialises in critical control software asset protection for the process and manufacturing industry, announced that it has been awarded another contract in Australia, this time by the INPEX Corporation (INPEX), a global oil and gas exploration and producti
UK: Independent Firms Receive Record Number of Oil & Gas Licences
UK independent oil and gas companies will be incentivised to invest and undertake additional exploration, as Government awarded a further 52 oil and gas licences today, bringing the total number of offers of awards in the 27th Round to 219 – an all-time record. The offers included licenses being awa
Dragon Oil Acquires Exploration Block in Egyptian Waters
Dragon Oil plc has been notified by Ganoub El Wadi Holding Petroleum Company (Ganope), one of the main entities of the Petroleum Ministry responsible for all exploration and production activities in the southern part of Egypt, that the Company’s offer for Block 19 in the Gulf of Suez, Egypt, has bee