Fossil Energy
Statoil to Pay Oseberg C Penalty
Norway’s Statoil has decided to accept the NOK 10 million (USD 1.6 million) fine imposed on the company for sending 180 cubic metres of wash water with chemicals and scale stored on board the Oseberg C platform with the oil flow to Sture by mistake in May 2011. Wash water is defined as hazardous was
Eni Fires Up Supercomputer
Italian oil giant Eni has fired up its new Petaflop class supercomputer. The supercomputer will support hydrocarbon exploration activities, providing the computing capacity needed to improve the accuracy and resolution of the geophysical and geological studies, which are essential to locate and deve
GAC Expands in Louisiana Due to Increased Offshore Activity
GAC has strengthened its ship agency services in the US with the opening of a new office in Galliano, Louisiana, in response to the increase of offshore oil & gas activity in the region. The new GAC Shipping USA office near Port Fourchon, Morgan City and Amelia enables the leading provider of shippi
Prosafe’s Jasminia Rig Awarded New Contract in Mexico
Prosafe has been awarded a contract extension for its Jasminia accommodation rig in Mexico. Mexico’s Cotemar group has confirmed that Jasminia has been awarded a contract from end November this year until end December 2015. The contract value is approximately USD 32.7 million. The Jasminia was bui
BP Extends Discoverer Enterprise Drillship Contract
Transocean has secured a contract extension for its Discoverer Enterprise drillship in the U.S. Gulf of Mexico. The nine-month contract extension has been awarded by BP. The extension begins in January next year, with the expiration date set for October 2013. The new dayrate for the drilling unit ha
Rialto Energy Appoints CFO
Rialto Energy announces that Andrew Rose, currently Interim Chief Financial Officer, has been appointed Chief Financial Officer of Rialto Energy. Andrew’s appointment will be effective 1 December 2013, and is subject to passing of the resolutions concerning adoption of the new Performance Rights Sha
CEPSA Launches $2.2 B Coastal Energy Takeover Bid
Coastal Energy Company announced today that it has entered into a definitive merger agreement providing for the acquisition by Compañia Española de Petroleos, S.A.U. (“CEPSA”) of all of the issued and outstanding shares of Coastal at a price of C$19.00 per common share in cash. The purchase price re
DeepOcean UK Names New Operations Director
DeepOcean UK, a subsidiary of DeepOcean Group Holding BV, announced the appointment of Simon James, as Operations Director. Simon joins DeepOcean from GSP Offshore, where he was also Director of Operations. With over 20 years’ experience in the Oil & Gas sector, James brings a wealth of operational,
Lundin Completes Torvastad Drilling
Lundin Petroleum AB has completed exploration well 16/2-20S, located north of the Johan Sverdrup discovery in PL501, in the North Sea sector of the Norwegian Continental Shelf. A sidetrack well will now be drilled. Well 16/2-20S explored the Torvastad prospect located in PL501 immediately north of t
Afren: Ogo Prospect Beats Pre-Drill Expectations (Nigeria)
Afren plc and Partners Optimum Petroleum Development Ltd and Lekoil Limited announce the suspension of current drilling operations at the Ogo prospect located on the OPL 310 licence offshore Nigeria and an update on estimated gross mean recoverable resources, significantly ahead of pre-drill expecta
PSA Norway Finds ‘Serious Breaches of Regulations’ on Rowan Gorilla VI Rig
The PSA Norway has issued a notification of order to Rowan Drilling Norway AS (Rowan Drilling) following an audit of the Rowan Gorilla VI mobile drilling facility. The audit identified serious breaches of the regulations. Between 24 September 2013 and 17 October 2013, the PSA carried out an audit of
Eastern Launches HOS Renaisance OSV
Eastern Shipbuilding Group, Inc. has delivered Offshore Support Vessel ‘HOS Renaisance’ to Hornbeck Offshore Services. The vessel was delivered to its owner on November 15. The HOS RENAISSANCE HOSMAX 300 is a 292’ diesel electric powered, Z-Drive and DP2 vessel. The vessel is the third of four vesse
PWA Buys ProSep for $9.2 Million
Produced Water Absorbents, Inc. and its subsidiaries (PWA) have completed a $9.2 million acquisition of the operating assets of oil and gas technology company ProSep Inc. and are launching a combined portfolio of patented solutions to treat oil, natural gas and produced water. The company will now o
GoMRI to Award $105 Mln to Oil Spill Research Groups
The Gulf of Mexico Research Initiative (GoMRI) announced that it plans to award up to $105 million to support research consortia investigating the effect, and the potential associated impact, of hydrocarbon releases on the environment and public health, as well as to develop improved spill mitigatio