Fossil Energy
Gazprom: South Stream Project Steadily Moves Forward
The Gazprom Management Committee took note of the information concerning the progress with the South Stream gas pipeline construction. It was pointed out that the project was advancing steadily. Intensive efforts are being made in all of the countries to be crossed by the gas pipeline. For instance,
OGN Recevies FPSO Contract from EnQuest (UK)
OGN Group, the North East-England offshore engineering, procurement and construction (EPC) specialist, has secured a multi-million pound contract with independent UK oil and gas development and production company EnQuest, which will lead to the creation of 600 new project jobs at its Tyneside facili
DECC Approves EnQuest’s £4 Billion Kraken Development (UK)
EnQuest PLC has given its go-ahead for a £4 billion investment in the c.140 million barrel oil field Kraken development. According to EnQuest, the investment is set to generate billions of revenue for taxpayers and to support an estimated 20,000 jobs during the project’s construction period and an a
Gas Leaks at Total’s Tunu Field (Indonesia)
Inpex today announced that a gas leak occurred on development well on Tunu field lying in offshore Mahakam Block located in East Kalimantan, Indonesia.
Sea Trucks Clinches Offshore Job at Russian Far East
Sea Trucks Group has received a contract from Daewoo Shipbuilding and Marine Engineering, a leading global offshore services company, for the provision of an accommodation vessel for the Arkutun-Dagi field operated by Exxon Neftegas Limited, offshore Sakhalin, Russia.
Maersk Oil Relinquishes Elly Area in Danish North Sea
Denmark’s Maersk Oil has, in agreement with the partners, decided to relinquish the Elly area from the Sole Concession and relinquish License 8/06, Area A in the Danish North Sea.
Exxon Sells Gippsland Basin Gas to Orica Limited (Australia)
ExxonMobil Australia announced that its subsidiary, Esso Australia Resources Pty Ltd, along with BHP Billiton Petroleum (Bass Strait) Pty Ltd, has executed a long-term agreement for the sale of gas to Orica Limited. The agreement will supply up to 42 petajoules of gas from the Gippsland Basin over a
Petronas Awards $3.1 B Topsides Contract to Six Local Firms (Malaysia)
Malaysian oil giant PETRONAS has awarded a major 13-package, five-year offshore hook-up, commissioning and maintenance services contract with a total work value of about RM10 billion to six local service providers. The Pan Malaysia Integrated Hook-Up & Commissioning and Topside Major Maintenance Con
Seadrill Buys Under-Construction Rig in China
Prospector Offshore Drilling today informed that it has entered into an agreement to sell an under-construction jack-up rig to Seadrill. According to a press release issued by Prospector Offshore this morning, Seadrill will pay $55.2 million in cash to Prospector for the JU2000E-design rig, being bu
BOURBON Sells Two AHTS Vessels
BOURBON announces the sale of the Bourbon Surf and Bourbon Borgstein, two large 10-year old Norwegian built AHTS (Anchor Handling Tug Supply) vessels for a total amount of US$130 million, generating a total capital gain of approximately US$63 million. BOURBON will continue to operate the two ships
Cape’s Wheatstone Contract to Create 135 New Australian Jobs
Cape plc has entered into an agreement with Bechtel, one of the world’s most respected engineering, project management, and construction companies, for the supply of Scaffold Erection and Dismantling Services on the Chevron-operated Wheatstone Project in Western Australia. The contract, valued at ov
Statfjord A: Statoil’s Oldest Platform Alive and Kicking
The Statfjord A platform in the North Sea actually should have been shut down several years ago. Statoil, Centrica and ExxonMobil have now decided to extend production from the platform until 2020. “Statfjord A is our oldest platform and represents the history of the company’s inception. The exten
Technip Wins Diving Services Job at Edvard Grieg Field
Statoil has made a call-off for the framework contract Technip has with Statoil for diving services. The work will be performed in connection with the future Edvard Grieg Oil Pipeline as well as Utsira high gas pipeline in Norway. The project will help connect the oil pipeline from the Edvard Grieg
West Seahorse FDP Approved. FID in Early 2014 (Australia)
3D Oil Limited has informed that the National Offshore Petroleum Titles Administrator (NOPTA) has offered the VIC/P57 Joint Venture (JV) a Production licence over the West Seahorse (WSH) oil field in the offshore Gippsland Basin in Australia. NOPTA has also approved the Field Development Plan (FDP)