Fossil Energy
No Bids for Acreage Offshore N. Scotia
Nova Scotia Offshore Petroleum Board yesterday announced the results of Call for Bids NS13-1. No bids were received. The Call for Bids featured six parcels which are located 125km off the coast of southeastern Cape Breton. Call for Bids NS13-1 was issued on April 22nd, 2013 and closed on October 24t
Ecopetrol Names New CFO
Ecopetrol S.A. announces that Magda Manosalva has been appointed as its new Chief Financial Officer. Mrs. Manosalva holds a bachelor’s and a master’s degree in economics from the National University of Colombia and a graduate degree in finance from the Harvard Extension School. Before this appointme
Scana to Deliver Propulsion Systems for CNOOC’s Offshore Vessels
Scana Industrier has through its subsidiary Scana Propulsion signed contracts with a value around 50 million NOK in second half 2013. The orders are related to delivery of propulsion systems for offshore vessels within China. The contracts are signed with companies within the CNOOC group and include
Northern Offshore: 3Q Figures Down on Lower Rig Utilization
Northern Offshore, a Bermuda-headquartered drilling contractor today reported its net income for the three months ended September 30, 2013, was $2.7 million, or $0.01 per diluted share. This compares to net income of $17.8 million, or $0.12 per diluted share for the third quarter of 2012. Revenues f
BS Maresias Crew Boat Ready for Brazilian Offshore Fields
Incat Crowther has announced the launch and delivery of BS Maresias. Built by Arpoador Engenharia Ltda, BS Maresias is the first of three 45m Monohull Crew Boats meeting the specifications of the Petrobras P3-type crew boat for service in the Brazilian offshore oil fields. The vessel’s design featur
Chevron Helps Communities Hit by Typhoon Haiyan (Philippines)
Chevron Corporation announced that it has contributed $1.5 million to the American Red Cross to provide disaster relief assistance to Philippine communities affected by Typhoon Haiyan. “Chevron is committed to helping the people of the region begin to recover in the aftermath of this tragic event,”
BOEM Extends Chukchi Sea Lease Sale Public Comment Period
The U.S. Bureau of Ocean Energy Management (BOEM) yesterday announced that the public comment period on the recently released Call for Information and Nominations on Proposed Chukchi Sea Oil and Gas Sale 237 will be extended to Dec. 3, 2013. On Sept. 26, 2013, when the bureau published the Call, the
Faroe Petroleum Buys Remaining Share in Lowlander Field, UK
Faroe Petroleum, the independent oil and gas company, announces that it has acquired the remaining 50 per cent interest in the Lowlander oil discovery in the UK Central North Sea, such that the Company will own the entire 100 per cent interest in the undeveloped oil field. The Company has entered in
Petroceltic: No Oil at Cobalcescu Well Offshore Romania
Petroceltic International plc , the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and Black Sea regions, today provides an update on its 2013 two well Romanian drilling campaign. The Cobalcescu South-1 exploration well offshore Romania was designe
Fastnet Preparing Farm-Out Deal for Foum Assaka Block (Morocco)
Fastnet, the listed E&P company focused on near term exploration acreage in Morocco and the Celtic Sea, has selected a preferred bidder and entered into an exclusivity agreement with that party in respect of the farm-out of its interest in the Foum Assaka licence area, offshore Morocco. The Prefer
Ophir Sells Share in Tanzanian Blocks to Pavilion Energy for $1.3B
Ophir Energy plc has entered into an agreement to sell to Pavilion Energy a 20 per cent. interest in Tanzanian Blocks 1, 3 and 4 for a maximum consideration of US$1,288 million. Highlights of the Transaction · Consideration payable to Ophir on completion of the Transaction of US$1,250 million with f
Sterling Energy In Talks for Seismic Survey Over Ambilobe Block (Madagascar)
Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company has provided an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar. A 1,363 km 2D seismic programme is currently in progress on the Ampasindava Block. The programme is d
Ensco CEO Calls It Quits
Ensco plc announced yesterday that Chairman, President and CEO Dan Rabun has decided to retire after nearly eight years of service. Rabun will continue to serve in his current role as Chairman, President and CEO until the Board of Directors has completed the succession process and a new CEO has been
EnQuest New HQ to be Completed in 2015
Work is now well underway to build a new North Sea headquarters in Aberdeen for leading UK independent oil producer EnQuest. Aberdeen’s Lord Provost yesterday (Tuesday, November 12) gave his seal of approval to what is set to become a new landmark building in the city. EnQuest’s new HQ will replace