Fossil Energy
Wood Group Extends Investment in Arctic Technology Development
Wood Group has renewed its sponsorship of the Wood Group Chair of Arctic and Harsh Environment Engineering at Memorial University of Newfoundland (MUN) for a second five-year term, from 2014 to 2019. The research chair in the Faculty of Engineering and Applied Science will benefit both undergraduate
Nigerian Pirates Release Two U.S. Sailors
Pirates have released two offshore sailors captured in October from an Edison Chouest-owned supply vessel in Nigeria. “We welcome the release of the two U.S. citizens who were kidnapped from the M/V C-Retriever. For privacy reasons, we will not provide any additional information,” Reuters quoted a S
Oil Found at Oyo Field in Miocene Zone (Nigeria)
CAMAC Energy Inc. today announced it has been informed by Allied Energy Plc that the Oyo-7 well offshore Nigeria in OML 120 has confirmed the presence of hydrocarbons in the Miocene formation. This marks the first time a well has been successfully drilled into the Miocene formation of the Oyo oil
Nicaragua’s First Deepwater Well Disappoints
Noble Energy, Inc. today announced disappointing results from the Paraiso-1 exploration well, located in the Tyra Bank concession area offshore Nicaragua. The well, which had hydrocarbon shows and found high-quality Tertiary-age carbonate reservoirs, did not encounter an accumulation of hydrocarbo
Lundin Hires Apply for Edvard Grieg Pre-Op Services
Apply by Apply Sørco’s Operations and Engineering Services department (O&ES) has been awarded a contract by Lundin relating to Pre-Operations Services for the Edvard Grieg field in the Norwegian part of the North Sea. “The contract is important, both in that it will generate significant volumes
Drydocks World Receives Prestigious Business Award
Drydocks World, the established international service provider of maritime services to the oil & gas and energy sectors received the prestigious 7th Cycle Mohammed Bin Rashid Al Maktoum Business Award in the Manufacturing Category. The award held under the patronage of H.H. Sheikh Mohammed Bin Ras
Aberdeen – Oslo Flights Frequency Up on Oil & Gas Industry Demand
The frequency of flights between Aberdeen and Oslo is to be increased due to demand from the oil and gas industry, according to operator bmi regional. The airline’s scheduled service providing direct access from Europe’s oil and gas capital to the Norwegian capital launched on 28 October as a sing
Petrobras Sells Peruvian Assets to CNPC for $2.6B
Brazil’s state-controlled oil company Petrobras announces that today it has signed sale of its 100% shareholding in the wholly owned subsidiary Petrobras Energia Peru (PEP) to China National Petroleum Corporation – CNPC for $2.6 billion. The assets included in the transaction are: 100% stake in Bl
Bibby Offshore Hires ‘Olympic Ares’ CSV
Aberdeen-based subsea installation contractor Bibby Offshore has signed a charter agreement for construction support vessel (CSV), the Olympic ARES. The agreement with Olympic Shipping will initially be a seasonal charter beginning at the end of Q1 2014 with options to extend. The vessel will be
Subsea UK: British Subsea Companies Need 16.000 New Workers
Subsea UK has developed a “toolkit” to help companies grow their own talent as the industry faces a massive shortfall of people. The industry body, which represents the £8.9 billion subsea sector, revealed that British subsea companies need around 16,000 to help them grow to £11 billion and increase
Chariot Prepares Rabat Seismic. Drops Casablanca/Safi Licence (Morocco)
Chariot Oil & Gas has completed the reprocessing of 11,000km of legacy 2D seismic data across all of its acreage offshore Morocco, with the total amount of this work and the portion of it attributable to the Loukos, Casablanca/Safi and Rabat Deep licences exceeding the initial commitment for each li
McDermott Orders DGI Subsea Actuators for Ichthys Project in Australia
DGI from the Netherlands has been awarded a contract from McDermott for delivery of a large number of shallow water subsea actuators for flooding systems with ROV override access for the Ichthys Gas Project. The Ichthys LNG project will be executed by McDermott for the EPC part (URF part) and Heerem
Two Seas Sells Its Porcupine Basin Interest to Woodside (Ireland)
Two Seas Oil & Gas Ltd, a privately owned firm founded in 2010, today announced it has reached a deal with Woodside Energy (Ireland) Pty Ltd for Woodside to acquire their entire 60% interest in the Porcupine Basin Licensing Option LO 11/10, offshore Ireland. The Licensing Option was originally gra
BG Group COO Resigns
BG Group plc today announced that Martin Houston, Chief Operating Officer (COO) and Executive Director, has stepped down from the Board and Group Executive Committee (GEC) with immediate effect, and will retire from the Group by 31 December 2014. Sami Iskander, Executive Vice President Operations