Fossil Energy
Russians, Koreans Building Shipyard at Russian Far East
On November 13, 2013 Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far Ea
Dolphin Ups Loan for Seismic Equipment to USD 93 Mln
Dolphin Geophysical AS, a wholly-owned subsidiary of Dolphin Group ASA, has today entered into a term sheet with DNB Bank ASA and SpareBank 1 SR-Bank ASA, which contemplates an increase of the existing Loan Facility by USD 20 million to the total amount of USD 93 million. Currently USD 50 million is
FSRU Toscana to Begin with Commercial Activities in December
Commissioning of the regasification plant of OLT Offshore LNG Toscana (FSRU Toscana) is proceeding well and close to completion. The Terminal is fast approaching commercial operations, in line with the company’s program. The start of commercial activities is planned, in fact, within mid December. Al
Siem Offshore Sells ‘Siddis Skipper’ PSV
Siem Meling Offshore DA has entered into an agreement for the sale of the 2004 built Platform Supply Vessel “Siddis Skipper” to an undisclosed buyer at a price of USD 24.5 million. The vessel is scheduled for delivery in first quarter 2014. The sales proceeds will partly be allocated to repayment of
Shell Drills Dry Well Offshore French Guiana
Shell will plug and abandon the GM-ES-5 well, offshore French Guiana, after failing to hit oil, a partner in the licence said. Northern Petroleum Plc, which owns a share in the area said that the GM-ES-5, the final well of the 2012 -2013 four well exploration programme in the Shell-operated Guyane M
ConocoPhillips to Install New Accommodation Facility at Ekofisk
ConocoPhillips has received consent to use the new 2/4 L accommodation facility at Ekofisk. The Ekofisk field will remain in production far longer than originally planned when the field was first put into production in 1970. This has created a need for a new accommodation facility. The PSA has now
ABT to Farm Into Providence’s Helvick Discovery (Ireland)
Lansdowne Oil & Gas plc, the oil and gas exploration and appraisal company, whose shares are quoted in London (AIM), reports that Providence Resources P.l.c. announced today that it has agreed a phased farm in by ABT Oil & Gas (“ABTOG”) into the Helvick oil discovery, located in SEL 2/07 in the Nort
Atlantic Petroleum Set for Oslo IPO
Atlantic Petroleum today announces that the Company contemplates an initial public offering (IPO) on the Oslo Stock Exchange within the end of the year. The Company’s existing shares are listed on NASDAQ OMX Iceland and NASDAQ OMX Copenhagen, respectively. The contemplated IPO is expected to provi
Mechanical Issues Shut Production from Breagh Field (UK)
Sterling Resources Ltd. announces that the operator of the Breagh gas field, RWE Dea, has advised that production has been temporarily shut-in in order to resolve a number of mechanical issues. The mechanical issues requiring repair have occurred subsequent to field start at the inlet area of the
IHC Merwede CEO Steps Down
IHC Merwede today announced that its CEO, Dirk Philips, will step back from his role within the company. Over the past two months, he has led the Board of Management to formulate some important aspects of IHC Merwede’s future business strategy, as well as the appropriate organisation required to imp
Multiple Charter Deals for Deep Sea Supply
Deep Sea Supply has entered into long term charter contracts for the 3 PSVs “Sea Falcon”, “Sea Flyer” and “Sea Forth” with an international oil company for operations in the North Sea. “Sea Falcon”, “Sea Flyer” and “Sea Forth” have all been awarded charter contracts for up to 5 and 3 years. “Sea F
BG, Ophir Strike Net Pay at Mzia-3 Appraisal Well (Tanzania)
Ophir Energy plc announces further successful appraisal of the Mzia discovery in Block 1, Tanzania. Ophir holds 40% of Blocks 1, 3 and 4. BG Group operates with 60%. The Mzia-3 appraisal well was drilled approximately 6km north of the original Mzia-1 discovery well and targeted the main Lower sa
TGS Starts Its First 3D Survey in Brazil
TGS, in partnership with Dolphin Geophysical, will begin acquisition of a new 3D multi-client survey, Olho de Boi, covering 5,000 km2 offshore Brazil. The survey is designed to image pre-salt plays in the hydrocarbon rich Campos Basin and is located northeast of the Pão de Açúcar discovery in an are
AMEC Nets Cygnus Field HUC Contract
AMEC, the international engineering and project management company, has been awarded the hook up and commissioning (HUC) support contract for GDF SUEZ E&P UK Ltd’s Cygnus gas field development, the UK Southern North Sea’s largest gas discovery in the last 25 years. The HUC support contract for the f