Fossil Energy
GE Opens Subsea Equipment Facility in Batam, Indonesia
Indonesia Vice Minister of Energy and Mineral Resources H.E. Susilo Siswoutomo today officiated the grand opening of GE’s (NYSE: GE) newly expanded Batam Island subsea manufacturing facility. The facility features a new high bay workshop that will enable GE to begin manufacturing its first vertical
Petrobras Finds Oil Column in Santos Basin
Brazil’s state-run oil company Petrobras announces it has completed drilling the fifth exploratory well in the Santos Basin pre-salt Iara area, block BM-S-11. Well 3-RJS-715D (3-BRSA-1181D-RJS), informally known as Iara Alto Ângulo (‘Iara steep angle’), is located 225 km off the Rio de Janeiro coast
Dolphin Geophysical Lands Seismic Survey Job in India
Dolphin Geophysical has been awarded a 5 months 3D seismic contract with an undisclosed client in India. The survey, located in North West India, will be started in December with one or several of its 3D seismic vessels. Dolphin Geophysical AS, a global full-range, asset light supplier of marine geo
Petrobras Starts Oil Production from Papa-Terra Field
Chevron Corporation confirmed today that its Brazilian subsidiary and Petrobras have started crude oil production from Papa-Terra’s floating production, storage and offloading vessel (FPSO) offshore Brazil. “The startup of Papa-Terra is another important step toward meeting the growth target we’ve s
Irish Gov’t Aims to Maximise Level of Exploration Activity
Irish Minister for Natural Resources, Fergus O’Dowd, yesterday announced the timing and outline of the next Atlantic Margin Oil and Gas Exploration Licensing Round. The full detail of the Round will be announced after a review of oil and gas fiscal terms is complete in early 2014. The Round is sched
Island Crown Offshore Vessel Hired by Oil Major
Norwegian offshore shipping player Island Offshore has entered into a contract with an undisclosed major oil company covering the charter of the purpose built, state of the art “Walk-to-work”, maintenance, subsea and support vessel M/V Island Crown. The contract is a seasonal charter and the main du
Rosneft, Petrovietnam to Search for Oil in Pechora Sea
Rosneft and Vietnam Oil and Gas Group (hereinafter referred to as PetroVietnam) signed Agreement on basic terms for geological survey, hydrocarbon exploration and production in the Pechora Sea. The agreement was signed by Igor Sechin, Rosneft President and Chairman of the Management Board, and Dr. D
Damen Delivers ‘World Emerald’ PSV
Damen Shipyards Group has recently delivered the fourth Platform Supply Vessel in a series of six to World Wide Supply of Norway. World Emerald is a Damen PSV 3300 CD. The first ship, World Diamond, was delivered in July. The fifth PSV ‘World Opel’, will be handed over in a few weeks and the last [&
Stork, Oryx Form MENA Market JV
Stork Technical Services, a global provider of knowledge based asset integrity services for the oil & gas, power & chemical utility sectors, and Oryx Energy Products & Services LLC (“Oryx”), a service provider for the oil & gas, petrochemical and utility sectors based in Qatar, are establishing a ne
Neon: Evacuated Rigs in Vietnam to Shortly Return to Operations
Neon Energy Limited has provided following update regarding drilling of the Cua Lo-1 and Ca Ngu-1 exploration wells, located in Block 105-110/04 (“Block 105”) and Block 120, offshore Vietnam. Since the last update regarding Cua Lo-1 on 22 October 2013, drilling has reached the 9 5/8” casing point at
Ex-Anadarko CEO Wins API’s Gold Medal for Distinguished Achievement
James T. Hackett, former CEO of Anadarko Petroleum Corporation, is the recipient of the American Petroleum Institute’s 2013 Gold Medal for Distinguished Achievement. The award, API’s highest honor, recognizes leaders who have made substantial contributions to the oil and natural gas industry through
DNV Further Improves Offshore Classification Rules
DNV’s Enhanced Classification Rules for mobile offshore units presented in May have been further improved through a process of industry consultation and feedback. The final versions of the related DNV Offshore Standards have been released and are available now. “Our aim has been to take class a new
UAE Sees Surge in Demand for Offshore Vessels
The regional maritime industry in the UAE is facing a demand surge for multi-purpose vessels on the back of dramatic growth being witnessed by the offshore sector. According to statistics revealed recently, 2013 is set to see massive expansion for the region’s oil & gas industry, with regional playe
Nam Cheong Hits Record Net Profit in 3Q
Nam Cheong Limited, Malaysia’s largest Offshore Support Vessel builder, reports a sterling set of results for the three months ended September 30, 2013. The Group recorded a revenue of RM341.2 million, which was a 140% increase from the RM141.9 million clocked in the corresponding period last year.