Fossil Energy
Cyprus: Gov’t and Total Pen LNG Development Deal
The Republic of Cyprus (Republic) today signed a Memorandum of Understanding (MoU) in respect of the Cyprus Liquefied Natural Gas (LNG) Project with Total E&P Cyprus B.V. (Total). This follows the award in February to Total of Exploration and Production Sharing Contracts for Blocks 10 and 11 of the
VIDEO: R2S Software Reduces Need to Visit Offshore Facilities
Aberdeen based visual asset management specialists Return To Scene (R2S) will transport guests to offshore platforms, tour alien subsea environments and the virtual world of installations still in the design phase – all directly from the comfort of their cinema seats this week. Return to Scene will
Hallin’s First Job in China
Hallin Marine, has secured it first contract in China with COOEC Subsea Technology Company Limited, part of the China National Offshore Oil Corporation (CNOOC). The contract encompasses the provision of the support vessel SOV Windermere, a remotely operated submersible inspection vehicle, a diving t
Hercules Offshore to Manage Perisai’s New Drilling Rigs
Malaysia’s Perisai has appointed Hercules Offshore, Inc. as the drilling operations and maintenance manager of the Perisai Pacific 101 and Perisai Pacific 102, Perisai’s newbuild Pacific Class 400 jack-up drilling Rigs. The Perisai Pacific 101 is scheduled for completion and delivery in July 2014 an
Repsol Earnings Down on Libya Disruptions, Weak Refining Margins
Repsol posted net income of 1.41 billion euros in the first nine months of 2013, calculated at current cost supply (CCS), 17.4% lower than the same period of the previous year. Adjusted net income from continuing operations was 1.572 billion euros, up 9.4% from the year-ago period. The company said
Pemex Hires CGG to Conduct Largest Ever WAZ Survey
CGG announced today that it has been selected to acquire a large high-end seismic acquisition survey in the Mexican waters of the Gulf of Mexico on behalf of Pemex. The survey is phase 5 in Pemex’s Centauro program, the largest ever proprietary 3D wide-azimuth program to be conducted worldwide. Phas
Halliburton Board Approves 20 Pct Dividend Increase
Halliburton announced that its board of directors has approved a 20 percent increase in its quarterly dividend. The 2013 fourth quarter dividend of fifteen cents ($0.15) a share on the company’s common stock is payable on December 27, 2013, to shareholders of record at the close of business on Decem
OXY Hires Its Third GDI Drilling Rig (Qatar)
Occidental Petroleum of Qatar (OPQL) and Gulf Drilling International (GDI) have signed a five year contract for OPQL to use GDI’s recently acquired drilling rig. The contract was signed by Steve Kelly, President and General Manager of OPQL and Ibrahim Jassim Al Othman, Chief Executive Officer of GDI
GC Rieber Shipping Profit Up on Vessel Sale
GC Rieber Shipping today announced it has delivered its best quarterly result in the company’s history. The company had an overall fleet utilisation of 96 percent, corresponding to the same level in the third quarter last year. Sale of vessel has released a substantial amount of cash and GC Rieber S
Prosafe to Order Two Semi-Submersibles from COSCO
Prosafe has agreed a Letter of Intent (LoI) with COSCO (Qidong) Offshore Co. Ltd. for the Engineering, Procurement and Construction of two semi-submersible accommodation vessels, with options for four further units. The vessels will be the most advanced and flexible units for worldwide operations ex
Songa Mercur Starts eniVietnam Contract
Songa Offshore, an international offshore drilling company, announces in its rig update for October that, following the start of the contract on October 9, Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 99% during the rest of the month working for eniVietnam. S
Transocean Orders Five Jack-Ups from Keppel. Eyeing Five More
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a repeat order from a subsidiary of Transocean Ltd. (Transocean) to build 5 KFELS Super B Class jackup rigs for US$1.1 billion. The rigs are scheduled to be delivered progressively from
Lundin Completes Another Johan Sverdrup Appraisal Well
Lundin Petroleum has informed that the Johan Sverdrup appraisal well 16/3-7, located in the south-eastern part of PL501, in the Norwegian part of the North Sea, is completed. Appraisal well 16/3-7 is located at the south-eastern flank of the Johan Sverdrup discovery. It was drilled approximately 3 k
BHP Billiton Surprises Otto By Giving Up On SC55 Block (Philippines)
Otto Energy Limited today announced that it has been verbally advised by BHP Billiton Petroleum (Philippines) Corporation (BHPB), the Operator of Service Contract 55 (SC55) offshore the Philippines, that it has decided not to participate in the drilling of the Cinco-1 prospect and to withdraw from t