Fossil Energy
SapuraClough Completes Acquisition of ‘Normand Clough’ Vessel
Solstad Offshore has completed the previously announced sale of the Normand Clough vessel to SapuraClough for an undisclosed fee. The Normand Clough is a 117m Subsea Support Vessel equipped with a saturation dive system, 2 x Remotely Operated Vehicles (ROVs), a helideck, moon pool and accommodation
Petrobras E&P Boss: Technology can Reduce ‘Time to First Oil’
Petrobras’ Director for Exploration and Production, José Formigli, stressed the importance of developing offshore technology and the ability to manage risk in large projects that, in his view, should not only focus on exploration, but mainly on production. The aim is to reduce the ‘time to first oil
SOCO Becomes Operator of Mer Profonde Sud Permit in Congo
PA Resources has entered an agreement to farm-out a 60% working interest in the Mer Profonde Sud permit to SOCO International plc. The Mer Profond Sud permit comprises the exploration area of the licence but excludes the Azurite field. In return for carrying certain of PA Resources’ costs, SOCO will
Expro Highlight Their Activities at Offshore Energy 2013
During Offshore Energy 2013 held in Amsterdam RAI on 15 and 16 October, Subsea World News reporters spoke to Stuart Ross, Europe CIS Regional Technical Manager for Well Test at Expro. Ross highlighted Expro’s activities in pioneering well flow management: “Expro provides our clients with the service
Songa Offshore Appoints New CFO
Songa Offshore SE has today received the resignation of the company’s Chief Financial Officer, Geir Karlsen. He will, until the end of 2013, remain at the Company’s disposal as Executive Vice President. Executive Vice President Jan Rune Steinsland has been appointed as new Chief Financial Officer as
Galoc Project: Rig Out, Construction Vessel In (Philippines)
Otto Energy Limited, the operator of the producing Galoc oilfield joint venture offshore the Philippines has provided an update on the Galoc Phase II project in SC14C. During the period from 0600 hours (AWST) on 21st October 2013 to 0600 hours (AWST) on 4th November 2013, the Galoc- 6H well was secu
Top News of The Week Oct 28 – Nov 2, 2013
Seaway Heavy Lifting Nets Offshore Installation Job in Mexico Seaway Heavy Lifting wins contract with Permaducto for an offshore installation project in Mexico. Permaducto SA de CV is a company of Grupo Protexa SA de CV. On Friday 18th October Seaway Heavy Lifting signed a contract with Permaducto t
London Offshore Consultants Strengthens Foothold in Australia
London Offshore Consultants (LOC), a global leader in marine and engineering consultancy for the shipping and offshore energy sectors, has announced plans to increase its presence in Australia. Identifying a strategic growth plan which allows the group to maintain quality and improve client response
GE Oil & Gas Opens Technology Center in Recife, Brazil. Creates 100 Jobs
GE Oil & Gas today announced the startup of turbomachinery packaging and testing activities in Brazil that will increase the amount of locally produced equipment used for onshore and offshore projects in Brazil. The new facility is located in the northeastern port city of Recife. “This investment de
Lekoil Raises $97 Mln to Fund Offshore Exploration in Nigeria
Lekoil, the oil and gas exploration and development company with a focus on Nigeria and West Africa, announces, further to the announcement made yesterday afternoon, that it has entered into a placing agreement with Mirabaud Securities LLP and has conditionally raised, in aggregate, gross proceeds o
Brazilian Pre-Salt Layer Has Produced 250 Million Barels of Oil (OTC Brasil)
Cumulative production in the pre-salt has already reached 250 million barrels of oil equivalent (oil and gas) since production started in the Campos Basin pre-salt layer in 2008. The information was presented today (Oct 30) by Petrobras’ Executive Manager for Pre-salt Exploration and Production, Car
Hess Completes $1.2 Bln Sale of Energy Marketing Business
Hess Corporation today completed the previously announced sale of its Energy Marketing business to Direct Energy, a North American subsidiary of Centrica plc, for a total consideration of $1.2 billion. Proceeds were higher than originally announced due to increased working capital at closing. The En
Statoil Receives Approval for New North Sea Well (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 25/9-4, in the Norwegian sector of the North Sea. Well 25/9-4 will be drilled from the Ocean Vanguard drilling rig at position 59°25’24.4” north and 2°47’15.0” east. The drilling programme for well
Rosneft Completes Summer Prospecting Season at its Offshore Blocks
Rosneft announces the completion of the summer 2013 field prospecting season at the company’s offshore license blocks. Seismic prospecting has been conducted at the following blocks: Fedynsky, Central Barentsevsky, East-Prinovozemelsky 1, East-Prinovozemelsky 2, East-Prinovozemelsky 3, South-Russky,