Fossil Energy
Shell 3Q Earnings Drop
Royal Dutch Shell’s third quarter 2013 earnings, on a current cost of supplies (CCS) basis, were $4.2 billion compared with $6.2 billion in the same quarter a year ago. Third quarter 2013 CCS earnings excluding identified items were $4.5 billion compared with $6.6 billion in the third quarter of 201
Karoon Farms Into Petrobras’ Santos Basin Block
On 30 August 2010, Karoon executed a Farm‐in Agreement with Petróleo Brasileiro S.A. (“Petrobras”) to acquire a 20% interest in Blocks S‐M‐1352 and S‐M‐1354 in the Santos Basin, offshore Brazil. This transaction was conditional on obtaining regulatory approval from the Agência Nacional do Petróleo (
Hess Hires PSV Siem Hanne (Equatorial Guinea)
Siem Offshore and Hess Equatorial Guinea Inc. have entered into a contract for the PSV “Siem Hanne” for operations offshore Equatorial Guinea. The charter contract has started and is for a firm period of 12 months and Hess has an option to extend the charter contract by 1 x 6 months plus 6 x 1 [&hel
Aminex, TPDC Gas Sales Negotiation in Advanced Stage (Tanzania)
Aminex PLC announces that gas sales negotiations between its Tanzanian subsidiary Ndovu Resources Ltd. (“Ndovu”) and the Tanzanian Petroleum Development Corporation (‘TPDC’) for its Kiliwani North Field in Tanzania are at an advanced stage and expected to be concluded prior to year end. As part of t
Petrobras: 9 New Production Units in a Single Year
Petrobras will receive nine production units in a single year for the first time ever. The installed production capacity of the platforms amounts to 1 million barrels per day and the units coming on stream will be essential for the company to double its current production and achieve the target of 4
Trinity Spuds TGAL-1 Well (Trinidad)
Trinity, the leading independent E&P company focused on Trinidad and Tobago, announces the commencement of drilling operations at its TGAL-1 exploration well which lies within the Galeota license offshore the east coast of Trinidad. This well was previously referred to as GAL-25. Trinity is operatin
Ulstein Sells 100th Ship Design
ULSTEIN’s latest design contract for Vroon Offshore Services pushes the total number of offshore ship designs sold past the 100 mark. This milestone has been achieved in 14 years, with 74 of the contracts signed for the X–BOW® design. The numbers behind that ‘headline hundred’ are a testimony to the
SeaBird 3Q Revenues Up 14 Pct
SeaBird Exploration Plc, a global provider of marine 2D/3D/4D seismic data, and associated products and services to the oil and gas industry, reported its revenues for the quarter were $51.9 million, an increase of 14% compared to the comparable period in 2012 and up 29% relative to Q2 2013. Contrac
Lundin Names New MD for Malaysia
Lundin Petroleum AB, a Sweden-based oil and gas exploration and production company, has appointed of Paul Atkinson as General Manager for Malaysia and Managing Director for Lundin Petroleum’s South East Asia (SE Asia) business. Atkinson is joining Lundin Petroleum from Talisman Energy where he has h
Petronas Reports Gas Discoveries in Malaysia, Indonesia and Australia
Malaysian oil company PETRONAS has announced new gas discoveries in three of its upstream ventures in Malaysia, Indonesia and Australia. The first discovery is via the Pegaga-1 well in Block SK320, offshore Sarawak, which is operated by Mubadala Petroleum through a Malaysian affiliate. PETRONAS Cari
Technip, Subsea 7 Win $1.2 Bln TEN Project Job Offshore Ghana
Technip, leader of a consortium with Subsea7, has been awarded by Tullow Ghana Limited two contracts for the TEN Project, located offshore Ghana, at a water depth reaching up to 2,000 meters. Together, those two contracts have a combined value of approximately USD 1.23 billion, with a Technip share
DeepOcean Appoints New Director SURF (Norway)
DeepOcean AS , a subsidiary of DeepOcean Group Holding BV, today announced that John Baxter has been named DeepOcean’s Director SURF. “We are excited that John has decided to join DeepOcean to lead our SURF team in Haugesund and Aberdeen. He has the experience and business contacts and we are confid
Delek Becomes First Israeli Firm to Make It to Platts Top 250
Delek Group named to Platts Top 250 Global Energy Company Rankings for 2013. Delek Group, according to Platts, has distinguished itself through its remarkable performance over the past year. The Company earned a ranking of #155 on overall global performance. This is the first time an Israeli company
Proserv Names Country Manager for Nigeria
International energy technology services company Proserv has reinforced its expanding global reach by appointing a country manager in one of West Africa’s fast-emerging provinces. Olu Phillips takes up the post in Nigeria where Proserv has experienced rapid growth in demand for its integrated servic