Fossil Energy
Dana Spuds Pharos Exploration Well (UK)
Dana Petroleum has started drilling works at the Pharos exploration well in the UK Southern North Sea. The news was announced this morning by Parkmead, which owns a 20% stake in the prospect. The Pharos gas prospect has the potential to contain up to 500 billion cubic feet of gas-in-place (86 millio
Northern Petroleum to Sell Dutch Subsidiary
Northern Petroleum Plc announces that it has entered into a binding sale and purchase agreement with Vermilion Oil & Gas Netherlands BV (“Vermilion”), a wholly owned subsidiary of Vermilion Energy Inc., for the sale of Northern Petroleum Nederland BV (“NPN”), the Company’s wholly owned Netherlands o
2H Offshore to Provide Risers for TEN Development in Ghana
2H Offshore, an Acteon company, has been appointed by Tullow Oil as lead riser engineering consultancy for the delivery of the flexible riser system for its Tweneboa, Enyenra and Ntomme (TEN) field development, offshore Ghana. The TEN development is located in the Deepwater Tano block, approximately
Petrobras Domestic Output in August Rises
Petrobras announces that, in August, oil output (oil plus natural gas liquids – NGL) from all the company’s fields in Brazil averaged 1,908,000 barrels per day (bpd). This volume is 1.1% higher than the average output of the previous month (1,888,000 bpd). Including the share operated by the company
Apache Extends Contracts for ‘Blue Fighter’ and ‘Blue Prosper’
Apache has decided to extend contracts with Blue Ship invest for its two Platform Supply Vessels ‘Blue Fighter’ and ‘Blue Prosper’. According to data provided by Westshore Shipbrokers, the vessels will stay with Apache for another year. Apache has an option to extend the charter for one more year. T
Eight More Greenpeace Members Arrested in Russia
Russian authorities have arrested eight more Greenpeace activists. A total of thirty people have now been arrested, after two Greenpeace members climbed a Gazprom-operated offshore platform in the Pechora Sea earlier this month. The activists will, according to information provided by Greenpeace, be
Lundin Spuds Torvastad Well Offshore Norway
Lundin Petroleum AB has started drilling of exploration well 16/2-20S on PL501 immediately north of the Johan Sverdrup discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS). The well is exploring the area north of the well-established Johan Sverdrup discovery. Well 16/2-
ROVOP Wins 5-Year ROV Contract from Ceona
Global oil and gas subsea construction specialist Ceona has awarded a five-year contract worth over £45million to market-leading independent ROV provider ROVOP. The contract will see ROVOP provide hydraulic, work-class ROV services on board Ceona’s fleet of new, purpose-built deepwater pipelay and c
W&T Offshore Buys Share in Dantzler Prospect. Increases Capital Budget
W&T Offshore, Inc. announced that it has increased its 2013 capital budget to $550 million, excluding potential acquisitions. The revised budget includes increased deepwater activity, completion costs on the company’s successful exploration wells, additional onshore drilling at its Yellow Rose field
Harvest Selling Offshore Gabon Block to Vitol for $137 Mln
Harvest Natural Resources, Inc. today announced that it has entered into exclusive negotiations with Vitol S.A. (Vitol), to sell the Company’s 66.667 percent interest in the Dussafu Marine Permit PSC, offshore Gabon for $137.0 million in cash. Net proceeds from the sale are estimated to be approxima
EDT Offshore Buys New PSV
EDT Offshore, a Cyprus based provider of offshore support vessels to the oil and gas industry worldwide, has expanded its fleet with a new vessel. The company last week announced it bought the EDT Kennedy, a Platform Supply Vessel, currently under construction at the Fujian Southeast Shipyard in Chi
IKM Wins Kepodang Gas Field Job from McDermott (Indonesia)
PT IKM Indonesia has been awarded a contract by PT McDermott Indonesia for the Kepodang Gas Field Project. McDermott won the contract from PC Muriah, which is an affiliate of PETRONAS Carigali. Under this contract, McDermott will procure, build, install and commission a 5,802t central processing pla
Tecpetrol, GeoPark to Jointly Explore O&G Opportunities in Brazil
Tecpetrol S.A., the oil and gas subsidiary of the Techint Group, and GeoPark Limited, the Latin American oil and gas explorer and operator, announce the formation of a new strategic alliance to jointly identify and study and potentially acquire upstream oil and gas opportunities in Brazil, with a sp
EU, Russia in Talks to Resolve South Stream Issues Stemming from Third Energy Package
In Milan, the leaders of South Stream and Gazprom make their case of the pipeline’s value for Europe