Fossil Energy
Thalassa to Buy Go Science Limited
Thalassa, a company with a focus on marine seismic operations, has entered into heads of terms and paid a non-refundable deposit of £360,000 in respect of the proposed acquisition of the business, intellectual property and other assets of GO Science Limited (“GO Science”). GO Science Limited was pla
Kongsberg Improves Its eBird® System (Norway)
Kongsberg Seatex has now given the users of the sophisticated eBird® system the ability to equip SmartWing® with two additional features – a compass and a GNSS receiver. The innovative approach of placing a GNSS receiver in the wings opens new opportunities for improving the efficiency of an operati
Breagh Start-Up Postponed for Mid-October (UK)
Sterling Resources Ltd. has been advised by RWE Dea UK, the operator of the Breagh gas field, that production start-up will now be delayed until mid-October. During the plant start-up process it was discovered that remedial work on three small heat exchangers is required; one of which requires remov
Statoil Makes Gas Discovery in Iskrystall
Statoil ASA has together with its partners Eni Norge AS and Petoro AS made a gas discovery in the Iskrystall prospect in PL608 in the Barents Sea. Well 7219/8-2, drilled by the drilling rig West Hercules, has proved an approximately 200 metre gas column. Statoil estimates the volumes in Iskrystall t
DW: Asia Pacific Deepwater Opportunities and Challenges
Douglas Westwood, a provider of market research & consulting within engineering, OEM & field services sectors of the energy industry, has said that its annual reports on deepwater production show Asia Pacific emerging as a high-growth opportunity – albeit from a small base – as depleting shallow wat
Ithaca Farms-Out More UK Assets
Ithaca Energy Inc. announces further UK exploration portfolio farm-out transactions. When combined with the previously announced UK farm-outs the Company is now fully carried for the forecast cost of drilling the UK exploration well commitments transferred as part of the Valiant Petroleum plc acquis
PGS, Toisa Put Money Into Seafloor Geophysical Solutions
Petroleum Geo-Services (PGS) along with Toisa Seismic Limited (Toisa) have today entered into an agreement to invest in Seafloor Geophysical Solutions (SGS). A strategic cooperation agreement with SGS provides PGS exclusive rights to market and offer SGS node services to clients in the Brazilian mar
Noreco’s Production Woes Continue
Norwegian Energy Company (Noreco) continues to record unstable production levels at its Huntington and Oselvar fields, which were both shut-in during parts of August. At the Huntington field the issues are mainly related to the British pipeline system Central Area Transmission System (CATS), which i
Ophir Energy Hires Drillship for West African Drilling Program
Ophir Energy plc has secured a rig for its West African drilling campaign starting in Q1 2014. Rig secured for West African 2014 multi-well campaign Ophir has agreed heads of terms for a deep water drill ship for its operated multi-well West African drilling programme in 2014. A total of six firm pl
Heerema Christens Deepwater Construction Vessel ‘Aegir’
Heerema Marine Contractor’s new Deepwater Construction Vessel (DCV) Aegir was christened in the Rotterdam Calandkanaal (NL) on Fridaywith a spectacular show to mark the festive occasion. The christening was performed by Mrs Ann Vardeman. This state-of-the-art vessel is capable of executing complex i
Top News of The Week, September 16 – 21, 2013
Top News of The Week, September 16 – 21, 2013
Adriatic Marine Buying Six OSVs (USA)
LA-based Adriatic Marine LLC has entered into a contract with Harvey Gladiator LLC, a wholly-owned subsidiary of Harvey Gulf International Marine LLC, for the purchase of six 205’ DP-1 Offshore Supply Vessels (OSVs). The transaction is expected to close in the early fourth quarter of 2013. The purch
Seadrill to Offer $500 Mln Senior Notes Due 2020
Seadrill Limited, a global offshore drilling contractor, announced today that it intends to offer US$500 million in aggregate principal amount of unsecured senior notes due 2020 (the “Notes”) in a private offering within the United States. The notes will be offered to qualified institutional buyers
Lukoil Selects Contractors for Construction of Offshore Platform
LUKOIL has summed up the results of its bidding procedure for contractors to run construction projects as part of the second stage at Vladimir Filanovsky field in the Caspian Sea. OAO Globalstroy-Engineering will be responsible for the development of engineering documentation, purchase of equipment