Fossil Energy
Pacific Drilling Board Welcomes New Members
Pacific Drilling S.A. has appointed two new independent members of the company’s Board of Directors, increasing the size of the Board to nine members. Robert Schwed is a partner in Wilmer Cutler Pickering Hale and Dorr LLP and has approximately 40 years of corporate finance transactions experience.
ConocoPhillips Extends Transocean Legend Contract
ConocoPhillips has decided to extend the contract with Transocean for the Transocean Legend semi-submersible drilling rig. The value of the two-well contract for work offshore Australia is estimated at around $64 million. Dayrate for the deal has been set at $425,000. The rig’s prior dayrate was $29
GeoPark Acquires Seven Blocks in Brazil
GeoPark Limited , the Latin American oil and gas explorer, operator and consolidator with operations and production in Chile, Colombia, Brazil and Argentina (AIM: GPK), has now formally signed the following exploration licenses with the Brazilian National Petroleum, National Gas and Biofuels Agency
ArcelorMittal to Supply Steel Wires for Technip’s Activities
ArcelorMittal’s site located in Bourg-en-Bresse is currently developing a partnership to supply highly-resistant steel to be used in the manufacturing of flexible sheaths for Technip, with the aim of strengthening its wire activities in the long term.
DECC Approves Enochdhu Development (UK)
ConocoPhillips and its partner Chevron have received permission from the U.K. Department of Energy and Climate Change (DECC) for development of the Enochdhu discovery in the U.K. Central North Sea. First oil from Enochdhu is expected in late 2014 and the development is expected to produce at an init
CNOOC Starts Trading on Toronto Stock Exchange
Chinese oil company CNOOC Limited has announced that the Toronto Stock Exchange (TSX) has approved the listing of the Company’s American Depositary Receipts (ADRs) on the TSX at the opening of the market today. The Company’s listing symbol is CNU. Wang Yilin, Chairman of the Company commented, “Trad
Honeywell Opens Life Safety Training Center in Houston
The International Labor Organization estimates that every 15 seconds worldwide, a worker loses his or her life due to a work-related injury or illness. More than 650 workers died in the United States last year as a result of falls, slips or other missteps in the workplace, according the U.S. Bureau
Venezuela’s Expropriation of ConocoPhillips Assets Unlawful
ConocoPhillips has announced that an international arbitration Tribunal ruled Venezuela unlawfully expropriated ConocoPhillips’ significant oil investments in the Petrozuata and Hamaca heavy crude oil projects and the offshore Corocoro development project. According to an International Centre for Se
UTEC Geomarine Wraps Up Quad 204 Survey
UTEC Geomarine has announced the successful completion of a significant geotechnical survey program in the West of Shetland region. The work was carried out for BP on their Quad 204 development and involved the utilization of UTEC Geomarine’s unique and innovative ROV-deployed geoROV™ CPT and sampli
SOFF Provides DLB for Chevron’s Offshore Campaign in Thailand
Solstad Offshore ASA («SOFF»), through its wholly owned subsidiary Norce Offshore Pte Ltd, has signed a contract with Chevron in Thailand utilising its Derrick Lay Barge “Norce Endeavour” for Chevron’s annual campaigns. DLB «Norce Endeavour» will install multiple new wellhead platforms for Chevron i
DOF Subsea Nets Multiple Subsea Contracts in USA
DOF Subsea Group has been awarded multiple subsea projects for DPII Multipurpose Construction Vessel, the Harvey Deep-Sea, in the Gulf of Mexico. The recently delivered Harvey Deep-sea successfully completed commissioning mid-September, and is currently mobilizing for the first project in the U.S. G
Perisai Eyeing New Contract for Rubicone MOPU
Malaysia’s Perisai Petroleum is looking for a new client for its Rubicone Mobile Offshore Production Unit (MOPU). The two year charter deal Rubicone has with Gryphon Energy is set to expire at the end of this month. In preparation of the expiration of the charter, the planning for the demobilisation
JVPC Hires Naga 3 Rig for Drilling Offshore Vietnam
Malaysia’s UMW Oil & Gas has secured a drilling contract for its jack-up rig NAGA 3. The rig will be used by Japan Vietnam Petroleum Company (JVPC) to drill two wells offshore Vietnam. The contract will start upon conclusion of the current contract the rig has with Petronas Carigali. JVPC will have
Inertek to Overview Ichthys FPSO Turret Construction
Intertek, the leading quality solutions provider to industries worldwide, has been awarded the dimensional control contract for INPEX Ichthys FPSO (Floating Production Storage Offloading) turret development. This contract calls for the assurance and verification of fabrication and integration of the