Fossil Energy
Farstad Scores Three Charter Deals in Brazil
Norway’s Farstad Shipping ASA has secured contracts for three of its offshore support vessels from three different companies.
Brazil: Chevron Pays $41.6 Mln in Frade Spill Settlement
The settlement was reached on Friday, September 13, between the oil company and the Ministério Público Federal (MPF) to resolve the two public civil actions brought by MPF. Transocean, the owner of the drilling rig involved in the incident, the Brazilian National Agency of Petroleum, Natural Gas (AN
Dubai Maritime City, Shell Pen LNG MoU
Dubai Maritime City, the world-class international maritime cluster that provides a plethora of opportunities to the maritime business today announced that it has signed an MOU with leading international energy services provider Shell to explore the diverse business options related to promoting alte
Strong Flow of Gas Condensate at Proteus Well (Australia)
ConocoPhillips-operated Proteus‐1ST2 exploration well in Australia has been production tested following the confirmation of a gas discovery on 30 August, 2013. The successful flow test of the Proteus‐1ST2 well, located within the Browse Basin , has produced a strong flow of condensate bearing gas wi
CNOOC, Smart Oil Sign PSC for Bohai Bay Block
China’s oil company CNOOC has signed production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Block 05/31 in Bohai. Block 05/31 is located in the junction of Qikou Sag and Nanpu Sag of the West of Bohai. It covers a total area of 270 square kilometers with water depth ranging
Havyard Wins ‘Havila Phoenix’ Conversion Job
Havyard Ship Technology’s shipyard in Leirvik in Norway has won the contract for a major conversion of the subsea vessel Havila Phoenix. Havila Shipping has signed contract with Deep Ocean who has chartered the subsea vessel «Havila Phoenix» for cable laying and trenching operations. The contract is
Lukoil Spuds Savannah Well in Sierra Leone
Russia’s largest privately held oil company Lukoil has kicked off drilling operations on the SL-5-11 block in the deepwater area offshore Sierra Leone. The well is being drilled with the Eirik Raude semi-submersible drilling rig which started with spudding a deepwater well in the Savannah prospect.
Trapoil: Athena P4 Well Fault Still Not Fixed
Trapoil, an oil and gas company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has been notified by the Athena field operator, Ithaca Energy Inc.,that further to its recent diagnostic testing, including an investigation of the ESP installed in the “P4” well in the Athena Field
Cortez Subsea Awarded Decom Contract in North Sea
Cortez Subsea, a growing subsea services and technology products company has secured £1.5million of contracts across its range of pipeline installation and decommissioning services following a successful start to Q3 of 2013. The Aberdeen-based firm has completed the first phase of work on a North Se
Mermaid Sells Subsea Vessel to Prospect Marine
Mermaid Maritime has entered into a Memorandum of Agreement with Prospect Marine Limited, for the sale of its subsea utility vessel “Mermaid Performer”. Mermaid Performer, built in Japan in 1982, is the smallest vessel in Mermaid Offshore Services’ fleet. As part of the fleet renewal plan, MOS took
Lekoil Pays $3 Mln for OML 113 Stake (Nigeria)
Lekoil today announced it has made a payment of $3 million as part of the previously announced deal under which, Lekoil will buy of a 6.502 per cent participating interest in OML113 offshore Nigeria for a consideration of US$30 million. Lekoil and Panoro have agreed that the Company will fund the es
Spike Exploration to Buy Bridge Energy
Bridge Energy ASA , the Oslo Børs and AIM listed oil and gas exploration and production company has noted the announcement today by Spike Exploration Holding AS (“Spike Exploration”) that it will launch an offer to acquire the entire issued share capital of Bridge through a voluntary cash tender off
Malaysia: Petrofac Training Services Wins Its Largest Contract Ever
International oil and gas services provider Petrofac has signed a US$120m agreement with PETRONAS, the Malaysian National Oil Company, for the operation and management of two high-specification training facilities that Petrofac is building to support PETRONAS’ workforce capability enhancement progra
Seascape Surveys Bags $55 Mln Subsea Job in Indonesia
PT Seascape Surveys Indonesia has been awarded a two years long contract, with a one year option, to provide offshore Inspection, Repair and Maintenance (“IRM”) services to a major Indonesian based upstream oil and gas operator. The estimated contract value for the initial term is USD 55 million and