Fossil Energy
DNV GL to Be the World’s Largest Offshore Classification Society
The merger between DNV and GL is now approved. The new company – DNV GL – will be operational from 12 September. DNV GL will be the world’s largest ship and offshore classification society to the maritime industry, a leading provider of technical assurance and risk management services to the oil & g
Marathon Oil to Sell Stake in Block 32 (Angola)
Marathon Oil Corporation announced it is moving forward with plans to repurchase $1 billion of the Company’s common stock pursuant to its outstanding share repurchase authorization. Unrelated to the share repurchase, the Company also announced an intent to sell its interest in Block 32 offshore Ango
Gazprom: Russia’s Most Prepared Company for Offshore Projects in the Arctic
St. Petersburg hosted the opening of the 11th International Conference for Oil and Gas Resources Development in the Russian Arctic and CIS Continental Shelf (RAO/CIS Offshore 2013). A Gazprom delegation is taking part in the event. Valery Golubev, Deputy Chairman of the Gazprom Management Committee
BP Awards over £1 Bln Worth of Contracts for UK Fields
BP announced today that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated b
Otto Energy Continues G-5H Well Drilling (Philippines)
Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development project approved in 2012. During the period from 0600 hours (AWST) on
Ithaca: Stella A1 Flow Test Shows Positive Results (UK)
Ithaca Energy Inc. announces completion of a highly successful flow test on the first development well drilled on the Stella field and provides a progress update on the Greater Stella Area development activities. The first Stella field development well, “A1”, flowed at a maximum rate of 10,835 barre
Cosco to Build Semi-Submersible Flotel for Axis Offshore
Axis Offshore orders the company’s second semi-submersible flotel, Axis Vega. Axis Vega is the second in a series of up to four flotels to be built at Cosco Shipyard. Axis Vega is expected to be delivered year-end 2015. The sister vessel, Axis Nova, has been under construction at Cosco Shipyard sinc
Statoil Finds Oil in Svale North Prospect (Norway)
Statoil has together with partners in PL128 made an oil discovery in the Svale North prospect in the Norwegian Sea, approximately nine kilometres northeast of the Norne field. Exploration well 6608/10-15, drilled by the Songa Trym drilling rig, has proven a 45 metre oil column in the Åre formation a
Fugro to Buy DCN Global LLC
Fugro has reached agreement to acquire DCN Global LLC (‘DCN Global’), a company specialising in the provision of subsea engineering and diving services to the offshore civil and oil & gas industry, primarily in the Middle East. Over the last four decades Fugro has firmly established itself as the le
Veripos Extends Technology Range (UK)
Aberdeen-based Veripos, the leading supplier of high-precision GNSS positioning services to the world offshore industry, has extended its range of integrated mobile receiver units with the introduction of a new multi-frequency system featuring GNSS heading, L-band positioning and wireless communicat
Pacific Radiance Orders Two ULSTEIN-Designed PSVs
Singapore based Pacific Radiance Group orders two platform supply vessels of the ULSTEIN PX121 design for construction at a Chinese yard. The vessels are estimated for deliveries in Q2 and Q3 2015. The contract includes options for two more vessels. The Pacific Radiance Group is currently managing o
RWE Dea Produces First Gas from Disouq, Egypt
RWE Dea Egypt has produced first gas from the Disouq concession in the Egyptian Nile Delta. The project encompasses the development of seven gas fields in the area to produce a total of approx. 11.4 billion cubic metres of gas. Disouq is the first natural gas project to be brought into production by
Dry Well for HRT Offshore Namibia
HRT Participações em Petróleo S.A. announces that the Moosehead-1 well (2713/16-1) (“Moosehead-1”), the third offshore well in their exploratory drilling campaign, is a dry hole. This well targeted the Moosehead Prospect, located in Petroleum Exploration License 24 (“PEL-24”), in the Orange Basin, o
PA Resources Appoints New President and CEO (Sweden)
The Board of PA Resources has appointed Mark McAllister to the position of President and CEO. Mark McAllister has an extensive experience from various positions in the international oil and gas industry. Mark will take up his new position on 1 October, 2013. Mark McAllister has over 30 years’ experi