Fossil Energy
Socar’s Caspian Well Still Burning. BP Offers Help
British oil giant BP has offered help to Azerbaijan’s national oil company Socar to put a burning Caspian Sea well under control. The well #No90 went out of control on Saturday night when natural gas started flowing uncontrollably from it and caught fire. “We’re ready to accept BP’s help, which is v
Wood Group Reports Strong 1H Performance
Wood Group, an international energy services company, has announced its half year results for the six months ended 30 June 2013. The Company reports good growth in EBITA in the first half and is confident of achieving full year performance in line with expectations. Revenue from continuing operation
Lundin Petroleum Drills Duster in North Sea (Norway)
Lundin Petroleum AB has completed the drilling of wildcat well 16/4-7. The well was drilled on PL544 about 14 km northeast of the Sleipner Øst field in the middle part of the Norwegian North Sea. The exploration well 16/4-7, operated by Lundin Norway, was targeting the Biotitt prospect. The well enc
Cairn Buys Stake in Premier Oil’s Norwegian Blocks
Premier Oil has executed a sale and purchase agreement to sell its 20 per cent equity interest in PL378 and PL378B to Capricorn Norge, a wholly-owned subsidiary of Cairn Energy plc, for an upfront cash consideration of $16 million. PL378 and PL378B are located in the Norwegian North Sea and contain
AGM Gets Slice of South Deepwater Tano Block in Ghana
AGM Gibraltar Limited has announced the Cabinet of the Government of Ghana has approved the issuance of a Petroleum Agreement between Ghana National Petroleum Corporation (“GNPC”), GNPC Exploration and Production Company Limited (“GNPC ExploreCo”) and AGM Petroleum Ghana Limited (“AGM Ghana”), a who
Lundin Gets Approval to Drill 16/5-4 Well (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/5-4, in the Norwegian sector of the North Sea. Well 16/5-4 will be drilled from the Bredford Dolphin drilling facility at position 58°42’46.92’’ north 02°35’55.71’’ east for Lundin Norway AS in produ
ONS Norway: AGR Expands TRACS Training Offer
Oslo-headquartered oil services firm AGR has expanded its TRACS Training offer to cover the Norwegian market. The news was launched at ONS Norway today (Monday 19 August 2013). The expansion will seek to repeat the success of AGR’s TRACS Training in Aberdeen, recognised as one of the world’s top tra
Rosneft: Kara-Summer 2013 Expedition Completes Its Voyage
The Kara-Summer 2013 expedition organized by Rosneft in partnership with the Arctic and Antarctic Research Institute completed its voyage on August 16, 2013. Experts spent 30 days at sea aboard the Akademik Fyodorov survey vessel owned by the Arctic and Antarctic Research Institute. They conducted a
Marathon Oil Confirms Deepwater Discovery Offshore Gabon
Marathon Oil Corporation (NYSE: MRO) announced today that the pre-salt Diaman-1B exploration well offshore Gabon has encountered 160-180 net feet (50-55 meters) of hydrocarbon pay in the deepwater pre-salt play. Preliminary analysis suggests that the hydrocarbons are natural gas with condensate cont
COSL Buys Two Jack-Up Drilling Rigs
China Oilfield Services Limited , an oilfield services provider in the offshore China market, announced that it has recently purchased two jack-up drilling rigs which are still under construction. The two rigs were named COSLHunter and COSLGift. Designed by the Dutch-based GustoMSC B.V. and being co
VOS Fairness ERRV Delivered in China
Vroon Offshore has announced that the launching of VOS Fairness took place in China yesterday. VOS Fairness is a 50‑m ERRV (emergency response and rescue vessel) currently under construction at Nanjing East Star Shipyard in China. Last month the vessel was christened by Madam Zhang Hongxia, Chief Re
RasGas Completes Barzan Drilling Campaign (Qatar)
RasGas Company Limited (RasGas) has safely and successfully completed offshore drilling for 30 development wells for the $10.3bn Barzan Gas Project, paving the way for subsequent phases of the project to proceed with connecting the wells to subsea pipelines that will take gas to shore. The 30 develo
Cobalt: Mixed Drilling Results in U.S. and Gabon
Cobalt International Energy, Inc today provided an update on its deepwater drilling operations in West Africa and the Gulf of Mexico, and announced that it has entered into a new rig contract. In West Africa, the Total Gabon operated Diaman #1B well, drilled on the Diaba block in offshore Gabon, has
KrisEnergy, Mubadala Make FID for Nong Yao Field (Thailand)
KrisEnergy Ltd, an independent upstream oil and gas company, announces that together with Mubadala Petroleum, it has agreed the final investment decision for the Nong Yao oil development in the G11/48 contract area in the Gulf of Thailand. First oil is anticipated in the first half 2015. “We are ext