Fossil Energy
Top News of The Week August 12 -17, 2013
‘Ramco Crusader’ OSV Sinks Off Brazil Brazil’s national oil company Petrobras has informed that the Ramco Crusader offshore support vessel sank Monday night, offshore Brazil. Huntington Field Shut Amid FPSO Issues. All Noreco’s Fields Now Closed Norwegian oil company Noreco has announcer that E.ON,
Petrobras Raises $2.1 Billion Through Assets Sale
Brazilian state-controlled oil company Petróleo Brasileiro, better known as Petrobras, on Friday announced its decision to divest its share in several assets, raising $2.1 billion. At a meeting heldFriday (August 16), Petrobras’ Board of Directors approved the following asset sale transactions total
APPEA Hails Establishment of Oil and Gas Industry Innovation Partnership
The establishment of an Oil and Gas Industry Innovation Partnership (OGIIP) announced by the Federal Government today comes at a vital time as Australia’s oil and gas industry looks to build on a period of unprecedented growth, investment and job generation, the Australian Petroleum Production & Exp
Australia: Santos 1H Net Profit 3% Up. Production Slides 4%
Australian oil and gas producer Santos today announced a first half net profit of $271 million after tax, 3% higher than the corresponding period. The headline result reflects record sales revenue driven by higher crude oil sales volumes and gas prices, impairment reversals and lower production cost
DNV, Ohio Declare War on Corrosion
Det Norske Veritas Research & Innovation (DNV), a world leader in corrosion, materials, and structural integrity, has committed to fund a second major faculty position within the Department of Materials Science and Engineering (MSE) at The Ohio State University to advance corrosion research. A longs
Thai PTTEP Finds Gas Offshore Myanmar
Thailand’s national oil company PTTEP has hit natural gas in its appraisal wells located in block M3 offshore Myanmar.
BP, Marathon Evacuate Workers from Gulf of Mexico Facilities Ahead of Cyclone
Some oil companies operating offshore facilities in the U.S. Gulf of Mexico have begun evacuation of personnel ahead of a potential tropical storm approaching. The U.S. National Hurricane Center has issued a warning in which it says that an area of low pressure which has moved offshore the Yucatan p
GlobalData: Gulf of Guinea Piracy ‘Blooming’ Due To Lack of Naval Presence
Pirates will continue to prey on the lucrative West African oil trade, with more piracy and hijacking incidents expected in the Gulf of Guinea, as long as the political complexities surrounding naval presence in territorial waters continue, says an analyst with research and consulting firm GlobalDat
Origin Energy Struggling to Abandon Vietnamese Offshore Well
Origin Energy’s Vietnamese subsidiary, Origin Energy (Song Hong) Pte Limited is struggling to wrap-up plug and abandonment operation in Vietnamese waters.
Maersk Drilling Boasts ‘Best Quarter Ever’
Danish drilling contractor Maersk Drilling today reported its best quarterly result ever. The company made a 2Q profit of $150 million compared to $98 million earned in 2Q 2012. The profit was driven by increased operational uptime of its drilling rigs. All of the company’s rigs were on contract dur
Santos, Octanex Find More Oil in Winchester Well (Australia)
Santos Offshore Pty Ltd (Santos), the Operator of the Winchester-1/ST-1 exploration well drilled in the Dampier Sub-basin permit WA-323-P, offshore Australia, has advised its partner Octanex that their evaluation and analysis of data obtained from the well has been completed. The most recent analysi
ONS 2013: Exclusive Preview of ‘Pioneer’ for Ex-North Sea Divers
PIONEER is set in the early 80’s, at the beginning of the Norwegian Oil Boom. Enormous oil and gas deposits are discovered in the North Sea and the authorities aim to bring the oil ashore through a pipeline from depths of 500 meters. A professional diver is obsessed with reaching the bottom of the N
Wireline Engineering Establishes Kuala Lumpur Base
Aberdeen-based wireline and well intervention technology specialist Wireline Engineering has boosted operations in the Far East by investing in a new office and supply base in Kuala Lumpur and appointing Craig Glatley as business development manager for the region. Glatley has been appointed to head
NSE UK2 Enters ‘Bagpuss’ Farm Out Deal with Maersk Oil
North Sea Energy Inc. has through its wholly owned subsidiary, North Sea Energy (UK NO2) Limited (“NSE UK2”), entered into a farm-in agreement with Maersk Oil North Sea UK Limited (“Maersk Oil”) to participate in the initial exploration and appraisal of the Company’s UK North Sea blocks 13/24c and 1