Fossil Energy
OGX July Production at 13.7 Thousand Boepd (Brazil)
OGX Petróleo e Gás Participações S.A. (“OGX”), announces that its average oil and natural gas production for July 2013 reached 13.7 thousand barrels of oil equivalent per day (boepd). Of this amount, 0.9 thousand boepd corresponds to the offshore average production at Tubarão Azul Field, in the Camp
‘Harvey Deep Sea’ Delivered to DOF Subsea
DOF Subsea USA has taken delivery of the new build DPII Multipurpose Construction Vessel – Harvey Deep-Sea under a 4-year long term charter agreement with Harvey Gulf International Marine. DOF Subsea will immediately commence the planned mobilization, comprising of structural reinforcement of the ba
Faroe Petroleum Buys Interest in East Foinaven Field (UK)
Faroe Petroleum has completed the previously announced acquisition of a 10% non-operated interest in the BP-operated East Foinaven oil field and a 0.5% interest in the West of Shetland Pipeline System, both from Marubeni Oil & Gas (North Sea) Limited. The net consideration payable for the acquisitio
FES International to Supply DBSC for Kizomba Field Development (Angola)
Global supplier of fluid transfer systems, FES International, has secured a contract to supply two Diverless Bend Stiffener Connector (DBSC) units for the Kizomba Satellites Phase 2 development located about 95 miles off the Angolan shore, West Africa. The £277,000 order from Oceaneering Internation
Debris Removed from South Timbalier 220 Wellhead
The Bureau of Safety and Environmental Enforcement (BSEE) has announced that, together with U.S. Coast Guard, and Walter Oil & Gas Corporation (Walter), continue to oversee and coordinate response efforts to secure the South Timbalier 220 natural gas Well A-3 which went out of control on July 23 set
IHC Merwede Confirms 1 Billion Euro Orders for Six Pipelayers
IHC Merwede’s Offshore division has been successful in securing orders worth over €1 billion for the design, engineering and construction of a total of six pipelaying vessels. The agreements for these six ships have been signed with Subsea 7 and Seabras Sapura, the partnership between SapuraKencana
Transocean Swings to 2Q Profit
Transocean Ltd., the largest offshore drilling contractor in the world, today reported its second quarter 2013 adjusted earnings from continuing operations were $392 million, or $1.08 per diluted share. Total fleet rig utilization was 80 percent in the second quarter, unchanged from the first quarte
Seadrill Takeover Offer Too Low, Sevan Drilling Directors Say
Sevan Drilling directors Kristian Johansen and Benedicte Schilberd Fasmer have issued a statement in which they advise the company’s shareholders not to accept the mandatory offer issued by Seadrill for the remaining shares of the company. Sevan Drilling, a Norway-based drilling contractor, admits t
Ombrina Mare Field Dispute Continues. MOG Seeks Court Help (Italy)
The Board of Mediterranean Oil & Gas Plc announces that, further to the announcement of 12 July 2013 and the continuing delay to the Ombrina Mare Project, it has today filed an appeal (the “Appeal”) before the Administrative Court in Rome against the Italian Ministry of the Environment and of Protec
Petrobras Extends ‘Skandi Vitória’ Pipe Layer Contract (Brazil)
Brazilian state-run oil company Petrobras has extended the contract for Skandi Vitória with two years from September 2013. “The extension of the charter contract is done in line with the current market,” DOF Subsea said in a press release. The vessel is owned through a joint venture formed by DOF Su
SBM Offshore’s Profit Down. Shares Up on Updated Revenue Forecast
Dutch SBM Offshore today reported a net loss of $42 million for the first half of 2013, compared to net profit of $121 million in the same period last year. Excluding the Yme platform settlement with Talisman and Deep Panuke delay charges, the company’s net profit was $254 million, a 109% up from 1H
Cal Dive Nets Pemex Offshore Pipeline Job (Mexico)
Cal Dive announced today that it was awarded a contract on August 6, 2013, from Mexico’s Pemex Exploración y Producción that is expected to generate revenue of approximately $40 million. This award is in addition to the three Pemex awards already announced in 2013 for approximately $250 million. Thi
Dockwise Vessel Used as Drydock for Rig
Royal Boskalis Westminster N.V. (Boskalis) announced today that it was recently contracted to assist with the repair and maintenance of a semi-submersible drilling rig in the Mediterranean. Boskalis’ share of the project has been successfully completed. Boskalis subsidiary Dockwise was contracted to
‘Ocean Rig Apollo’ to Drill for Total in Congo
Ocean Rig UDW has announced it has secured a drilling contract for its under-construction drillship Ocean Rig Apollo. The company, in its 2Q release, announced that definite documentation for the deal was signed with Total E&P Congo on July 30,2013. The contract is for a three-year drilling campaign