Fossil Energy
Karoon Gas Australia Raising Cash for Exploration
Karoon Gas Australia Ltd yesterday announced the launch of an underwritten placement to raise approximately A$150 million at an offer price of A$5.10 (“Placement”). The offer price represents an 8.9% discount to the last trading price of A$5.60 on 6 August 2013. The proposed placement will strengthe
Prosafe’s ‘Safe Regency’ Gets Contract Extension in Mexico
Mexico’s Cotemar group has confirmed that Safe Regency has been awarded a contract extension and option through to 31 March 2014 with unchanged day rates. The Safe Regency was built in 1982 at the FELS yard in Singapore to a Pacesetter design. She has an eight-point Thruster Assisted Mooring System
Statoil Extends ‘Deepsea Atlantic’ Rig Contract
Norwegian oil company Statoil has exercised a one-year option for the use of Deepsea Atlantic semi-submersible drilling rig from August 15, 2014. Deepsea Atlantic has been drilling for Statoil in the North Sea since 2010. In addition to the one-year option now being exercised, the contract includes
Statoil Makes Small Oil Discovery in North Sea (Norway)
Lundin Petroleum AB has announced that exploration well 16/2-18S (Cliffhanger North), drilled west of the main bounding fault for the Johan Sverdrup discovery, has been completed as a small oil discovery. Exploration well 16/2-18S, located on Statoil operated PL265, was drilled west of Johan Sverdru
HRT Spuds Moosehead-1 Well in Namibia
HRT Participações em Petróleo S.A. announces the spud of the Moosehead-1 well (2713/16-1) (“Moosehead-1”), the third offshore well in its exploratory drilling campaign. This well is targeting the Moosehead Prospect, located in Petroleum Exploration License 24 (“PEL 24”), in the Orange Basin, offshor
Ascent Resources Sells Dutch Assets to Tulip Oil
Ascent Resources plc, the AIM listed European oil and gas exploration and production company, today announces that it has agreed to dispose of its full interests in the Netherlands Exploration Licences Terschelling-Noord and M10a & M11 to Tulip Oil Netherlands B.V. for a total cash consideration of
Ghana: Ophir Energy Gets Exploration Period Extension
Rialto has announced that the Ministry of Energy and Petroleum, Ghana has granted a six month extension to the Initial Exploration Period under the Petroleum Agreement in respect of the Offshore Accra Contract Area. Joint venture participants include Tap Oil Limited. The Initial Exploration Period n
Rowan Eyeing Contract for 4th Drillship. Net Profit Rises
CEO: Contract for newbuild drillship expected in the coming months
Cobalt Hires ‘Rowan Reliance’ Drillship
Rowan Companies, a US Based drilling contractor today announced it has secured a three-year contract with Cobalt International Energy, L.P. for the Rowan Reliance drillship. The vessel is one of Rowan’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. L
Sembcorp: Demand For Rigs Remains Strong. 1H Numbers Down
Singapore’s Sembcorp Industries has reported a net profit of S$342.2 million and turnover of S$4.8 billion for the first half of 2013 (1H2013), compared to S$367.4 million and S$5.1 billion respectively in the corresponding period last year (1H2012). Sembcorp’s main profit contributors continued to
McDermott to Close Louisiana Base. 350 to Lose Job
McDermott International, Inc. has announced that it is substantially consolidating its Atlantic operations and restructuring. The restructuring plan includes the closure of the Company’s Morgan City fabrication facility and marine base in Louisiana, expected late this year or early next, once the Co
Noble Corp. Gears Up for 4Q Trial Against Marathon Oil Corp.
Noble Corporation, a Swiss-headquartered drilling contractor which recently announced it was contemplating a move to the UK, is preparing for a trial against Marathon Oil Corporation. In its quarterly filing, delivered yesterday to the United States Securities and Exchange Commission, Noble said it
Spectrum Begins 2D Seismic Survey in UK
Spectrum has early August 2013 kicked off the acquisition of a new high quality 2D Multi-Client seismic survey in the Southern Gas Basin, UK. The survey area, covering 15+ blocks, is predominantly acreage available for the 28th License Round expected to open January 2014. The acquisition will focus
Noreco: Technical Problems Keep Several Fields Shut Down
Norwegian oil company Noreco is struggling with its producing oil and gas fields. In its production report for July the company said it has produced 3873 barrels of oil equivalent per day. The company revealed it has been experiencing technical problems at several fields. Technical issues related to