Fossil Energy
Statoil Extends COSLPioneer Contract
COSL Drilling Europe AS, has announced that Norwegian oil company Statoil has exercised its second 2-year option for the COSLPioneer semi-submersible rig. Under the contract extension the rig will proceed to operate for Statoil until August 2016. The dayrate for the contract was not revealed. The CO
Actuant Buys Viking SeaTech for $225 Million (UK)
Actuant Corporation announced today the signing of a definitive agreement to acquire Viking SeaTech (“Viking”). The purchase is subject to customary regulatory approvals and closing conditions, and is expected to be completed within 45 days. The approximately £150 million ($225 million) purchase pri
Platts: Five West African Grades of Crude Oil Added to Price Assessment List
Platts, a leading global energy, petrochemicals and metals information provider and top source of benchmark price references, has begun publishing daily price assessments for five West African grades of crude oil. The new price assessments, launched on August 1, provide end-of-day values on the open
Keppel Delivers ‘La Santa Maria’ Jack-Up to Mexican Client
Singapore’s offshore rigs builder Keppel FELS has delivered a KFELS B Class jackup rig, to Constructora y Perforadora LATINA (CP LATINA), a private Mexican company in the energy sector. The rig was named La Santa Maria at a ceremony in Keppel FELS today. Delivered on time and with a perfect safety r
Sen. McCain: Halliburton Got Away with Paltry Fine
U.S. Senator John McCain (R-AZ), Ranking Member of the Senate’s Permanent Subcommittee on Investigations, yesterday wrote to Attorney General Eric Holder on the recent plea agreement reached between the Department of Justice (DOJ) and Halliburton Energy Services Inc. regarding Halliburton’s destruct
Court Dismisses Lawsuit Against Black Elk Energy CEO
Black Elk Energy Offshore Operations, LLC (“BEEOO”), an independent oil and gas company headquartered in Houston, announced this week that the 164th District Court of Harris County, Texas, recently dismissed a lawsuit filed by a small group of seed capital investors in Black Elk Energy, LLC against
Satellite Imagery Shows Thai Oil Spill Dispersing
PTTGC, the company responsible for the oil spill which closed the Ao Prao beach at the Thai tourist resort on the Koh Samet island, yesterday issued a statement in which it said it has “been mitigating the incident by collecting oil from the sea surface, and spraying oil-spill dispersants both by sh
New CFO Appointed at Rialto (Australia)
The Board of Rialto announces the appointment of Andrew Rose as Interim Chief Financial Officer of the Company, effective 27 August 2013. Rose has extensive experience in the Oil & Gas industry having been CFO of both private and public E&P companies and prior to that enjoyed a successful career in
Petrobras June Production in Brazil Increses by 4.8 Pct
Petrobras, announces that the oil output (oil plus natural gas liquids – NGL) of all of Petrobras’ fields in Brazil was 1,979 thousand barrels per day (bpd), volume 4.6% higher than May (1,892 thousand bpd). Including the share operated by the company for its partners, oil output in Brazil reached 2
GSP Offshore Names New CFO (Romania)
GSP Offshore announces the appointment of Geir Johansen as GSP’s new Chief Financial Officer. The nomination of Johansen as GSP’s new CFO is effective from August 1, 2013. Johansen has extensive international managerial experience including mergers and acquisitions, equity and capital market activit
BSEE: Sheen No Longer Visible Near Hercules 265 Rig (USA)
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. All available options to safely secure
‘Jaya Valour’ Deepwater PSV Delivered
Jaya Holdings Limited, the leading offshore energy services provider, has informed of the delivery of its first high-specification, Deepwater Platform Supply Vessel (PSV) – “Jaya Valour”. The vessel was delivered on schedule and on delivery went on-hire immediately, embarking on its maiden voyage as
Keppel Fels to Build New Jack-Up Rig for Parden Holding
Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract to build a jackup rig for US$206 million from Parden Holding, a company based in Uruguay. Scheduled for delivery in 4Q 2015, the jackup rig is intended for operations in offshore Mexico. It wi
ExxonMobil Records 2Q Profit, Production Drop
Exxon Mobil today reported its profit for the second quarter 2013 was $6,860 million. The profit decreased $9,050 million or 57% from the second quarter of 2012 reflecting the absence of a prior year net gain of $7.5 billion associated with divestments and tax-related items. Earnings per share (assu