Fossil Energy
FRSU Toscana Arrives in Italy
Towed by two tugs, “FRSU Toscana” arrived in Italy, in the waters of Tuscany Region in front of the coast between Livorno and Pisa. The Terminal sailed away from Malta on Friday July, 26, where it made a scheduled stop necessary to finalize some mechanical activities in preparation of installation a
Shell CEO: 2Q Results Clearly Disappointing
Royal Dutch Shell has announced that its second quarter 2013 earnings, on a current cost of supplies (CCS) basis , were $2.4 billion compared with $6.0 billion in the same quarter a year ago. Second quarter 2013 earnings included an identified net charge of $2.2 billion after tax, mainly reflecting
Costain Buys EPC Offshore and Launches Costain Upstream
Costain, one of the UK’s leading Tier One engineering solutions providers, announced that it has today acquired EPC Offshore, a specialist oil & gas project management services company, for an initial consideration of £9.6 million (plus £1.0 million for excess cash). Costain also announces the launc
Wood Group Wins Subsea Gig at BP Offshore Projects in Angola
Wood Group Kenny (WGK) has recently been awarded a new contract containing two Engineering Services scopes with BP Angola under the BP Global agreement awarded to WGK in 2007. The contract involves Subsea Operations Support: one is for work associated with the Block 18 Greater Plutonio Operations gr
Shell Plugs and Abandons Palta-1 Well (Australia)
Octanex N.L. has been advised by Shell Development (Australia) Pty Ltd that the Palta-1 exploration well, operated by Shell and situated within the WA-384-P permit, has reached total depth and logging results confirm that it did not encounter commercial hydrocarbons. The well is currently being plug
ConocoPhillips Acquires Interest in Cairn’s Blocks Offshore Senegal
Cairn announces that it has entered into a farm down agreement with ConocoPhillips for three contiguous blocks located offshore Senegal, West Africa. Under the terms of the agreement, which is subject to Government of Senegal approval, ConocoPhillips will acquire a 25% working interest from Cairn in
Thailand: PTTEP Opens New Support Base for E&P Activities
PTTEP opens new Petroleum Development Support Base in Ranong Province to enhance exploration and production activities in the Andaman Sea and the Gulf of Mataban, the Union of Myanmar.
Eni Makes Significant Oil & Gas Discovery Offshore Congo
Italy’s Eni has made an important oil and gas discovery in the Nene’ Marine exploration prospect located in the Marine XII Block offshore Congo approximately 17 kilometers from the shoreline. The company estimates the volume of the discovery proved with the 2 wells so far drilled at around 600 milli
Three Multi-Client Seismic Surveys for TGS
TGS, a Norway-based seismic acquisition specialist, announces three new multi-client surveys; a 3D survey in UK West of Shetlands and two 2D surveys offshore Newfoundland-Labrador. Rona Ridge 2013 (RR13) is a 2,420 km2 3D survey that will provide the industry’s first 3D data in the highly prospectiv
Seadrill Orders Two New Jack-Ups in China. Delivery in 2016.
Seadrill Limited has entered into new contracts for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The newbuild rigs are scheduled for delivery during the second and third quarters of 2016, and the total p
E&P Growth Spurs OMV to Open 1.600 New Jobs
OMV, the integrated, international oil and gas company, has launched a new job initiative. The planned growth in exploring and producing natural oil and gas means that the company will need around 1,600 additional technical staff by 2016, particularly university graduates and experienced specialists
Cooper Energy Farms Into Gippsland Basin Permits (Australia)
Cooper Energy Limited has announced the farmin agreements with Bass Strait Oil Company Limited (BAS) announced to the ASX on 5 July 2013 have now been executed by both parties. The agreements provide for Cooper Energy to acquire interests in Gippsland Basin permits Vic/P41 and Vic/P68 through comple
NOC, IOC Experts to Speak at 2nd Libya Forum
Leaders from the global oil and gas industry and NOC Libya are confirmed to speak at the 2nd Libya Forum taking place 16-18 June 2013 at the Cortinthia Hotel, Tripoli, Libya. Decision makers from NOC Libya include, H.E. Abdelbari Al-Arusi, Minister of Oil & Gas, Libya, and Dr Nurri Berruein, Chairma
East of England Energy Firms Team Up at SPE Offshore Europe
Nearly 20 East of England energy companies have teamed up to make the maximum impact at SPE Offshore Europe in Aberdeen (September 3-6). Spurred by the renewed dash for gas in the Southern North Sea, the supply chain businesses from Norfolk and Suffolk have headed north to remind the world of the un