Fossil Energy
Creating Job Openings through Energy Production (USA)
Republicans on the House Natural Resources Committee have been advancing legislation to put Americans back to work and unlock access to the U.S. energy resources. Expanding American energy production, both onshore and offshore, is one of the best ways to create over a million new jobs and spur econo
Cliffhanger Core Sampling Confirms Oil Shows (Norway)
Det norske oljeselskap ASA has, as partner in PL 265 (20 percent), explored a potential on the basement high to the west of the main fault and to the west of the Johan Sverdrup field. Exploration well 16/2-18 S, the Cliffhanger North prospect, did not find sandstone reservoir from the Jurassic in th
Research and Markets Offers New O&G Report
Research and Markets has announced the addition of the “Drilling Fluids (Oil-Based Fluids, Synthetic-Based Fluids And Water-Based Fluids) For Oil And Gas (Offshore & Onshore) Market – Global Industry Analysis, Size Share, Growth, Trends And Forecast, 2012 – 2018” report to their offering. Ever-incre
PTTEP Announces Positive Results (Thailand)
The President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, Tevin Vongvanich, disclosed PTTEP second Quarter Operating Results and the company performance. The company and its subsidiaries posted a net profit of USD 361 million (equivalent to 10,664 million baht), an inc
DOF Subsea Receives Contract from Teekay (Norway)
DOF Subsea Norway, a specialist subsea solutions provider, has been awarded a contract by Teekay Petrojarl Production AS in Norway for its newbuild FPSO. The scope of work includes mooring pre-installation, tow-out and hook-up work for Teekay Petrojarl Production’s new FPSO, which will be installed
TAQA, STATS Group Work Together on Tern Alpha Platform Project (UK)
TAQA Bratani Ltd required an isolation solution to facilitate pipework replacement of a 3” instrument air line on board the Tern Alpha Platform in the North Sea, without the necessity for a platform shutdown. STATS Group proposed the use of a 3” BISEP™ and Tecno Plug™ assembly to provide a double bl
Repsol Shows Strong Performance. Income Increases.
Repsol posted net income of 1.054 billion euros in the first half of 2013, a rise of 2.6% from the year-earlier period calculated at current cost of supply. Calculated based on MIFO criteria, net income was 901 million euros. These earnings are especially significant as the first quarter of 2012 inc
NZOG Abandons Offshore Taranaki Permit, New Zealand
New Zealand Oil & Gas has relinquished Petroleum Exploration Permit 51311 offshore Taranaki, New Zealand, which contains the Kakapo prospect. NZ Oil & Gas holds a 100 per cent interest in PEP 51311. CEO Andrew Knight says at that level of exposure the permit did not fit the NZ Oil & Gas portfolio at
Statoil’s Financial Results Impacted by Lower Gas Prices, CEO Says
Statoil, an international energy company with operations in 35 countries, has announced second quarter 2013 results. Statoil’s net operating income for the second quarter was NOK 34.3 billion compared to NOK 62.0 billion in the second quarter of 2012. Adjusted earnings were NOK 38.0 billion, compare
Havila Shipping Extends OSV Contract with Veripos (Norway)
Havila Shipping ASA of Fosnavag, the leading Norwegian supplier of quality-assured supply services to international offshore companies with a fleet of dedicated vessels, has extended its present contract with GNSS positioning specialists Veripos until the end of 2015. Under the renewed arrangement V
Fire on Hercules GoM Rig Not Yet Extinguished
The Bureau of Safety and Environmental Enforcement (BSEE) and the U.S. Coast Guard are continuing to oversee Walter Oil & Gas Corporation’s response efforts to secure the natural gas well and extinguish the subsequent fire that started after the operator’s loss of well control Tuesday. Both BSEE and
Petrobras Completes Tests on Iara Area Exploratory Well
Petrobras announces it has completed the drilling and formation test of the fourth exploratory well at Iara area, block BM-S-11, in the Santos Basin pre-salt. The results of this well 3-RJS-706 (3-BRSA-1132-RJS) have strengthened the potential of recoverable light oil from Iara and have confirmed th
Statoil, AGR Enter LOI for EC-Drill® System (Norway)
Offshore technology provider AGR Enhanced Drilling, via its subsidiary Ocean Riser Systems, has entered into a NOK120m (USD20m) Letter of Intent (LOI) together with Statoil to deliver the next-generation EC-Drill® Managed Pressure Drilling system. This latest contract will replace a purchase order m
ION Geophysical Sets Up GXT Seismic Data Processing Center, Australia
ION Geophysical Corporation announced that it has established a GX Technology (GXT) seismic data processing center in Perth, to serve the needs of oil & gas companies in Australia and throughout the Asia-Pacific region. The new center is staffed with experienced geoscience professionals with regiona