Fossil Energy
New CEO to Strengthen Scana Propulsion’s Strategic Position
Terje Arnesen (51) has been temporarily engaged as CEO of Scana Propulsion, effective 12th August 2013. Terje Arnesen is a very experienced senior manager. He left the position as CEO of Bergen Group ASA in May this year. He has also held the positions as Executive Vice President, Shipbuilding and E
TTS Group Receives Offshore Cranes Contract (Singapore)
TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS Bergen signed a contract with a value of approx. 50 million. The contract with Chinese shipyards and the delivery of two offshore cranes for an offshore vessel commissioned by a company in Singapore. Delivery will take place
Tentec Launches New Bolt Tensioners at Offshore Europe 2013, UK
Tentec Ltd, a leading global designer and manufacturer of bolt tensioning equipment announces the launch of the new V-Series of Compact Flange bolt tensioners on Stand 1B61 at Offshore Europe 2013. The V-Series is a purpose designed range of tools designed specifically for use on SPO Compact flanges
Providence Completes Dunquin North Exploration Well (Ireland)
Providence Resources P.l.c., the Irish oil and gas exploration and appraisal company, confirm that drilling activities have now been completed on the 44/23-1 Dunquin North exploration well in Frontier Exploration Licence (FEL) 3/04. The well is located in c. 1,700 m water depth and is c. 170 km off
HRT Murombe-1 Well Shows Disappointing Results (Namibia)
Tower Resources plc, the AIM listed Africa focused oil and gas exploration company, reports that on 19 July 2013 HRT Participações em Petróleo S.A. announced the results of the Murombe-1 well, which has reconfirmed the presence of an Aptian marine source in the Walvis Basin despite failing to find t
Statoil Orders Plexus’ POS-GRIP System (Norway)
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announced it has been awarded a contract for the supply of surface exploration wellhead & mudline equipment services, worth approximately
Pura Vida: Significant Oil Column Found in Loba-1, Off Gabon
Pura Vida Energy NL announces that it has gained access to the drilling cores from the Loba-1 well in the Nkembe block, offshore Gabon, West Africa. Inspection of the cores has confirmed the presence of good quality sandstone reservoirs with abundant oil staining consistent with log properties previ
MEO, Origin Enter Farm-Out Agreement for WA-454-P (Australia)
MEO Australia Limited announces that its wholly owned subsidiary Drysdale Offshore Exploration Pty Ltd (Drysdale) has executed a binding farm-out agreement (FOA) in relation to WA-454-P with Origin Energy Resources Limited, a wholly owned subsidiary of Origin Energy Limited. The FOA is subject to cu
Eastern Shipbuilding Delivers HARVEY DEEP-SEA OSV (USA)
Eastern Shipbuilding Group, Inc. announced the delivery of the M/V HARVEY DEEP-SEA, the fourth of its Tiger Shark Class Offshore Support Vessels constructed for Harvey Gulf International Marine, LLC of New Orleans, LA. The HARVEY DEEP-SEA was delivered July 19, 2013. The vessel was launched at Easte
Top News of the Week July 15 – 20, 2013
Seadrill to Build Four New UDW Drillships (South Korea) Shell’s Olympus on Its Way to U.S. GoM Mars Field COSCO Secures USD200 Mln Semi-Submersible Construction Contract SBM Offshore’s New FPSOs to Work in Lula Field Off Brazil Norwegian Projects to Increase European Drilling Expenditure to
Seadrill’s West Tellus to Work for Chevron (China)
Seadrill Limited has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The a
Dana Petroleum’s Triton Reaches Production Milestone (UK)
Dana Petroleum’s oil production vessel Triton has marked a major milestone by successfully extracting its 200 millionth barrel from the North Sea. Triton is a floating, production, storage and offloading vessel (FPSO) and produces oil and gas from the Bittern, Guillemot West and North West, Clapham,
Apache Adds New Member to Its BoD (USA)
Apache Corporation today announced the appointment of John E. Lowe, a former ConocoPhillips executive, to its board of directors. Lowe is a member of the board of directors for Phillips 66 and Agrium Inc. Previously, he held a series of executive positions with ConocoPhillips, including executive vi
Baker Hughes 2Q Income Decreases (USA)
Baker Hughes Incorporated announced today net income on a GAAP basis for the second quarter of 2013 of $240 million or $0.54 per diluted share. This includes after-tax charges of $20 million ($0.05 per diluted share) for bad debt provisions in Latin America and $7 million ($0.02 per diluted share) f