Fossil Energy
‘Energising the Nation’s Future’ Second Campaign Winner Announced
‘Energising the Nation’s Future’, the nationwide awareness campaign to improve recognition and understanding of the oil and gas industry, has marked the end of its second month by giving away a state-of-the-art tablet to Elizabeth Muir, solicitor at Pinsent Masons. Throughout the duration of the cam
Aker Solutions Acquires I.D.E.A.S Ltd (UK)
Aker Solutions has acquired UK specialist engineering company International Design Engineering And Services Ltd (I.D.E.A.S) to boost its asset integrity management services. Glasgow, Scotland-based I.D.E.A.S. has developed software and technology that dramatically improves the quality and accuracy o
Iranian Daily Gas Production to Increase by 14 Pct
An Iranian energy official says the country’s daily gas production will increase by 14 percent by the end of the current Iranian calendar year (March 20, 2014). Managing Director of National Iranian Oil Company (NIOC) Ahmad Qalebani said on Wednesday that Iran produced 700 million cubic meters per d
Xodus: TSR Services Demand Increases. Expands Team.
International energy consultancy Xodus Group has seen demand for its technical safety and risk (TSR) services accelerate in recent months, having secured £2 million worth of contracts so far this year. With a target of £5 million turnover in 2013, the specialist team has expanded from ten to 30 peop
Bibby Offshore Adds New Members to Its Team (UK)
Two new chief operating officers and an offshore support services director have been appointed at Bibby Offshore to support the company’s significant future development plans. Current managing director Fraser Moonie, who has been in the role for three years, becomes responsible for eastern regions i
CNOOC, BP Enter PSC for South China Sea Block
CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with BP for deepwater Block 54/11 in Pearl River Mouth Basin in the South China Sea. Block 54/11 is located in Pearl River Mouth Basin in the east part
Dragon Oil Reports Solid Production Performance (UAE)
Dragon Oil plc, an international oil and gas exploration, production and development company, today issues an operational update and financial highlights for the six months’ period ended 30 June 2013. Key operational highlights are: – 15% increase in average daily production rate at approximately 73
Lundin Petroleum Spuds Well in Gohta Prospect, Norway
Lundin Petroleum AB announces that drilling of exploration well 7120/1-3 in PL492 has commenced. The well will target the Gohta prospect, which is located some 150 km northwest of the Norwegian coast (185 km northwest of Hammerfest) and 65 km south of the Johan Castberg discovery. The main objective
Cargotec’s MacGregor to Acquire Hatlapa Group (Germany)
Cargotec’s MacGregor has entered into an agreement to acquire privately owned Hatlapa Group, merchant ship and offshore deck equipment provider, for an enterprise value of EUR 160 million. Hatlapa’s main products are a wide range of winches, steering gears, compressors, multi-deck-handler cranes, an
Premier Sells Interest in Block 07/03 Offshore Vietnam
Premier announced that it has sold 100 per cent of the shares in its wholly owned subsidiary Premier Oil Vietnam South BV (POVS). POVS holds a 30 per cent operated interest in Block 07/03, offshore Vietnam, which contains the Ca Rong Do (CRD) oil and gas discovery and the Ca Duc (Silver Sillago) exp
Kongsberg Supplies Equipment to Fugro’s New Survey Vessel
On 8th of July 2013 the new Fugro owned Survey Vessel “Fugro Helmert” was christened on Fassmer Shipyard in Berne/Germany. Directly after the naming ceremony the vessel was launched. During the coming weeks all remaining works will be finished. On 8th of August 2013, after completion of all final te
Shell’s Olympus on Its Way to U.S. GoM Mars Field
Shell’s massive Olympus tension leg platform (TLP) set sail from Ingleside, Texas on 14th July, for a 425 mile trek to its final home on the Mars Field in the Gulf of Mexico. For 10 days, tugboats will transport the over 120,000 ton platform to the location where work will begin to secure the platfo
Norwegian Projects to Increase European Drilling Expenditure to $12.8 Bln in 2016
Norway will be Europe’s key offshore oil and gas destination in the near future, with a series of fresh development projects over the next two years driving up the drilling expenditure, according to new research from business intelligence provider GBI Research. According to the company’s latest repo
Santos Finds Gas at Bianchi-1 Off Western Australia
Santos today announced a gas discovery at the Bianchi-1 well in Retention Lease WA-49-R, located in the Carnarvon Basin offshore Western Australia. Wireline logging and pressure testing has confirmed 112 metres of net gas pay between 4,748 metres and 5,343 metres in the primary target Triassic-aged