Fossil Energy
Chrysaor Agrees $175 Million Funding
Chrysaor Holdings Limited , an independent exploration and production company focused on developing and commercialising oil and gas discoveries in the UK North Sea and Ireland, has successfully agreed terms for a $175m equity investment. The successful fundraising is from a combination of new and ex
N-Sea: No Surface Decompression Needed with TUP Diving System
N-Sea re-introduces the unique and revolutionary TUP Diving System® for its offshore activities. The TUP (Transfer Under Pressure) Diving System®, designed and built in house by N-Sea, has an extensive track record with over 10,000 incident free dives to date. The system, has undergone a comprehensi
Depots for Oil Spill Clean-Up Equipment to Be Built in Norway
The Norwegian Clean Seas Association for Operating Companies (Nofo) has reached agreement with T. Johansen Drift AS and Roald Johansen AS in Alta on constructing two depots for oil spill clean-up equipment. Located at Hasvik and Måsøy in Norway’s northernmost Finnmark county, these facilities repres
Scana Divests Its Business in China
Scana Industrier ASA has entered into an “Equity Sale and Purchase Agreement” with Leshan Zhi Yuan Gao Di Mining Co. Ltd. regarding a sale of Scanas 80% equity share interest in Leshan Scana Machinery Co. Ltd. New owner will immediately take responsibility for daily operation of the company together
Fred. Olsen Production BoD Urges Shareholders to Accept Yinson Takeover Offer
The board of director of Fred. Olsen Production ASA today issued a statement in which it advises the company’s shareholders to accept the takeover offer made by the Labuan-based company Yinson Production Ltd. To remind, Yinson on June 10 launched the offer to acquire 100% of the shares of the Compan
PetroBroad Copower, CNOOC Sign PSC Deal for South China Sea Block
China’s CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with PetroBroad Copower Limited (PetroBroad Copower) for Block 28/03 in Pearl River Mouth Basin. Block 28/03 is located in Pearl River Mouth Bas
IHC Merwede’s President Becomes Chairman of SEA Europe
The European Ships and Maritime Equipment Association (SEA Europe) has announced that IHC Merwede’s President, Govert Hamers, will succeed Lars Gørvell-Dahll as Chairman in October 2013. Gørvell-Dahll’s will step down midway through his tenure to become the Managing Director of the maritime arm of t
Oleg Aksyutin Becomes CEO of South Stream Transport
The South Stream Project is making good progress and enters an important next phase. Following a recent Board Meeting, South Stream Transport has initiated two tenders, one for the supply of line pipe and another one for the construction of the South Stream Offshore Pipeline through the Black Sea. C
Cooper Energy Enters Offshore Gippsland Basin Permits (Australia)
Melbourne-based gas explorer and developer Bass Strait Oil Company Ltd today announced it has taken a significant first step to ascertaining the potential of its strategically based offshore Gippsland Basin permits to supply the evolving eastern states domestic gas market. It has today signed non-bi
OGX: June Offshore Production Reaches 9.7 Thousand Boepd (Brazil)
OGX announces that its average oil and natural gas production for June 2013 reached 23.0 thousand barrels of oil equivalent per day (boepd). Of this amount, 9.7 thousand boepd corresponds to the offshore average production at Tubarão Azul Field, in the Campos Basin, and 13.3 thousand boepd (2.1 mill
Saipem: Search Ongoing for Worker Missing in Rig Sinking Incident (Angola)
Italy’s Saipem has announced that the search for the person, missing since the Perro Negro 6 rig sinking, is still underway. The company, in a press release issued last night, said that the search for the worker “of Bulgarian nationality, is currently under way and being carried out by the emergency
GE Expands Subsea Manufacturing Facility in Montrose, Scotland
GE Oil & Gas has strengthened its position in the worldwide energy market, unveiling the results of a significant expansion of to its subsea systems manufacturing, test and assembly facility in Montrose, Scotland. The product of a 10.4 million pound ($15.8 million) investment, the Brent Avenue site
ZPMC, COSL Sign Contract for Two Deepwater AHTS Units
On June 19, ZPMC and China Oilfield Services Limited (COSL) held the signing ceremony for two deepwater AHTS units, marking ZPMC’s first AHTS order and adding a new ship type to its offshore engineering sector. As the largest and most advanced flagship type among CNOOC’s three-purpose working ships
Tower Resources to Start Drilling Off Namibia in 2014
The drilling of the Welwitschia-1 well is now planned to commence in mid-February 2014 and a firm rig is in place.