Fossil Energy
INPEX, Shell Acquire EMPI’s Interest in Abadi Project (Indonesia)
INPEX and Shell have completed the necessary procedures for the transfer of PT EMP Energi Indonesia(EMPI)’s 10% participating interest in the Masela Block, Arafura Sea, Indonesia (Abadi LNG Project). This acquisition takes place following EMPI’s decision to divest its participating interest in the A
Thailand: Salamander Starts Multi-Well Exploration Campaign
Salamander Energy plc announces the start of its multi-well exploration programme in Block G4/50, Gulf of Thailand. Salamander has a 100% operated interest in Block G4/50 which surrounds the B8/38 Production Licence (that contains the Bualuang oil field). The Group plans to drill six exploration wel
EMGS Wins $100 Mln 3D EM Data Acquisition Contract
Electromagnetic Geoservices ASA (EMGS) announces that it has been awarded a contract worth approximately USD 100 million by one of the world’s largest oil companies. It is expected that 3D electromagnetic (EM) data acquisition will start in early September 2013, following mobilisation of the vessel
Taiwan’s CPC Buys Into Ichthys Project (Australia)
Japan’s oil and gas company INPEX has reached agreement to transfer a 2.625% of the Ichthys LNG Project equity interest to CPC Corporation, Taiwan (CPC). The Ichthys LNG Project equity interest includes the following elements: Participating interest in production licenses WA-50-L (Ichthys gas-conden
UK: Trapoil Expects Athena Field P2 Well Repairs to Be Quick
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, notes the announcement made today by Ithaca Energy Inc. As part of this announcement Ithaca provided the following operational update with regard t
Drilling Continues at Apache’s Bianchi Prospect (Australia)
Tap oil, an independent oil and gas company from Australia, has announced that drilling operations for the 8½” (216mm) section continued at the Apache-operated Bianchi well. The well was drilled to a depth of 5,302 metres. The Joint Venture has agreed to deepen the well and drill to a new total of a
Labat Buys Share in Namibian Offshore Licence
Labat,a South Africa-based company, has signed an agreement with Amicitia Holdings Limited (“the Vendor”) on 20 June 2013, in terms of which it will acquire the entire issued share capital of Palatina Petroleum Limited for an acquisition price of US$14 million. The Acquisition, which is subject to t
Subsea 7 CEO: ‘Our current financial results in Brazil are unacceptable’
Subsea 7 S.A. today announced an increase in the estimated full-life project loss on the Guará-Lula NE project, offshore Brazil. As a result, the Company no longer expects full year Adjusted EBITDA to show progress compared to 2012. The Guará-Lula NE project entered the offshore phase in the second
Cyprus Signs Deal to Develop Offshore Gas Reserves via LNG Plant
The Republic of Cyprus , today signed a Memorandum of Understanding (“MOU”) in respect of the Cyprus Liquefied Natural Gas (“LNG”) Project with Noble Energy International Ltd , Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership , that were granted in 2008 a Production S
BG Brasil Orders Remora HiLoad FEED Study
Remora AS (Remora) earlier this month announced that the company has been awarded a contract by BG Brasil (BG) to perform a FEED (Front End Engineering & Design) study for the next generation of HiLoad Dynamic Positioning (DP) units (HiLoad). The design that is based on the main parameters of the fi
Petrobras to Use Honeywell Technology for Gas Processing on Its FPSOs
UOP LLC, a Honeywell company, announced today that its technology has been contracted by PNBV, a subsidiary of Brazilian oil company Petrobras, to supply UOP Separex™ membrane systems to process natural gas aboard four Floating Production, Storage and Offloading (FPSO) vessels. The vessels will proc
CIMC Raffles Cuts First Steel for Sinopec’s New Jack-Up Rig
China’s CIMC Raffles has kicked off work on a new jack-up rig for Sinopec. The steel cutting ceremony for the rig, named New Sheng Li #1 took place at the company’s yard in Yantai, China, yesterday morning. This jack-up drilling rig will be designed and constructed based on the latest rules and regu
ARKTIKMORNEFTEGAZRAZVEDKA’s Rig Repainted in Vietnam
Vietnamese shipyard Dung Quat Shipbuilding Industry Company Ltd. has delivered the Murmanskaya rig to the owner ARKTIKMORNEFTEGAZRAZVEDKA.JOSC from RUSSIA, after successfully completing repair works. Murmansksya, delivered on Monday, has length of 88 m, width of 66 m, and is 9.7m tall, with body len
TTS Offshore & Heavy Lift Division Appoints New EVP
TTS has appointed a new head of the Offshore & Heavy Lift Division, Mr Geir Storaas, as Executive Vice President Offshore. He will be based at the TTS office in Bergen, Norway. Storaaas has a degree from the Norwegian School of Economics (NHH) and many years of international management experience fr