Fossil Energy
Herkules Buys Lifeboat Specialists Umoe Schat-Harding and Noreq
Herkules Private Equity has entered into agreements to acquire Umoe Schat-Harding AS and Noreq AS. Together, the two companies will be the world’s leading supplier of maritime life-saving equipment. On Monday 10 June, Herkules signed an agreement to acquire Umoe Schat-Harding AS. The acquisition is
Dvorkovich, Davey Welcome UK and Russian Partnership in O&G Sector
On 10th June 2013 Deputy Prime Minister of the Government of the Russian Federation, A. Dvorkovich and the UK Secretary of State for Energy and Climate Change E. Davey MP met in London and discussed UK – Russian cooperation in the energy sphere. Discussion focused in particular on the gas and nuclea
AusGroup Wins Ichthys Project Contract (Australia)
AusGroup Limited subsidiary AusGroup Corporation (“AGC Thailand”), a leading Thailand based construction and fabrication company, today announced it has been awarded the insulation contract with CUEL Limited for the INPEX Ichthys LNG project in Darwin, Australia. The approximate value of this award
ONGC: No Mozambique Deal Yet. Press Release Issued ‘Erroneously’
India’s oil and gas company ONGC Videsh Limited has withdrawn a press release issued yesterday in which the company announced it had, together with Oil India, acquired interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited. The company said that the pre
CGG Marine Acquisition Solutions to Evolve with New Sentinel MS Streamer
With Sercel’s launch of the new Sentinel® MS multi-sensor streamer, CGG strengthens its lead in innovative high-end marine acquisition to help clients solve the toughest subsurface imaging challenges. Since the launch of its flagship broadband marine solution, BroadSeisTM, in 2010, CGG has accelerat
UK Energy Secretary Supports EU Directive on Offshore Oil and Gas Safety
Responding to the Council of the European Union’s announcement yesterday that the directive on safety of offshore oil and gas has been adopted, Energy and Climate Change Secretary Edward Davey said: “Today’s announcement that European Ministers have passed the directive on offshore oil and gas safet
Otto Gets Extension to SC69 Exploration (Philippines)
Otto Energy Limited advises that the Philippines Department of Energy (DOE) has approved a six month extension to the current Exploration Sub-Phase 3 of SC69 offshore the Visayas. 3D seismic data acquired in 2011 has confirmed the presence of three attractive potential drilling targets in the most p
Prosafe to Provide Accommodation Unit for Statoil’s Mariner Project (UK)
Prosafe has been awarded a contract from Statoil (U.K.) Ltd for the provision of either the Safe Zephyrus or Safe Boreas accommodation support vessel at the Mariner project in the UK Continental Shelf of the North Sea. The contract has been awarded following a competitive tendering process and is fo
EMGS Receives LOI for ‘Boa Thalassa’ Contract Extension in Asia
Electromagnetic Geoservices ASA (EMGS) announced that it has received a Letter of Intent (LOI) for an extension to the ongoing USD 35 million contract in Asia. The value of the contract extension is at least USD 15 million, which brings the total contract value to a minimum of USD 50 million. It is
AMEC Wins Consulting Services Contract for BP’s Projects
AMEC, the international engineering and project management company, has been awarded a framework contract by BP to provide environmental and related consulting services for all of BP’s assets in their upstream, refining and marketing, alternative energy and shipping businesses worldwide. AMEC has an
Wintershall to Plug Mjøsa Well as Non-Commercial (Norway)
Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company has announced that Wintershall, the operator of the PL511 Licence, offshore Norway, is about to wrap up drilling operations in the area. According to Bridge, which owns a 7.5 per cent interest in the licence containi
Chariot Given More Time to Evaluate Options in Moroccan Licences
Chariot Oil & Gas Limited has agreed with the Office National des Hydrocarbures et des Mines in (“ONHYM”) a six month extension for the first phase of exploration on its Loukos, Casablanca and Safi licences, offshore Morocco, which will be valid until 11 January, 2014. The award of this extension re
Wood Group Bags $200 Mln Life of Field Job in UK North Sea
Wood Group PSN (WGPSN) has secured its second North Sea duty holder contract extension this year. Valued at approximately $200m (£140m GBP), the life of field contract from Ithaca Energy will see WGPSN operate and deliver managed services to the Beatrice offshore platforms and Nigg onshore terminal
EU Adopts Directive on Offshore Oil and Gas Safety
The Council of the European Union yesterday adopted a directive on safety of offshore oil and gas operations. The new regulatory framework aims at reducing the occurrence of major accidents related to offshore oil and gas operations and to limit their consequences. Consequently, it will increase the