Fossil Energy
BP: Significant Gas Discovery Offshore India
Reliance Industries Limited (RIL) and its partners BP and NIKO today announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India. The KGD6-MJ1 well was drilled in a water depth of 1,024 metres – and to a total depth of 4,509 metres – to explore the prospect
UMW Oil & Gas: Profit Down Due to Naga 1 Rig Downtime (Malaysia)
Malaysia’s UMW Oil & Gas has reported a drop in revenue and profit for the first quarter 2013. The company’s revenue of RM178.7 million was RM97.3 million or 35.3% lower than RM276.0 million recorded in the previous corresponding quarter. The profit declined by RM19.6 million or 45.5% from RM43.1 mi
Sevan Cylindrical Hulls to Be Completed as Accommodation Units
Press Release – Sevan Marine ASA has entered into an agreement to sell the semi-completed Sevan hulls number 4 and 5 on an “as-is, where-is” basis to Logitel Offshore. The total purchase price for the Hulls is USD 41 million, to be rendered as a seller’s credit. Sevan will grant an additional loan o
Petrobras Sells 12 Pct in Tanzanian Offshore Block to Statoil
Norway’s oil company Statoil has acquired a 12% working interest in the Block 6 licence offshore Tanzania from operator Petrobras Tanzania Ltd, a subsidiary of the Brazil’s state-run oil company, Petrobras. Block 6 covers 5,549 square kilometres in the Mafia basin offshore Tanzania, with a water dep
VIDEO: Island Offshore Takes Delivery of Island Crown Vessel
Island Offshore, a Norwegian owner of offshore support vessel, took delivery of the M/V Island Crown from Vard Brevik today around 13.30. The vessel is a purpose built Walk2Work Maintenance and Subsea Support Vessel outfitted for offshore Inspections, Maintenance and Repairs in addition to general s
Dolphin Gets Loan to Buy Seismic Equipment
Norway’s Dolphin Geophysical, a marine geophysical services provider, has today reached a deal with DNB Bank ASA and Sparebank 1 SR Bank ASA to increase its existing loan with the banks to $55.5 million. Dolphin will use part of the cash to pay for seismic equipment on its vessels Geo Atlantic and P
Lundin Receives Go-Ahead for N. Sea Appraisal Well (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for an appraisal well in the Norwegian sector of the North Sea. Lundin Norway, a subsidiary of the Swedish oil company, Lundin Petroleum, will use the Bredford Dolphin semi-submersible drilling rig for the opera
PSA Lists Knarr FPSO Project Flaws (Norway)
The Petroleum Safety Authority Norway (PSA), from 20 March to 11 April 2013, carried out an audit of Teekay Petrojarl (TKPJ) and the company’s design and construction of Knarr FPSO. The activity covered the areas of process, technical safety, barrier and maintenance management. Objective The objecti
Statoil Sends Students on North Sea Platform
Statoil’s Natural Science Award was presented in Bergen yesterday, 23 May, and 15 students from six upper secondary schools from all over the country were gathered for the grand finale. The competition is a collaboration between Statoil and six regional science centres in Norway. The winners of Stat
Virginia Environmental Group Slams Senators’ Offshore Energy Bill (USA)
After Virginia’s U.S. Senators Mark Warner and Tim Kaine this week introduced a bill that should open up Virginia’s coastline to offshore oil drilling, the state’s environmental group Environment Virginia has responded negatively. Elizabeth Ouzts, Environment Virginia’s Regional Director, in a state
Dutch Doedijns Receives Safety Integrity Level 3 Certificate
Doedijns recently received a Safety Integrity Level 3 (SIL 3) certificate from Lloyd’s Register according to IEC 61508 standards for its complete series Compact Actuators. In recent years, the IEC 61508 standard has provided a more structured approach to both risk assessment and risk-reduction metho
China: CNOOC Successfully Installs Liwan Topsides
China’s national oil company CNOOC has successfully completed the installation of the topsides of the Central Processing Platform at the Liwan field in the South China Sea. China Daily reports that the company Thursday lowered the 30.000 ton topsides on a jacket, previously installed on the seabed.
Rosneft President, Venezuelan Oil Minister Discuss Trade and Economic Cooperation
On the first day of the visit to Venezuela, the head of the Russian delegation Rosneft President Igor Sechin held talks with Venezuelan Oil Minister Rafael Ramírez. Besides, Igor Sechin met Venezuelan Minister of Foreign Affairs Elias Jaua. The parties discussed a wide range of issues regarding deve
UTEC Completes Geotechnical Survey in U.S. Gulf of Mexico
UTEC Geomarine has announced the successful completion of its first ever geoROVTM CPT survey campaign in North America. The geotechnical survey in the Gulf of Mexico was in support of a major pipeline construction project and work comprised of situ testing, interpretation and production of the final