Fossil Energy
Lamprell: 1Q in Line with Expectations
Lamprell, a provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, has issued its latest Interim Management Statement in accordance with the EU Transparency Directive. This statement covers the period from 1 January 2013 to
Hess, Elliott Resolve Proxy Contest (USA)
Hess Corporation, a New York-based oil and gas exploration firm, has announced that it has reached an agreement with Elliott Management to resolve its proxy contest. Under the terms of the agreement, Elliott will withdraw its slate of five director nominees and support the election of Hess’ five new
Petrobras Nets 34 Exploration Blocks Offered in 11th Licensing Round (Brazil)
Brazil’s state run oil and gas company Petrobras has acquired the most blocks offered in the 11th Bid Round held by the National Petroleum Agency (ANP). Petrobras bought, whether on its own or in partnerships, 34 of the 289 blocks offered in the bid. It also secured, in its technicians’ opinions, th
COSCO Heavy Transport Opens Rotterdam Office
COSCO Shipping Europe B.V. held its official opening ceremony in its Rotterdam offices at Strevelsweg 700 on Tuesday the 14th of May 2013. COSCO Shipping Company’s CEO, Capt. Han Guomin, had specially flown in from Guangzhou to chair the event which was attended by clients of his company’s fleet of
Rosneft, Petrovietnam to Expand Cooperation
OJSC Oil Company Rosneft (Rosneft) and Vietnam Oil and Gas Corporation “PetroVietnam” (PetroVietnam) have signed a Memorandum of Understanding (MOU) in Sochi to strengthen cooperation between the two oil and gas companies. The MOU – signed by Rosneft President and Chairman of the Management Board Ig
Well Interventions Boost Yolla A Production (Australia)
AWE Limited has been advised by the Operator, Origin Energy, that the Yolla-A platform, located in the Bass Strait, offshore southern Australia, has achieved significant production improvement as a result of successful well interventions and is currently producing gas at rates of approximately 57 Tj
Noble Energy Strikes Gas at Karish Well (Israel)
Noble Energy has encountered ‘significant traces of natural gas’ at its Karish prospect, in the Mediterranean sea, offshore Israel. The well, located in the Alon C license, 75 kilometers north west of Haifa, has today reached a final depth of 4,790 meters below sea level (including the depth of the
FMC to Supply Subsea Systems for Exxon’s Julia Development
FMC Technologies, Inc. announced today that it has received a subsea equipment order from ExxonMobil for its Julia development. The Julia field is located in the Gulf of Mexico Walker Ridge area in approximately 7,000 feet (2,100 meter) water depth. FMC Technologies’ scope of supply includes six sub
Northern Offshore 1Q Profit at $1.1 Mln
Northern Offshore, a Bermuda-registered company providing drilling units to the international oil and gas industry, has reported net income for the three months ended March 31, 2013 of $1.1 million, or $0.01 per diluted share, on revenues of $41.4 million. The company generated $9.8 million of first
Ecopetrol Highest Bidder for Three Blocks Offshore Brazil
Columbia’s oil company Ecopetrol S.A. has submitted the highest bids for three exploratory blocks in the 11th Bidding Round carried out yesterday by the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis or ANP of Brazil in Rio de Janeiro. Ecopetrol has a 100% interest in the highest bids f
Keppel Delivers Laurus Jack-Up Rig to Oro Negro (Mexico)
Keppel FELS has delivered a second KFELS B Class jackup rig to offshore Mexican oil field services company, Integradora de Servicios Petroleros Oro Negro (Oro Negro). Named Laurus at Keppel FELS today, the rig was delivered eleven days early and with a perfect safety record. Laurus is the second of
Atlantic Offshore: ‘Ocean Troll’ is UK’s Most Powerful EERV
Aberdeen-based standby vessel operator Atlantic Offshore Rescue has commissioned what will be the UK’s most powerful emergency response and rescue vessel (ERRV). The Ocean Troll – which recently completed a long term charter with Statoil – has undergone a £2million conversion and overhaul at MMS in
10 Exploration Licenses for Total in Brazil
French oil major Total announces that it has been awarded 10 new exploration licenses during Brazil’s 11th bid round. Total will be the operator with 40% interest in five blocks situated in the Foz do Amazonas basin (FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127) and with 45% interest in one
DSME Orders Kongsberg Equipment for Transocean Drillships
Norway’s KONGSBERG has been awarded a significant offshore automation contract with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned new-build drillships, with an option for KONGSBERG to deliver products and services for six more