Fossil Energy
Repsol Signs Exploration Deal with Guyana Gov’t
Spanish oil company Repsol has signed an exploration and production agreement with the Government of Guyana. The four-year agreement, signed yesterday, will allow Repsol to search for hydrocarbons in the Kanuku block, approximately 161 km offshore Guyana, the only South American nation in which Engl
APPEA: Tax Changes Will Hurt Australia’s Oil & Gas Industry
Australian oil and gas industry has slammed tax changes introduced yesterday by the Federal Government in Australia. “Tax changes included in Australia’s Budget for 2013 that affect exploration costs and thin capitalisation rules will hurt the oil and gas industry’s international competitiveness. As
Deep Sea Supply Cautiously Optimistic. Sees Opportunities in W. Africa and Asia
Deep Sea Supply reports consolidated revenues of MUSD 38.7 in 1Q 2013 compared to MUSD 21.4 in 1Q 2012. Total operating expenses in 1Q 2013 were MUSD 23.3 compared to MUSD 17.7 in 1Q 2012. This resulted in EBITDA of MUSD 16.7 in 1Q 2013, compared to MUSD 4.9 in 1Q 2012. Following financial expenses
Santos Updates on Winchester Prospect Drilling (Australia)
Santos Offshore Pty Ltd, the Operator of the Winchester-1 exploration well being drilled in the Dampier Sub-basin permit WA-323-P , offshore Australia, has announced that at 06:00 hours (WST) on Tuesday, 14 May 2013, the well was at a depth of 2875m MDRT (measured depth below rotary table) and is ap
Tidewater Buys Troms Offshore for $395 Million (Norway)
Tidewater Inc., through a wholly-owned subsidiary, has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS for approximately $395 million. The acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand Tidewater’s global footprint into the Norwegian secto
Statoil Clinches Six New Licences Off Brazil
Statoil was the highest bidder on 6 licenses in the 11th Round, the first licensing round in Brazil since December 2008. With the new licenses, Statoil has strengthened its position in the Espirito Santo basin. The award in Brazil’s 11th licencing round reflects Statoil’s extensive application and a
Chariot Secures 4 New Blocks Offshore Brazil
Chariot Oil & Gas Limited has announced that the Company has, subject to final contract, been successful in its bids for a 100% interest and operatorship in four shallow-water exploration licences, BAR-M292, BAR-M-293, BAR-M-313 and BAR-M-314, in the Barreirinhas basin, offshore Brazil. The acreage
Lundin Gets Nod for Exploration Well in Norwegian North Sea
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/2-20, in the Norwegian sector of the North Sea. Well 16/2-20 will be drilled from the Island Innovator drilling facility at position 58°56’25.80’’ north and 02°25’34.09’’ east in production licence 501. Th
Air Products to Supply Nitrogen Gensets for Ichthys LNG Project
Air Products has signed an important supply agreement with leading shipyards Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME). The contract covers delivery of nitrogen generator sets for use on the large-scale Australian offshore Ichtys LNG Project, and confirms
IEV Prevents Marine Growth on Platforms in India
IEV Holdings Limited has achieved a new record in securing a contract for the supply of its proprietary Marine Growth Preventer (“MGP”) products valued at a total of approximately USD 1.45 million (“Contract”). The Contract is the single largest order for MGP products secured by the Group to date. I
KCA Deutag, EEP Shipyard Cooperating in Drillships Construction
RDS, the drilling facilities engineering division of KCA Deutag, announced it has signed a contract with Estaleiro Enseada do Paraguacu (EEP Overseas Limited), a newly established Brazilian shipyard. This contract signifies the first project between RDS and EEP. RDS’ core business is to deliver a co
Statoil Hires Noble’s Jack-Up Rig for Mariner Field in UK
Noble Corporation has been awarded a drilling contract by Statoil for a newbuild ultra-high specification jack-up for use in the United Kingdom sector of the North Sea. The initial contract is for four years and is anticipated to commence during the third quarter of 2016. The total estimated value o
EPC Offshore Invests in New Office to Increase Workforce (UK)
Project management and concept development specialist EPC Offshore has invested £2million in a new Aberdeen office in a strategic move which will enable the company to recruit more staff, expand its service offering to clients and reaffirm its commitment to the region. The organisation has agreed a
ABB to Deliver Subsea Transformers for Åsgard Field (Norway)
Subsea transformers are an ABB innovation. Deployed in extreme conditions in ultra-deepwater, these high-tech workhorses provide the power for heavy-duty equipment on the sea floor – enabling declining oil and gas fields to be more productive and making new deepwater fields accessible. ABB has deliv