Fossil Energy
Trapoil Buys More Stake in Surprise/Nutmeg Discoveries
On 1 May 2013, Trapoil agreed to acquire an additional 85 per cent working interest in Licence P.1267 (Blocks 12/25a & 13/21b) containing the Surprise and Nutmeg oil discoveries, from Dana Petroleum (E&P) Limited (“Dana”) in accordance with the terms of the joint operating agreement previously enter
Havyard Orders MacGregor Cranes for Subsea IMR Ship
Two MacGregor cranes will feature on a new subsea IMR vessel being built by Havyard in Norway for diverse deepwater operations off the west coast of Africa In April, MacGregor, part of Cargotec, signed an order with Norwegian shipyard, Havyard Ship Technology AS, for two MacGregor offshore cranes. B
VARD to Build Offshore Tug for Buksér og Berging
Vard Holdings Limited (“VARD”), formerly known as STX OSV, one of the major global designers and shipbuilders of offshore and specialized vessels, has entered into a contract with Buksér og Berging for the construction of one Azimuth Stern Drive (ASD) offshore tug vessel. The vessel is scheduled for
Shell’s CEO to Retire Next Year
Royal Dutch Shell plc today announced that Peter Voser, as Chief Executive Officer, has elected to retire from the Company in the first half of 2014. Peter Voser was appointed CEO with effect from July 2009 and has been an Executive Director since 2004. Shell’s Chairman Jorma Ollila said “Peter’s le
AGR to Manage Genel’s Drilling Ops in Africa
On Wednesday 1st of May 2013 Genel Energy announced the signing of a contract with Noble Corporation for the drilling of its African Offshore drilling campaign, commencing last quarter 2013. Subject to final contract negotiations, AGR will manage the drilling program for the duration of this campaig
NZOG Completes Karoro Seismic Survey (New Zealand)
New Zealand Oil & Gas has announced that acquisition of Karoro 3D seismic in PEP 52593 (Taranga) finished on time and incident free just before midnight last night. The partners in the permit, Octanex and New Zealand Oil & Gas, were required to acquire 225 square kilometres of 3D seismic data in the
KADME Expands its Presence in Brazil
KADME, a leading provider of information management software and services to the oil and gas industry, has signed a contract with IesBrazil to broaden its presence in Brazil. KADME and IesBrazil will present this new partnership at the 13th International Congress of the Brazilian Geophysical Society
Shell 1Q CCS Earnings Up 2 Pct
Royal Dutch Shell today reported first quarter 2013 earnings, on a current cost of supplies (CCS) basis, were $8.0 billion compared with $7.7 billion for the first quarter 2012. First quarter 2013 CCS earnings excluding identified items were $7.5 billion compared with $7.3 billion for the first quar
OTC 2013: Insight to MENA Welcomes Over 1000 Energy Executives
Now in its 16th year, Insight to MENA at OTC, the welcome reception that kicks off the largest energy conference in the world, has become known as fertile ground for fostering relationships and facilitating international deals between companies across the globe. The event, scheduled for May 6th in T
Rowan: Higher Day Rates Boost Revenue
Rowan Companies plc, an international drilling contractor, yesterday reported that for the three months ended March 31, 2013, the company generated net income from continuing operations of $68.1 million or $0.55 per share, compared to $55.5 million or $0.45 per share in the first quarter of 2012. Th
Petrofac Strikes Oil at Cendor, Malaysia
Malaysia’s oil giant Petronas has announced the successful drilling of Cendor Graben-2 appraisal well within Block PM304 offshore Peninsula Malaysia. The well was drilled to a depth of over 1,000 metres and confirmed the presence of oil and some gas-bearing reservoirs. Drilling was undertaken by Pet
Statoil: Lower Output and Reduced Prices Affect 1Q Earnings
Statoil’s first quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. “We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 20
VIDEO: IHC Waterhammer Successfully Used Offshore India
IHC Hydrohammer®, part of IHC Merwede, has successfully used seawater – instead of oil – as a drive mechanism for the offshore installation industry. The company has developed and tested IHC Waterhammer® technology to prepare it for launch to the market. This sustainable product development minimise
Apache Brings Tonto Oil Field to Production (UK)
Apache Corporation has announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24, 2013. Tonto-1, the first producing well, came on stream at an initial rate of 10,346 barrels of oil per day. Apache holds a 100-percent working interest in the To