Fossil Energy
Petronas, Staatsolie Enter PSC for Offshore Block 52 (Suriname)
Staatsolie Maatschappij Suriname NV and the Malaysian national oil company Petroliam Nasinnal Berhad signed a production sharing contract on Friday 26 April 2013 for offshore Block 52. The contract is divided into an exploration, a development and a production phase. In the first phase, which will l
ExxonMobil Recognises Its Employees and Contractors for Safety Achievements (Malaysia)
ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) recently presented awards to its employees and contractors in recognition of their safety excellence during 2012. “Safety is a value that governs everything we do — from our planning and facility construction, to our drills and emergency r
Offshore Safety Watchdog Orders BP to Review Its Risk Management Measures (Norway)
The Petroleum Safety Authority Norway today submitted a notification of order to BP in relation to the oil leak which occurred on the P platform at Ula Field in the southern section of the Norwegian part of the North Sea in September 2012. The oil safety watchdog requested BP to review its managemen
CGG to Spur ViaLogy Growth
ViaLogy announces today that it has signed a Business and Technical Collaboration Agreement with CGG (CGG) of France, one of the world’s largest geosciences companies. It provides ViaLogy with global sales and services locations, access to CGG customers, assistance in scaling ViaLogy’s QuantumRD tec
Hertel Offshore to Construct LQs for Aasta Hansteen Platform
Hertel Offshore has signed a €70 million contract with Hyundai Heavy Industries for the engineering, design and construction (EPC) of the new accommodation for Statoil’s Aasta Hansteen platform, which will be deployed in the northern part of the Norwegian Sea. This is another big Norwegian contract
Glacier Energy Creates 22 Jobs at Its New Wellclad Base (UK)
International oilfield specialist Glacier Energy Services today formally opened the north-east base of its Wellclad business in Boldon – creating up to 22 new jobs in an investment worth more than £325,000 – as part of a major growth plan. Jarrow MP Stephen Hepburn met workers as he opened the offic
Ekofisk Zulu Cost Increase Hits Aker Solutions Earnings (Norway)
Press Release – Aker Solutions has decided to disclose preliminary information on its performance in the first three months of 2013 as the results considerably lag current consensus market estimates. Aker Solutions expects to report revenue of NOK 11.1 billion and earnings before interest, tax, depr
Polarcus Starts Seismic Sweep of Fairfield’s North Sea Block
Fairfield Energy, the North Sea-focused independent oil and gas company, has announced the start of a 400km² Broadband 3D seismic survey over their recently awarded 27th Round Licence P2089 Block 43/28. The survey will be acquired by Polarcus and will fulfil the firm commitment work programme on the
BMT to Showcase Its Offshore Technology Support Services at OTC 2013
BMT Group Ltd (BMT), the leading international maritime design, environmental and engineering consultancy, will showcase its portfolio of offshore technology support services on Booth #2541-C at this year’s Offshore Technology Conference (OTC) exhibition, taking place next week in Houston, Texas. Bu
Songa Offshore: New Appointment to Strengthen Financial Team
Songa Offshore SE, a Cyprus-headquartered drilling contractor, today announced the recruitment of Jan Rune Steinsland as new Executive Vice President of Songa Offshore SE. Steinsland will report to interim CEO Jens A. Wilhelmsen and work alongside CFO Geir Karlsen to strengthen the company’s financi
New Zealand Announces Tender for Oil and Gas Exploration Permits
New Zealand’s Energy and Resources Minister Simon Bridges today announced details of the Government’s second round to attract competing bids for oil and gas exploration permits. Speaking at the Advantage NZ: 2013 Petroleum Conference, Bridges said Block Offer 2013 is an important step towards realis
Petrobras Domestic Production in March Down 2.8%
Brazil’s state-run oil and gas company Petrobras has announced that, in March, total oil and natural gas production in Brazil averaged 2,247 thousand barrels of oil equivalent per day (boed). Including the share operated by the company for its partners, total production was 2,345 thousand boed, down
Rocksource: Storbarden Well Comes Up Dry (Norway)
Rocksource-operated Storbarden exploration well on PL 506S in Norway has not encountered hydrocarbons and the well is to be plugged and abandoned. The drilling rig “Borgland Dolphin” has completed drilling of the main reservoir and the secondary target at the high risk Storbarden prospect in PL 506S
Top News of the Week April 22 – 27,2013
*Petrobras Inks Deals for 23 OSVs. 24 More to Come (Brazil) *Saipem Scoops $500 Mln in Offshore Contracts in Latin America *Aibel Reveals Name of Worker Killed in Yard Accident