Fossil Energy
Court Approves Ithaca-Valiant Transaction (UK)
The Board of Directors of Valiant Petroleum has announced that the High Court of Justice of England and Wales has today, 18 April 2013, made an order (the “Court Order”) sanctioning the Scheme by which the acquisition of Valiant by Ithaca Energy Holdings (UK) Limited, a wholly-owned subsidiary of It
Deloitte: ‘Brighter summer expected for North Sea after long winter’
The UK’s prolonged winter muted drilling and deals growth in the North Sea after a strong finish to 2012, according to a new report from Deloitte, the business advisory firm, into offshore activity. The report, compiled by Deloitte’s Petroleum Services Group (PSG), tracks upstream activity across No
4th European Well Abandonment Seminar Held in Aberdeen, UK
Oil and gas industry professionals are meeting today at the 4th European Well Abandonment Seminar in Aberdeen, where key information are being given on updated regulations affecting UK and Norwegian operations. This year’s event is hosting keynote speakers Paul Dymond of Oil & Gas UK and Andrew Carr
Second Irish Farm-In for Kosmos Energy
After it was earlier today announced that Kosmos Energy Ltd. had entered into a farm-in agreement with Europa Oil & Gas for Europa’s licences offshore Ireland, Kosmos has confirmed entering into another similar agreement with Antrim Energy Inc. Under the agreement Kosmos will acquire a 75 percent pa
Anadarko Discovers More Natural Gas in Rovuma Basin (Mozambique)
Anadarko Petroleum Corporation today announced the discovery of a new natural gas accumulation fully contained within the Offshore Area 1 of the Rovuma Basin of Mozambique. The Orca-1 discovery well encountered approximately 190 net feet (58 meters) of natural gas pay in a Paleocene fan system. “Dis
PXP Hires Noble’s New Drillships for $1.3 Bln
Noble Corporation today announced that the Company has entered into two three-year term drilling contracts with Plains Exploration & Production Company for the Noble Sam Croft and the Noble Tom Madden, two of Noble’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy In
Balltec Supplies MoorLOK Connectors for Tubular Bells Project, USA
Balltec Ltd, Morecambe,UK, has been contracted by Houston Offshore to supply and install 10 off MoorLOK™ subsea mooring connectors for the Tubular Bells project, located in the Mississippi Canyon area of the Gulf of Mexico. The contract covers the manufacture of 10 off 15,000kN MoorLOK™ connectors f
Bayern Awards Well Management Job to Acona AS
Norway’s Acona AS has been awarded long term Well management agreement with Germany’s Bayerngas. Acona’s planning of the first Bayerngas-well will probably start in the autumn. The agreement also provides Acona opportunity to work for Bayerngas’ operations in the UK. “The agreement consolidates Acon
VIDEO: ‘Lewek Inspector’ Hull Launched in Turkey
Turkish Cemre Shipyard last week hosted a launching ceremony for the hull of the “Lewek Inspector” Diving Support Vessel. At the ceremony, Forland Shipping CEO Arne Magnus Johnsen cut the ribbon with an axe, sending the hull into water. The vessel, ordered by Forland Shipping from Havyard Group last
Parat Hosts Seminar on Tank Heating Solutions for Supply Vessels (Norway)
Parat Halvorsen AS has this week gathered key personnel from the maritime industry to a technical review and discussion of tank heating solutions for supply vessels with NOFO notation. Technical and operational persons from shipyards, shipowners, consultants and the NCA (Norwegian Coastal Administra
Asia Offshore Drilling Takes Delivery of New Jack-Up Rig
Asia Offshore Drilling Limited has taken delivery of the jack-up drilling rig “AOD II” from Singapore’s Keppel shipyard. The ‘AOD II’ will now be mobilised to the Middle East to begin its drilling contract with Saudi Aramco. The contract, which is expected to start by end of June this year, has a mi
Kosmos Farms Into Europa’s Licences Off Ireland
Europa Oil And Gas has announced a farm-in agreement with a subsidiary of the independent oil and gas exploration and production company Kosmos Energy Ltd for its two Licencing Options LO 11/7 and LO 11/8 in the South Porcupine Basin offshore Ireland. Under the terms of the agreement, Kosmos will: *
Wärtsilä:1Q Order Intake Up 22 Pct
Finland’s Wärtsilä expects its net sales for 2013 to grow by 0-10% and its operational profitability (EBIT% before non-recurring items) to be around 11%.
Petronas Not Eyeing OGX Offshore Blocks in Brazil
Malaysia’s state controlled oil and gas company Petronas yesteday issued a statement in response to media writings on the company’s possible acquisition of OGX ’s interest in the Tubarao Martelo oil block in Brazil’s Campos Basin. Petronas denied the media speculation saying: “Petronas has not enter