Fossil Energy
Statoil Gets Approval for Barents Sea Exploration Well
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for wellbore 7220/5-2, cf in the Barents Sea. Well 7220/5-2 will be drilled from the West Hercules drilling facility at position 72° 33′ 40.29″ north and 20° 23′ 54.84″ east. The drilling program for well 72
Northern Petroleum: More Drilling to Be Conducted Offshore French Guiana
Northern Petroleum Plc announces the joint venture decision to extend current drilling operations on the Guyane Maritime permit in French Guiana. The GM-ES-3 exploration well is the second well of a four well exploration drilling campaign that commenced in 2012 to follow up the oil discovery at GM-E
Teekay Offshore Raising Cash to Pay for New Shuttle Tankers
Teekay Offshore GP L.L.C. , the general partner of Teekay Offshore Partners L.P., announced that it intends to issue approximately 2.06 million common units in a private placement to an institutional investor for proceeds of approximately $60 million (excluding its general partner’s proportionate ca
Sterling Raises $225 Mln Through Bond Issue (UK)
Sterling Resources Ltd. has announced the successful placing of the USD 225 million senior secured bond issue (the “Bond”) issued by its UK subsidiary Sterling Resources (UK) Ltd (the “Issuer”). The net proceeds of USD 218.6 million from the Bond will be used (i) to prepay the entire senior secured
Iona Gets Approval for Orlando Field Development (UK)
Iona Energy Inc. yesterday that the Department of Energy and Climate Change (“DECC”) in UK has advised the Orlando joint venture partners that it has approved the Orlando Field Development Plan (“FDP”) submitted by the partners. The Orlando Field is owned by Iona (Operator 75%) and Volantis Explorat
BPZ Energy Updates on Block Z-1 Operations (Peru)
BPZ Energy, an independent oil and gas exploration and production company, yesterday provided an operational update for offshore Block Z-1. For the first quarter ended March 31, 2013, average combined production from the Corvina and Albacora fields at offshore Block Z-1 was 1,491 net (2,924 gross) b
OGX: Technical Issues Affect March Oil Production (Brazil)
OGX Petróleo e Gás Participações S.A. , Brazil’s largest private oil and natural gas exploration company, announces that its March 2013 average oil and natural gas production reached 15.1 thousand barrels of oil equivalent per day (boepd). Of this amount, 8.3 thousand boepd corresponds to the offsho
VIDEO: Iwaki Platform Decommissioning Project (Japan)
Offshore Energy Today is sharing the following video with permission from Constructive Media. The video shows Iwaki Platform Decommissioning Project: This content is available after accepting the cookies. Change cookie-settings View on Vimeo. The Iwaki Platform is located approximately 40km east of
OIS Completes Another Well Abandonment in the North Sea
Offshore Installation Services (OIS), an Acteon company, has successfully completed its sixteenth rigless suspended well abandonment campaign involving multiple operators in the Southern North Sea. The multi-operator model for programmes of this kind can deliver significant customer benefits in term
Wärtsilä Clinches Accommodation Rig Job in China
Wärtsilä, the marine industry’s leading solutions and services provider, will supply a comprehensive, fully integrated power, propulsion and positioning system for a DP3 Dynamically Positioned offshore accommodation rig being built in China. The contract was signed in January with Cosco (Qidong) Off
TE SubCom, Chevron Sign Subsea Cable Deal for Jack & St. Malo Fields (USA)
TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, announced that a contract was signed with Chevron U.S.A. Inc. to connect the Jack & St. Malo offshore facility with an undersea fiber optic communications system in the deepwater U.S. Gulf of Mex
GE Oil & Gas Opens 100 New Positions in UK
GE Oil & Gas yesterday announced that its Subsea Systems business is hosting an invitation-only careers showcase event at its Nailsea subsea controls facility in Bristol this Saturday, April 20. The event comes as GE is looking to fill 100 new positions and is expanding its U.K. subsea production fa
BMT to Provide Caspian Sea Weather Forecasting Services
BMT ARGOSS (BMT), a subsidiary of BMT Group Ltd, has secured a long-term contract to provide an oil major with weather forecasting services for all its North Caspian Sea operations, both offshore and onshore. The scope of BMT’s work includes provision of all forecasting services including Metocean a
Technip to Construct Topside for Petrobras’ FPSO
Technip, leader of a 50/50 consortium with Techint, was awarded by PNBV a substantial contract for the topside construction and integration, the commissioning and start up assistance of the P-76 floating production storage and offloading (FPSO) unit. PNBV is an integral subsidiary of Petrobras S.A.