Fossil Energy
EOC: Market for Offshore Construction Services to Remain Buoyant
EOC Limited (EOC or the Group), one of Asia’s leading providers of offshore production services to the oil and gas (O&G) sector, posted a net attributable profit of US$2.1 million on a revenue of US$18.5 million for the first six months ended 28 February 2013 (1HFY13). The Group’s sales were driven
Wison, Black & Veatch Cooperate in Offshore LNG Projects
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the signing of a Memorandum of Understanding with Black & Veatch to jointly pursue barge-based natural gas liquefaction facility projects on an exclusive basis. Under the agreement, Wison will hold responsi
Trapoil: No Significant Hydrocarbons at Scotney Well (UK)
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf region of the North Sea, announces that operations are now being concluded on the Scotney (Licence P.1658, Block 20/5b) exploration prospect. The exploration well was drilled to its
Keppel Delivers Jack-Up Rig to Mexican Client
Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jack-up rig, Papaloapan, to Mexico’s Perforadora Central SA de CV (Perforadora Central) on time, within budget and with a perfect safety record. The rig was christened yesterday at Keppel
New Budget to Boost BSEE’s Offshore Regulatory Programs (USA)
President Obama announced yesterday that he has requested $222.1 million for the Bureau of Safety and Environmental Enforcement (BSEE) for fiscal year 2014, which would provide critically needed resources to strengthen the agency’s offshore regulatory programs. The proposal, which represents a $24.8
CGG: Important Safety Milestones in Arabian Gulf
CGG announced today that three acquisition crews operating in Saudi Arabia on behalf of Saudi Aramco have achieved impressive safety records. Two OBC crews have completed six million and five million man-hours of continuous operations without a Lost Time Incident (LTI) respectively while a third vib
Arctic Offshore Vessel ‘Aleksey Chirikov’ Named in Finland
Arctic offshore vessel NB 507 was named after Russian Navigator Aleksey Chirikov at Arctech Helsinki Shipyard 11 April 2013. The vessel will be delivered to the largest Russian shipping company Sovcomflot the next week and it will continue its path straight to Sakhalin area in Far East Russia, where
Petrofac, DSME Clinch $3.7 Billion Upper Zakum Field Contract
Petrofac has announced that Petrofac Emirates, its Joint Venture with Mubadala Petroleum, has been awarded a contract by Zakum Development Company (ZADCO) for the Upper Zakum, UZ750 field development in Abu Dhabi. The contract is worth approximately US$3.7 billion and has been secured by Petrofac Em
ConocoPhillips Drops Arctic Drilling Plans
ConocoPhillips yesterday announced it will put its 2014 Alaska Chukchi Sea exploration drilling plans on hold given the uncertainties of evolving federal regulatory requirements and operational permitting standards. The company has determined it would not be prudent at this time to make the signific
Apache Makes Gas Discovery Offshore W. Australia
Finder Exploration Pty Ltd has announced that the Olympus-1 exploration well in Exploration Permit WA-450-P, offshore Western Australia, has discovered gas in two zones. The well was drilled to a total depth of 4,540 metres and was plugged and abandoned in accordance with the pre-drill program. The
Centrica Awards Its Largest Ever IRM Contract to Bibby Remote Intervention
Bibby Remote Intervention Limited (BRIL) has successfully secured a contract with the potential of a seven year commitment. Centrica Energy has awarded a three year contract with two, two year extension options, worth up to £40million. It is the largest Inspection, Repair & Maintenance (IRM) contrac
Petronas Hires Jack-Up Rig from UMW (Malaysia)
Malaysia’s UMW has today entered into a contract with Petronas Carigali Sdn Bhd for the provision of UMW’s Jack-Up Drilling Rig “NAGA 4” for PCSB’s domestic operations within Malaysian waters for a contract value of approximately USD 157.68 million being consideration for performance of the Scope of
Seadrill Buys More AOD Shares
One of the world’s largest offshore drilling contractors, Seadrill Limited, yesterday acquired additional 14,153 shares of Asia Offshore Drilling Limited (AOD). The shares were acquired at price NOK28.70 per share. Following this acquisition, Seadrill will be the owner of 39,739,547 shares in the Co
Rocksource Spuds Storbarden Well (Norway)
Rocksource has announced that drilling of the Storbarden well in PL 506S in the Norwegian sector of the North Sea has started. This marks the return to drilling for Rocksource, and the first of five wells that the Company currently has lined up for drilling over the next two years. Storbarden has be