Fossil Energy
MHB Holds Strategic Dialogue with Contractors (Malaysia)
Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB), wholly-owned subsidiary-Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), recently held a strategic dialogue with more than 50 of its top – performing contractors and vendors working for various divisions of MMHE such as the Offshore
Providence Resources: Barryroe Holds 346 MMBOE (Ireland)
Providence Resources P.l.c., (‘Providence’) the Irish oil and gas exploration and development company, whose shares are quoted in London (AIM) and Dublin (ESM), has provide a resource update on the Barryroe oil field in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryroe
Lundin Petroleum: Drilling Starts in PL495 (Norway)
Swedish oil and gas exploration and production company Lundin Petroleum announced that drilling of exploration well 7/4-3 in PL495 offshore Norway has started. The well will target the Carlsberg prospect, which is located some 24 km north of the Lundin Petroleum operated Brynhild field in the North
Coast Guard: Endeavour Jack-Up Allowed to Operate in U.S. Waters
Buccaneer Energy has advised that the Endeavour jack-up rig has received the Certificate of Compliance from the United States Coast Guard (“USCG”). The USCG Certificate of Compliance certifies the rig is able to operate safely within United States waters. The Endeavour is owned by Kenai Offshore , a
BSEE Releases Improved Worplace Safety Rules for Offshore Oil & Gas Industry (USA)
As part of the Bureau of Safety and Environmental Enforcement’s (BSEE) commitment to promoting offshore safety at all levels, at all times, Director Jim Watson yesterday announced another step in a series of efforts to further identify, address and manage operational safety hazards and impacts, with
Karoon Clears Way for ConocoPhillips-PetroChina Deal (Australia)
KaroonGas Australia pre‐emptive rights WA‐315‐P and WA‐398‐P Karoon Gas Australia Ltd has notified ConocoPhillips of its intention not to exercise its right to pre‐empt the proposed sale by ConocoPhillips of a 20% interest in Browse Basin exploration Blocks WA‐315‐P and WA‐398‐P to Chinese National
KBR Designs Topsides for Lianzi Offshore Project (Angola)
KBR has been selected by Subsea 7 to perform the topsides design for the Chevron Lianzi development project in a unitized offshore zone between the Republic of Congo and the Republic of Angola. KBR will provide laser scanning of the entire Benguela Belize Lobito Tomboco topsides, FEED verification,
BP Hires Helix’s Q5000 Semi (USA)
Helix Energy Solutions Group, Inc. announced today that it has entered into a five-year contract with BP to provide well intervention services to BP in the US Gulf of Mexico with Helix’s deepwater well intervention semisubmersible vessel, the Q5000, currently being constructed in Singapore. The cont
DUC to Invest $800 Mln in New Danish North Sea Platform
A new unmanned platform in the Danish North Sea has been approved by partners of the Danish Underground Consortium (DUC). The USD 800 million investment is expected to add reserves and resources of 50 million barrels of oil equivalent over the next 30 years to the Danish production. “The expansion o
BP Encounters Gas Condensate at North Uist (UK)
Faroe Petroleum, an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, has announced the results of the North Uist exploration prospect west of Shetland (Faroe 6.25%). The 213/25c-1V exploratio
SOCAR, Statoil to Jointly Develop Zafar-Mashal Field (Azerbaijan)
Azerbaijan’s state-controlled oil company SOCAR and Norway’s Statoil have reportedly signed an agreement for joint development of Zafar-Mashal field in the Caspian Sea. Trend.az has reported the news, citing an unnamed source. The source told the Azeri news agency that the deal is expected to be sig
NZOG Starts Kokako Seismic Survey (New Zealand)
Octanex N.L. has announced that a 3D seismic survey, to acquire approximately 590km2 of new 3D data from within and adjacent to PEP 53473 (Permit), has commenced. The survey has been named Kokako. The Company’s 50% interest in the Permit is held by its wholly-owned subsidiary, Octanex NZ Limited (Oc
Floatel to Use Private Placement Cash for Newbuild Program and Capex Increase
Swedish owner of offshore accommodation facilities, Floatel International, is contemplating a private placement of approximately USD 150 million through the issuance of new shares in Oslo directed towards Norwegian and international investors. “The Private Placement will further strengthen Floatel I
Noble Confirms Tamar Gas Flows (Israel)
After several media have reported that natural gas from Tamar field, offshore Israel, had started flowing last Saturday, Noble Energy, operator of the field today confirmed the information. In its press release, the U.S.-based company said that the field has been successfully brought online with all