Fossil Energy
Newfield Reports Largest Gas Discovery in Company’s History (Malaysia)
Newfield Exploration Company yesterday announced a significant natural gas discovery on the Block SK 310 Production Sharing Contract (PSC) area, located 50 miles offshore Sarawak in approximately 250 feet of water. This is the Company’s second pinnacle reef natural gas discovery in the region. The B
GE Provides Drillship Propulsion Systems for Brazilian Offshore O&G Market
In the last 12 months GE has won contracts valued at more than $600 million to provide propulsion systems with customers leading the pre-salt oilfield expansion off Brazil’s east coast.
CGG Starts Multi-Client Survey Offshore Norway
CGG announced today that it has started acquiring Phase 1, known as Halten Terrace, of its Steppingstone BroadSeisTM 3D multi-client survey program offshore Norway. This is the first time CGG has acquired a 3D multi-client survey in the Norwegian North Sea using its proven broadband marine solution
Canada: Terra Nova Field Reserves Increase
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has completed a reassessment of the oil, gas and natural gas liquids (NGLs) reserve and resources estimates for the Terra Nova field and has revised the current estimates. Reserve and resources estimates are reviewed and updated
IDE to Deliver Modular Offshore Rig Packages to Pemex
Empeiria Acquisition Corp. and its wholly owned subsidiary, Integrated Drilling Equipment Company Holdings, LLC (“IDE”) has been awarded contracts by PEMEX Exploration and Production to deliver four state of the art modular offshore platform rig packages with an aggregate contract value in excess of
Kreuz Wins Subsea Installation Contract (Singapore)
Singapore’s Kreuz Holdings Limited , an integrated subsea service provider for the oil and gas industry, today announced that it has secured a subsea installation contract in 2013 worth approximately US$25.0 million from a third-party client, who is a leading offshore contractor in the oil and gas i
LLOG Hires Sevan Louisiana Rig
Sevan Drilling has confirmed that a three-year charter contract for operation in the US Gulf of Mexico now has been entered into between one of its wholly owned subsidiaries and LLOG Bluewater Holdings LLC. Sevan Drilling rig no 3 which will be named Sevan Louisiana, which is currently under constru
Oil Firms Welcome UK’s Decision on Easier Foreign Workers Employment
Oil and gas companies facing a chronic skills shortage have received a boost with news that the UK Government is to relax the rules on employing engineers from outwith Europe. Twenty new engineering job categories are to be added to an exemption list which should make it easier for businesses to bri
ProSep to Supply Produced Water Treatment System for GoM FPSO
ProSep Inc., a company dedicated to providing process solutions to the oil and gas industry, today announced it was awarded a contract for the supply of a produced water treatment system valued at approximately $1.3 million, for installation on a floating production storage and offloading (“FPSO”) v
Boweven CEO: “Results from the IM-5 well continue to please” (Cameroon)
Bowleven, the Africa focused oil and gas exploration group traded on AIM,has announced the preliminary results of the first test at the IM-5 appraisal/development well drilling offshore Cameroon. A Drill Stem Test (DST) was performed on the Middle Isongo interval and preparations are now underway to
Premier Oil Extends WilPhoenix Rig Contract (UK)
Premier Oil UK Limited has exercised its option to extend the term of its drilling contract with Awilco Drilling PLC for the WilPhoenix rig. This option is for a period of approximately 70 days commencing in March 2014 and has an estimated additional contract value of USD 22 million. WilPhoenix is o
API: New Oil and Gas Drilling Standards Published
API Director of Standards David Miller announced yesterday the publication of two new oil and natural gas industry standards for well design and drilling operations. “Every industry standard we develop shares the goal of safely and responsibly producing more of the energy America needs,” said Miller
Shah Deniz Partners to Make Pipeline Decision in June (Azerbaijan)
The Shah Deniz consortium, which operates Azerbaijan’s largest offshore gas field, has begun evaluating final offers it has received from the Nabucco Gas Pipeline International and Trans Adriatic Pipeline (TAP) for transportation of Shah Deniz Stage 2 gas to Europe. The submissions allow the Shah De
ADMA-OPCO Awards Petrofac a $500 Mln Offshore EPIC Job (UAE)
Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, offshore Abu Dhabi. The US$500 million competitively tendered contract will commence shortly and will