Fossil Energy
CAPP: Five Oil Companies Awarded for Innovative Projects (Canada)
The Canadian Association of Petroleum Producers yesterday presented recognition awards to five oil and natural gas companies for innovative environmental, safety and social projects that demonstrate responsible resource development. “Canada’s oil and natural gas industry delivers energy to Canada an
Farstad Secures Multiple OSV Charter Deals
Farstad Shipping ASA, a Norwegian owner of offshore support vessels has secured multiple charter contracts worth NOK 225 Million (USD 38,5 million). The company has been awarded a new four month contract with four monthly options by Statoil for the PSV Far Solitaire (2012, UT 754 WP, 5,800 DWT). Com
Shell Expands GoM Portfolio with 38 Blocks (USA)
Shell continues to build upon a strong position in the Central Gulf of Mexico and it was the apparent high bidder on 38 offshore blocks during yesterday’s US Bureau of Ocean Energy Management (BOEM) Lease Sale 227. Shell bid on a total of 43 blocks and exposed approximately $166 million. Shell was t
Caterpillar Powers CNOOC’s Platform and FPSO in Enping Field (China)
Caterpillar Global Petroleum announced Cat® 16CM32C generator sets have again been selected to provide main power for a fixed platform and FPSO slated to operate in the Enping Oilfield. Four 16CM32C generator sets will be installed on the fixed drilling production platform; the remaining four will b
INPEX Successfully Bids for West Sebuku Block Offshore Indonesia
Japan’s oil and gas company INPEX has announced that it was successful in the 2012 Petroleum Licensing Round in Indonesia and awarded the West Sebuku Block (the Block) jointly with Mubadala Petroleum. INPEX and Mubadala will further negotiate with the Indonesian Government to conclude the terms and
Contango High Bidder for Three GoM Blocks
Contango Oil & Gas Company announced yesterday that the Company’s wholly-owned subsidiary, Contango Operators, Inc., was the apparent high bidder on each of the three lease blocks, representing two prospects, bid at the Central Gulf of Mexico Lease Sale 227 held on March 20, 2013. The Company bid a
Havyard to Build Iceland’s First Platform Supply Vessel
Yesterday at the Fosnavåg Shippingklubb Cod Dinner the Foreign Minister of Iceland, Dr. Össur Skarphéðinsson announced that Fafnir Offshore, an Icelandic oil service company, had contracted HAVYARD GROUP to build and deliver Iceland’s first platform supply vessel. The Foreign Minister stated that Ic
Niko Resources: Encouraging Results from Cikar-1 Well (Indonesia)
Niko Resources has announced that the Cikar-1 exploration well, located in the West Papua IV block in eastern Indonesia, has been drilled to a depth of 14,431 feet and temporarily suspended after encouraging initial results. The company said that the suspension would allow Niko to return to the well
Spectrum, EMGS Work Together in Foz do Amazonas Basin (Brazil)
Spectrum and EMGS have entered into a cooperation agreement in the Foz de Amazonas basin in Brazil. Spectrum already has over 21,000 kilometers of MC 2D seismic data coverage of this highly prospective area of the equatorial margin. EMGS has been given access to this data for planning and improved i
SCF’s Arctic Offshore Vessel ‘Aleksey Chirikov’ Starts Sea Trials
Arctic offshore vessel Aleksey Chirikov has left on sea trial for four days on 19 March 2013. Arctech Helsinki Shipyard is building two identical offshore icebreaking supply vessels for Russias largest shipping group Sovcomflot (SCF Group). The first vessel of the serial, Vitus Bering, was delivered
Statoil Clinches 15 Leases in U.S. Gulf of Mexico
Statoil was the highest bidder on 15 leases in the central region U.S. Gulf of Mexico lease sale yesterday. With the addition, Statoil will control more than 340 leases in the Gulf of Mexico, further securing its significant lease holder position. “We are pleased with today’s outcome,” says Erik Fin
Energy XXI, Apache Enter GoM Exploration Pact
Energy XXI has entered into an agreement with Apache Corp. to explore for oil and gas pay sands associated with salt dome structures on the central Gulf of Mexico shelf. The area of mutual interest (AMI) includes several salt domes within a 135 block area. In addition, Energy XXI has acquired a 25 p
BG, Halliburton, Shell Charter SOFF’s PSV Trio
Norway’s owner of offshore support vessels Solstad Offshore (SOFF) has entered into contracts for three of the company’s Platform Supply vessels ( PSV) . The total value of the firm part of the contracts is approximately NOK 170 million (USD 29 million). BG Norge, a subsidiary of UK’s gas giant BG G
Ivanhoe, SBM Offshore to Develop FPUSO Vessels
Ivanhoe Energy and SBM Offshore have formed a global strategic alliance (Alliance), combining their respective expertise to create Floating, Production, Upgrading, Storage and Offloading vessels (FPUSO’s). The two companies have combined their respective technologies and experience to produce a firs