Fossil Energy
Wintershall Makes Gas Discovery Offshore Qatar
Qatar Petroleum (QP) and Wintershall announced today that they have made a gas discovery in exploration Block 4 North, offshore Qatar. Qatar Petroleum representing the Government of the State of Qatar and Wintershall entered into an Exploration and Production Sharing Agreement (EPSA) for Block 4 Nor
ExxonMobil Starts Pumping Gas from Telok Field Off Malaysia
ExxonMobil Exploration and Production Malaysia Inc., a subsidiary of Exxon Mobil Corporation, began natural gas production from the Telok field, located offshore Malaysia in the South China Sea. The Telok A platform marks the first phase of the Telok gas development project and was developed under a
Oceaneering Sets ROV Ultra Deepwater Drill Support Depth Record Offshore India
An Oceaneering® Magnum® Plus work class Remotely Operated Vehicle (ROV) has set a new ROV ultra deepwater drill support depth record offshore India while working at 10,385 feet water depth (3,165 meters). Magnum 169 is supporting drilling operations onboard rig Dhirubhai Deepwater KG1 (DDKG1) for ON
Black Elk Energy Secures $50 Mln for GoM Exploration
Black Elk Energy Offshore Operations, LLC, an independent oil and gas company, announced the completion of a significant financial agreement with a New York-based hedge fund Platinum Partners Value Arbitrage Fund L.P. (“Platinum”). The new fund is a $50 Million preferred equity commitment to Black E
Lundin Discovers Oil Offshore Malaysia
Swedish oil company Lundin Petroleum AB has discovered oil in the Ara-1 well that was drilled in Block PM308A, offshore Peninsular Malaysia. Ara-1 was drilled to a total depth of 4,030 metres by the jackup rig West Courageous in 75 metres water depth. The objective of the well was to target the exte
VIDEO: BP’s Bob Dudley Speaks at IHS Ceraweek
Watch the full video of a speech BP’s CEO Bob Dudley delivered at last week’s IHS Ceraweek. The speech titled: “Challenging Opportunities: The US, Russia and the World’s Energy Journey” covered developments in US energy trends and the challenges that lay ahead while focusing on the importance of the
Production Resumes from Elgin/Franklin Area (UK)
French oil major Total announces the restart of production on the Elgin/Franklin area in the UK North Sea on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE). Production resumes gradually and should soon reach close to 70,000 barrels of oil equivale
New AHTS Orders Revive Otto Marine’s Shipbuilding Business
Singapore’s Otto Marine Limited has announced that its subsidiary, PT Batamec Shipyard Indonesia, has entered into a shipbuilding contract with a renowned Indonesian operator to build two units of 5150 HP Anchor Handling Tug Supply (“AHTS”) vessels for an agreed price of US$27.8 million. Michael See
Rocksource to Drill Wildcat in PL 506 S (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Rocksource Norway AS a drilling permit for well 26/5-1, in the Norwegian sector of the North Sea. The well be drilled from the Borgland Dolphin drilling rig at position 59°40’18,91” north and 3°38’35,70” east following completion of drilling for
Apply Oil & Gas to Build Living Quarters for West Epsilon Rig
North Atlantic Drilling has awarded Apply Oil & Gas (AOG) a contract for the construction of 20 new single occupancy cabins on board the West Epsilon jack-up rig. Apply AOG received the letter of intent in the beginning of January and engineering work started immediately. Vice president for AOG, Mor
Shell, John Crane Enter 5-Year Framework Agreement
John Crane, announced Friday that Shell has awarded it a five-year Enterprise Framework Agreement (EFA) to supply products and services for Shell’s upstream, midstream and downstream oil and gas operations worldwide. Under the global agreement, John Crane will be a key supplier of mechanical seals a
Top News of the Week March 4 – 9, 2013
Top News of the Week March 4 – 9, 2013
DVB Manager: Large PSVs Ovebought
In a build-up to next month’s SEA ASIA conference and exhibition in Singapore, Geir Sjurseth, Managing Director & Global Head, Offshore Support Group, and General Manager, DVB Group Merchant Bank (Asia) Ltd, who will sit on a specialist offshore marine forum at the event, has given this bullish outl
Odfjell Drilling Provides Engineering Services for Lundin
Lundin Norway AS has awarded Odfjell Drilling a frame agreement for engineering services. The first project comprises verification of the rig Safe Boreas which is under construction. “We are pleased to announce the award of an engineering frame agreement with Lundin Norway which we see as a very att