Fossil Energy
Lundin’s Johan Sverdrup Appraisal Well Encounters 30m Oil Column
Swedish Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway has announced that the Johan Sverdrup appraisal well 16/3-5 located in PL501 has encountered a 30 meter gross oil column in Upper Jurassic sandstone and Permian Zechstein Group carbonate reservoir. The w
Serica Issues Tender Documents for Columbus Development
Serica Energy plc announces the issue of tender documents for development of the North Sea Columbus field. The Field Development Plan provides for the supply of 51.3 million cubic feet of gas per day at peak to the UK gas market and 3,600 barrels per day of condensate and natural gas liquids (NGLs)
Karoon Provides Drilling Update on Emu-1 Well in Brazil
Karoon Gas Australia Ltd, advises that as at 6:00 hours BRST on the 5th March 2013, the Emu-1 exploration well in the Santos basin, off Brazil, had been drilled to a depth of 2919 mRT. Since the last report, the 20 inch casing was installed then the 17 ½ inch hole was drilled to 2,673 mRT, routine [
Petrobras Fourth Iara Well Encounters Good Quality Oil (Brazil)
Brazil’s state-run oil company Petrobras has confirmed the presence of good quality oil in well 3-RJS-706 (3-BRSA-1132-RJS), located in block BMS-11 of the Iara area, in the Santos Basin pre-salt. The well is 226 km off the coast of Rio de Janeiro and 6 km from the discovery well (1-RJS-656, Iara),
Lundin Charters Two Island Offshore’s PSVs
Norway’s Island Offshore has secured 2 x term contracts with Lundin Norway AS, for the charter of MV Island Crusader and MV Island Contender platform supply vessels. According to the owner, these two vessels of the UT 776 CD(G), set a new standard in the industry as the first offshore supply vessels
Fairmount Delivers La Muralla IV Rig from South Korea to Mexico
Tug Fairmount Glacier has delivered rig La Muralla IV in Bay of Campeche, Mexico. The rig has been towed from Okpo, South Korea, via Sunda Strait and Cape of Good Hope. La Muralla IV is a brand new semi-submersible drilling rig for ultra deep water operations, owned by Mexican Grupo R. The rig is co
Reef Subsea CEO Steps Down
Reef Subsea Group, a subsea service provider, has announced changes to its management and board with immediate effect. Mark Preece is to step down as CEO of the Reef Subsea Group by mutual agreement. “The board has acknowledged and thanked Mr Preece for his efforts in developing and positioning Reef
STX OSV Renamed to VARD
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, has announced that the STX OSV Group of companies will adopt the new brand name VARD. The adoption of the new name, logo and brand identity follows the sale of STX Europe’s majority stak
Sterling Resources Raises $37.5 Mln for Breagh Project in UK
Canadian listed international oil and gas company Sterling Resources Ltd. has closed the first tranche of the private placement portion of its previously announced offering of 73,333,334 common shares in the capital of the Company on a bought deal basis (the “Offering”). Pursuant to the First Tranch
London Offshore Consultants Opens Office in Vietnam
London Offshore Consultants (LOC), the UK-based global marine and engineering consultancy, today announced further expansion in Asia Pacific with the opening of a new office in Vietnam. The new office in the port of Vung Tau, which will formally begin operations in May, will be managed by Kenny Ong,
Spectrum Completes Carmot Acquisition
Spectrum ASA, a seismic specialist listed on the Oslo Stock Exchange, today announced it has completed the acquisition of Carmot Seismic AS and Carmot Processing AS. The acquisition establishes a significant footprint for Spectrum on the Norwegian Continental Shelf adding 3D seismic data cubes cover
POSH, Terasea Form JV Company (Singapore)
Singapore’s PACC Offshore Services Holdings (POSH), through its EPIC division, today announced the formation of a joint venture company POSH Terasea Pte Ltd with Terasea Pte Ltd (Terasea). POSH will contribute to the JV a fleet of five specialized Anchor Handlers (12000BHP to 13500BHP) while Terasea
RWE Pulling Out from Oil and Gas Exploration and Production
Germany’s RWE AG today decided to withdraw from the exploration and production of crude oil and natural gas. Therefore, RWE intends to look at the options for disposing of all of its shares in RWE Dea AG. The planned disposal would be in line with RWE AG’s strategic repositioning. It would also take
Bond Offshore Helicopters Joins Step Change In Safety
Bond Offshore Helicopters Ltd (Bond), one of the UK’s providers of energy support services, has become a full member of Step Change In Safety. Step Change In Safety was founded in 1997 by the principal oil and gas industry trade associations, with the aim of making the UK the safest place to work in