Fossil Energy
Nido, Viking Cease Talks for SC54 A Farm-In (Philippines)
Nido Petroleum Limited has ceased negotiations with Viking Energy Holdings 2 Limited (Viking) in relation to a potential farm-in in respect of Service Contract 54A, offshore Philippines. Nido and the SC 54A Joint Venture Participants are continuing to work with the SC 14A Joint Venture in relation t
AMEC Bags Clair Ridge HUC Gig (UK)
AMEC, the international engineering and project management company, has been appointed by BP and its co-venturers, Shell, ConocoPhillips and Chevron, to deliver the hook up and commissioning services (HUC) for the two new Clair Ridge platforms. The work, which is scheduled to run through to March 20
Singapore’s Temasek in Repsol Swoop
Temasek, from Singapore, has acquired the treasury shares currently held by Repsol, amounting to 5.04% of the company’s stock. The agreement comprises the purchase of 64.7 million Repsol shares from the company’s treasury stock, at 16.01 euros per share, representing a 1.036 billion euro payment to
Eni Needs More Time to Decide on Heron Drilling (Australia)
MEO Australia Limited advises that it has agreed to further extend the deadline date for Eni to elect to drill a second Heron well, offshore W. Australia, from 1st March 2013 to 22nd March 2013. Discussions are underway for a more substantial deferral to allow for additional studies to be completed
Lamprell Welcomes New CEO
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that, further to its announcement of 3 December 2012, James Moffat has now taken up his role as Chief Executive Officer (CEO) for the Grou
TAQA: Hydrocarbon Release at Cormorant Alpha
TAQA, the global energy company based in Abu Dhabi, can confirm that a hydrocarbon release was detected in one of the Cormorant Alpha platform legs in the northern UK North Sea. It has now been contained with no further hydrocarbon release. The release remained within the platform leg and no hydroca
Repsol Starts Drilling at Darwin Prospect (Norway)
Faroe Petroleum, the 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 spudding of the Darwin exploration well (7218/11-1) (Faroe 12.5%). The Darwin prospect is located on the
Top News of the Week Feb 25 – Mar 2, 2013
Read Top News of the Week Feb 25 – Mar 2, 2013
Petrobras Working to Resolve Marlim Oil Leak (Brazil)
Brazil’s government-controlled oil and gas company Petrobras on Saturday announced it has achieved positive results in containing an oil leak at its Marlim field, in the Campos basin, offshore Brazil. The leak was first spotted Thursday, some 172 km off the coast of Macae. After an inspection, Petro
Production Starts from Centrica’s York Offshore Platform (UK)
UK’s Centrica Energy today announced that production had started from its York platform in the North Sea. The field, 100% owned by Centrica Energy Upstream (CEU), will produce around 120 million cubic feet (mmscfd) of gas per day at its peak. Gas will be exported via pipeline to CSL’s terminal in Ea
Mcdermott Profits on the Rise
McDermott International, Inc. has reported net income of $40.5 million, or $0.17 per diluted share, for the 2012 fourth quarter. The results of the 2012 fourth quarter compare to income from continuing operations of $9.3 million, or $0.04 per diluted share, in the corresponding period of 2011. Weigh
Keel Laying Held for Hoegh FSRU in South Korea
An important milestone was reached at the keel laying of hull number 2548 at Hyundai Heavy Industries in South Korea on 27 February 2013. The floating storage and regasification unit (FSRU) being built will be used as a floating LNG import terminal in Indonesia. The term of the contract with Perusah
NPD: Norway’s Recoverable Resources Increased
The Norwegian Petroleum Directorate’s (NPD’s) resource account shows that the total recoverable petroleum resources are estimated at 13.6 billion standard cubic meters of oil equivalents (scm o.e.). New areas for southeastern Barents Sea and Jan Mayen are not included in the petroleum resource accou
Helix Makes Management Changes (USA)
Helix Energy Solutions Group, Inc., a U.S.-based provider of subsea construction, inspection, maintenance, repair and salvage services to offshore natural gas and oil industry, has announced that effective March 1, 2013, Lloyd Hajdik will resign as Chief Accounting Officer of the Company to pursue c