Fossil Energy
Genel Buys 75 pct in MOG’s Phoenicia
Mediterranean Oil & Gas Plc has completed the sale of 75% of MOG’s shareholding in its wholly owned subsidiary, Phoenicia Energy Company Ltd (“PECL”), to Genel Energy plc (“Genel”). PECL owns the rights to exploration activity in Malta Offshore Area 4. Under the terms of the sale agreement Genel has
Ithaca to Buy Valiant for $309 Mln
Ithaca Energy today announced it has reached agreement under which it will acquire Valiant Petroleum for £203 million (equivalent to approximately US$309 million) The Acquisition is anticipated to result in the establishment of Ithaca as a leading mid cap North Sea oil and gas operator, with 2P rese
Apache Kills Gas Leaking Well (USA)
On Feb. 28, Apache reported that well control operations at Main Pass 295 have been successfully completed. The bottom of the well has been plugged and cemented and the migration of natural gas to another sand formation (which was occurring approximately 1,100 feet beneath the seafloor) has been sto
Gassco Gets Clearance to Scrap H7 Platform from German North Sea
Gassco AS (Gassco) has received consent for disposal of the H-7 facility. The H-7 facility is located in the German sector of the North Sea and was used as a compressor platform along the Norpipe pipeline from 1977 to 1999. The facility will now be disassembled and removed from the site. Operating c
GDF SUEZ, BG Norge Pen Helicopter Contracts
On Thursday 28 February GDF SUEZ and BG Norge signed a long-term contract for the use of helicopter resources from Florø. Under the agreement, BG will use the helicopter which GDF SUEZ has on contract with CHC Helicopter Service. At most, BG will need up to ten trips per week to the Knarr field in [
Mubadala Hires Songa Venus Rig
Cyprus’ drilling contractor Songa Offshore has entered into a contract extension and farm out agreement for Songa Venus rig with Mubadala Petroleum from the current contract with Petronas. The extension will cover a total of four firm wells in Vietnam and Malaysia under the current contract terms an
2H Offshore Designs SCRs for Exmar OPTI-11000 Semi-Submersible (USA)
2H Offshore Inc., an Acteon company, has recently been awarded a Steel Catenary Riser (SCR) detailed design project with LLOG Exploration Company. The SCRs will be the first attached to the Exmar OPTI-11000 semi-submersible. The scope of work includes the provision of detailed design of the producti
Petrobras Reports Record Production from Pre-Salt Fields
Petrobras announces that oil production on February 20th in Petrobras-operated fields in the pre-salt areas of Campos and Santos Basins reached the 300,000 barrels of oil per day (bpd) mark. Of this total, 83% (249,000 bpd) of the total relates to Petrobras’ share while the remainder corresponds to
Total Buys 6 Pct in Ichthys Project from INPEX
Japan’s INPEX and France’s TOTAL have completed the necessary procedures to transfer a 6% of the Ichthys LNG Project equity interest to TOTAL group companies. The Ichthys LNG Project equity interest includes the following elements: 1. Participating interest in production licenses WA-50-L (Ichthys ga
NCS Survey Wins Rig Positioning Contract from Statoil
NCS Survey AS has been awarded a three-year contract with two one-year options with Norwegian operator Statoil for the supply of rig positioning services on the Norwegian Continental Shelf. The contract commenced on the first of the year. NCS Survey AS was established in November 2012 and is based i
AGR Group Announces Internal Restructuring, Norway
Following the successful refinancing of AGR Group, the Group’s two business areas, Petroleum Services and Drilling Services, are now financed separately. This enables the two divisions to seek separate strategic alternatives with autonomous managements. Under the leadership of Åge Landro, EVP Petrol
Chevron Conducts Successful Production Well Test on St. Malo in Gulf of Mexico (USA)
Chevron Corporation today announced that it had conducted a successful production test on the St. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. The test, i
Norway: Statoil to Carry Out Exploration Drilling with Songa Trym in North Sea
Statoil Petroleum AS (Statoil) has received consent to carry out exploration drilling with the Songa Trym mobile drilling facility in the North Sea. The consent relates to drilling of well 16/8-3 S with an optional sidetrack. The well is part of production licence 360. The objective of the drilling
Ghana: Hess’ Pecan North-1 Well Encounters 40 Feet of Net Oil Pay
Hess Corporation announced today it has completed drilling of its seventh consecutive successful exploratory well on the Deepwater Tano/Cape Three Points block offshore Ghana. The Pecan North-1 well, located approximately seven miles northeast of the Pecan-1 well, encountered approximately 40 feet o