Fossil Energy
INPEX Completes Insurance Deals for Ichthys Facilities (Australia)
INPEX announced today that the INPEX-led Ichthys LNG Project in Australia has completed insurance arrangements for project facilities related to the Ichthys LNG project during the construction period prior to the production start-up scheduled by the end of 2016. These insurance policies provide cove
Ezion Receives to Provide Liftboat to South East Asian NOC
Singapore’s Ezion Holdings Limited has received a letter of intent with a contract value of up to approximately USD 45.3 million over a 2 year period to provide a Liftboat to be used by a South East Asian based national oil company to support its oil & gas activities. The Liftboat is expected to be
DNV to Class Delta House Floater
DNV has been awarded the classification contract for a new build floating production semi-submersible platform for the GoM. The Delta House floater will be operated by LLOG Exploration Company, a premier private exploration and production company in the Gulf of Mexico. Following a detailed review of
InterMoor Completes IRIS Job in U.S. GoM (USA)
InterMoor, an Acteon company, has completed an installation and recovery project for Apache Deepwater LLC (Apache) in Mississippi Canyon Block 148, Well 5 in the Gulf of Mexico. The work scope included the overboard, wet transfer, deployment and recovery of a 30-ton interchangeable riserless interve
Emerson to Upgrade Safety and Automation Systems on Visund Platform
Statoil has awarded Emerson Process Management, a business of Emerson , a $33 million contract to upgrade safety and automation systems on the Visund oil platform in the Norwegian North Sea. Previously selected by Statoil as one of its preferred automation and safety suppliers, Emerson will provide
Centrica Energy Upstream Profits On the Rise (UK)
Centrica, a British multinational utility company headquartered in Windsor, United Kingdom, today announced that its upstream gas and oil profitability increased by 20% to £919 million in 2012 (2011: £769 million), reflecting higher production volumes and higher achieved prices. The company’s total
Aker Solutions Completes Enovate Acquisition
Norway’s Aker Solutions confirms that the transaction to buy a majority stake in Enovate Systems Limited, a leading technology company within subsea well control equipment, has been closed. Enovate, which currently employs 62 people, has developed a wide range of unique and patented components and p
Dong to Use Maersk Giant Jack-Up for New Well in Norway
DONG E&P Norway AS, a subsidiary of Denmark’s DONG Energy, has received a drilling permit for well 3/7-9 S in the Norwegian part of the North Sea. The company will use the Mærsk Giant jack-up rig for the operation. The drilling programme for well 3/7-9 S pertains to the drilling of a wildcat well in
Wärtsilä: New Premises in Niteroi, Brazil’s Hub for Offshore Services
The workshop will be the largest of its kind in the state of Rio de Janeiro. It will feature, among other things, a laboratory for automation and electronic fuel injection, as well as a dedicated marine thruster facility.
NPD Presents New Resource Figures for the Southeastern Barents Sea and Jan Mayen
The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen will result in an approximate increase of 15 per cent in the estimates of undiscovered resources on the Norwegian shelf. This corresponds to about 390 million standard cubic metre
Exxon Mobil Schedules Management Changes for March 1
Exxon Mobil, the largest publicly traded international oil and gas company, announced yesterday that its board of directors is expected to appoint T.R. (Tom) Walters as president of ExxonMobil Production Company and R.S. (Rob) Franklin as president of ExxonMobil Gas & Power Marketing Company, effect
Lundin Gets Approval to Drill New North Sea Well (Norway)
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7/4-3. Lundin will drill the well using the Mærsk Guardian jack-up rig. The drilling programme for the well pertains to the drilling of a wildcat well in production licence 495. Lundin Norway AS is the operat
ROC Oil Reports Record Income
ROC Oil, Australia’s independent upstream oil and gas company with assets in China, Malaysia, Australia and UK, today announced it has more than doubled its full year net income. The oil company reported full year 2012 net profit after income tax of US$61.0 million compared to US$27.7 million achiev
Repsol Raises Cash for Upstream Growth. Sells LNG Assets to Shell
Spain’s Repsol has reached an agreement with Shell for the sale of its LNG assets for $6.7 billion which includes the minority stakes in Atlantic LNG (Trinidad & Tobago,) Peru LNG and Bahia de Bizkaia Electricidad (BBE) as well as the LNG sale contracts and time charters with their associated loans