Fossil Energy
Petrobras Discovers Oil in Sagitario Well (Brazil)
Brazil’s state-run oil company Petrobras has confirmed the presence of good quality oil (31 º API) in ultra deep waters in the Santos Basin pre-salt while drilling well 1-SPS-98 (1-BRSA-1063-SPS), informally known as Sagitário. This is the first well to be drilled in the BM-S-50 block and is located
DECC Approves Maersk Oil’s Balloch Development Plan (UK)
Maersk Oil UK announced today that the company had received FDP (Field Development Plan) approval from the Department of Energy and Climate Change for the Balloch oil field, 140 miles north east of Aberdeen in the Central North Sea. Balloch, which Maersk Oil holds a 100% interest in, was discovered
Cochin Delivers New AHTS Vessels to SCI (India)
Cochin Shipyard Limited (CSL) today delivered a 120T Bollard pull Anchor Handling Tug Supply Vessel (AHTS), “SCI URJA”, to The Shipping Corporation of India Ltd, Mumbai (SCI). This is the fourth & last in the series of 4 Nos of 120T Bollard pull AHTS being built by CSL for SCI. The vessel is of AH03
North Carolina Governor Joins OCS Governors Coalition
North Carolina’s Governor Pat McCrory announced Friday, February 22, that he has joined the Outer Continental Shelf (OCS) Governors Coalition. “I am pleased to be a member of the OCS Governors Coalition,” said Governor McCrory. “Pursuing responsible exploration and development of our offshore resour
Waha Sells Three Anchor Handlers to Stanford Marine
Waha Capital PJSC , an Abu Dhabi investment company, announced that it has sold its three Anchor Handling Tug (AHT) vessels held by its wholly-owned subsidiary, Waha Offshore Marine Services (WOMS), to Stanford Marine Group. Waha Capital has a 49% shareholding in Stanford Marine Group. WOMS was esta
Eni Makes Another Gas Discovery Offshore Mozambique
Eni has made a new natural gas discovery within the Mamba Complex, in Area 4, offshore Mozambique, at the Coral 3 delineation well, which is the eighth well drilled back to back in Area 4. The new discovery confirm the potential of Area 4 operated by Eni at 75 trillion cubic feet (Tcf) of gas [&hell
Former Chancellor to Speak at an Annual Energy Dinner (UK)
Former Chancellor Alistair Darling will be the keynote speaker, alongside European Commissioner for Energy Gunther Oettinger and chief executive officer of Maersk Oil, Jakob Thomasen, at an annual energy dinner to be held in Aberdeen this week. The Rt. Hon Alistair Darling MP, who led the Exchequer
FoundOcean Repairs Pipeline in Gulf of Mexico
FoundOcean has completed the installation and grouting for a clamp repair to an 18” pipeline in the Gulf of Mexico. Saipem America awarded FoundOcean the contract to repair the damage caused by a vessel’s anchor being dragged along the seabed over the pipeline in bad weather, at a water depth of 750
Global Geophysical Reports Net Loss of 28.6 Mln (USA)
Global Geophysical Services, Inc. today reported fourth quarter revenues of $55.3 million, a loss from operations of $12.0 million, a net loss of $28.6 million and a loss of $0.76 per share. Results for the fourth quarter included several non-recurring charges. These non-recurring charges include an
First Oil Flows from Statoil’s Hyme Field
On 25 February Statoil and its partners began production from the Hyme oil field in the southern part of the Norwegian Sea. Hyme is the second of Statoil’s 12 fast-track projects. “The field came on stream one month earlier than we assumed in the Plan for Development and Operation (PDO). The project
Trapoil: Magnolia Exploration Begins (UK)
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, announces that operations have commenced on the Magnolia (Licence P.1610, Block 13/23a) exploration prospect. The partners in Licence P.1610 are Da
GC Rieber Reports Best EBITDA in Its History
GC Rieber Shipping reports its best earnings before interest, taxes, depreciation, and amortization (EBITDA) in the company’s history for the fourth quarter 2012 and full year 2012. The company had stable operations, with high fleet utilization and solid contract coverage. The market outlook for adv
USCG Discovers 16 Safety Violations on Shell’s Noble Discoverer
One of two Arctic drilling ships employed by Shell Oil does not have proper propulsion to handle all expected weather conditions, has engine trouble, and multiple fire hazards on board the ship, according to sixteen violations identified by the Coast Guard, which were made public on Friday, February
Rialto Appoints Managing Director (UK)
The Board of Directors of Rialto announced that Robert Shepherd, who has been Interim CEO since 26 November 2012, has been appointed to the fulltime position of Managing Director, based in London. Further to the appointment of Shepherd, Rialto announces that Bruce Burrows has advised the Company of