Fossil Energy
Eni Gets More Time to Decide on Second Heron Well (Australia)
MEO Australia Limited advises that it has agreed to extend the second Heron well election deadline to 1st March 2013. Under the terms of the NT/P68 Farm-in Agreement (FIA) dated 17th May 2011, Eni had 60 days from the completion of the Heron South-1 well (14th December 2012) to elect whether to dril
Maersk Oil Drills a Duster in PL 513, Offshore Norway
Maersk Oil has finished drilling the 6506/6-2 exploration well on the Albert prospect in Norway. The well, drilled in Production License 513 in the Norwegian Sea, encountered no sign of hydrocarbons. The purpose of the well was to prove hydrocarbons in the Lower Cretaceous Lysing Fm. The well encoun
Providence Relinquishes Foreshore Licence (Ireland)
Providence Resources P.l.c., (“Providence”) the London (AIM) and Dublin (ESM) listed oil and gas exploration and appraisal company, announces that it has surrendered the Foreshore Licence granted over an area in the Kish Bank Basin, offshore Dublin. The Licence was awarded by the Foreshore Unit of t
U.S. Regulator Gives Nod to CNOOC-Nexen Deal
China’s oil company CNOOC has announced that the Committee on Foreign Investment in the United States has given formal approval in connection with the CNOOC’s potential acquisition of Canada’s Nexen. This means that all of the requisite approvals to proceed to close have now been granted. The transa
Spectrum Buys Carmot (Norway)
Spectrum has signed Share Purchase Agreements to acquire the Norwegian companies 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 covering approximately 125,000 square kilomete
Transocean Orders Three BOP Control Systems from Oceaneering
Oceaneering International, Inc. announced that it has secured contracts with a subsidiary of Transocean Ltd. to provide three subsea blowout preventer (BOP) control systems. These contracts add over $40 million to Oceaneering’s Subsea Products backlog. The contracts are for discrete hydraulic system
Dockwise Board Supports Merger with Boskalis (The Netherlands)
The Board of Directors of Dockwise has unanimously resolved to support the combination of Dockwise and Boskalis and to recommend the mandatory cash offer by Boskalis of EUR 18.50 / NOK 137.65 per share cum dividend for all of the issued and outstanding common shares in the capital of Dockwise . Bosk
Loganair Starts Manchester – Den Helder Flights (The Netherlands)
Flybe franchise carrier Loganair has commenced ticket sales for a new weekday service, operating between Manchester Airport to Den Helder (De-Kooy) Airport in the Netherlands. The flights to Den Helder, which serves as the Netherland’s offshore support hub, will operate on weekdays from March 4 2013
Dragon’s Caspian Well Flows at 1,653 BOPD (Turkmenistan)
Dragon Oil plc today announced the results of successful completion and initial testing for the Dzheitune (Lam) 28/178 development well in the Caspian Sea, offshore Turknenistan. The Dzheitune (Lam) 28/178 well was completed as a single producer to a depth of 2,010 metres. The well tested at an init
ROV Market in Oil & Gas Industry to Reach Value of $2.46 Bln in 2013
The global market for remotely operated vehicles (ROVs) in the oil & gas industry will reach a value of $2.46bn in 2013,according to a report published by Visiongain. The sector will experience strong growth over the forecast period as increasing expenditure in the deepwater and subsea construction
Delek, Avner Sign PSC for Block 12 Offshore Cyprus
Israel’s Delek Drilling – L.P. and Avner Oil Exploration – L.P., yesterday signed the Production Sharing Contract which is originally dated October 24, 2008 (the “PSC”), granting exploration rights, appraisal, development and production of oil and/or gas in the territorial waters of the Republic of
W&T Offshore BoD Approves $450 Mln Capex for 2013
W&T Offshore, Inc. announced that its Board of Directors has approved a 2013 capital budget of $450 million. The Company also announced production guidance for the first quarter of 2013 in a range of 4.3 MMBoe to 4.8 MMBoe and for the full year of 2013 in a range of 17.0 MMBoe to 18.7 MMBoe. [&helli
Statoil, Partners Choose Skrugard Development Concept (Norway)
Statoil and its partners have chosen a development concept for the Skrugard field in the Barents Sea. The concept includes a floating production unit with a pipeline to shore and a terminal for oil from the Skrugard field at Veidnes outside Honningsvåg in Finnmark. The field is scheduled to come on
ITF Signs New Oil and Gas Members (UK)
ITF, the global technology facilitator, has signed three new members to its international group of oil and gas operators and service companies, who will work together to drive forward innovation and collaboration in the industry. CNR International (CNR), the International division of Canadian Natura