Fossil Energy
Seadrill Now Holds 39,9% of Archer Shares
Seadrill Limited, one of the world’s largest offshore drilling contractors, has today been allocated 82,003,000 shares in the private placement of Archer Limited, a global oilfield service company that specializes in drilling services and well services The drilling contractor bought the shares at pr
Lundin: Appraisal Well in PL501 Reaches TD. Testing to Take 20 Days
Lundin Petroleum today announced that the appraisal well 16/3-5 well in PL501 in the south eastern part of the Johan Sverdrup discovery has reached target depth. The well, located in the Norwegian sector of the North Sea, will now be tested. The appraisal well has drilled through reservoir sections
Naming Ceremony for Technip’s ‘Deep Orient’ Vessel (Spain)
Technip officially named its latest new vessel today in Vigo, Spain. The Deep Orient, a newbuild medium construction vessel, will be dedicated to subsea construction and flexible pipelay projects. During the ceremony held at the Metalships & Docks (MSD) shipyard in Vigo, the ship was named by the ve
Douglas-Westwood: Golden Triangle to Dominate Deepwater Expenditure Over 5 Years
A new report from Douglas-Westwood shows the outlook for the deepwater business to be one of major long-term opportunity. As deepwater projects become increasingly capital-intensive there is an economic challenge for exploration & production (E&P) companies but a significant potential prize for oilf
Polarcus Completes Sale of ‘Polarcus Samur’ to Turkish TPAO
UAE’s Polarcus has completed today the sale and delivery of the 8-streamer 3D seismic vessel POLARCUS SAMUR to Turkey’s TPAO. The vessel is to be repainted red and white in the design of the new vessel owner and renamed Barbaros Hayreddin Pasa. Polarcus has simultaneously commenced the 3 year suppor
Archer, Statoil Sign Heimdal Plugging and Abandonment Contract (Norway)
Archer, the global oilfield service provider, has secured a contract with Statoil for the permanent plugging and abandonment of 12 gas wells on the Heimdal field in the Norwegian North Sea using Archer’s latest ground-breaking modular rig, the Archer Topaz. The Heimdal rig is operated by Statoil wit
VIDEO: Lebanon Opens Its Doors to Offshore Oil & Gas Exploration
Lebanon has, for the first time, opened its potential offshore oil and gas reserves to foreign investors. In the following video Dr Carole Nakhle, talks to World Review about why Lebanon has chosen now to take this action. Dr Nakhle is an energy economist, based in London, UK, specialising in intern
IceBlue Refrigeration Offshore Presents New Chiller Container (UK)
IceBlue Refrigeration Offshore, part of the Ferguson Group, a specialist in providing refrigeration and freezer solutions for offshore food transportation and storage, announced its new 6m dual zone refrigerated/chiller container. Following extensive market research, IceBlue Refrigeration Offshore h
Atlantic Offshore, Ulstein Sign Management Agreement for Blue Thunder PSV
Blue Ship Invest, a wholly-owned company in Ulstein Group, has entered into an agreement with Atlantic Offshore on management of ‘Blue Thunder’, the fourth of six platform supply vessel of ULSTEIN’s PX121 type design. Currently under construction at Ulstein Verft, the vessel is scheduled for deliver
Harvest Drills Sidetrack Well at Tortue Discovery Off Gabon
Panoro Energy ASA announced an update to its drilling operations in the Dussafu Tortue Marin-1 (DTM-1) well drilled in the Dussafu Marin PSC, offshore Gabon, West Africa. The DTM-1 well, operated by Harvest Dussafu, was initially drilled in 118 meters of water to a vertical depth of 3,430 meters. On
Subsea UK 2013: Nautronix CEO Wins Outstanding Contribution Award
As a climax to Subsea 2013’s seventh annual awards ceremony which recognises innovation and outstanding achievements across the UK subsea industry, Mark Patterson CEO of Nautronix was the proud recipient of this year’s Outstanding Contribution award. After joining Nautronix in 1996, Mark oversaw the
China’s First Deepwater Rig Undergoes Repairs After Minor Oil Leaks Found
China’s semi-submersible offshore drilling rig, HYSY 981, is undergoing repairs, after oil leaks have been discovered in the rig’s pump room, Reuters reports. The rig, owned by CNOOC, is the first and only deepwater drilling rig designed and built in China. The news agency quoted CNOOC which said th
Enegi, Azimuth Reach Agreement on North Sea Block Farm-Out
Enegi, the independent oil and gas company, has reached agreement with Azimuth Limited with a view to farming-out part of Block 22/12b, in the UK North Sea, to Azimuth. The Block contains the Phoenix discovery (the “Phoenix Area”) with the remaining acreage on the Block being made up of potential ex
SapuraKencana Buys $2.9 Bln Worth of Tender Rigs from Seadrill
Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. Malaysia’s SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16. These three rigs are either owned or planned