Fossil Energy
Boskalis Increases Ownership in Dockwise. Holds 41 Pct (The Netherlands)
Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired 127,799 ordinary shares in Dockwise (the Shares) in the course of trading yesterday. All these Shares were acquired through Euronext Amsterdam and were purchased at an average price of EUR 18.50 per Share with a maximum pric
San Leon Gives More Time to Potential Durresi Block Partners (Albania)
San Leon today announced it is hosting a data room for a number of parties, including major multi-nationals, interested in farming-in to its Durresi Block, offshore Albania, that contains the Alban Structure and where the Company holds a 100% operated interest. The data room timetable has been exten
Mzia-2 Appraisal well Hits 62m of Net Gas Pay (Tanzania)
Ophir Energy plc announces the successful results of its appraisal programme on the Mzia field, Block 1 Tanzania, and the commencement of its Block 1 flow testing programme. Ophir holds 40% of Blocks 1, 3 and 4; the BG Group operates with 60%. Successful Mzia-2 Appraisal The Mzia-2 appraisal well wa
Sinopec Selects Havyard Design PSV (China)
The Chinese oil company Sinopec selects another Havyard designTM for its fleet renewal programme
Helix Completes Sale of ERT (USA)
Helix Energy Solutions Group, Inc. has closed the previously announced sale of Energy Resource Technology GOM, Inc. (ERT), the Company’s oil and gas subsidiary, to Talos Production LLC, a wholly owned subsidiary of Talos Energy LLC, a privately held Houston-based oil and gas company. Proceeds from t
Saipem, Eni Pen Drilling Contracts Worth $1.2 Billion (Italy)
Italy’s Saipem today announced it has has signed offshore drilling contracts with Eni, for an approximate value €900 million (USD 1.21 billion). Under the agreement Eni will extend the charter of the Saipem 10000 drillship for a period of 5 years, starting from October 2014. Eni will also extend the
Statoil to Complete 50 Exploration Wells in 2013
Norway’s Statoil today announced fourth quarter 2012 net operating income of NOK 45.8 billion. In 2012, net operating income was NOK 206.6 billion. According to Reuters, the numbers beat market expectations. “2012 was a year of strong strategic and operational progress for Statoil. We grew our produ
Subsea UK 2013: New Subsea Player Aiming at Turnover of $1 Bln
A new subsea oil and gas group, Harkand, chaired by oil and gas industry veteran Tom Ehret, is launching today with an ambition to grow to a turnover of $1 billion in the next five years. Following investment by Oaktree Capital Management in Iremis, Integrated Subsea Services (ISS) and their sister
Prosafe Secures Three Contract Extensions for Its Accommodation Rigs (Mexico)
Cotemar Group has confirmed that Safe Britannia, Safe Lancia and Jasminia have had their current contracts extended until end-March 2013, mid-September 2013 and late-May 2013, respectively. The total value of these extensions is approximately USD 21 million. The rigs, owned by Prosafe, will continue
VIDEO: Chevron Moves Ahead with Mafumeira Sul Development (Angola)
Chevron Corporation announced today that its Cabinda Gulf Oil Company Limited subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola. The Mafumeira Sul project offshore Angola involves the design, fabrication and installation of five new platforms. The proj
Statoil Gets Green Light to Use Floatel Superior LQ Rig (Norway)
Statoil has received consent to use the Floatel Superior mobile living quarters facility during a period of high activity. Statoil has received consent to use the Floatel Superior mobile living quarters (LQ) facility for accommodation during a period of high activity on the Oseberg field centre in t
UK’s Subsea Firms Expect Significant Growth in 2013
Subsea companies across the UK are set to grow by 20% or more in 2013, with some companies anticipating more than 50% growth. A survey of Subsea UK members revealed that 100% of firms are predicting significant growth in the next 12 months. Almost half expect to grow by 30% and a third by more [&hel
Subsea UK 2013: Ecosse Subsea Showcases ‘Game-Changing’ Techology
Ecosse Subsea Systems has this week unveiled a game-changing pipelay technology at Subsea UK 2013 in Aberdeen. The subsea technology firm has developed and patented a rigid pipelay system which can be deployed from smaller, more readily available vessels and which will slash schedules and installati
Total to Search for Hydrocabons in Cypriot Blocks 10 & 11
French oil major Total today signed exploration and production sharing contracts with the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus. Under the agreement, the oil company will be free to search for hydrocarbons in Cyprus’ offshore blocks 10 and 11. The oil & gas industry ha