Fossil Energy
Dana Gas Records Net Profit Growth in 2012 (UAE)
Dana Gas PJSC, the Middle East’s leading regional private sector natural gas company, has announced its preliminary financial results for the year ended 31st December 2012: Dana Gas recorded net profit growth of 20% in 2012, increasing to US$ 165 million (AED 605 million) from US$ 138 million (AED 5
Salamander Makes O&G Discovery Offshore Indonesia
Salamander Energy announces that the South Kecapi-1 DIR/ST exploration well (“SK-1”) in the Bontang PSC in Indonesia has been completed as an oil and gas discovery. South Kecapi is the first well in Salamander’s multi-well programme in the North Kutei basin. SK-1 discovered a combined 40 m of net oi
Keppel FELS Selects PEMA Welding Automation (Singapore)
PEMA Welding Automation has been appointed by a world leading rig builder Keppel FELS to implement the latest in modern welding automation system for their production facilities. The solution is first-of-its-kind enabling Keppel FELS to have the world’s most technologically advanced panel line and s
Video of Iran’s Offshore Jacket Sinking in Persian Gulf
See below a video of the sinking of Pars Oil & Gas’ jacket, which last week hit the bottom of the Persian Gulf. Mehr reported that the jacket, which was being installed to support a natural gas platform, as a part of phase 13 of South Pars Project, plunged to a depth of 80 metres. […]
Tangiers Confirms Tarfaya Block Potential (Morocco)
Tangiers Petroleum advises that a detailed 3D seismic program has highlighted the significant upside for the Company at its Tarfaya offshore block in Morocco. The seismic data, which Tangiers has just finished processing, confirms the Trident prospect and secondary objectives at Assaka and TMA poten
VIDEO: Shell Launches Ormen Lange Game for iOS and Android
Shell, an international oil & gas giant, recently released a video game for iOS and Android in which a player is given an opportunity to explore Norway’s Ormen Lange field. The name of the game is Pipe Rider. Description: “Fast paced racing in gas pipelines! You are 1000 meters below sea level at th
EnQuest Moves to Extend Alma/Galia Field Life (UK)
EnQuest’s Board has approved an increase in the scope and specification of the Alma/Galia project with the objective of extending the field life, optimising operating costs and enabling a potential second phase development. “These changes, which are subject to the normal partner approval process, ar
OMV Hires ENSCO 107 Rig for Maari Drilling (New Zealand)
OMV has hired the jack-up rig ENSCO 107 to complete a planned multi-well drilling campaign at the Maari Field, offshore New Zealand. According to Cue Energy, a company which owns a 5 per cent stake in the project, significant undeveloped reserves remain at Maari and Manaia and additional drilling an
Two Petrobras’ FPSOs Collide in Shipyard (Brazil)
Two Petrobras’ FPSOs have collided in a shipyard in southern Brazil, after their moorings were dislodged by severe wind on Saturday, Reuters reports. According to the news agency, Petrobras said it would launch an investigation to assess the level of damage to the floating production storage and off
Keppel Delivers New Rigs to Transocean
Transocean, one of the world’s largest offshore drilling contractors, has taken delivery of its two new jack-up rigs from Keppel FELS shipyard in Singapore. The naming ceremony for the twin Super B Class Bigfoot jack-up rigs, Transocean Siam Driller and Transocean Andaman, was held on February 2, 20
ONGC Awards Contract for HRD Offshore Platform (India)
Technip , in a consortium with AFCONS Infrastructure Ltd and TH Heavy Engineering Berhad, was awarded a contract by Oil & Natural Gas Corporation Ltd (ONGC), worth approximately €220 million (Technip share: about €50 million), for the Heera Redevelopment (HRD) process platform project in the Arabian
Top News of the Week of Jan 28 – Feb 2, 2013
Read the most read news of the week Jan 28 – Feb 2, 2013
Asia Offshore Drilling’s New Jack-up Moving to Persian Gulf
Asia Offshore Drilling’s first rig was delivered to the company on Thursday, January 31, 2012. The rig named AOD I, built at Keppel Fels shipyard in Singapore, was delivered on time and within budget. AOD I will now move to the Persian Gulf where it will work for Saudi Aramco. The contract is expect
ExxonMobil Reports 4Q Earnings on 9.95 Billion
U.S. oil giant ExxonMobil today reported earnings of $9,950 million for 4th quarter 2012, an increase of $550 million or 6% from the fourth quarter of 2011. Full year 2012 earnings were $44.9 billion, up 9% from 2011, with record earnings per share of $9.70. As for capital and exploration expenditur