Fossil Energy
Hess Reports 4Q 2012 Income of $566 Mln (USA)
Hess Corporation, a U.S. based oil and gas exploration and production company, today reported net income of $566 million for the fourth quarter of 2012, compared with a net loss of $131 million for the fourth quarter of 2011. Exploration and Production earnings were $517 million in the fourth quarte
Bowleven Strikes Hydrocarbons Offshore Cameroon
Bowleven, the Africa focused oil and gas exploration group traded on AIM, today announced positive results of the IM-5 well drilling offshore Cameroon. The IM-5 appraisal/development well, located approximately one kilometre south of the IM-3 well location, has an estimated target depth of 3,475 met
Seadrill Partners Expands BoD
Seadrill Partners LLC announced today that Bart Veldhuizen has been appointed to its board of directors. Veldhuizen will also serve on the conflicts committee of Seadrill Partners. Veldhuizen has worked in the shipping industry since 1994, on both the banking and non-banking side, most recently as t
Clair Ridge Crane Good to Go
On Wednesday, January 23rd, Kenz Cranes, a Dutch company specializing in offshore lifting and hoisting solutions, successfully completed the factory acceptance test (FAT) of the second crane for the Clair Ridge project. The third and last crane for this project is scheduled to be tested in the middl
Boskalis Launches Mandatory Offer for Dockwise Shares
With reference to the announcement of 21 December 2012 in which Boskalis announced its decision to make an all cash voluntary public offer for Dockwise, Boskalis today announced that it has resolved to make a mandatory offer for all the issued and outstanding ordinary shares of Dockwise (the Shares)
Neftex Expands Its Team in Response to Turnover Rise (UK)
Neftex, a dynamic earth science research company serving the international resources industries (principally oil, gas and minerals), has reported a rise of more than 30% in turnover, with an increase from under £7million in 2011 to more than £9million in October 2012. Against this background of busi
L&T, PETRONAS Carigali Sign EPC Contract, Offshore Myanmar
Larsen & Toubro (L&T) signed a contract with PETRONAS Carigali Myanmar (Hong Kong) Limited in Yangon, Myanmar for executing an offshore engineering, procurement, construction, installation and commissioning project valued at over USD 100 million. The order enlarges L&T’s footprint in the competitive
CNOOC: Ten New Fields to Come On Stream Offshore China
CNOOC Limited today announced a summary of the Company’s business strategy and development plan for the year 2013. The Company’s net production target of 2013 is in the range of 338 to 348 million barrels of oil equivalent (BOE), while the net production for 2012 is estimated to be 341 to 343 millio
Offshore Industry Boosts Lerwick Harbour Traffic (UK)
Lerwick Harbour attracted higher-than-forecast offshore industry traffic last year as the increasingly buoyant oil and gas sector generated more activity at the deep-water port’s expanding facilities. Figures released by Lerwick Port Authority show that the number of offshore industry vessels using
TWMA Appoints Regional Manager for Scandinavia
TWMA, the leader in integrated drilling services and environmental solutions for the international onshore and offshore oil and gas industry, has appointed Leif Ove Svensen as Scandinavia region manager. Svensen has more than 22 years’ experience in the upstream oil and gas sector and previously hel
BP Alaska Names New Regional President
Janet Weiss has been named Regional President of BP Alaska, effective February 15, the company announced yesterday, January 29. She succeeds John Mingé, who has been appointed Chairman and President of BP America Inc. after serving as head of BP’s Alaska business since January 1, 2009. Mingé will be
Noble Tamar Jacket Arrives in Israeli Waters
Tugs Fairmount Summit and Fairmount Alpine have delivered the new build Noble Tamar jacket at location in the Tamar gas field in the Eastern Mediterranean, off the coast of Israel. Both tugs towed the barge on which the jacket was loaded from the US to the field South-East of Cyprus. The 18,500 ton
Trapoil Secures Financing for Athena and Crazy Horse (UK)
Trapoil the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea is pleased to announce that on 29 January 2013, it entered into a three-year senior secured borrowing base facility agreement of up to US$20 million
Encana Re-Deploying Workers on Deep Panuke Following Fire Incident (Canada)
Encana advised The Canada-Nova Scotia Offshore Petroleum Board over the weekend of its intention to re-deploy construction personnel to the platform to resume construction activities.