Fossil Energy
UTEC Completes UAE Project
An independent offshore survey company UTEC has consolidated its presence in the Middle East and has completed another significant contract for a major international pipelay contractor. This is the second year in succession that UTEC has provided support to the contractor in the region. The UAE (Dub
AWE Selling 50% Stake in AAL Project Offshore Indonesia
AWE Limited today announced that it had appointed Credit Suisse as its adviser for the planned sell-down of up to 50% of the Ande Ande Lumut (AAL) oil project, offshore Indonesia. AWE currently owns 100% and is the Operator of the North West Natuna PSC where the AAL project is located. The estimated
Kosmos Energy to Spend USD 525 Mln on E&D in 2013
Kosmos Energy announced yesterday, January 28, its 2013 planned capital program, which totals approximately $525 million. Development activities offshore Ghana comprise approximately 55 percent of the total anticipated amount, with the remaining 45 percent allocated for exploration and appraisal act
IHC Merwede Introduces IHC Packhorse Offshore Support Vessels
IHC Merwede has extended its product range with the introduction of a new series of IHC Packhorse™ offshore support vessels at an official launch event in Singapore, organised by IHC Asia Pacific, a subsidiary of IHC Merwede. This latest development reinforces the company’s internationalisation stra
AWE to Drill More Wells Offshore New Zealand in 2013
AWE Limited, an Australian based oil and gas exploration and production company with oil and gas interests in Australia, New Zealand, Indonesia and the USA, advises that the PMP 38158 (Tui) Joint Venture has approved the drilling of two additional wells offshore New Zealand in the second half of 201
Shell’s Olympus Topside Reaches Texas
Shell’s Olympus topside, the approximately 32,500 metric ton main body of the Olympus TLP, has arrived in Texas after its two months journey from South Korea. The installation of the topsides will now take place before the TLP departs for its final location on the Mars Field in the Gulf of Mexico. T
Nexus, Santos Working to Restart Longtom Production (Australia)
Nexus Energy Limited (Nexus) advises that, further to the operational update issued on 14 January, in which the company announced that production at the Longtom gas processing facility has been suspended as a result of an electrical fault, an offshore intervention program will commence shortly. A ve
Tap Oil: Tallaganda Could Hold 500 Bcf of Gas (Australia)
Tap Oil Limited has announced announce its gross volumetric recoverable gas resource estimate for the WA-351-P portion of the Tallaganda structure. Tap’s studies (which were completed by Tap following its review of the Operator’s preliminary volumetric assessment of the Tallaganda discovery received
Aker Solutions Acquires UK’s Enovate
Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Limited – a leading technology company within subsea well control equipment. The financial details of the acquisition are undisclosed. Enovate, which currently employs 62 people, has developed a wide range of uni
Forum Gets Extension to SC72 (Philippines)
Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, on Friday confirmed that the Philippine Department of Energy has granted the Company’s request for an extension to the second sub-phase of Service Contract 72 (“SC72”). The deadline for
VIDEO: Statoil Explains How PRM Works
In this video, Norwegian oil company Statoil explains how Permanent Reservoir Monitoring tools can help increase oil production from Snorre and Grane fields, located offshore Norway. New seismic tools will result in 30 million extra barrels of oil from Snorre and Grane when Norway’s oil company Stat
Vroon Confirms Two PSVs Order in China
After COSCO Guandong shipyard from China today announced it has secured an order for two Plaform Supply Vessels from an undisclosed European client, the client revealed itself. Vroon, a Dutch company that owns a fleet of offshore support vessels, has confirmed it has ordered the two newbuilding PSVs
Saipem Ordered to Improve HSE Practices Following Rig Tilting Incident
The Petroleum Safety Authority Norway (PSA), the government’s body responsible for safety, emergency preparedness and the working environment in the petroleum activities in Norway, has issued an order to Saipem SpA Norwegian Branch (Saipem) following investigation of the ballast incident on the Scar
Borders & Southern Eyeing FPSO for Darwin Development (Falkland Islands)
Borders & Southern, a London based independent oil and gas exploration company, provides an update on its assets in the South Falkland Basin. Since the completion of its 2012 drilling campaign the Company has undertaken a number of technical and commercial studies. Whilst a number of these studies a