Fossil Energy
Kulluk Assesment Continues. Survival Boats Damaged (USA)
Unified Command, established in response to the Kulluk towing incident that occurred off Alaska twoo weeks ago, has announced that assessment of the Kulluk drilling vessel in Kiliuda Bay continues, with inspection-class remotely operated vehicles (ROVs) being utilized to assess the hull. “There cont
Wood Mackenzie: Mixed UK Upstream Sector Review
Wood Mackenzie’s annual UK upstream review concludes that continued high oil prices and fiscal engagement between the UK Government and industry have given companies the confidence to invest in the UK. However optimism generated by high levels of capital investment and M&A activity has been dampened
Statoil Gets Approval to Use COSLPromoter at Troll (Norway)
Statoil Petroleum ASA has received consent to use COSLPromoter for drilling, completion, well workover, well intervention and plugback of production wells on the Troll field in the Norwegian part of the North Sea. The consent relates to use of the semi-submersible COSL Promoter drilling facility to
Petrobras Finds Oil at Arjuna Well (Brazil)
Brazil’s oil company Petrobras announces that extension well Arjuna, which aims at delineating an accumulation off Vitoria, has confirmed the presence of light oil and gas in sandstone reservoirs in the Espírito Santo Basin post-salt. This discovery was first announced on December 17th, 2010, when w
Gas from Norway More Attractive than Ever, Gassco CEO Says
Gas piped from fields off Norway to receiving terminals in Germany, Belgium, France and the UK totalled 107.6 billion standard cubic metres (scm) in 2012, up by 13.4 billion from 2011. “This represents a new record for Norway’s annual gas deliveries,” says Brian Bjordal, chief executive of transport
Suncor About to Complete Romeo Drilling (UK)
Suncor is about to complete drilling of exploration well 30/11c on the Romeo prospect in license P1666 in the UK North Sea. The well is being drilled by the Awilco WilHunter rig. The well has encountered oil at three different stratigraphic levels within the Jurassic and Triassic comprising in aggre
Dron & Dickson to Maintain Nexen’s North Sea Platforms (UK)
Dron & Dickson, specialists in design, supply and maintenance of hazardous area electrical equipment, has secured a multi-million pound contract with Nexen Petroleum UK Limited. The five-year project will see Dron & Dickson carry out electrical maintenance on Nexen’s Buzzard and Scott offshore platf
Lundin to Drill New North Sea Well Using Maersk Guardian (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 8/5-1. Well 8/5-1 will be drilled from the Mærsk Guardian drilling facility in the Norwegian part of the North Sea The drilling programme for well 8/5-1 relates to drilling of a wildcat well in producti
PSA Norway: West Hercules Good to Go
North Atlantic Management AS has received an Acknowledgement of Compliance (AoC) for the West Hercules semi-submersible rig. The AoC, given by the Petroleum Safety Authority Norway, indicates that the West Hercules is considered to be in compliance with relevant requirements in the petroleum activit
ConocoPhillips to Use Rowan Norway Jack-Up for Ekofisk Drilling
ConocoPhillips will use the Rowan Norway jack-up rig to drill three new production wells on Ekofisk 2/4-B complex in the Norwegian sector of the North Sea. The PSA Norway has given its consent for the use of the rig which was recently granted an Acknowledgement of Compliance. ConocoPhillips will dri
Hess Lowers 2013 Capex by 18 Pct (USA)
Hess Corporation announced today a 2013 capital and exploratory budget of $6.8 billion, which is down 18 percent from 2012 expenditures of approximately $8.3 billion. Of the $6.7 billion budgeted for Exploration and Production, $2.7 billion (40 percent) is dedicated to unconventional shale resources
Statoil Receives Approval for Manned Underwater Ops (Norway)
Statoil has applied for consent to carry out manned underwater operations in 2013 with reference to an existing contract for diving services with Technip Norge AS. Pursuant to a cooperation agreement, ExxonMobil and Gassco will also be able to use this contract. The manned underwater operations will
Statoil Gets Licence to Drill New Well in PL 169 (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 25/11-26, in the Norwegian sector of the North Sea. Well 25/11-26 will be drilled from the Ocean Vanguard drilling facility at position 58°14’03.21” north and 2°36’40.99” east after completing drill
Proserv Completes $215 Million Refinancing Agreement (UK)
Rapidly-evolving energy production technology services company Proserv has consolidated its position for sustainable growth and future expansion following the successful completion of a $215million (approximately £133million) refinancing agreement. The term loan and revolving credit facility, which