Fossil Energy
MOG Updates on Italian Operations
The Board of Mediterranean Oil & Gas Plc announced an operational update related to the Company’s activities in Italy. MOG’s total net production for 2012 was 50.68 million scm (equivalent to 1.8 billion scf or 319,000 boe). This represents an average net production of 138,470 scm per day or 872 boe
PPB Company Secures AHTS LOA from Petronas (Malaysia)
Perdana Petroleum Berhad (PPB), provider of Offshore Marine Services for the upstream oil & gas industry, has announced that Perdana Nautika Sdn Bhd (PNSB), a subsidiary company of PPB, has secured a letter of award (LOA) for the supply of four (4) units of Anchor Handling Tug Supply (AHTS) vessels
Lundin 2013 Exploration Budget Amounts to USD 1.7 Bln
Lundin Petroleum AB (Lundin Petroleum) announced its 2013 development, appraisal and exploration budget which totals USD 1,700 million. 2013 will be the busiest year in the company’s history both in relation to exploration and development activities. The 2013 expenditure on development projects is b
Vroon Expands Fleet with VOS Sweet (The Netherlands)
Vroon, an international shipping company, announced that VOS Sweet has safely completed her voyage from Fujian Southeast Shipyard in China. Vroon Offshore Services’ latest addition to the subsea-support fleet arrived in the Netherlands on Thursday, 3 January 2013. Some final fitting work will be und
Lundin Spuds Appraisal Well on Johan Sverdrup Discovery
Lundin Petroleum AB (Lundin Petroleum) announced that the wholly owned subsidiary Lundin Norway AS has commenced the drilling of appraisal well 16/3-5 in PL501 on the Johan Sverdrup discovery, located in the North Sea sector of the Norwegian Continental Shelf (NCS). The well is located in the south
Exxon Mobil to Develop Hebron Field Offshore Canada
Exxon Mobil Corporation has announced it will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million barrels of oil, an increase versus earlier estimates. Capital cost for the project, which is
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Top News of The Week Dec 31 – Jan 5
Top News of The Week December 31,2012 – January 5, 2013 Experts Board Grounded Kulluk Off Alaska A team of six salvage experts boarded the grounded drilling unit Kulluk, off Alaska, to conduct a structural assessment to be used to finalize salvage plans, currently being developed by the Kulluk Tow
SEEC Calls for Investigation of Shell’s Drilling Rig Grounding Off Alaska
Members of the House Sustainable Energy and Environment Coalition (SEEC) yesterday called on the Department of the Interior and United States Coast Guard (USCG) to conduct a joint investigation into the recent grounding of a Shell Oil drilling rig operating in the Gulf of Alaska and related incident
Cobalt to Spend Up to $900 Mln in 2013
Cobalt International Energy, a Houston-based oil company, announced today that its 2013 cash expenditures are estimated to be $750-$900 million. The range is primarily dependent on the appraisal and development activity associated with existing discoveries. Cobalt also announced that Joseph H. Bryan
OGX: Production Starts from Tubarao Azul (Brazil)
OGX Petróleo e Gás Participações S.A. , Brazil’s largest private oil and natural gas exploration company, announces that it has connected and started its third production well in the Tubarão Azul field, TBAZ-1HP, situated in the Campos Basin, on December 31, 2012, which was under cleaning and adjust
PXP Enters Farm-In Deal for Mazagan Permit Offshore Morocco
Plains Exploration & Production Company has entered into a definitive agreement to participate in the significant and highly prospective exploration play offshore Morocco. Subject to customary closing conditions including the receipt of Moroccan governmental approvals, PXP will make a cash payment o
Yuexin Signs AHTS Construction Contract (Singapore)
Yuexin Ocean Engineering has signed the construction contract of 2+2 58.7m AHTS vessels in Singapore with an undisclosed client, With the function of anchor handling, towing and fire fighting, the vessels will equipped with DP-1 to enhance the operability. The financial details of the deal were undi
Harvest Strikes Oil Off Gabon
Harvest Natural Resources has encountered oil in the wildcat well Dussafu Tortue Marin-1 (DTM-1) drilled in the Dussafu Marin PSC, in the offshore waters of Gabon, West Africa. The well was spudded on November 19 and is being drilled to test the potential of the pre-salt Gamba and Dentale Formations