Fossil Energy
Aker Solutions to Supply Subsea Trees to Alvheim (Norway)
Aker Solutions has signed a contract with Marathon Oil Norge for the delivery of subsea trees to the Alvheim field on the Norwegian continental shelf. Contract value is undisclosed. The contract includes the delivery of four subsea trees and associated equipment. The contract is part of the frame ag
Lundin Acquires Talisman’s Stake in Brynhild Field (Norway)
Lundin Petroleum has announced the completion of the agreement with Talisman Energy Norge (Talisman Norge) to acquire a 20 percent interest in the Brynhild field, offshore Norway. Following the acquisition, Lundin Petroleum holds a 90 percent interest in the Brynhild field. The original agreement, a
Operational Delays at Romeo Well, Trapoil Says
Operations are continuing on the Romeo (Licence P.1666, Block 30/11c) exploration prospect (“Romeo”), Trapoil, which owns 12.5 per cent carried interest has informed. Romeo is a four-way dip closure mapped at Base Cretaceous Unconformity with Fulmar sands as the reservoir objective, and with best es
Vale Sells Stake in Brazilian Offshore Oil Field to Statoil
Statoil is expanding its exploration portfolio through the acquisition of 25% participating interest from Vale SA in BM-ES-22A in the Espirito Santo Basin offshore Brazil. BM-ES-22A is comprised of the two Blocks ES-M-468 and ES-M-527. Petrobras is the operator with 75% equity and Vale holds a 25% s
Statoil Orders Subsea Equipment from FMC Technologies (Norway)
FMC Technologies, Inc. has signed an agreement with Statoil for the supply of additional subsea equipment for the Snorre field in the Norwegian part of the North Sea. The order has an estimated value of $33 million in revenue. Under the terms of the agreement, FMC Technologies will provide 10 produc
COSCO Delivers T-15 Tender Rig to Seadrill (Norway)
The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Nantong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a tender rig, “T-15”, to Seadrill. The delivery documents were signed by and between COSCO Nantong an
SOCAR: Oil Rocks Well Commissioned Offshore Azerbaijan
The State Oil Company of the Azerbaijan Republic (SOCAR) has announced that the well #2287 on offshore Oil Rocks field has been recently commissioned. The well was drilled from the platform #1887. The daily output of the well drilled to Fasila Suite makes 15 tonnes of oil. Oil Rocks OGPD is the oper
Sovcomflot Opens New TE Centre (Russia)
On 22 December, 2012, OAO Sovcomflot held a grand opening ceremony for its new training & engineering centre (TEC) in Saint-Petersburg. This unique centre will provide special training for the company’s captains and senior officers in preparation for navigation in the challenging climatic conditions
Four Crew Members Kidnapped Off Nigeria
Four crew members have been kidnapped off Nigeria’s coast from an Italian platform supply vessel. Armed pirates have attecked the vessel MV Asso Ventuno, operated by Naples-based Augusta Offshore, on Sunday evening about 40 miles (65 km) off the coast of Nigeria’s Bayelsa state. “Pirates armed with
Mermaid Maritime Reports Positive Results (Thailand)
Mermaid Maritime Public Company Limited (“Mermaid”) reported net profits of Baht 86.0 million in the financial year that ended on 30 September 2012 (“2012”), the first positive result since 2009. Net profits increased 153.3% compared to net losses of Baht 161.3 million in the financial year that end
Lundin Norway to Drill 8/5-1 Exploration Well
Lundin Norway AS (Lundin) has received consent to drill exploration well 8/5-1 in the southern part of the North Sea. The well will be drilled with the Mærsk Guardian mobile facility. The Petroleum Safety Authority Norway (PSA) has granted Lundin consent to carry out exploration drilling of well 8/5
New Agreement with Noble Speeds Up Gabriella Well Drilling (Israel)
Adira Energy Ltd. announced that further to its press release dated June 23, 2012, Modi’in Energy L.P (“Modi’in”) signed an addendum to the detailed drilling contract (the “Addendum”) it has with Noble International Limited (“Noble Drilling”) in respect of the Company’s Gabriella licence (“Gabriella
Rosneft Gets $16.8 Bln Loans to Pay for BP’s TNK-BP Stake (Russia)
Russia’s oil company Rosneft has signed two loan agreements with a group of international banks for the total amount of U.S. $16.8 billion to finance the acquisition of 50% stake in TNK-BP from BP. Pursuant to these loan agreements, Rosneft obtains a 5-year loan of U.S.$ 4.1 billion and a 2-year loa
DeepOcean to Install PRM System on Statoil’s Snorre Field (Norway)
DeepOcean UK, Ltd., a subsidiary of DeepOcean Group Holding BV, today announced an award from Statoil AS for the installation and trenching of a Permanent Reservoir Monitoring (PRM) System on the Snorre oil field in the North Sea, Norwegian Sector. The project represents DeepOcean UK’s largest ever