Fossil Energy
DeepOcean Dives into Gorgon Project, Australia
DeepOcean UK, Ltd., a subsidiary of DeepOcean Group Holding AS, today announced it had been awarded a trenching contract by Subsea 7 on the Chevron-operated Gorgon Project in Australia. DeepOcean will be responsible for the project management, engineering and associated trenching works of approximat
Sunbird Energy Buys Stake in Ibhubesi Gas Project Off South Africa
Southern Africa gas explorer and developer Sunbird Energy Ltd has executed an agreement to acquire a 76% interest in the 870 Bcf (2C) Ibhubesi Gas Project offshore west coast South Africa for an initial purchase price of US$1.5 million. The acquisition, when completed, will provide Sunbird with a 76
Scaroni, Ramirez Discuss Perla Field Development (Venezuela)
The Minister of Petroleum and Mines of Venezuela, Rafael Ramírez, and Eni’s CEO Paolo Scaroni, met today in Caracas to discuss joint activities and projects in the country. During the meeting, the two parties discussed the development of the giant Perla field, one of the world’s largest gas fields t
Statoil Gets Approval to Use Hyme Facilities (Norway)
The Petroleum Safety Authority Norway (PSA) has granted Statoil consent to use the facilities on the Hyme field in the Norwegian Sea. Hyme is an oil and gas field located in the Norwegian Sea, approx. 19 km northeast of Njord and 10 km west of Draugen. The field is developed with a subsea template,
MOG, Genel Sign Two Contracts for Exploration Off Malta
Mediterranean Oil & Gas Plc has announced that it has signed the two key contracts with Genel Energy Plc (“Genel”) that enable Genel’s acquisition of a 75% working interest in MOG’s wholly owned subsidiary, Phoenicia Energy Company Limited (“PECL”). This follows the Government of Malta granting a on
Pertamina Allocates $6.77 Bln in 2013 to Boost Production (Indonesia)
PT Pertamina (Persero) will invest funds of USD $ 6, 77 billion by 2013 for the realization of major projects the company which is intended for the production improvement and retaining national energy infrastructure. The value of such investments is included in the work plan and corporate budget 201
Gurame Well Plugged and Abandoned (Indonesia)
MEO Australia Limited provides the following update in relation to the Gurame SE-1XST well in the Seruway PSC, offshore North Sumatra, Indonesia, in which MEO holds a 100% interest. Since the last report, in accordance with pre-drilling plans, the well was plugged and abandoned at the conclusion of
Federal Judge Approves BP Settlement over Oil Spill Damage (USA)
U.S. District Judge Carl Barbier in New Orleans, Friday, December 21, granted final approval for The Plaintiffs’ Steering Committe settlement over loss and property damage claims stemming from the 2010 BP Deepwater Horizon accident, the largest offshore oil spill in U.S. history. BP was pleased with
Bergen Group Hanøytangen: Yard Stay for Island Innovator
Bergen Group Hanøytangen has been awarded a Letter of Intent (LOI) from Marine Accurate Well ASA (Maracc) for yard stay and rig modification at Hanøytangen for the semi-submersible drilling and well intervention unit Island Innovator. The LOI comprises various yard services and commissioning work to
Optimism of UK Oil and Gas Sector Constrained by Rising Costs, Report Says
The business confidence index published by Oil & Gas UK today (21 December) reveals a slight decline in the third quarter of 2012 from the record high of 65 recorded in the second. The drop in confidence, however, is more likely to be linked to the industry’s buoyant reaction to the incentives annou
Trapoil Completes Acquisition of Athena from Dyas (UK)
Trapoil , the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has confirmed that on 21st December 2012 it completed the previously announced acquisition of a 15 per cent. working interest in the Athena Oil Field (“Athena
Dong Lets Svane Field Go (Denmark)
DONG Energy and partners have, following detailed technical evaluations, decided at the present point in time not to pursue drilling of an appraisal well in the Svane field in the Danish sector of the North Sea. The gas accumulation in Svane is found at a depth of 5.5-6 km at a pressure of 1200-1300
Arctech Delivers Ice-Breaking Supply Vessel for ExxonMobil Sahkalin Project
Arctic offshore vessel NB-506 Vitus Bering was delivered at Helsinki Shipyard on Friday 21.12.2012 to the client Sovcomflot, the largest shipping corporation in Russia. The vessel will supply the Arkutun-Dagi oil and gas field in Sakhalin area, in Far East Russia on a long term charter with Exxon-Mo
BG Hires Borgholm Dolphin Rig for UK North Sea Ops
Fred. Olsen Energy ASA, has entered into a contract with BG International Ltd for the provision of the accommodation semi-submersible Borgholm Dolphin. The contract is for a nine month period commencing 1st of August 2014 supporting operations in the UK sector. The estimated contract value is approx