Fossil Energy
Olympic Shipping Orders Subsea Construction Vessel
Norway’s Olympic Shipping has declared an option for delivery of another subsea support and construction vessel of the MT 6022 MK II design at Kleven Maritime. Delivery date is scheduled for March 2014. Over the last two years Olympic has contracted 6 first class vessels at a value of in total NOK 3
Brenham Oil & Gas Signs PSC for Block Offshore E. Guinea
Brenham Oil & Gas Corp., a subsidiary of American International Industries, Inc., announced that it has executed a Production Sharing Contract with the Government of Equatorial Guinea in West Africa. Pursuant to the terms of the Agreement, Brenham received a 15% participating interest in newly-creat
Boskalis Increases Dockwise Takeover Offer (The Netherlands)
Boskalis has today submitted an increased offer for all the issued and outstanding ordinary shares (the Shares) of Dockwise. The offer stands at EUR 18.50 per share which is an increase of 50 euro cents relative to the offer made on December 17. The offer values Dockwise at EUR 733 million with an e
Eni Completes Appraisal Drilling at Goliat Field (Norway)
Eni Norge AS, operator of production licence 229, has completed drilling of appraisal well 7122/7-6 on the Goliat field, in the Barents Sea, offshore Norway. The objective of the well was to investigate the reservoir properties in the oil-bearing zones that are included in the approved field develop
EMGS, Shell Pen a 3-Year Global Frame Agreement
Norway’s Electromagnetic Geoservices ASA (EMGS) today signed a three-year global frame agreement with Shell International Exploration & Production B.V. (Shell) for the provision of 3D electromagnetic (EM) services. Roar Bekker, EMGS chief executive officer, commented: “We are pleased to enter into t
Otto Secures Loan for Galoc Phase II (Philippines)
Otto Energy Ltd , the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, has provided the following update in relation to the Galoc Phase II development. Execution of Financing Facility Agreement Otto has entered into a binding agreement with BNP Paribas
Statoil Extends Contract for West Epsilon Jack-up Rig (Norway)
North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announced today that Norway’s Statoil has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from December 2014 to December 2016. The estimated value of
MEO Takes Over Operatorship of NT/P79 Permit, Offshore Australia
MEO Australia Limited advises that it has executed binding agreements subject only to normal regulatory approvals, with Finder Exploration Pty Ltd (Finder) to farmin to the NT/P79 exploration permit in the Joseph Bonaparte Gulf. NT/P79 covers an area of 6,415 km2 and is located between MEO’s existin
Atwood Mako Rig Stays with Talisman for One More Year (Thailand)
Atwood Oceanics, Inc. has been awarded a twelve-month contract extension by Salamander Energy (Bualuang) Limited (“Salamander”) for the jackup Atwood Mako. The extension is priced at a day rate of $155,000 and begins September 9, 2013. The Atwood Mako commenced its initial twelve month drilling serv
Technip, Samsung to Supply Topsides for Martin Linge Platform (Norway)
Technip, leader in a consortium with Samsung Heavy Industries (SHI), was awarded by Total E&P Norge, a contract for the Martin Linge development project located approximately 180 kilometers west of Bergen, Norway, in a water depth of 115 meters. The total contract is worth approximately USD 1.25 bil
Statoil Finds More Gas Offshore Tanzania
Statoil today announces that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania. The Statoil-operated Lavani-2 well successfully appraised the Lavani-1 discovery reservoir in the Palaeogene. When deepening the well to the second target, a separa
Jurong Orders Drillship Drilling Equipment from Aker Solutions (Brazil)
Aker Solutions has won a contract to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market. The contract value is undisclosed. On 25 August 2012 Aker Solutions announced a contract to supply six drilling equipment packages to Juro
Anadarko, Eni Ink HOA for Coordinated Development of Gas Reserves in Mozabique
Anadarko Petroleum Corporation today announced that it has reached Heads of Agreement (HOA) with Eni, establishing foundational principles for the coordinated development of the common natural gas reservoirs spanning both Mozambique’s Offshore Area 1 (operated by Anadarko) and Offshore Area 4 (opera
PSA: Heimdal Leak among the Most Serious Gas Emissions on NCS
The Petroleum Safety Authority Norway (PSA) has notified Statoil of an order after its investigation of a hydrocarbon leak on Heimdal platform on 26 May 2012. The report identifies serious non-conformities from the regulations which are significant for safety. The hydrocarbon leak occurred in connec