Fossil Energy
NPD: Twelve Discoveries Made in Norway in 2012
The Norwegian Petroleum Directorate has announced that so far this year, 12 discoveries have been made on the Norwegian shelf. Six of these were made in the North Sea, and three in the Barents Sea and the Norwegian Sea respectively. A total of 27 wildcat wells have been completed, giving a discovery
Ownership Changes in Aibel (Norway)
Ratos, a Swedish limited company with an industrial focus that invests principally in medium-sized to large unlisted Nordic companies, and the Sixth AP Fund together with the Norwegian industrial and financial group Ferd, have signed an agreement to acquire all the shares in Aibel, a leading Norwegi
North Energy ASA: Jette Discovery Not Commercial (Norway)
Drilling of exploration well 6607/12-3 on the Jette prospect in licence PL385 in the Norwegian Sea is about to be completed. According to a statement issued by North Energy ASA, the well has encountered gas, but preliminary calculations indicate that the discovery is not commercial. “More evaluation
Technip Bags Pipeline Installation Job in U.S. Gulf
Technip has been awarded by the Discovery System a lump sum pipeline installation contract for Discovery’s South Timbalier Block 283 Junction Platform project. The pipelines will be installed between existing facilities in South Timbalier 280 and Ewing Bank 873 and the new platform in Block 283,at w
Sinopec Buys 49 Pct of Talisman’s UK North Sea Business
Talisman Energy Inc. today announced the completion of its joint venture transaction with Addax Petroleum UK Limited (APUK), an indirect wholly-owned subsidiary of China Petrochemical Corporation (Sinopec Group) following receipt of government and regulatory approval. “We are very pleased to be part
Exxon Mobil Searching for Oil Offshore South Africa
Exxon Mobil Corporation will soon begin exploration activities offshore South Africa. The company signed an agreement with Impact Africa Limited (Impact), a subsidiary of Impact Oil & Gas Limited, to acquire a 75 percent participating interest in the Tugela South Exploration Right and will become op
INPEX Secures $20 Bln in Loans for Ichthys LNG Project (Australia)
The INPEX-led Ichthys LNG Project in Australia has finalized arrangements for US$20 billion in project finance loans including those with eight export credit agencies (ECAs) and 24 commercial banks. According to the press release issued by INPEX, the Ichthys project financing is the biggest project
VOS Sailor Severely Damaged, the Owner Says
Vroon Offshore Services has announced that its VOS Sailor ERRV has suffered severe damage following very rough weather conditions in the Balmoral Field off Aberdeen, UK, Saturday morning. As previously reported, one of the crew members on board the vessel has suffered fatal injuries as a result of t
Dana Petroleum Orders FPSO from COSCO Nantong?
China’s COSCO Nantong Shipyard Co. Ltd. today announced it has secured a contract valued over USD370 million from a European company to build an FPSO. The FPSO will measure 78 meters in diameter, 32 meters high and will have a storage capacity of up to 400,000 barrels of oil. The FPSO is scheduled f
Reef Subsea Completes Ormen Lange Job
Reef Subsea Dredging & Excavation announced today they have recently completed a fast track project for A/S Norske Shell on the Ormen Lange Mid North Development. From the initial seabed preparation contract, the company was awarded significant additional work on the project which lasted six months
Statoil Gets Approval for Extended Use Floater Superior (Norway)
Statoil has received consent for extended use of Floatel Superior as a living quarters facility on Njord, as a result of delayed progress in work on the field. On 22 June 2012, Statoil received consent to use Floatel Superior as a living quarters facility on Njord during a period with very high acti
Centrica to Use Vale Beyond Planned Lifetime
Centrica Energi has received consent to use the facilities on the Vale field beyond the original planned lifetime. Vale is a gas condensate field located in block 25/4 in the central part of the North Sea, approx. 16 km north of Heimdal, at a depth of 115 metres. The field was developed with a subse
Amarcon Equips Dockwise Vanguard with OCTOPUS-Onboard
Amarcon, a member of the ABB group, today announced that it has received an OCTOPUS-Onboard order for the new build Dockwise Vanguard. This vessel is the largest and most advanced heavy lift vessel ever built. The vessel was launched in November 2012 and is currently undergoing her sea trials. Dockw
Caspian Driller to Arrive in Turkmenistan in Mid-2013
The Caspian Driller jack-up drilling rig, hired by Dragon Offshore, was inaugurated during a ceremony on 10 December 2012 in Astrakhan, Russia. Dragon Offshore announced that the anticipated delivery time for the leased Caspian Driller jack-up rig into the Cheleken Contract Area offshore Turkmenista