Fossil Energy
BHP Billiton Sells Offshore Australia Assets to Petrochina for $1.63 Bln
Australia’s BHP Billiton has signed a definitive agreement with PetroChina International Investment (Australia) Pty Ltd to sell its 8.33 per cent interest in the East Browse Joint Venture and 20 per cent interest in the West Browse Joint Venture, located offshore Western Australia, for a cash consid
Statoil to Use Ocean Vanguard Rig to Drill Exploration Well in PL 169 (Norway)
Statoil Petroleum ASA has received consent to carry out exploration drilling with the Ocean Vanguard mobile drilling facility. The consent relates to drilling of well 25/11-26 which is part of production licence 169. The well is located in the North Sea, west of Stavanger and is situated approx. 178
ADOC Acquires Hail Field Offshore UAE
Abu Dhabi Oil Co., Ltd. (Japan), (ADOC), a subsidiary of Cosmo Oil Co., Ltd. and an oil operating company in Abu Dhabi, United Arab Emirates, has announced that the New Concession Agreement with the Supreme Petroleum Council of Abu Dhabi ,(SPC), has come into effect as of 6th December, 2012. ADOC ha
Tullow: Oil Production Starts at Jubilee Phase 1A (Ghana)
Tullow Oil plc (Tullow) announces today that in Ghana, West Africa, Jubilee Phase 1A production has commenced and the Okure-1 exploration well has encountered low net to gross oil bearing reservoir in a secondary objective. In Guyana, South America, Tullow has let its interest in the Georgetown Lice
NZOG Bags Two New Blocks in New Zealand’s 2012 Blocks Offer
New Zealand Oil & Gas has been awarded two new exploration permits from the New Zealand Government’s 2012 Blocks Offer. The new exploration permits for two block covering around 635 square kilometres. The blocks awarded are 12TAR- 07 (PEP 54867), located onshore Taranaki and 12TAR-08 (PEP54857) situ
Shell Awarded Exploration Permit Offshore New Zealand
Shell GSB Ltd (Shell) today announced it has been awarded, as operator together with its joint venture parties OMV New Zealand Limited and Mitsui E&P Australia Pty Limited, an exploration permit for the Great South Basin block 12GS2. This permit area lies directly to the east of exploration permit P
Aker Solutions, Shell Ink 5-Year Agreement for Delivery of Subsea Umbilicals
Aker Solutions, a Norway-based oilfield services provider, has signed a frame agreement with Shell for the delivery of subsea umbilicals and cables globally. The size of the frame agreement is dependent on call-offs and the number of projects that Shell decides to execute. However, Aker Solutions es
Ensco 85 Rig Starts Drilling Ops at Pathum-1 Well in Thailand
Tap Oil Limited, an independent Australian oil and gas company, today announced that the Ensco 85 rig has arrived on drilling location in the Gulf of Thailand. The rig will drill the Pathum-1 exploration well. The Pathum-1 exploration well is the third and final well in the Thailand 2012 exploration
Coretrax Moves to New Headquarters (UK)
Aberdeen-based oilfield services firm, Coretrax, has moved to a new purpose built HQ with an investment of £2.4million into the office and workshop space. Formed in 2008, the company had outgrown its previous offices in Altens, Aberdeen. The firm moved last month to accommodate its range of wellbore
Pertamina Buys Anadarko’s Assets in Indonesia
Indonesia’s oil company PT Pertamina (Persero) through Pertamina Hulu Energi has signed a definitive acquisition agreement with Anadarko Offshore Holding Company LLC to gain 100% ownership of Anadarko Ambalat Limited, Anadarko Bukat Limited, and Anadarko Indonesia Nunukan Company. The fee for the tr
Atwood Manta Arrives at Bua Ban North B Field (Thailand)
Coastal Energy Company, an independent exploration and production company with assets in Thailand, announced that the Atwood Manta jack-up rig has arrived on location at the Bua Ban North B field and is currently rigging up. The Company plans to drill eight development and appraisal wells at Bua Ban
Statoil to Use New Production Pipeline on Visund Sør Field (Norway)
The Petroleum Safety Authority Norway has given it consent to Statoil to use a new production pipeline and well on Visund Sør offshore oil and gas field. Visund Sør is located ten kilometres from the Gullfaks C and Visund A platforms in the Norwegian par of the North Sea and is part of production li
Tullow Acquires Spring Energy Norway for $372 Mln
Tullow Oil plc announces today that it has entered into an agreement to acquire Spring Energy Norway AS (“Spring”), a Norwegian exploration company, for a purchase price of $372.3 million which will be adjusted for working capital. The purchase has an effective date of 1 September 2012. Tullow is al
Aberdeen Harbour a Step Closer to Expansion (UK)
Aberdeen Harbour Board has submitted a Directions for Growth document to the National Planning Framework, in response to its call for candidate developments. The document outlines the findings from an ongoing feasibility study, which was launched in September to assess the viability of potential exp