Fossil Energy
Premier Abandons Cyclone Well (UK)
Premier Oil has announced that the Cyclone well in UK block 21/7 has reached a total depth of 6,076 feet and is being plugged and abandoned. The well, drilled by the WilPhoenix semi-submersible rig, encountered 105 feet of Palaeocene Cromarty sands but the well logs identified only residual oil. Thi
Chevron Earmarks $33 Bln for Exploration and Production in 2013
Chevron Corporation has announced a $36.7 billion capital and exploratory investment program for 2013. Included in the 2013 program are $3.3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. “Our exploration program continues to discover additional gas reso
Seabird Secures Asia Pacific Work for Aquila Explorer
SeaBird Exploration Plc has received a letter of award from a Company in the Asia Pacific region for the Aquila Explorer vessel. The contract has an estimated duration of 75 days with a value of approximately USD 8 million, with an optional extension of about 45 days with a value of USD 5 million. S
BG Awards Technip with EPCI Contract for Starfish Field (Trinidad)
Technip has been awarded by BG International Ltd (BG) a lump sum engineering, procurement, commissioning and installation (EPCI) contract for the development of the Starfish field. Located in the East Coast Marine Area, offshore Trinidad, the field lies at a water depth of approximately 130 meters a
Jumbo Hired for FPSO Mooring Job in UK North Sea
Jumbo has been awarded a FPSO mooring, installation and hook-up contract by EnQuest. EnQuest is redeveloping the Ardmore and Duncan fields as Alma and Galia respectively. The project scope is the mooring spread installation and FPSO tow out and hook up. This will be the first offshore project in whi
36 Oil Firms Apply for Norwegian Offshore Blocks
The Ministry of Petroleum and Energy in Norway has received applications from 36 companies by the deadline for applications in the 22nd licensing round on the Norwegian continental shelf. The Ministry intends to award new production licences before the summer of 2013. “I am pleased to see such exten
Saab Seaeye Delivers ROV to Kreuz Subsea
Singapore-based Kreuz Subsea, take delivery of their new Saab Seaeye Panther XT Plus at OSEA 2012 in Singapore. Operations manager Robert Black sees it as a “formidable vehicle”. “It has incredible strength and an unrivalled speed and agility which means it can swim around divers safely whilst under
Steel Cutting Ceremony Held for Cygnus Alpha Wellhead Platform (UK)
The ceremonial first cut of steel for the £1.4 billion (GBP) Cygnus gas field project was celebrated today by operator GDF SUEZ E&P UK and partners Centrica Energy and Bayerngas at Heerema Fabrication Group’s Hartlepool yard in North East England. Stuart Drummond, mayor of Hartlepool, performed the
Petrobras: 4th Oil Discovery in Sergipe-Alagoas Basin (Brazil)
Brazil’s oil company Petrobras announces the discovery of a new light hydrocarbon accumulation in ultra deepwaters of the Sergipe-Alagoas Basin, in the concession area BM-SEAL-10, block SEAL-M-424. The discovery took place during drilling of well 1-BRSA-1108-SES (1-SES-172). The well is 85 km off th
Lundin Petroleum Signs New PSC in Malaysia
Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary, Lundin Malaysia BV, has signed a new production sharing contract (PSC) with PETRONAS covering block PM319, offshore Peninsular Malaysia. Block PM319 covers an area of approximately 8,400 km2 and is loca
Total: Significant Oil Find in U.S. Gulf of Mexico
Total announces a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico. The discovery well encountered several hundred feet of net oil pay in Lower Tertiary sands which included several high-quality intervals. Total estimates this discovery
Siem Offshore Secures OSCV Charter (Norway)
Siem Offshore has entered into a charter agreement for one of its Offshore Subsea Construction Vessels (OSCV). The agreement is with an international subsea contractor, it’s made at market terms and is for a firm period of five years with two yearly options. The charter shall commence in third quart
Bibby Offshore Completes ROV Intervention for Centrica (UK)
Bibby Remote Intervention Limited (BRIL) has successfully completed a Remotely Operated Vehicle (ROV) intervention project for Centrica Energy, worth around £900,000. BRIL is the latest division of Aberdeen-based subsea installation contractor, Bibby Offshore, and was established in late 2011 with t
SNC-Lavalin Announces Change in Management (Canada)
SNC-Lavalin announces that Andy Mackintosh, Executive Vice-President in charge of the Hydrocarbons & Chemicals business unit, has accepted a position with another company and has resigned, effective immediately. Ric Sorbo, Senior Vice-President and General Manager of Hydrocarbons & Chemicals, has be