Fossil Energy
CGX Energy to Drill Two Wells Under New Corentyne PA (Guyana)
CGX Energy Inc. has transitioned to a new Corentyne petroleum agreement (“Corentyne PA”) and petroleum prospecting license (“Corentyne PPL”) offshore Guyana effective as of November 27, 2012, renewable after four years for up to ten years. The new Corentyne PA applies to the former offshore portion
Oil & Gas UK Welcomes TAQA’s Acquisition of BP’s North Sea Assets
Transfer of UK Oil and Gas Assets to new independents could boost investment and production, according to Oil & Gas UK. Noting the sale of a number of BP’s central North Sea oil and gas fields to TAQA today, Mike Tholen, Oil & Gas UK’s economics and commercial director, said: “We warmly welcome the
Statoil to Use Songa Delta for Drilling on Stjerne Field (Norway)
Statoil Petroleum AS (Statoil) has received consent to use Songa Delta semi-submersible rig for drilling, sidetrack drilling and completion on the Stjerne field. Statoil will use the rig for drilling, sidetrack drilling and completion on the Stjerne field in production licence 104. The Stjerne field
Western GoM Lease Sale Attracts $133 Mln in Bids
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Department of the Interior’s Bureau of Ocean Energy Management yesterday held Western Gulf of Mexico Lease Sale 229, which offered over 20 millions acres and attra
Shell Hires EMGS for EM Survey Offshore Malaysia
Norway’s Electromagnetic Geoservices ASA (EMGS) has secured a contract worth $7 million by Shell to acquire 3D electromagnetic (EM) data offshore Malaysia. The 3D EM survey will be performed from the vessel EM Leader and will start upon completion of its current work program. “This contract award co
EBRD Divests 20 Pct of Its Shares in OMV Petrom (Romania)
The EBRD has sold 229,554,012 shares in OMV Petrom S.A., a leading company in the oil and gas sector located in Romania, which is listed on the Bucharest Stock Exchange. The partial sale represented 20 per cent of the Bank’s holding. The EBRD became a shareholder of Petrom in 2004 to support the pri
Sterling Farms Out Stake in Its North Sea Assets to Shell (UK)
Sterling Resources Ltd. has signed a deal with Shell to farm out a 40 percent participating interest in UK License P1792 covering Blocks 21/30f and 22/26c in the Central North Sea containing the Beverley prospect and the Belinda and Evelyn discoveries. Sterling was awarded these blocks in the UK 26t
Wood Group Kenny Wins FEED for Rosebank Export Pipeline (UK)
Wood Group Kenny has been awarded the Gas Export Pipeline Front End Engineering Design (FEED) by Chevron North Sea Ltd for their Rosebank West of Shetland development. “This is excellent news and keeps us positioned as leaders in the design of pipeline systems in the extreme and hostile environment
Pangea, Tamar Partners Share Israeli FLNG Costs
A Cost Sharing Agreement (CSA) has been executed between Levant LNG Marketing, a subsidiary of Pangea LNG B.V., and Tamar Partners. This major milestone demonstrates the continuing progress toward the export of LNG from the Tamar and Dalit fields in the Eastern Mediterranean, 60 miles offshore from
Stork Technical Services, Subsea 7 Sign Cooperation Agreement
Stork Technical Services, the leading global provider of knowledge-based asset integrity services for the oil and gas, chemical and power sectors, today announces it has secured a global frame agreement with Subsea 7 to deliver a range of inspection and expediting services. The agreement, over the n
Seadrill Ups Stake in AOD
Seadrill yesterday bought additional 1,887 shares of Asia Offshore Drilling Limited (AOD) at a price of NOK 28.70 per share. The international offshore drilling contractor now owns 26,379,530 shares in the Company, corresponding to 65.95% of the total number of outstanding shares in the Company. Sea
Shell Increases Stake in Habanero Offshore Field (USA)
Callon Petroleum Company (CPE) has entered into an agreement to sell its 11.25% working interest in the Habanero field (Garden Banks Block 341) to Shell Offshore Inc., the operator of the field, for a contemplated base purchase price of USD $42 million. The effective date of this transaction will be
Petrobras Orders Gas Processing Technology for 8 FPSOs
UOP LLC, a Honeywell company, announced that its technology has been selected by Petrobras to process natural gas aboard up to eight Floating Production, Storage and Offloading (FPSO) vessels. Honeywell’s UOP Separex™ membrane systems will be installed on the new FPSOs that will operate in the Lula
Sete Brasil Orders Drillship from Sembcorp
Sembcorp Marine Ltd, has secured a drillship contract worth US$806.4 million from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of a drillship based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. This is the 7th unit of a series of drillships that S