Fossil Energy
Rosneft, Statoil Promise to Protect Arctic Environment
President and Chairman of the Management Board of Rosneft Igor Sechin and President and CEO of Statoil Helge Lund on Friday signed a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf. Acknowledging that t
BP Names New Upstream Head
BP today announced the appointment of Lamar McKay, 53, as Chief Executive, Upstream. He will take up the position with effect from January 1, 2013. In his new role, McKay will lead BP’s combined Upstream business, comprising the Exploration, Developments and Production divisions together with the Up
Norway: Gov’t Approves Statoil’s Svalin Development Plan
The Ministry of Petroleum and Energy (MPE) Norway has approved the Plan for Development and Operation (PDO) of Svalin. The field is one of Statoil’s fast-track developments, the ninth in a row. “This is the first tie-in field to Grane, and it is one of the most profitable projects in the fast-track
Dahlman Rose & Co Hosts Ultimate Oil Services and E&P Conference (USA)
Dahlman Rose & Co. will host its annual Ultimate Oil Services and E&P Conference on December 3-4, 2012, in New York City. Executives from over 70 leading international oilfield, drilling and exploration & production companies will be presenting at the two-day conference. Keynote speakers include Wea
Reflex Marine’s FROG at ADIPEC 2012 (UAE)
Reflex Marine was represented by EnerMech FZE this year at ADIPEC 2012. EnerMech is one of a group of companies providing regional services to Reflex Marine clients as part of its global portfolio of Accredited Services Centre (ASC). ADIPEC, held at the Abu Dhabi National Exhibition Centre, is the l
Noreco Reports Net Loss of USD 42.7 Mln (Norway)
Norwegian Energy Company ASA (Noreco) presented its third quarter 2012 results, with a negative EBITDA of NOK 32 million (5.6 mln USD) and a net loss of NOK 243 million (42.7 mln USD). The Noreco Group had revenues of NOK 240 million (42.2 mln USD) in the third quarter 2012, an increase of 23 percen
Gulfsands Acquires Additional Interest in Tunisia and Italy Permits
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Tunisia and the U.S.A., announces that the Company has reached an agreement to acquire additional participating interest positions in two exploration permits in Tunisia (Chorbane and Ke
Olympic Shipping Takes Delivery of MPSV Olympic Taurus (Norway)
Norway’s Olympic Shipping has taken delivery of the Olympic Taurus MT 6015 Offshore Supply Vessel from Kleven Verft. Olympic Taurus is a Multipurpose Offshore Vessel with diesel electric propulsion, low fuel consumption and high flexibility. The vessel represent a new generation of environmentally f
Rialto Appoints Interim CEO (Australia)
The Board of Rialto announces the appointment of Robert James Shepherd as Interim CEO of the Company, effective Monday, 26 November 2012. Shepherd has over 20 years of experience in the Oil & Gas industry and brings a wealth of skills to the Company. Rialto also announces that Jeff Schrull, who last
Ocean Installer Celebrates Half Year in Aberdeen (UK)
Six months after Ocean Installer opened its UK office in Aberdeen, the Norwegian subsea entrepreneurial company yesterday welcomed the industry to celebrate the company’s considerable achievements so far. Martin Sisley, UK Managing Director of Ocean Installer, opened the celebrations by reflecting o
Woodside Extends Rig Positioning Contract with Fugro (Australia)
Australia’s Woodside Energy has awarded Fugro Survey Pty a three-year rig positioning contract. Fugro, based in Perth, has held Woodside’s rig positioning contract since 1995. During this time the company has provided rig positioning and ancillary services for in excess of 170 rigs moves, all with n
Gazprom, Petrovietnam Pen Sci-Tech Deal (Russia)
Orenburg hosted the fifth meeting of the Joint Coordinating Committee (JCC) between Gazprom and Petrovietnam State Oil and Gas Corporation as part of the execution of the Strategic Partnership Agreement signed by the companies. The meeting was held by the JCC Co-Chairmen – Vitaly Markelov, Deputy Ch
Spectrum Starts 2nd Phase of Seismic Shoot in Brazil
Spectrum has started the next phase of its 2D campaign in Brazil to acquire an additional 6,000 km over the Foz do Amazonas basin. The program immediately follows on from the phase 1 survey of 15,000 km, which was completed successfully and ahead of time. The phase 2 survey will be completed in the
Lundin Receives Approval for Johan Sverdrup Appraisal Well (Norway)
Lundin Norway AS has received a drilling permit for well 16/3-5, cf. Section 8 of the Resource Management Regulations. The Norwegian Petroleum Directorate has informed that the well 16/3-5 will be drilled from the Bredford Dolphin drilling facility in position 58°46’31.59’’ north 02°42’18.59’’ east