Fossil Energy
Lundin Discovers Gas Offshore Malaysia
Lundin Petroleum has completed Tembakau-1 well in PM307 Block, offshore Peninsula Malaysia, as a gas discovery. Tembakau-1 was a vertical well drilled to a depth of 1,565 metres in 67 metres water depth. The well discovered a series of stacked gas pay sands in the target Miocene objective. Overall t
Roc Oil: First Oil From Beibu Field in 2013 (China)
Roc Oil (China) Company, a wholly owned subsidiary of ROC, advises that following conclusion of the exploration drilling and receipt of NDRC approval of the Beibu Project Overall Development Plan, the final phase of construction (currently 89% complete) and development drilling for the WZ6-12 and WZ
PGS Pens 10-Year Deal for Seismic Surveys Off Namibia
Petroleum Geo-Services (PGS) has signed an agreement with the National Petroleum Corporation of Namibia Limited (NAMCOR), for the acquisition of both 2D and 3D MultiClient seismic offshore Namibia. Under the 10 year agreement, PGS will begin its operations with the acquisition of a large 2D regional
Vantage Drilling Invests in Sigma and New Drillship
Vantage Drilling Company has entered into a joint venture with an affiliate of Skeie Group and other investors for purposes of constructing a new, high specification drillship at STX Offshore & Shipbuilding Co. Ltd.’s yard in South Korea. Through its investment of $31 million in the joint venture en
Diavaz Extends Contract for Arbol Grande Vessel (Mexico)
DeepOcean has secured an 18 months extension on Arbol Grande vessel with offshore contractor Constructora Subacuatica Diavaz, S.A. de C.V. (Diavaz), in Mexico. The new contract is valid until end 2014. DeepOcean was awarded the original contract in 2003 and Arbol Grande has been working in Mexican w
Tullow Oil Buys Stake in Offshore Guinea Block from Hyperdynamics
Hyperdynamics Corporation today has entered into an agreement with Tullow Oil plc, for the sale of a 40% gross interest in Hyperdynamics’ oil and gas exploration concession offshore Guinea and the transfer of operatorship to Tullow. Subject to the completion of due diligence, the sale is expected to
ConocoPhillips to Use Ekofisk Subsea Facility for Water Injection (Norway)
ConocoPhillips Skandinavia AS (ConocoPhillips) has received consent to use the Ekofisk 2/4-VB subsea facility for water injection on the Ekofisk field. ConocoPhillips has received consent to use the Ekofisk 2/4-VB subsea facility. The facility will inject water into the reservoir to stimulate oil pr
Statoil to Drill at Tyrihans with Transocean Leader Rig (Norway)
Statoil Petroleum AS (Statoil) has received consent to use Transocean Leader for production drilling and completion on the Tyrihans field in the Norwegian Sea. Statoil has received the Petroleum Safety Authority Norway’s (PSA’s) consent to use the Transocean Leader mobile drilling facility for produ
Memorial Production Partners Buy Assets Offshore California
Memorial Production Partners LP has signed a definitive agreement to acquire certain oil and gas producing properties offshore Southern California from Rise Energy Partners, LP for a purchase price of $271 million, which includes $3 million of working capital and other customary adjustments. Thi is
Ashtead Technology Continues Global Expansion, Appoints Middle East Agent
Leading international subsea equipment solutions specialist Ashtead Technology Offshore today announced that it has appointed an agent in the Middle East to support its continuing global expansion. The Aberdeen-headquartered company has completed an agreement with Abu Dhabi-based Technical Equipment
Harvest Starts Drilling Offshore Gabon
Panoro Energy ASA. the independent oil and gas company with assets in West Africa and Brazil, has announced that drilling of the Tortue Marine-1 prospect on the Dussafu Marin Permit, offshore Gabon has commenced. The well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig. The
Oil & Gas UK Seminar to Focus on Marine Planning Issues
The annual Oil & Gas UK Environmental Seminar, sponsored by Statoil, will this year focus on various aspects of marine planning issues in relation to offshore oil and gas activity. The keynote speech will be delivered by Paul Wheelhouse MSP, Scottish Minister for Environment and Climate Change. He s
Norsafe Reaches Record Order Backlog (Norway)
Norsafe has received orders for 400 million NOK (approx. 69 million USD) over the course of one month, reinforcing its role as the world’s leading manufacturer and supplier of maritime lifesaving systems. During October 2012 the sales department signed contracts for a value greater than NOK 400 mill
Aalberts Industries Acquires BSM Valves (The Netherlands)
Aalberts Industries N.V. has reached an agreement to acquire 100% of the shares of BSM Valves B.V. in the Netherlands. BSM Valves specialises in high performance valves, mainly for the oil and gas market. The acquisition will take effect after all the formalities for the acquisition have been comple