Fossil Energy
BP Facing Record Fine in Deepwater Horizon Settlement
British oil giant BP could pay a record fine and plead guilty to criminal misconduct in the Deepwater Horizon disaster as a part of the plea deal with the U.S. Department of Justice, Reuters has reported, citing sources close to the matter. The agreement could be announced as early as today, Reuters
SBM Offshore Sells DSV Dynamic Installer
SBM Offshore, a Dutch based provider of systems and services to the global offshore oil and gas industry, today, November 15, announced it has sold a Diving Support Vessel to Dulam. The vessel, DSV Dynamic Installer, has been sold to the Dubai-based subsea services company, Dulam, for USD 14.8 milli
Subsea 7 Bags Largest Ever SURF Contract in Norway
Subsea 7 S.A. today announced the award of a subsea, umbilical, riser and flowline (SURF) contract valued at approximately $800 million from Total E&P Norge AS for the development of the gas field Martin Linge, located 180 km west of Bergen in the North Sea. The contract comprises engineering, procu
Shell Awards Technip Framework Agreement
Technip was awarded by Shell Global Solutions (Malaysia) Sdn Bhd a framework agreement for offshore facilities in a region covering Asia, Australia, and New Zealand (“East region”). The contract is for a period of five years, with an additional five-year extension option. The contract concerns engin
Craig Group Reports ‘Healthy’ 2012 Results (UK)
Aberdeen head-quartered global shipping and energy services firm, Craig Group, has announced results for the year ending April 2012. The privately owned, family-run business has reported turnover of £123.3 million with operating profits of £14.8 million. This is an increase on their 2011 turnover of
Indonesia: Gov’t Dismantles BPMigas. AWE Not Worried
Constitutional Court of Indonesia has dismantled BPMIGAS as the state upstream oil and gas regulator. According to Jakara Post the government is considering transferring the functions of the now-defunct BPMigas to a subsidiary of state energy firm PT Pertamina. It has been reported that all the prod
Total to Operate Al Khalij Field for 25 More Years (Qatar)
Qatar Petroleum and French oil company Total today signed a Heads of Agreement on Al Khalij field, offshore Qatar, for a further 25 years. Located about 130 kilometers east of the Qatari coast, Al Khalij field was discovered by Total in 1991 and commenced production in 1997 pursuant to an Exploratio
Shell: Global Natural Gas Demand to Increase 60% by 2030
Royal Dutch Shell plc hosted a management day with investors today, focusing on global gas and Asia Pacific Upstream. Outlining Shell’s global gas strategy, CEO Peter Voser said: “Strong growth in gas markets, especially Integrated Gas, is a major opportunity for Shell and our shareholders. Our Inte
COSLInnovator Starts Troll Field Operations (Norway)
COSL Drilling Europe today announced that its COSLInnovator semi-submersible drilling rig started operations on the Statoil’s Troll field in Norway. Statoil is using the rig to drill the well 31/2-K-23 in the Norwegian part of the North Sea. Statoil’s contract with COSL Drilling Europe for the use o
Buccaneer: Endeavour Almost Good to Go (Alaska)
Buccaneer Energy has today announced that works on Endeavour jack-up rig are nearing completion and the Endeavour will soon be ready for operations. Prior to its acquisition in November 15, 2011, the Endeavour had been idle for several years, and Buccaneer and its venture partners, AIDEA and Ezion,
Singapore’s Swiber Bags $143 Mln Worth of Contracts
Swiber Holdings Limited (“Swiber” or together with its subsidiaries, the “Group”), a world class integrated construction and support services provider to the offshore industry, announced that it has clinched sizeable contract wins worth approximately US$143 million. This comprises an approximate US$
MWCC Exhibits at Clean Gulf Exhibition (USA)
For the second year in a row, Marine Well Containment Company (MWCC) will take part in North America’s leading oil spill prevention and response conference and exhibition, Clean Gulf, in New Orleans. Held in New Orleans November 14-15, three MWCC executives will present as part of the “Deepwater Pre
Statoil to Use Maersk Inspirer for Volve Field Drilling (Norway)
The Petroleum Safety Authority Norway (PSA) has granted Statoil consent to carry out drilling and completion of wells on the Volve offshore field with the Mærsk Inspirer jack-up drilling rig. The consent relates to drilling, sidetrack drilling, plugging, completion and well interventions. Volve fiel
Sterling Adds New Member to Its Board of Directors (Canada)
Sterling Resources Ltd. announced that John P. Collenette has been appointed to Sterling’s Board of Directors, effective November 13th, 2012. Collenette has more than 30 years of experience in finance and commodity trading, most recently as a senior finance executive with Vitol Services Limited. He