Fossil Energy
Swiber Reports 9-Month Net Profit Increase of 14% (Singapore)
Swiber Holdings Limited, an integrated construction and support services provider to the offshore oil and gas industry today reported a 14.0% increase in net profit to US$46.0 million for the nine months ended September 30, 2012 (“9M2012”), in tandem with a 47.0% surge in revenue to US$689.3 million
Geospace, Statoil Sign LoA for Reservoir Monitoring Systems (Norway)
Geospace Technologies Corporation has received and signed a Letter of Award from Statoil awarding Geospace Engineering Resources International the contract to provide 660 kilometers of seabed seismic reservoir monitoring systems for the Snorre and Grane fields on the Norwegian continental shelf. The
DONG’s North Sea Wildcat Well Get NPD Approval (Norway)
The Norwegian Petroleum Directorate has granted DONG E&P Norge AS a drilling permit for well 3/7-8 S, located in the Norwegian Sector of the North Sea. The drilling programme for well 3/7-8 S relates to drilling of a wildcat well in production licence 147. DONG E&P Norge is the operator with an owne
Hercules Offshore Announces Management Changes (USA)
Hercules Offshore, Inc. announced the appointment of James W. Noe to Executive Vice President, Beau M. Thompson to General Counsel and Secretary, Charles A. Lestage to Deputy General Counsel and Chief Compliance Officer, Cecil H. Bowden to Vice President Engineering and Capital Projects, and John B.
Fastnet Awarded North Celtic Sea Blocks Licensing Option (Ireland)
Fastnet Oil & Gas plc announced that it has been notified by the Petroleum Affairs Division of the Irish Department of Communications, Energy and Natural Resources that it has been awarded a licensing option of part blocks 49/7, 49/8, 49/9, 49/12 and 49/13 in the North Celtic Sea, offshore Ireland.
Hess Charters Lewek Arunothai FPSO (Malaysia)
Ezra Holding’s owned EOC Limited (EOC), has secured its first contract with Hess E&P Malaysia for the charter of the Group’s Floating, Production, Storage and Offloading (FPSO) vessel, the Lewek Arunothai. The Letter of Award will deploy the FPSO Lewek Arunothai, on a three-year fast-track gas produ
Shell Increases Stake in Schiehallion Field (UK)
Shell announced today the signing of separate agreements for the acquisition of Murphy Schiehallion Limited 5.9% stake in the Schiehallion field west of Shetlands and for the sale of Shell’s interest in the Seal area within the Peace River oil sands of Alberta, Canada to Murphy Oil Company Ltd. The
Statoil Working to Increase Peregrino Recovery Rate (Brazil)
Statoil has completed its first multilateral well offshore Brazil as part of the company’s increased oil recovery (IOR) efforts at the Peregrino field. This is the first multilateral well in Brazil with gravel pack in both branches. “Statoil has used this technology to reach world-leading recovery f
BASF, Gazprom in Asset Swap Deal
Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, and Alexej Miller, Chairman of the Management Committee of OAO Gazprom, today (November 14, 2012) signed a legally binding basic agreement to swap assets of equivalent value. Through the swap, BASF aims to further expand its pro
Police Investigates Floatel Superior Incident (Norway)
Following the incident during operations for Statoil alongside Njord A, Floatel Superior is now undergoing a yard stay in Kristiansund for inspection and repair works. The damages caused by the loose anchor have been inspected by Floatel as well as DnV, Petroleumstilsynet and Statoil for the above s
Blue Prosper PSV Hired by Apache (UK)
The platform supply vessel Blue Prosper of PX121 design delivered by ULSTEIN in September has won a long-term contract with Apache for work in the North Sea. Her sister vessel, Blue Fighter, has renewed her contract with Apache. Blue Prosper was delivered from Ulstein Verft to Blue Ship Invest on 6
Chevron Awards AMEC with Barrow Island Engineering Job (Australia)
AMEC, the international engineering and project management company, today announced that the Clough AMEC joint venture (Clough AMEC) has been awarded a contract extension valued in excess of Aus$20 million for the provision of engineering services to Chevron’s oil facilities at Barrow and Thevenard
Italy Re-Opens Sound Oil’s Applications for Offshore Permits
Sound Oil, the Italian focused upstream oil and gas company, announces that it has been advised by the Italian Ministry of Economic Development that it has immediately re-opened the Company’s applications for two of its offshore permits; d150DR-CS (containing the Laura gas discovery) and d148DR-CS,
Statoil Gets Approval for New Well in PL 265 (Norway)
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 16/2-15, cf. Section 8 of the Resource Management Regulations. Well 16/2-15 will be drilled from the Ocean Vanguard drilling rig at position in the North Sea east after completing drilling of apprai