Fossil Energy
MEO Updates on Heron South-1 Drilling Progress
MEO Australia Limited provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni). Since the last report the 178m (7”) liner has been cemented in place to 4,255mMDRT. The forward plan is to clean out the wellbore prior to installing a 114mm
OMV New Zealand Plans to Buy Raroa FPSO
Operator of the Maari Field, OMV New Zealand, today announced the Maari Joint Venture’s decision to exercise its option to purchase the Floating Processing, Storage and Offloading (FPSO) vessel Raroa. The Raroa has been operating at the offshore Maari oil field since 2009 and is currently leased fro
Atlantic Petroleum Buys Emergy Exploration (Norway)
Atlantic Petroleum announces has issued a voluntary offer for 100% of the shares in Emergy Exploration AS based in Bergen, Norway. Emergy Exploration is an independent, upstream oil and gas company focused on the Norwegian Continental Shelf (the “NCS”). The Offer for 100% of the shares in Emergy is
Polarcus Reports 3Q Net Income of $21 Million
The UAE-based owner of seismic vessels, Polarcus Limited, today reported net profit of $21.1 million for the third quarter 2012, an increase compared to the $5.9 million earned in the same period 2011. The third quarter 2012 was the first time Polarcus operated its full fleet complement of eight ves
Forum Energy Technologies Sells Two Mojave ROVs
Forum Energy Technologies, Inc., has signed a contract with Cummings Consulting, Inc. (Cummings). Under the contract, FET will supply two complete Sub-AtlanticTM Mojave Remotely Operated Vehicle (ROV) systems. Both of the Mojave ROVs will be equipped with job specific tooling systems such as; electr
Liebherr to Supply Offshore Cranes for Cygnus Development (UK)
Austria’s Liebherr-Werk Nenzing GmbH, has received an order to provide four offshore cranes of the type RL 2650-25 D EX Litronic® to GDF SUEZ E&P UK for the Cygnus gas field project, situated in the southern North Sea. The Cygnus gas field is the largest to be discovered within the last 25 years in
Gorgon Half Completed. Costs Could Grow, Executive Says (Australia)
Gorgon natural gas development, located offshore Western Australia, and one of Chevron’s most important projects, is 50 pct complete and still on track to deliver first gas in 2014, Chevron’s executive said at an industry conference, Reuters reports. The final investment decision for the project, on
Maersk Drilling 3Q Income Impacted by Costly Start-Ups
Denmark’s Maersk Drilling reported a drop in profit in the third quarter 2012. The company’s net income for the quarter was USD 87 million compared to USD 139 million in the third quarter of 2011. The latest quarterly result was negatively impacted by two delayed contract start-ups and maintenance y
BP, AAR Resolve Disagreements
UK’s BP and Russian consortium AAR, joint shareholders in TNK-BP, today announced that they have reached a comprehensive agreement to settle all outstanding disputes between them, including the current arbitrations brought by each against the other. The agreement includes an immediate waiver of the
WFS Tests Wireless Subsea Modem at The Underwater Centre (UK)
An innovative new wireless subsea modem has been trialled at The Underwater Centre, a unique subsea testing and training facility in Fort William, Scotland. WFS Technologies – the world’s leading supplier of wireless technology for underwater communication, navigation and power transfer – trialled t
Lamprell Names Interim CFO (UAE)
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announced that Frank Nelson has been appointed as Interim Chief Financial Officer and will join the senior management team with immediate effect. Ne
HB Rentals Strengthens it Middle East Expansion with New Partnership
HB Rentals, the global offshore accommodation specialist to the oil and gas industry, has further enhanced its expansion in the Middle East by announcing a partnership with Mubarak A AlSuwaiket & Sons Oil and Gas Services Co in Saudi Arabia. This agency agreement expands HB Rentals’ capability into
EBDC Appoints New Marketing Manager (Denmark)
Esbjerg Business Development Centre is continuing its ambitious growth strategy for the Municipality of Esbjerg, Denmark, as a focal point for the energy sector, through the appointment of Lone Aaboe Jessen as its new Marketing Manager. Jessen has considerable international and regional business exp
Expro Launches SafeWells at SPE ICoTA Conference (UK)
International oilfield services company, Expro, is officially launching its well integrity software solution at this year’s SPE ICoTA European Well Intervention Conference, in Aberdeen. SafeWells is a software solution specifically developed by Expro as an effective well integrity data management sy