Fossil Energy
Faroe Petroleum: No Development of Freya and Fulla Discoveries
Faroe Petroleum, an independent oil and gas exploration firm, has announced today, November 2, it will relinquish the licence P161, located west of Shetland Islands. The licence, operated by Faroe Petroleum with 50 per cent interest, contains Freya and Fulla discoveries, however, the company has bee
Aquaterra Energy to Supply Centralisers for BP’s Caspian Platform
Aquaterra Energy, a supplier of centraliser products has secured a contract to design and install 260 centralisers for BP Azerbaijan in their latest development on the West Chirag Platform in the Azeri-Chirag-Guneshli (ACG) oil fields in the Caspian Sea. The Aquaterra Energy contract includes pre-en
Rockhopper Secures Extension of Licences in Falkland Islands
Rockhopper, the North Falkland Basin oil and gas exploration company, has received notification that The Falkland Islands Government has granted a one year extension (to 18 November 2013), with no further work commitments, of Production Licences PL023 and PL024, in which Rockhopper has a 40 per cent
Shell’s 2012 Drilling Season Offshore Alaska Comes to End
Anglo-Dutch oil company Shell, last night announced it concluded its 2012 drilling campaign offshore Alaska, USA. After several weeks of drilling at Beaufort and Chukchi Seas, the mandatory close of the offshore Alaska drilling window has put the oil giant’s arctic drilling season to an end. In a st
Cathelco Supplies Caspian Sea Platforms with ICCP Systems
Cathelco are supplying corrosion protection systems for a series of offshore platform foundations which are being constructed for Lukoil to extract oil and gas in the Caspian Sea. The impressed current cathodic protection (ICCP) systems have been designed to operate in the rigorous conditions of the
ExxonMobil 3Q Earnings Down 7 Pct (USA)
The largest energy company in the world by market value, ExxonMobil today, November 1, reported a 7 percent drop in its quarterly profit. In a press release issued today, the U.S. oil giant revealed that its third quarter 2012 earnings were $9.6 billion, compared to $10,3 billion earned in the same
ProSep Supports Large Offshore Project in Australia
ProSep Inc., dedicated to providing process solutions to the oil and gas industry, today, November 1, announced that its majority owned South-Korean joint venture ProSep Kolon Company Limited (“ProSep Kolon”), was awarded two contracts for the supply of a seawater filtration package and mercury remo
AGR: New Software Brings Revolution to Logistics Planning in O&G Industry
Aberdeen-based oil and gas service and technology provider AGR has launched a new logistics and materials management software programme for the oil and gas industry. The new software looks set to revolutionise logistics planning for the oil and gas industry by streamlining what previously required m
Golar, Keppel Dive into FLNG Adventure
Golar LNG Ltd announced today that it has reached agreement for the development of the Company’s first floating liquefied natural gas vessel (FLNGV). The agreement is with Keppel Shipyard Limited (“Keppel”) and is based on the conversion of existing Moss LNG carriers of which Golar owns three potent
SapuraKencana Wins $229 Mln Underwater Services Job (Malaysia)
Petronas Carigali Sdn Bhd has sent a letter of award to Allied Marine & Equipment Sdn Bhd, for the provision of underwater services on a 3,5 years contract. Under the contract, worth approximately $229 million, Allied, a subsidiary of SapuraKencana, will provide underwater services, including inspec
AusGroup Lands Gorgon Job (Australia)
AusGroup Limited subsidiary, AGC Industries Pty Ltd („AGC‟), an Australian based fabrication and construction group, today announced it has secured fabrication work with Subsea 7, a seabed-to-surface engineering, construction and services contractor to the offshore energy industry worldwide. The con
SapuraKencana Bags Wellhead Platform Order from Hess (Malaysia)
Malaysia’s largest oilfield services provider, SapuraKencana has received a letter of award from Hess Corporation for engineering, procurement, construction and commissioning of a wellhead platform. SapuraKencana’s subsidiary, Kencana HL Sdn Bhd will, under the award, provide the Kamelia-A WHP for H
Magellan Inks Offshore Australia Seismic Deal
Magellan Petroleum Corporation today announced that it has executed a contract with Seabird Exploration FZ-LLC for the seismic recording vessel Voyager Explorer to undertake a 75 square mile 3-D and an 84 square mile 2-D seismic survey within Magellan’s NT/P82 Exploration Permit (“NT/P82”), offshore
PSA Norway: Heidrun Emergency Preparedness Need Improvement
The Petroleum Safety Authority Norway (PSA) today announced it had carried out an audit of leadership and management of preparedness on Statoil’s Heidrun field from 3-4 September 2012. The objective of the audit was to gain an overview of processes and systems that contribute to ensuring comprehensi