Fossil Energy
Siem Offshore Orders PSV (Norway)
Norway’s Siem offshore has ordered a Platform Supply Vessel, with an option for one additional vessel, from Hellesoy yard in Norway. The dual fuel vessel, once delivered, will start a four-year contract, with four one-year options, with Total E&P Norge AS. The contract with the subsidiary of French
Independent Oil and Gas to Operate Two New Blocks in UK North Sea
Independent Oil and Gas Ltd (“IOG”), the North Sea focused Oil and Gas Company, has announced that in the UK 27th Licensing Round it has been offered a licence for blocks 8/20 and 8/25. These blocks will be 100% owned and operated by IOG and could be tied back to a future development of the [&hellip
Eni to Start Production Tests at Heron South-1 (Australia)
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 last progress report, operations are underway to ream the 216mm (8 1/2″) hole prior to running and cementing the liner. The well is interpreted to have
Palfinger Acquires Bergen Group Dreggen (Norway)
Bergen Group Technology AS, a subsidiary of Bergen Group ASA, has today entered into an agreement to sell its crane producer Bergen Group Dreggen AS to a subsidiary of Austrian-based Palfinger AG. Palfinger AG is listed on the Vienna Stock Exchange. The transaction will generate an estimated positiv
Eni’s Profit Rises (Italy)
Italy’s Eni, the international oil and gas company, today net profit of €6.33 billion for the nine months and €2.48 billion for the quarter 2012. The oil company’s net profit was at €5.61 billion for the nine months (an increase of 4.6%) and €1.78 billion for the quarter (up 3.1%). Oil and natural g
Gov’t Gives Nod for Primeline, CNOC PSC (China)
Primeline Energy Holdings Inc. has received confirmation of the approval of the petroleum contract for Block 33/07 (“Petroleum Contract 33/07”) from the Ministry of Commerce in China. As previously announced, Primeline and CNOOC entered into a new petroleum contract for Block 33/07 on 15th June 2012
Keppel Strikes Steel on Floatel Endurance (Philippines)
Floatel Endurance, worth US$315 million, will be built to the Floatel Superior design, a DSSTM 20NS design developed by GustoMSC and Keppel FELS’ Deepwater Technology Group.
22 New Blocks for Dana Petroleum in UKCS
Dana Petroleum plc (“Dana”) has secured a further 22 blocks and partial blocks over seven areas in the North Sea in the UKCS 27th licencing round. Of the awarded blocks, Dana is operator of block 13/23d (Dana 100%) in the Inner Moray Firth (IMF) which is located immediately west of the Blake Field.
AETI to Supply Power Solutions for Offshore Platform in China
American Electric Technologies, Inc., a leading global supplier of power delivery solutions for the energy industry, announced today that it has been selected by Energy Development Corporation (China), Inc., a subsidiary of Noble Energy Inc., and Sinopec Beijing Cheng Dao Xi (CDX), to provide turnke
Israel: Adira Energy in Multiple Farm-Out Agreements
Adira Energy Ltd. has entered into a series of agreements to farm out 5% of its working interest in its Gabriella license, 10% of its Yitzhak license, and 10% of its Samuel license to reduce the Company’s future financial commitments on the licenses. 2.5% of Adira’s working interest in Gabriella wil
Endeavour CFO Calls It Quits
Endeavour International’s today announced that J. Michael Kirksey has submitted his resignation, effective immediately, as Executive Vice President and Chief Financial Officer, in order to spend more time in other areas of interest. “We appreciate Mike’s dedication to Endeavour and his leadership in
Well Maintenance Deal GMS’ Kikuyu Barge (Qatar)
Gulf Marine Services has been awarded a three year well maintenance contract for the self elevating self-propelled jack up barge Kikuyu commencing in December 2012 with Occidental Petroleum in Qatar. The barge Kikuyu has been servicing wells continuously for Oxy since the barge was built in 2005 wit
Tullow Preparing Offshore Guinea Acquisition
Hyperdynamics Corporation today announced that its wholly owned subsidiary, SCS Corporation Ltd, (“SCS”) has entered into an agreement with a subsidiary of Tullow Oil plc, a leading independent oil & gas exploration company, for exclusive negotiations in respect of a potential acquisition of a forty
Stork Technical Services Hires Siem Offshore’s Vessel
Norway’s Siem Offshore and Stork Technical Services (RBG) Ltd. have signed a deal for the charter of Siem Offshore’s 2009-built Multi Role Service Vessel of MT 6017 Mk II design. The deal is made for a firm period of two years, starting in the second quarter 2013, with two one-year options. The comp