Fossil Energy
First Bøyla Oil Scheduled for Q4 2014 (Norway)
The Norwegian Ministry of Petroleum and Energy of has approved the Plan for Development and Operation (PDO) for the development of the Bøyla field in PL 340, in the Norwegian North Sea. First production from Bøyla is expected in the fourth quarter 2014. The Bøyla field is located approximately 28 km
USA Offers Over 20 Million Acres in Western Gulf for E&D
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau on Thursday released the final details for an oil and ga
SBM, Talisman Working to Resolve Yme Issues by 2012 End
SBM Offshore, a Dutch based provider of systems and services to the global offshore oil and gas industry on Friday announced it has together with Talisman presented a plan to the Petroleum Safety Authority Norway regarding repairs of the grouting of the legs of the Yme platform. The repairs follow t
Faroe Petroleum Wins New Licences on UK Continental Shelf
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that it has provisionally been awarded seven new exploration licences on the UK Continental Shelf in the UK’s 2
Norway: Statoil Delivers Strong Third Quarter Results
Statoil’s third quarter 2012 net operating income was NOK 40.9 billion, a 4% increase compared to NOK 39.3 billion in the third quarter of 2011. “Statoil delivered solid financial results in the quarter. By ramping up new fields, we have grown production year to date by 10% compared to the same peri
AOD Signs Drilling Contract for Jack-Up Rig AOR-1 (Singapore)
Asia Offshore Drilling Ltd (AOD) has signed a drilling contract whereby AOD’s first jack-up drilling rig AOR-1 will be leased to a reputable client. The charter has been entered into and will be managed by Seadrill, on behalf of AOD. The contract duration is a minimum of three years plus a one-year
Hydrasun Secures Contracts from BP in Angola, Gulf of Mexico and Azerbaijan
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has secured contracts in Angola, the Gulf of Mexico and in Azerbaijan, with major oil and gas operator BP. The combined value of the three contracts is anticipated to run to
Aker Solutions Acquires Fabrication Facility in Sandnessjøen, Norway
Aker Solutions has acquired a fabrication facility in Sandnessjøen, Norway, to increase its fabrication capacity in the Norwegian Sea and further north. The purchase is part of Aker Solutions’ northern Norway strategy. The facility, which is located at Helgelands Industrial Park in Sandnessjøen, Nor
UK: Bibby Offshore Invests in ROV Fleet
Aberdeen-based subsea installation contractor Bibby Offshore has announced investment of around £11million in Remotely Operated Vehicle (ROV) systems for its latest division, Bibby Remote Intervention Limited (BRIL). Initial investment of close to £4million has been made in ROV systems for Bibby Off
USA: Noble Energy Announces Standout Performance in Third Quarter
Noble Energy, Inc. reported third quarter 2012 net income of $221 million, or $1.23 per share diluted, and net income from continuing operations of $164 million, or $0.91 per share diluted. Excluding the impact of unrealized commodity derivative losses and certain other items, third quarter 2012 adj
Statoil Awarded 7 Exploration Licences Offshore UK
Statoil has been awarded shares in 7 exploration licences on the United Kingdom Continental Shelf (UKCS). The company is operator for 2 of these, and expects this number to increase when the blocks pending environmental assessment are awarded. The licences which were awarded by the UK authorities ar
Winners of Record Breaking 27th Licensing Round in UK North Sea Revealed
UK oil and gas investment looks set to flourish after the Government announces winners of the record breaking 27th Licensing Round. A total of 167 new licenses have been offered by DECC covering 330 North Sea blocks – with a further 61 blocks under environmental assessment. Interest in the North Sea
Norway: OTD 2012 Successful for Offshore Center Danmark
Offshore Technology Days in Bergen, being a leading exhibition and conference in Norway, was a great success for Offshore Center Danmark and Enterprise Europe Network. More than 360 exhibitors and near by 24,400 delegates were present at the OTD exhibition in Bergen on October 15th-18th 2012. A 3-da
Chariot Acquires Additional Offshore Exploration Block in Morocco
Chariot Oil & Gas Limited, the independent Africa focused oil and gas exploration company, announces that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd., has entered into a petroleum agreement (the “Agreement”) with the Government of the Kingdom of Morocco (“Morocco”) for