Fossil Energy
GSP Wins Hunter Pipeline Replacement Contract from E.ON E&P UK Limited
Grup Servicii Petroliere S.A. has been awarded the contract for pipelay and trenching services for the Hunter Pipeline Replacement Project by E.ON E&P UK LIMITED. The scope of work comprises installation of 8 km 8’’ pipeline between Hunter well head and Murdock K well, trenching and backfilling, sur
Lundin Completes Merawan Batu-1 Exploration Well Offshore Malaysia
Lundin Petroleum AB (Lundin Petroleum) has completed the Merawan Batu-1 exploration well in Block PM308B, offshore east coast Peninsula Malaysia. The exploration well targeted hydrocarbons in Oligocene aged sands in a faulted anticline in an undrilled area 50 km to the west of the Janglau oil discov
USA: AMEC and Samsung Team Up for Growing Offshore Market
AMEC, the international engineering and project management company, has formed a joint venture with Samsung Heavy Industries and Samsung Engineering to carry out the design engineering for fixed and floating offshore platforms, FPSOs and subsea pipelines for Samsung’s future offshore oil and gas pro
VLCC Algarve Sold, Pending Conversion to FPSO (Belgium)
The executive committee of Euronav NV announced that the company sold the VLCC Algarve (1999 – 298,969 dwt) for a selling price of USD 35,875,000 million and that the vessel was delivered to its new owner. A capital gain of USD 7.3 million will be recorded whilst the net cash proceeds available to t
Shell Increases Stake in Beryl Area Fields Offshore UK
Shell announced the signing of an agreement with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (“SAGE”), for US$ 525 million. The Beryl Area includes 12 fields located on the UK Continental Shelf. The fields are operated by Apache and
BP, SOCAR Discuss ACG Fields Development in Azerbaijan
As a follow up to last week’s London meetings, a group of BP senior executives representing BP’s upstream production, development, and strategy and integration divisions held a 3-day working visit to Baku to continue the discussions about production from the ACG fields, as well as to review BP’s fut
Statoil: New Exploration Well Confirms Peregrino South Oil Discovery (Brazil)
Statoil ASA, together with partner Sinochem, has completed drilling the appraisal well 3-STAT-8-RJS on the Peregrino South discovery in the Campos basin offshore Brazil. The results confirm the significant potential in the Peregrino South in the exploration well that was completed in April 2011. The
USA: FMC Technologies Achieves Growth in 3Q 2012
FMC Technologies, Inc. today reported third quarter 2012 revenue of $1.4 billion, up 10 percent from the prior-year quarter. Diluted earnings per share were $0.41 compared to $0.50 in the prior-year quarter as improved Subsea Technologies’ results were more than offset by higher non-operating expens
UK: Stork Technical Services’ Apprenticeship Programme Praised by Business Secretary
Stork Technical Services, the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, welcomed Business Secretary, Vince Cable, to its heat treatment facility in Southport, UK during a recent visit (18 October) to discuss the co
Brazil: OGX Obtains Qualification of Operator A
OGX Petróleo e Gás Participações S.A., the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announced today that it has obtained from the National Petroleum, Natural Gas and Biofuels Agency – ANP, the qualification of operator A, therefore bein
China: CNOOC Limited Announces 3Q 2012 Results
CNOOC Limited announces its results for the third quarter of 2012. The Company achieved a total net production of 87.8 million barrels of oil equivalent (BOE) for the third quarter of the year, primarily attributable to the production contribution from the new projects and new development wells, the
Statoil Submits Heimdal Gas Leak Investigation Report to PSA Norway
Statoil’s internal investigation report following the gas leak on the Heimdal platform on 26 May this year has been submitted to the Petroleum Safety Authority Norway. The gas leak occurred in connection with a routine operation where a valve was overloaded and gas leaked into the surrounding area.
Bridge Starts Drilling Operations on Asha/Noor Offshore Norway
Bridge, the Oslo Axess and AIM listed oil and gas exploration and production company announces that the drilling of exploration well 16/1-16 has started on the Asha/Noor prospect in Norway. This multi-target well, located on the western flank of the Utsira High in the Norwegian North Sea has the pot
Norway: RWE Dea Norge to Use Bredford Dolphin for Titan Drilling in 2013
RWE Dea Norge AS, a subsidiary of the German oil and gas company RWE Dea AG, has signed an agreement with Dolphin Drilling AS to use the Bredford Dolphin rig, in cooperation with three other oil companies. For RWE Dea Norge the contract entails full rig capacity in the years ahead for the planned dr