Fossil Energy
Schlumberger Net Profit Up
Schlumberger Limited, the world’s largest oilfield services provider, today reported third-quarter 2012 revenue of $10.61 billion versus $10.45 billion in the second quarter of 2012, and $9.55 billion in the third quarter of 2011. Income from continuing operations attributable to Schlumberger, exclu
Apache Inks Suriname PSC
Apache Corporation today signed a production sharing contract (PSC) with Suriname’s oil company Staatsolie for offshore block 53. located in the territorial waters of the South American country. The contract, divided into exploration, development and production phases, is valid for approximately 30
Saudi Aramco Charters MIO’s Crew/Utility Vessels
Miclyn Express Offshore Limited has been awarded contracts by Saudi Aramco for three Crew/Utility Vessels. The contracts are 5 years in duration with 2 optional years to extend. The aggregate value for the firm period of the three new contracts is US$26m. The contracts will commence between December
SOCAR, BP Continue ACG Fields Cooperation
The president of the Azerbaijan state oil company SOCAR, Rovnag Adbullayev, and his senior executive team met BP group chief executive Bob Dudley and the BP upstream executive team in London on October 17. They agreed to continue working closely with SOCAR and the partner group to manage oil product
Ecopetrol Bids for 12 Blocks in Colombia
Ecopetrol S.A. reports that it has submitted the best offers for 12 exploratory blocks in the Round Colombia 2012, following the opening of bidding held on October 17 by the National Hydrocarbons Agency (Agencia Nacional de Hidrocarburos, ANH) in Cartagena, Colombia. Of the 12 blocks, Ecopetrol hold
Northstar Offshore in $160 Mln Gulf of Mexico Acquisitions
Northstar Offshore Group, LLC a portfolio company of Natural Gas Partners (“NGP”) – yesterday announced the completion of two shallow water acquisitions in the Gulf of Mexico from private sellers, for a combined total of $160 million. On October 11, 2012, Northstar acquired the Creole field, located
Rockhopper, Premier Complete Farm-Out Agreement (Falkland Islands)
Rockhopper, the North Falkland Basin oil and gas exploration company, has announced the completion of the farm-out agreement with Premier Oil plc. Premier has agreed to pay Rockhopper an upfront cash consideration of US$231 million, payable on completion of the transaction. Furthermore, Premier will
VIDEO: Edda Ferd PSV Launched in Spain
On Wednesday, 17th October 2012, at high tide, the Edda Ferd vessel built for the Norwegian shipowner Østensjø Rederi was launched at Astilleros Gondan shipyard in Spain, Edda Ferd is a 92,60 m long platform supply vessel of Skipsteknisk design. It can accommodate 40 people and has a deck area of 1.
3D Seismic Offshore Mauritania Starts in Mid-November, Chariot Says
Chariot Oil & Gas Limited, the independent Africa focused oil and gas exploration company, has signed a contract for acquisition of a 3,500km2 3D seismic survey in Block C19 offshore Mauritania. The Company has contracted Fugro-Geoteam AS to carry out the programme in water depths ranging from 30m t
Daewoo, Woodside in Offshore Myanmar PSC
Woodside advises that Daewoo International Corporation has accepted an offer by Woodside to farm-in to the Production Sharing Contract for Block AD-7 in the Rakhine Basin, located in the western offshore area of the Republic of the Union of Myanmar. The offer is for a 40% participating interest in t
Maersk Extends Edda Sprint Contract (Denmark)
Edda Sprint has been awarded an extension to it’s contract with Denmark’s Maersk Oil & Gas, Østensjø Rederi has informed. The platform supply vessel, which has been working for Maersk Oil & Gas for 9 years now, has recently been awarded a one year extension to it’s contract. The vessel, previously k
McDermott Lands Two Rig Repair Contracts (Mexico)
McDermott International, Inc. has been awarded contracts to refurbish and undertake rig repair work at the McDermott Altamira fabrication facility in Tamaulipas, Mexico. The two jack-up rigs are the Friede & Goldman L-780 Mod II design and will undergo significant improvement work to re-instate them
BP Confirms Integrity of Macondo (USA)
BP today announced it has once again confirmed the integrity of the Macondo well and its associated relief wells following an extensive subsea survey this week to identify potential sources of a surface sheen near Mississippi Canyon block 252 in the Gulf of Mexico. The latest survey marks the third
Cal Dive’s Vessels Win Saturation Diving Jobs in Mexico and Australia
Cal Dive International, Inc. announced today that it has recently commenced a two-year charter of the DP saturation diving vessel Kestrel to a major contractor in Mexico to perform repair and maintenance work for Pemex. The charter started in mid-October and has a fixed term of two years with an add