Fossil Energy
Keppel 3Q Profit Down 15 Pct (Singapore)
Singapore’s Keppel Corporation, the world’s largest builder of offshore rigs today reported a drop in its quarterly net profit. The rig construction company recorded a net profit of S$346 million, a 15% lower when compared to the same period in 3Q2011. Despite the 3Q drop, Keppel’s net profit for ni
Santos 3Q Oil Production Highest in 6 Years (Australia)
Australia’s Santos has announced a 6% lift in third quarter production to 13.5 million barrels of oil equivalent (mmboe) and record quarterly sales revenue of $851 million. Quarterly crude oil production of 2.6 million barrels was the highest in four years and 6% above the previous quarter due to st
Russia, A Home to The Second Largest Oil Deal in History?
After it was yesterday reported that AAR consortium has agreed to sell its stake in TNK-BP for $28 billion to Rosneft, Bloomberg today announced that Rosneft has also tabled a similar bid for BP’s stake in TNK-BP. The value of the potential acquisition will reach an estimated $56 billion, which woul
Rosneft Appoints VP for Offshore Projects (Russia)
Zeljko Runje has been appointed to the newly created position of Vice President for Offshore Projects at Rosneft. He has extensive experience in this field. Developing offshore projects is one of Rosneft’s strategic priorities. In the medium term it will contribute significantly to resource base rep
Statoil: Seabed Template to Help Recover 10 MBOE from New Fram Field
Together with its partners, Statoil is recovering approx. 10 million barrels of oil equivalent through the construction of a seabed template on the Fram H North structure. The seabed template is connected to the A2 template on Fram West, which transports production on to the Troll C platform. Fram H
No Trema Oil for Noble Energy (Cameroon)
Noble Energy, Inc. today announced that the Trema exploration well in the Tilapia license offshore Cameroon reached its target objective and encountered reservoir-quality sandstones that were water-bearing. The well is currently being plugged and abandoned. The Company’s total cost of the Trema well
Statoil Gets Approval to Use West Elara at Valemon (Norway)
Statoil Petroleum AS (Statoil) has received consent to use the West Elara mobile drilling facility for drilling and well operations on the Valemon field. The consent covers drilling and completion of 11 production wells and two injection wells on the Valemon field. The drilling activity is scheduled
Apache, JX Nippon Farm Into Western Australian Offshore Permits
Apache Northwest Pty Ltd and JX Nippon Oil & Gas Exploration (Australia) today signed farm-in agreements with Carnarvon Petroleum Limited and Joint Venture partner, Finder Exploration Pty Ltd to acquire interests in exploration permits offshore Western Australia. The permits WA-435-P and WA-437-P ho
CNOOC’s South China Fields Produce First Oil
China’s CNOOC Limited today announced that two new oil fields, Weizhou 11-2 and Weizhou 6-9/6-10, successfully commenced production. Weizhou 11-2 oil field, located in Beibu Gulf in the South China Sea with an average water depth of about 35.4 meters, currently has 4 producing wells. This oilfield w
Statoil to Use Deepsea Atlantic on Gullfaks Satellites (Norway)
Norwegian oil company Statoil has been given PSA Norway’s approval to use Deepsea Atlantic rig for drilling and completion on Gullfaks satellites. Statoil will use the semisubmersible rig for the permanent plugback of the existing well, as well as drilling, sidetrack drilling and completion of a new
North Sea and Gulf Operators to Present Energy Outlook at Offshore Energy
High level representatives of oil and gas companies operating on the North Sea and in the Gulf of Mexico will disclose their outlook on energy production in the respective regions as part of Offshore Energy Exhibition & Conference on 23 and 24 October in the Amsterdam RAI, The Netherlands. Several h
Diamond Offshore Secures Contract for Ocean Endeavor Rig (USA)
Diamond Offshore Drilling last night announced it has been awarded a contract for its Ocean Endeavor rig by an undisclosed client. The dayrate for the contract has been set at $521.665. In its fleet status report, the Houston-based drilling contractor said that the 18-month contract would begin in D
Black Elk Energy to Start Gulf Drilling Campaign Next Month (USA)
Black Elk Energy Offshore Operations, LLC, an independent oil and gas company, announced yesterday their Board of Managers has approved a 23 well capital campaign that will begin monetizing the companies “proved undeveloped reserve” inventory. Black Elk Energy plans to begin drilling and major rig w
Wood Group Kenny Awarded UK North Sea Job by CNRI
Wood Group Integrity Management (WGIM), part of Wood Group Kenny, has been awarded a significant contract by CNR International (UK) Limited (CNRI) to provide Pipeline Integrity Management (PIM) and Support Services for CNRI’s UKCS assets which include Ninian, Lyell, Tiffany, Toni, Thelma and Murchis