OSX raised US$ 500 million by issuing Senior Secured Bonds in the international market, the net proceeds of which shall be used for the construction of its FPSO OSX-3. The FPSO OSX-3 will have an oil production capacity of 100.000 bopd and a storage capacity of up to 1.300.000 bbls. The unit will be
Halul Offshore’s expansion strategy aims at improving the technical capabilities of its fleet and also expanding the fleet size to selectively expand its geographical presence
Tullow Oil plc (Tullow), the independent oil and gas exploration and production, quoted on the London and Irish Stock Exchanges, says that 2011 was a very good year for the company. The Group that has interests in over 90 exploration and production licences across 22 countries and focuses on four co
IKM Testing Asia has beaten stiff competition from international and local players in securing two contracts from Petrofac and Kencana Petroleum in Malaysia. SEPAT Mobile Offshore Production Unit (MOPU) IKM has been awarded by Petrofac and Kencana Petroleum the SEPAT offshore early production system
A true hybrid energy system is currently being developed for installation on board the offshore supply vessel Viking Lady. An impressive battery pack for energy storage will soon be installed. When the new system is complete, the operation of the engine will be more smooth and cost effective giving
Danish energy giant, Dong Energy, today unveiled more details on the recent resignation of the company’s CEO, Andres Eldrup. According to Dong Energy’s Chairman of the Board of Directors, Fritz Schur, the company’s Board has learnt that the former CEO has been involved in some unusual employment and
The Petroleum Safety Authority Norway (PSA), the government’s body responsible for safety, emergency preparedness and the working environment in the petroleum activities in Norway, last month carried out an inspection of Det norske’s development of Jette field, located in Norwegian North Sea. The re
In one of the first projects covered by the framework agreement, Emerson will provide a range of integrated fiscal metering systems for Statoil’s new Valemon gas and condensate platform.
Mitsubishi Heavy Industries Compressor Corporation (MCO), a wholly-owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order for six compressor packages to be installed on a floating production, storage & offloading system (FPSO), which Tupi BV plans to operate in the area o
Tap Oil Limited provides the following update on the Tallaganda-1 exploration well in permit WA-351-P offshore Carnarvon Basin, Western Australia. The Tallaganda-1 well is located within permit WA-351-P, of the Carnarvon Basin, Western Australia. The well is being drilled in 1,141 m of water and the
Nexus has been approached by several large energy companies expressing interest to acquire part of Nexus’ Crux equity in the new Joint Venture.
AGR Facilities Solutions AS, part of the AGR Group, has signed a Frame Agreement with Lundin Norway AS. The activity will include engineering and technical services until the end of 2013 – worth more than £760,000 for this year alone. These services will range from system engineering and mechanical
Enegi Oil has entered into a strategic partnership with Advanced Buoy Technology (ABTechnology) Ltd (“ABT”) to apply for offshore assets in the UK North Sea under the 27th Seaward Licensing Round (“the Licencing Round”), organised by the Department of Energy and Climate Change (DECC), which has alre
Coastal Energy Company, an independent exploration and production company with assets in Thailand, announces the successful results of the Bua Ban South A-01 well. The Bua Ban South A-01 well was drilled to a total depth of 8,500 feet TVD. The well encountered 88 feet of net pay in the Lower Oligoce
