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Fossil Energy

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Brazil: Petrobras, Partners Declare Guara Area as Commercially Viable
Fossil Energy

Brazil: Petrobras, Partners Declare Guara Area as Commercially Viable

As operator of the consortium for Block BM-S-9, Petrobras today submitted the Declaration of Commerciality for the Guará area to the National Petroleum, Natural Gas and Biofuels Agency (ANP). The new field is to be called Sapinhoá and the estimated total recoverable volume notified was 2.1 billion b

about 14 years ago
Providence Resources Unloads Stake in OML 113 Offshore Nigeria
Fossil Energy

Providence Resources Unloads Stake in OML 113 Offshore Nigeria

Providence Resources P.l.c., an Irish based oil and gas exploration company, confirmed today that it has closed its transaction to divest its Nigerian subsidiary, which holds its interest in OML 113 offshore Nigeria to Jacka Resources Limited, (“Jacka”) an ASX-listed company. Under the terms of the

about 14 years ago
Northstar Sells USD 201 Million Worth of GOM Assets to Korean Group
Fossil Energy

Northstar Sells USD 201 Million Worth of GOM Assets to Korean Group

Northstar Offshore Energy Partners, LLC a portfolio company of Natural Gas Partners (“NGP”) has sold substantially all of its asset holdings to ANKOR E&P Holdings Corporation, STX Energy E&P Offshore Management, LLC and SCL Resources, LLC for $201 million. The assets sold to the Korean buying group

about 14 years ago
Fairmount Sherpa Tows Baharia I Rig to New Location in Gulf of Suez, Egypt
Fossil Energy

Fairmount Sherpa Tows Baharia I Rig to New Location in Gulf of Suez, Egypt

Tug Fairmount Sherpa has successfully towed jack-up drilling rig Baharia I to her new position in the Zeit Bay oil field in the Gulf of Suez. The Fairmount Sherpa is one of five supertugs owned by Rotterdam based Fairmount Marine. The rig move for Egyptian oil company Zeitco came just after deliveri

about 14 years ago
China: CNOOC to Establish Environmental Protection Foundation
Fossil Energy

China: CNOOC to Establish Environmental Protection Foundation

China National Offshore Oil Corporation(“CNOOC”), has submitted a registration application to Ministry of Civil Affairs of the People’s Republic of China for establishment of “CNOOC Marine Environmental and Ecological Protection Public Welfare Foundation” (“The Foundation”). The Foundation was launc

about 14 years ago
PSA Norway Checks Statoil’s Valemon Jacket
Fossil Energy

PSA Norway Checks Statoil’s Valemon Jacket

On 7 and 8 December 2011, the Petroleum Safety Authority Norway​ (PSA) carried out an audit of Statoil in connection with the engineering of load-bearing structures on Valemon’s jacket. The objective was, through spot checks, to ensure the engineering of the load-bearing structures is taking place p

about 14 years ago
The Netherlands: Keppel to Refurbish Scarabeo 6 Rig
Fossil Energy

The Netherlands: Keppel to Refurbish Scarabeo 6 Rig

Keppel Verolme in the Netherlands will undertake the upgrade and maintenance of the semisubmersible drilling rig, Scarabeo 6. The rig is expected to arrive at the yard in 2Q 2012 for a period of six months. Work on the rig includes upgrading its drilling capabilities to a water depth of 1,200 metres

about 14 years ago
Turkey Grants South Stream Construction Permit
Fossil Energy

Turkey Grants South Stream Construction Permit

Yesterday in Moscow the Turkish party officially handed a note by the Turkish Ministry of Foreign Affairs regarding the South Stream project at a meeting between Vladimir Putin, Prime Minister of the Russian Federation and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Tur

about 14 years ago
UAE: Lamprell Sells Jack-up Rig to PEMSA
Fossil Energy

UAE: Lamprell Sells Jack-up Rig to PEMSA

Lamprell , a provider of specialist engineering services to the international offshore and onshore oil & gas industry,has received a contract award from Compañía Perforadora Mexico S.A.P.I. DE C.V. (“PEMSA”), a subsidiary of Grupo Mexico, for the construction and delivery of Hull 108, a completely o

about 14 years ago
Norway:Aker Solutions’ Subsea Systems for Statoil’s Svalin Fast Track
Fossil Energy

Norway:Aker Solutions’ Subsea Systems for Statoil’s Svalin Fast Track

Norway’s Aker Solutions has been awarded a job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf. The contract value is approximately NOK 400 million (USD 66.4 million) Scope of work includes two subse

about 14 years ago
CIMC Raffles Delivers New Jack-Up Rig to Reignwood
Fossil Energy

CIMC Raffles Delivers New Jack-Up Rig to Reignwood

On the morning of Dec. 29th, 2011, China’s CIMC Raffles delivered a jack-up drilling rig the Master Driller to the Reignwood International Investment (Group) Company Limited. The basic design of the rig is supplied by the Friede&Goldman of the U.S.A., while CIMC Raffles independently finished all th

about 14 years ago
USA: Stone Energy Buys Interest in Pompano Field from BP
Fossil Energy

USA: Stone Energy Buys Interest in Pompano Field from BP

Stone Energy Corporation today announced the closing of the previously announced acquisition of deep water assets from BP Exploration & Production Inc. (BP), which include BP’s 75% operated working interest in the five block deep water Pompano field in Mississippi Canyon, a 51% operated working inte

about 14 years ago
UK: DECC OKs Causeway Field Development Plan
Fossil Energy

UK: DECC OKs Causeway Field Development Plan

Antrim today announced that the UK Department of Energy and Climate Change (“DECC”) has approved the Field Development Plan (“FDP”) for the Causeway Field in the UK North Sea Block 211/23d. Antrim holds a 35.5% working interest in the Causeway licence. The Causeway FDP includes a production well and

about 14 years ago
Hyperdynamics Restarts Offshore Guinea Drilling
Fossil Energy

Hyperdynamics Restarts Offshore Guinea Drilling

Hyperdynamics Corporation today announced it has resumed drilling operations on the Sabu-1 exploration well in its concession offshore the Republic of Guinea in West Africa. Drilling recommenced from a point 1,440 meters subsea and is planned to continue to a total depth of 3,600 meters. Hyperdynami

about 14 years ago
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