As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) announced that it will hold Gulf of Mexico Central Planning Area (CPA) oil and gas lease sale 231 in New Orleans on March
In Q3 2013, revenues for Petroleum Geo-Services ASA (“PGS” or “the Company”) were 6% lower than in Q3 2012. EBIT margin for the Company ended at 30%, which is higher than in the previous quarter and in Q3 2012. The improved profitability is driven by PGS’ solid business model, combined with price op
Last week’s auction for production rights to Brazil’s 12bn barrel Libra field has dominated industry headlines. However, despite years of media and market analyst hyperbole the scale of Petrobras’ plans for its deepwater pre-salt developments still command a great deal of head scratching, said Dougl
CNOOC Limited announced that the first production from the Rochelle gas-condensate field in the UK North Sea has commenced. At Rochelle field, Nexen Petroleum U.K. Ltd. (“Nexen UK”), a wholly-owned subsidiary of the Company, acts as the field operator. The Rochelle field in Blocks 15/26b, 15/26c and
Solstad Offshore (SOFF) has signed a new contract with Constructora Subacuatica Diavaz S.A de D.V (Diavaz) for charter of SOFF’s CSV “Normand Fortress”. The duration of the contract is 2 years firm and will commence in direct continuation of present contract with the same client, in March 2014. The
Petrofac, the international oilfield service provider, has announced a contract extension from South Oil Company (SOC) for its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$99 million includes the second phase of the project and will see the Company provide an additional
Norwegian-based subsea contractor Ocean Installer AS has awarded GE Oil & Gas a contract to supply subsea tie-in connection systems that will support the development of the Gina Krog and Eirin gas fields in the Norwegian North Sea. Statoil Petroleum AS, which operates the Gina Krog (formerly known a
Fugro has been awarded a contract of around USD 90 million by Mexico’s national oil company PEMEX for ultra deep water geotechnical and pilot hole (drilling and logging) services associated with the de-risking of drilling locations and field developments planned offshore Mexico. The overall duration
The Bureau of Safety and Environmental Enforcement (BSEE) will receive $4 million for infrastructure improvements as part of the $162 million investment strategy announced by Secretary of the Interior Sally Jewell to protect Atlantic Coast communities from future, powerful storms. The funds allocate
The Onshore Processing Facility (OPF) of the Kirinskoye gas and condensate field in the Sakhalin Region hosted an official ceremony dedicated to the first gas production and its transmission system testing. Taking part in the ceremony were Alexey Miller, Chairman of the Gazprom Management Committee,
The main focus of the OWIM Conference this year was cost reduction in offshore wind installation and maintenance, which would eventually lead toward cheaper electricity generated from offshore wind resources. Two sessions were held under the title Bringing Down LCOE (Levelised Cost of Energy), discu
BMT Scientific Marine Services Inc (BMT) has been awarded a contract from SBM Offshore to provide an Integrated Marine Monitoring System (IMMS) for the Stones Floating Production Storage Offshore (FPSO) in the US Gulf of Mexico. The IMMS monitors, logs, and displays data in real-time to provide oper
North Queensland Bulk Ports Corporation (NQBP), with has a long history of dredging projects at multiple ports along the Queensland coast, has released the following announcement: “Good environmental and social outcomes matter to us and we have undertaken 19 dredging campaigns across all of our port
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, announces the completion of a 1,500 sq km 3-D seismic acquisition programme on Frontier Exploration Licences (`FELs’) 2/13 and 3/13 in the
