Offshore Energy Today

EIB Finances Repsol R&D Plans with €200 Mln

Offshore Energy Today — Fri, 17 May 2013 13:51:49 +0000

The European Investment Bank (EIB) will finance Repsol’s research and development plan (R&D) with 200 million euros. The agreement between the European institution and the company was signed this morning at Repsol’s headquarters. The EIB Vice-President, Magdalena Alvarez and Repsol’s Chairman, Antonio Brufau, signed an agreement by which the EIB will finance a number of projects of the Repsol research [...]

Indonesia Puts 21 Exploration Blocks on Offer

Offshore Energy Today — Fri, 17 May 2013 13:39:53 +0000

Indonesian government today, May 17, launched a licensing round for 21 oil and gas exploration blocks, in an effort to improve chances of increasing the production of oil and natural gas nationwide. The authorities have classed 19 blocks as conventional and two as unconventional areas. Of the blocks offered, 17 are located in offshore areas, mainly in [...]

Malaysia: Inertek’s New Facility to Service E&P Sector in the Region

Offshore Energy Today — Fri, 17 May 2013 11:51:09 +0000

Intertek has invested £900,000 in a new Malaysian regional centre which will bring enhanced services to the exploration and production (E&P) sector in the region. Based in Kuala Lumpur, the facility boasts two laboratories and will allow Intertek to significantly expand its locally delivered services for its existing E&P business in the region. It will [...]

Seadrill Completes Tender Rig Sale

Offshore Energy Today — Fri, 17 May 2013 11:22:59 +0000

Seadrill Limited has today completed the transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with vendor [...]

Focal Marine & Offshore Wins PSV Design Orders (China)

Offshore Energy Today — Fri, 17 May 2013 09:31:21 +0000

Focal Marine & Offshore, a Singapore / Shanghai based OSV designer, has received a significant order for their 78m PSV (FOCAL 522) design, for up to 10 ships which are to be built in Xiamen Shipbuilding Industries in China. FOCAL 522 PSV design is with 4,000 ton deadweight, 800 m2 deck cargo area, complement of [...]

CDC to Show Its Innovative Jack-Up Vessel at All Energy 2013

Offshore Energy Today — Fri, 17 May 2013 09:17:46 +0000

Celtic Design Consultants are to exhibit at All Energy 2013 event in Aberdeen. They will be showing their innovative multi purpose jack up design. A working model of the design, named CDC Heron, and described as the ultimate offshore maintenance & intervention vessel for Oil & Gas and Renewables, will be on the stand, A57. According [...]

GSI Completes North Sea Decom Gigs with Helix and Dof Subsea

Offshore Energy Today — Fri, 17 May 2013 09:01:12 +0000

Gulfstream Services Inc (GSI), provider of cutting edge equipment to the international oil and gas industry, has successfully completed two six figure decommissioning contracts with major oil and gas service companies, Helix Well Ops UK and Dof Subsea. The Helix contract was part of the BP North West Hutton decommissioning project where GSI tools were [...]

Black Elk Energy Informs of Drilling Success in U.S. GoM

Offshore Energy Today — Fri, 17 May 2013 08:43:56 +0000

Black Elk Energy Offshore Operations, LLC an independent oil and gas company headquartered in Houston, announced has the successful completion of 3 wells to kick-off their 2013 drilling program in the Gulf of Mexico. The 2013 drilling program will begin monetizing the companies “proved undeveloped reserve” inventory. The completion of these 3 wells marks the [...]

Maersk Drilling Profit Rises on Higher Operational Uptime

Offshore Energy Today — Fri, 17 May 2013 08:21:40 +0000

Denmark’s offshore drilling contractor Maersk Drilling made a profit of USD 146m in the first quarter of 2013, an increase from USD 123m earned in the same period of 2012. The increase in profit was mainly due to general higher operational uptime in Q1 2013. All of Maersk Drilling’s 16 jack-ups and floaters, the 10 drilling barges [...]

Gazprom Hosts Meeting on South Stream Offshore Section (Russia)

Offshore Energy Today — Fri, 17 May 2013 07:38:42 +0000

The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller Chairman of the Management Committee and Henning Voscherau, Chairman of South Stream Transport Board of Directors. The meeting participants discussed topics of the South Stream gas pipeline offshore section realization. In particular, the parties considered the current activities status and the procedures schedule stipulating the gas pipeline commissioning in the year 2015. Background For the [...]

Lamprell: 1Q in Line with Expectations

Offshore Energy Today — Fri, 17 May 2013 07:26:44 +0000

Lamprell, a provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, has issued its latest Interim Management Statement in accordance with the EU Transparency Directive. This statement covers the period from 1 January 2013 to date. The company has said that the performance in the [...]

Hess, Elliott Resolve Proxy Contest (USA)

Offshore Energy Today — Fri, 17 May 2013 07:02:38 +0000

Hess Corporation, a New York-based oil and gas exploration firm, has announced that it has reached an agreement with Elliott Management to resolve its proxy contest. Under the terms of the agreement, Elliott will withdraw its slate of five director nominees and support the election of Hess’ five new directors: John Krenicki Jr., Fredric Reynolds, [...]

Petrobras Nets 34 Exploration Blocks Offered in 11th Licensing Round (Brazil)

Offshore Energy Today — Fri, 17 May 2013 06:50:06 +0000

Brazil’s state run oil and gas company Petrobras has acquired the most blocks offered in the 11th Bid Round held by the National Petroleum Agency (ANP). Petrobras bought, whether on its own or in partnerships, 34 of the 289 blocks offered in the bid. It also secured, in its technicians’ opinions, the blocks with the [...]

COSCO Heavy Transport Opens Rotterdam Office

Offshore Energy Today — Fri, 17 May 2013 06:37:26 +0000

COSCO Shipping Europe B.V. held its official opening ceremony in its Rotterdam offices at Strevelsweg 700 on Tuesday the 14th of May 2013. COSCO Shipping Company’s CEO, Capt. Han Guomin, had specially flown in from Guangzhou to chair the event which was attended by clients of his company’s fleet of semi-submersible heavylift vessels. Executives of [...]

Rosneft, Petrovietnam to Expand Cooperation

Offshore Energy Today — Fri, 17 May 2013 06:24:27 +0000

OJSC Oil Company Rosneft (Rosneft) and Vietnam Oil and Gas Corporation “PetroVietnam” (PetroVietnam) have signed a Memorandum of Understanding (MOU) in Sochi to strengthen cooperation between the two oil and gas companies. The MOU – signed by Rosneft President and Chairman of the Management Board Igor Sechin and PetroVietnam Chairman of the Board of Directors [...]

Well Interventions Boost Yolla A Production (Australia)

Offshore Energy Today — Fri, 17 May 2013 06:11:30 +0000

AWE Limited has been advised by the Operator, Origin Energy, that the Yolla-A platform, located it the Bass Strait, offshore southern Australia, has achieved significant production improvement as a result of successful well interventions and is currently producing gas at rates of approximately 57 Tj/day, up from 42 Tj/d that was achieved prior to the well intervention program. [...]

Noble Energy Strikes Gas at Karish Well (Israel)

Offshore Energy Today — Thu, 16 May 2013 13:21:50 +0000

Noble Energy has encountered ‘significant traces of natural gas’ at its Karish prospect, in the Mediterranean sea, offshore Israel. The well, located in the Alon C license, 75 kilometers north west of Haifa, has today reached a final depth of 4,790 meters below sea level (including the depth of the water). The U.S. independent informed its partners, [...]

FMC to Supply Subsea Systems for Exxon’s Julia Development

Offshore Energy Today — Thu, 16 May 2013 12:50:40 +0000

FMC Technologies, Inc. announced today that it has received a subsea equipment order from ExxonMobil for its Julia development. The Julia field is located in the Gulf of Mexico Walker Ridge area in approximately 7,000 feet (2,100 meter) water depth. FMC Technologies’ scope of supply includes six subsea trees, a manifold and associated tie-in equipment. “FMC Technologies is pleased to provide ExxonMobil with [...]

Northern Offshore 1Q Profit at $1.1 Mln

Offshore Energy Today — Thu, 16 May 2013 12:05:31 +0000

Northern Offshore, a Bermuda-registered company providing drilling units to the international oil and gas industry, has reported net income for the three months ended March 31, 2013 of $1.1 million, or $0.01 per diluted share, on revenues of $41.4 million. The company generated $9.8 million of first quarter EBITDA. The positive net cash balance stands at $18 [...]

Ecopetrol Highest Bidder for Three Blocks Offshore Brazil

Offshore Energy Today — Thu, 16 May 2013 11:38:32 +0000

Columbia’s oil company Ecopetrol S.A. has submitted the highest bids for three exploratory blocks in the 11th Bidding Round carried out yesterday by the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis or ANP of Brazil in Rio de Janeiro. Ecopetrol has a 100% interest in the highest bids for the POT-M-567 and FZA-M-320 blocks [...]

Keppel Delivers Laurus Jack-Up Rig to Oro Negro (Mexico)

Offshore Energy Today — Thu, 16 May 2013 10:41:23 +0000

Keppel FELS has delivered a second KFELS B Class jackup rig to offshore Mexican oil field services company, Integradora de Servicios Petroleros Oro Negro (Oro Negro). Named Laurus at Keppel FELS today, the rig was delivered eleven days early and with a perfect safety record. Laurus is the second of two high-specification jackup rigs that [...]

Atlantic Offshore: ‘Ocean Troll’ is UK’s Most Powerful EERV

Offshore Energy Today — Thu, 16 May 2013 10:14:34 +0000

Aberdeen-based standby vessel operator Atlantic Offshore Rescue has commissioned what will be the UK’s most powerful emergency response and rescue vessel (ERRV). The Ocean Troll – which recently completed a long term charter with Statoil – has undergone a £2million conversion and overhaul at MMS in Hull to become a UK Class A ERRV with [...]

10 Exploration Licenses for Total in Brazil

Offshore Energy Today — Thu, 16 May 2013 09:58:03 +0000

French oil major Total announces that it has been awarded 10 new exploration licenses during Brazil’s 11th bid round. Total will be the operator with 40% interest in five blocks situated in the Foz do Amazonas basin (FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127) and with 45% interest in one block (CE-M-661) in the Ceara basin. [...]

DSME Orders Kongsberg Equipment for Transocean Drillships

Offshore Energy Today — Thu, 16 May 2013 09:42:15 +0000

Norway’s KONGSBERG has been awarded a significant offshore automation contract with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned new-build drillships, with an option for KONGSBERG to deliver products and services for six more drill ships. “We call this a ‘Full Picture’ solution, as it includes dynamic positioning, position reference systems, thruster control, [...]

NZOG Buys Into Clipper Licence

Offshore Energy Today — Thu, 16 May 2013 09:28:24 +0000

New Zealand Oil & Gas has acquired a 50 per cent interest in PEP 52717 (Clipper) from Beach Petroleum (NZ) Pty Ltd, a subsidiary of ASX-listed Beach Energy. New Zealand Oil & Gas will become the operator of the permit, which is off the Canterbury coast in New Zealand. The partners have committed to acquiring at least 600 [...]

Modus Buys New ROV

Offshore Energy Today — Thu, 16 May 2013 09:20:09 +0000

Modus Seabed Intervention, the leading subsea engineering and specialist Unmanned Underwater Vehicle (UUV) service provider, has confirmed an investment into a new advanced Remotely Operated Vehicle (ROV) to further enhance its fleet of subsea vehicles. Manufactured by SMD in North East England, the cutting edge 150hp Quasar ROV ordered by Modus will be the first [...]

Australia: New Law to Better Protect Offshore Workers

Offshore Energy Today — Thu, 16 May 2013 08:56:05 +0000

Yesterday the Australian Parliament passed a landmark law to better protect Australian offshore workers and Australia’s pristine marine environment. In passing the Offshore Petroleum and Greenhouse Gas Storage Amendment (Compliance Measures No.2) Bill 2013, the Senate has strengthened Australia’s offshore petroleum regulatory regime to safeguard against the destruction caused by the uncontrolled release of hydrocarbons [...]

TWMA Lands Its First Offshore Processing Project in West Africa

Offshore Energy Today — Thu, 16 May 2013 08:37:13 +0000

TWMA, a leader in integrated drilling waste management and environmental solutions, has secured its first offshore processing project in West Africa. The 400-day contract is to supply TWMA’s industry-leading offshore processing services to support Glencore Exploration Cameroon Ltd’s (Glencore) West Africa drilling campaign. The scope of work includes the installation of a TWMA TCC RotoMill [...]

ROV Comes to Life (VIDEO)

Offshore Energy Today — Thu, 16 May 2013 08:02:12 +0000

If you thought the Transformers are all about turning cars into robots, think again

Songa Offshore Puts Challenging Period Behind, CEO Says

Offshore Energy Today — Thu, 16 May 2013 07:50:23 +0000

Songa Offshore SE, a Cyprius-headquartered offshore drilling contractor, has today reported operating revenue for the first quarter 2013 of USD 124.8 million, and a profit of USD 9,4 million. “The results show that we have now definitely put a challenging period behind us. I am proud and happy to hand Songa over to a new [...]