Further Increasing Johan Sverdrup ValueFeb 7, 2018Statoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFeb 6, 2018Faroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPFeb 1, 2018BP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Spot News
Qatargas delivers a commissioning cargo to Zhuhai LNG Terminal in the People’s Republic of ChinaOct 31, 2013On 24 October Qatargas delivered the first cargo of Liquefied Natural Gas (LNG) to China National Offshore Oil Corporation’s (CNOOC) Zhuhai LNG terminal located in the Guangdong province. The cargo arrived aboard the Q-Flex LNG vessel Al-Gattara
Crosstex Energy to expand Permian Basin gas gathering and processing systemOct 30, 2013The Crosstex Energy companies, Crosstex Energy, L.P. (the Partnership) and Crosstex Energy, Inc. (the Corporation), announced the Partnership will expand its natural gas
Giant Libra pre-salt rights awarded offshore BrazilOct 29, 2013Only one consortium of 11 registered bid for a 35-year production-sharing contract to develop the Libra pre-salt oil discovery in the Santos basin offshore Brazil.Libra is estimated to have fro 8 billion to 12 billion bbl of recoverable oil.
Petrobras will be the operator by law and have an automatic 30 percent stake also by law plus the 10 percent of the consortium.
Fossil Fuels Dominate Primary Energy ConsumptionOct 28, 2013Coal, natural gas, and oil accounted for 87 percent of global primary energy consumption in 2012, as the growth of worldwide energy use continued to slow due to the economic downturn, according to a new Vital Signs Online trend released by the Worldwatch Institute.
Kongsberg Maritime: New Simulator Models Expand Scope of Offshore Engine Room TrainingOct 25, 2013Kongsberg Maritime has introduced two new Diesel Electric models for its Engine Room Simulator, K-Sim Engine (previously Neptune). The DE88 Semi-Submersible Drilling Rig model, containing eight Wärtsilä 16V26 engines and eight thrusters, is already available
Chevron acquires new acreage Offshore AustraliaOct 24, 2013Chevron Corporation announced its Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater frontier basin. Blocks S12-2 and S12-3, which span more than 8 million acres (32,375 square kilometers),
Shell Announces Successful Bid For Giant Field In Deep Water BrazilOct 23, 2013A consortium of companies, including Royal Dutch Shell plc (Shell), Petrobras, Total, CNPC and CNOOC, won a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil.
Asia Spot LNG Prices for November Delivery Up 4.1% on Looming DemandOct 22, 2013Prices of liquefied natural gas (LNG) for November delivery to Asia rose 4.1% to an average $15.864 per million British thermal units (/MMBtu), as North Asian utilities increased storage levels ahead of the peak winter demand season, according to the latest monthly Platts Japan/Korea Marker (JKM),
Gazprom sets new record in potential sendout of UGS facilitiesOct 21, 2013The Gazprom Management Committee examined the Unified Gas Supply System (UGSS) readiness for peak loads in autumn/winter 2013-2014 and addressed steps to be taken over the long term for securing continuous gas supply to consumers during the winter period.
EIC appoints new Chief ExecutiveOct 18, 2013The Energy Industries Council (EIC), the leading trade association for UK companies that supply goods and services to the energy industries worldwide, is delighted to announce that Claire Miller has been appointed CEO of the EIC.
MacGregor receives an order for two subsea cranes for new Norwegian-owned Arctic construction vesselOct 17, 2013MacGregor, part of Cargotec, has received an order for two MacGregor active heave-compensated (AHC) offshore cranes from a Turkish shipyard for a new subsea inspection, maintenance and repair (IMR) and construction vessel for a Norwegian owner.
NPD report reveals causes of cost overruns for field developments on the Norwegian shelfOct 16, 2013The Norwegian Petroleum Directorate (NPD), on assignment from the Ministry of Petroleum and Energy (MPE) has reviewed five field developments on the Norwegian shelf to uncover why some developments finish in line with their estimated cost target, while others are much more expensive than planned.
Final Dogger Bank offshore survey marks end of four year campaignOct 15, 2013The final survey needed for offshore wind energy developer Forewind to complete its planned applications for the development of the Dogger Bank Zone begins this week. The survey concludes the most extensive study of an offshore area by a wind energy developer ever undertaken.
Five Finalists Named for Platts’ First-Ever Energy “Asia CEO of the Year” AwardOct 14, 2013Five executives from energy companies in India, China, Thailand and the Philippines have been selected as finalists for Platts’ first-ever Asia CEO of the Year award, which recognizes excellence in energy industry leadership in the Asia-Pacific region.
Maersk Drilling's first ultra deepwater drillship named Maersk VikingOct 11, 2013Maersk Drilling's first ultra deepwater drillship was named Thursday morning in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Mrs. Nathalie Newman, wife of Mr. Harry E. Newman Jr., ExxonMobil Global Drilling Manager,
Dana Gas and Crescent Petroleum Achieve 5 Years Continuous Production in Kurdistan Region of IraqOct 10, 2013Dana Gas and Crescent Petroleum have announced the achievement of five years of continuous production in their major operations in the Kurdistan Region of Iraq. As joint operators of the Khor Mor Field on behalf of the Pearl Consortium, they are
Alaska LNG Project Selects Lead Terminal LocationOct 9, 2013ExxonMobil, BP, ConocoPhillips and TransCanada have selected a site in the Nikiski area on the Kenai Peninsula as the lead site for the proposed Alaska LNG project's natural gas liquefaction plant and terminal.
Petrobras to increase production to keep up investmentsOct 8, 2013Petrobras announced recently that the company plans to increase production by fifty percent in a bid to emerge from its current financial difficulties. The oil giant desperately needs funds to keep up with investment projections and to compensate for losses due to fuel imports. By Peter Howard Wertheim
Searcher and Dolphin commences Maud Basin South 3D seismic surveyOct 7, 2013Searcher Seismic, in association with Dolphin Geophysical, has commenced on the new 3,143km2 3D SHarp BroadBand Multi-Client seismic survey in the Maud
BINCO contracts Damen for seven workboatsOct 4, 2013A special contract signing ceremony between Bin Nowiran for Trading & Contacting Co-(BINCO) (Kingdom of Saudi Arabia) and Damen Shipyards Group (The Netherlands) has taken place on October 1st, 2013 during the Seatrade Middle East Workboat & Offshore
Availon wins Vattenfall's wind farm maintenance contractOct 3, 2013Availon, a wind farm service provider, announced hat it was awarded a complete maintenance contract for Vattenfall’s 12MW Jänschwalde wind farm, located near
KONGSBERG Delivers New Real-Time Advisory System for Improving Well Construction OperationsOct 2, 2013Kongsberg Oil & Gas Technologies AS (KOGT), a wholly owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG), has delivered a new real-time well-monitoring and early-warning system to support well construction operations. The technology is part of KONGSBERG’s SiteCom
Marlink: 12 Mbit/s Link Enables PGS Seismic Vessel to Transfer Survey Data to ShoreOct 1, 2013Marlink has successfully completed delivery of Ku-band VSAT services based on a 12 Mbit/s dedicated return link for the Atlantic Explorer, a Petroleum Geo Services (PGS) owned seismic survey vessel. The high throughput link was an upgrade to Atlantic Explorer’s existing Sealink customized VSAT
Technip selects Lankhorst Ropes Gama 98 for Heidelberg Spar platformSep 30, 2013Lankhorst Ropes has been awarded a contract by Technip to supply Gama 98 polyester deepwater mooring ropes for Anadarko Petroleum Corp.’s Heidelberg Spar platform in the Gulf of Mexico. The Heidelberg Spar will be moored in 1,620 m (5,310 ft) of water and is designed to produce 80,000 barrels
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