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STELLA B1 Well Flow Test Completed
Ithaca Energy Inc. announced completion of flow test operations on the third development well on the Stella field, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day. Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stella field.
Subsea 7 Selects BMT for Offshore Deal
Subsea 7 selected BMT Scientific Marine Services (BMT), subsidiary of BMT Group Ltd, to supply the riser monitoring system for the Aasta Hansteen Spar, approximately 300 km off the coast of Norway. The system includes an innovative suite of…
Talisman to Sell Stakes in Two Australian Offshore Fields
Talisman Energy Inc said on Wednesday it plans to sell its stakes in two oilfields in the Timor Sea off the coast of Australia as Canada's No.5 independent oil producer continues to restructure its global petroleum properties. The company is…
Offshore Floating Production Market Update
Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 76% of systems on order. Production semis, barges, spars and TLPs comprise the balance.
Nam Cheong Clinches 2 Accommodation Work Barge Contract
Nam Cheong Limited a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia’s largest Offshore Support Vessel builder, today announced that it has sold two Accommodation…
Ithaca'a Proposed Senior Unsecured Notes Offer
Ithaca Energy Inc. announced that it intends to offer $300 million in aggregate principal amount of senior unsecured notes due 2019 (the "Notes"). The Notes, the net proceeds of which will be used to partially repay (without cancelling) the…
Indonesia Awards Second Shale Gas Block
Indonesia's energy and mining ministry on Monday awarded its second shale gas exploration block to a consortium of foreign oil firms that included New Zealand Oil & Gas Ltd. The New Zealand company, along with Canada's Bukit Energy and Pacific Oil & Gas Ltd in Hong Kong…
Urgent Need to Cut Costs in UK North Sea
Britain's North Sea oil and gas industry faces a bleak future where more fields are likely to become uneconomic and shut in as platforms close - unless costs can be controlled, operators say. For some elderly platforms in the Northern North Sea, time is running out.
Pertamina: 10 LNG Cargoes to Asia Buyers
Indonesia's Pertamina is offering to sell 10 surplus liquefied natural gas (LNG) cargoes to Asian consumers, loading from July to early November, after a recent nine-cargo deal with BP, trade sources said. Pertamina is offering the cargoes from…
Ithaca Energy Operations Update Ahead of Shareholders Meet
Ithaca Energy Provided its operations update ahead of today’s Shareholders Meeting. The details are as follows. The third development well on the Stella field, well 30/06a-B1X (“B1”), has been successfully drilled to a total measured depth subsea of 16,185 feet.
BP & CNOOC Sign 20-yr LNG Deal
BP and the China National Offshore Oil Corporation (CNOOC) today announced a heads of agreement for the supply of up to 1.5 million tonnes of liquefied natural gas (LNG) per year over 20 years starting in 2019. The agreement was signed in London by BP Executive Vice President…
2014 . . . And the Story Continues
Having sat in this seat for more two decades I am sometimes asked if I’m tired of the job and ready to move along. (Thankfully, though, that question has never come from my boss.) Unequivocally the answer is “no.” While the maritime industry…
ExxonMobil Receives Excellence Award At World Petroleum Congress
Industry leadership in producing liquefied natural gas (LNG) earned Exxon Mobil Corporation an Excellence Award today at the World Petroleum Congress in Moscow. ExxonMobil received the Excellence Award for Technical Development for its leadership in safety…
Rosneft & Zarubezhneft Seek New Opportunities on Vietnamese Shelf
On June 16th, 2014 within the frame of the World Petroleum Congress Rosneft President, Chairman of the Management Board Igor Sechin, PetroVietnam Oil Corporation President and General Director Dr. Do Van Hau and General Director of JSC Zarubezhneft…
Suncor Appoints Husky Energy's Cowan as CFO
Suncor Energy Inc , Canada's largest integrated oil and gas producer, said on Monday it has appointed Alister Cowan as its chief financial officer, ending a seven-month search. Cowan has had the same role at Husky Energy Inc, the country's No. 3 integrated oil producer, since 2008.
Jerry Wascom To Be Appointed President Of ExxonMobil Refining & Supply
The Board of Directors of Exxon Mobil Corporation is expected to appoint D.G. (Jerry) Wascom, president of ExxonMobil Refining & Supply Company and elect him a vice president of the corporation, effective Aug. 1, 2014. Wascom, 58, is currently director of refining for North America…
Eni Norge Enters Agreement with DNV GL
Eni Norge AS awards DNV GL a framework agreement for the supply of inspection services to the Goliat platform in the Barents Sea. The term of the contract is three years, with an option for a two-year extension. The assignment consists of planning and carrying out inspections of static equipment…
CLOV Deepwater Development on Stream in Angola
<p>The large CLOV field in Block 17 offshore Angola came on stream on June 12 in line with the initial project schedule.<br /> <br /> Statoil has a 23.33% interest in Block 17, which is operated by Total (40%). The other CLOV partners are Esso…
Exxon Mobil's Angola Project To Hit 160,000 Barrels
Exxon Mobil Corporation today announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months. CLOV is the fourth major development hub of Total-operated Block 17, after Girassol, Dalia and Pazflor.
Indonesia's Pertamina Aims to Sell LNG Cargoes in July
Indonesia's Pertamina aims to sell several cargoes of liquefied natural gas (LNG) in July, and is currently in discussion over exact loading dates, a person familiar with the matter said. The producer has a quantity of unsold LNG for which it will seek to find buyers…
Total Starts up CLOV in Angola's Block 17
French oil major Total said it had started production on Thursday on the CLOV development on offshore block 17 which it operates in Angola. CLOV is the fourth floating production storage and offloading (FPSO) unit on block 17 and will contribute to bringing the block's production to 700…