News Archive for Oil and Gas News

CGG announces sercel launches 508XT land acquisition system

Sercel announces today the launch of its new 508XT system, which heralds a new paradigm in land seismic acquisition by offering MegaCrews the ability to record up to one million channels in real time, resulting in unparalleled image resolution. Read more…

Sevan Marine and Logitel Offshore

Sevan Marine and Logitel Offshore have entered into an agreement pursuant to which Sevan Marine will provide a new USD 9 million convertible loan to Logitel Offshore. The terms and conditions will be the same as under the existing USD 51 convertible bond agreement, which will be amended and increased to USD 60 million to include the new loan. Read more…

ION introduces Narwhal for ice management in Seismic and drilling operations

ION Geophysical Corporation (NYSE: IO) today announced the launch of NarwhalTM, the first fully integrated ice management system designed to reduce risk and improve efficiency in seismic data acquisition and drilling operations in or near ice, such as in the Arctic. Read more…

San Leon Energy PLC acquisition of 75 per cent. of Alpay Enerji A.S.

San Leon Energy, the oil and gas exploration and development company focused on projects in Poland, Albania, Morocco and Ireland is pleased to announce that it has entered into an agreement conditionally to acquire 75 per cent. of the issued share capital of Alpay Enerji AS (the “Acquisition”) from Server Fatih Alpay. Completion of the Acquisition is conditional on the Company obtaining the necessary regulatory approvals from the General Directorate of Petroleum Affairs in Turkey. Read more…

Norwegian Petroleum Directorate announces gas discovery southwest of 7220/8-1 Johan Castberg – 7219/8-2

Statoil Petroleum AS, operator of production licence 608, is about to complete the drilling of wildcat well 7219/8-2. The well proved gas. Read more…

Noble Corporation announces plan to create independent standard specification drilling company

Noble Corporation (NYSE: NE) announced today that its Board of Directors has approved a plan to separate a business comprised of many of its standard specification drilling units, resulting in the creation of two separate and highly focused offshore drilling companies.  The drilling units that would be owned and operated by the new company comprise most of the standard specification drilling units in the Noble fleet, including five drillships, three semisubmersibles, 34 jackups, two submersibles, and one FPSO.  The new company would also be responsible for the Hibernia platform operations.  Noble will continue to own and operate its high-specification assets with particular operating focus in deepwater and ultra-deepwater markets for drillships and semisubmersibles and harsh environment and high-specification markets for jackups. Read more…

Do all Barrier Glands provide the same function?

In theory the principal of a barrier gland is the same for all comparable products, in that the equipment form of protection is common (e.g. Ex d IIC), given that the certification standards used are identical.
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Bowtech welcomes MP Ken Clark

Ken Clark MP visited Bowtech Products Ltd, a global market leader in subsea vision systems, on Tuesday 17 September 2013. On his first visit to Scotland as the Prime Minister’s international trade envoy, the MP was given a tour of Bowtech’s machining and subsea moulding facility, followed by a tour of the electronics workshops and a demonstration of the subsea vision equipment manufactured there. He then took the opportunity to speak to the press.

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EnQuest reveals North Sea industry-first supply chain partnership

EnQuest revealed an industry-first offshore asset maintenance partnership in the North Sea with two specialist supply chain companies during a visit by the Economic Secretary to the Treasury at Offshore Europe. Read more…

Siemens to deliver power supply solution for drilling rigs

Siemens Energy has received an order for two complete electrical power generating stations, including Siemens’ “closed ring solution”, for supplying offshore drilling rigs with electricity. The 7th generation semi-submersible drilling rigs of the Frigstad D90™ design are under construction at the Chinese shipyard Yantai CIMC Raffles Offshore Ltd in Yantai, China. Delivery of the first drilling rig to Frigstad Deepwater Read more…

Statoil partner in a new Barents Sea oil play

Statoil is a partner in the OMV-operated Wisting Central oil discovery in the Hoop area. This represents a new oil play in the Norwegian Barents Sea. Read more…

AMEC wins brownfield modifications contract for TAQA’s Cladhan field development, North Sea

AMEC, the international engineering and project management company, has been appointed by TAQA’s UK business, to undertake the engineering, procurement and  construction of modifications to the Tern oil production platform to accommodate a new subsea tie-back to the Cladhan field in the northern North Sea. AMEC will also provide commissioning support. Read more…

AMEC wins brownfield modifications contract for TAQA’s Cladhan field development, North Sea

AMEC, the international engineering and project management company, has been appointed by TAQA’s UK business, to undertake the engineering, procurement and  construction of modifications to the Tern oil production platform to accommodate a new subsea tie-back to the Cladhan field in the northern North Sea. AMEC will also provide commissioning support. Read more…

Pacific Drilling receives delivery of its ultra-deepwater drillship the Pacific Khamsin

Pacific Drilling S.A. (NYSE:PACD) announced today that it has taken delivery of its newest drillship, the Pacific Khamsin. The drillship is scheduled to begin mobilizing tomorrow to Nigeria, where it will commence a two year drilling contract. Pacific Khamsin, which features the most advanced drilling technology in the offshore drilling industry, including dual load path capability and dual drilling fluid systems, is capable of operating in water depths of up to 12,000 feet and drilling wells up to 40,000 feet deep. Read more…

The National Hyperbaric Centre announces ‘Artic Temperature’ test facility opens

We have recently invested in an ‘Environmental Testing Facility’ (ETF) as part of our continual development of the testing department. Read more…

Texas produces impressive forecast for State’s oil and gas production

As Texas continues to produce staggering oil and gas production numbers, fast-rising oil and gas energy company First Titan Corp. (OTCBB: FTTN) and its investors are poised to realize potentially big profits. Read more…

ADX Energy Ltd announces Farmin Agreement for Chorbane Permit terminated

ADX  Energy  Ltd  reports  that  its  wholly-owned  subsidiary,  Alpine  Oil  &  Gas  Pty Ltd.  (“Alpine”),  has  terminated  a  farmin  agreement  (the “Farmin Agreement”) with Rift Basin International Corp.(“Rift Basin International”). Read more…

Det norske ensures bank funding of development projects

Det norske oljeselskap ASA has entered into a USD 1 billion revolving credit facility, equivalent to NOK six billion, with a group of Nordic and international banks. The facility contains an uncommitted accordion option which could increase the facility to USD 2 billion, equivalent to NOK twelve billion. Read more…

Carrizo Oil & Gas announces non-core asset sales and participation in upcoming conferences

Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) today announced the sale of its remaining Barnett Shale properties as well as other non-core assets in East Texas and the Marcellus Shale. The company also announced plans to participate in upcoming conferences. Read more…

FX Energy begins drilling Lisewo-2 well reports progress on two other wells

FX Energy, Inc. (NASDAQ: FXEN) today reported that drilling has started at the Lisewo-2 well. The Lisewo-2 well is a development well that targets the Lisewo structure previously discovered by the Lisewo-1 well. Lisewo-2 is intended to accelerate production from the structure. The Lisewo production facility,scheduled to begin producing about the end of September, is designed to serve both Lisewo-1 and Lisewo-2, in addition to the Komorze-3 well. Read more…

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