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Lloyd’s Register launches new, consolidated, Rules for Offshore Units - 20/08/2014
LONDON -- Lloyd’s Register has launched its new Rules for Offshore Units in one single document following an in-depth consultation with industry. It signals a move by the world’s oldest classification and certification society, to modernise the way in which Rules and their guidance notes are presented to industry -- and importantly how they are used by designers and operators of Offshore Units.
Chariot agrees Brazil farm out with AziLat - 20/08/2014
LONDON -- Chariot Oil & Gas Limited’s wholly-owned subsidiary Chariot Brasil Petróleo e Gás Ltda. has signed a farm-out agreement with AziLat Limited through its local subsidiary AziBras Exploração de Petróleo e Gás Ltda. Following completion of this agreement, which is subject to the approval of the Brazilian authorities, AziLat will hold a 25% equity interest in Chariot's BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 blocks in the Barreirinhas basin, in return for paying 50% of the 3D seismic acquisition and processing costs to be incurred across these blocks. Chariot will remain Operator with a 75% equity interest.
Omega Completion Technology wins Statoil contract - 20/08/2014
ABERDEEN, United Kingdom -- Independent well completion and intervention technology developer and manufacturer Omega Completion Technology has secured a completions framework contract with Statoil ASA. The contract awards Omega the right to supply its ReACT Technology (Remotely Activated Completion Technology) to all Statoil assets in the Norwegian continental shelf, totalling 35. Omega delivered the first ReACT completion solution to Statoil 10 years ago and has provided completion equipment for more than 30 Statoil wells.
Ghana expects Hess offshore oil field to join project lineup - 20/08/2014
ACCRA, Ghana (Bloomberg) -- Ghana, the nation seeking to increase its oil output fivefold in the next decade, expects an offshore development by Hess Corp. to join the nation’s project pipeline, according to the Petroleum Commission. Hess will drill a third appraisal well later this year on the Deepwater Tano/Cape Three Points block to establish commercial viability and reserves, Kwaku Boateng, director of special services at the commission, said in an interview.
Alaska rejects return to Palin-backed oil tax, early votes show - 20/08/2014
ANCHORAGE, Alaska (Bloomberg) -- Alaskans are set to reject former Governor Sarah Palin’s sliding tax scale for oil production with early voting pointing to retaining a law that sets a flat rate in an effort to arrest declining output from the North Slope.
Norway politics could make oil investments riskier, report says - 20/08/2014
OSLO, Norway (Bloomberg) -- Norway risks discouraging investment in its oil industry if western Europe’s biggest crude producer repeats surprise tax increases and political meddling in projects, according to a report. The country’s rating in terms of political and export risk and respect for contracts could fall if parliament continues to intervene in offshore projects, according to a report by IHS Inc. presented by the Norwegian Oil and Gas Association, an industry group.
Inpex to sell 1.2% Ichthys LNG stake to Kansai Electric Power - 20/08/2014
TOKYO, Japan -- Inpex Corporation (Inpex) stated it has agreed to transfer 1.2% of its equity interest in the Ichthys LNG Project to Kansai Electric Power Co., Inc. (Kansai Electric Power). The agreed transfer is required to meet all conditions precedent including approval by the Australian Government.
EMAS AMC awarded a three-year frame agreement for subsea installation in UK - 20/08/2014
OSLO, Norway -- EMAS AMC has been awarded a three-year frame agreement with Apache North Sea Ltd. for offshore construction services, following completion of a competitive tender exercise.
Badger Explorer inks co-operation agreement with CNPC DR - 20/08/2014
STAVANGER, Norway -- Badger Explorer ASA (BXPL) has signed a Co-operation Agreement concerning a potential long term agreement with China National Petroleum Corporation Drilling Research Institute (CNPC DR), whereby CNPC DR will become a sponsoring partner in the development of the Badger Explorer autonomous drilling tool.
Lukoil ships first batch of compensation oil as part of West Qurna-2 project in Iraq - 20/08/2014
MOSCOW -- Sea Triumph, a tanker chartered by LITASCO (an international marketing subsidiary of OAO Lukoil), left the port of Basra in southern Iraq with a load of crude. This is the first batch of oil in reimbursement of the costs incurred by Lukoil as part of the West Qurna-2 project.
ClearSign contracts with Aera Energy LLC to demonstrate next-generation NOx emissions control technology in California's San Joaquin Valley - 20/08/2014
SEATTLE -- ClearSign Combustion Corporation reported that it has entered into a Field Test Agreement with Aera Energy LLC to demonstrate and test its proprietary Duplex™ tile combustion technology in oil fields located in Kern County in central California.
EnQuest marks 11 years of safety achievements in North Sea - 20/08/2014
LONDON -- EnQuest has achieved a significant safety milestone after recording a total of 11 years without a lost time incident (LTI) across three of its North Sea producing assets.
XPD8 seals contracts in North Sea, Malaysia - 20/08/2014
ABERDEEN, United Kingdom -- XPD8 Solutions has secured more than $3 million (£2.25 million) in combined contract wins for work in the North Sea and Malaysia.
Woodside expects better priced M&A targets as oil giants sell - 20/08/2014
PERTH, Australia (Bloomberg) -- Woodside Petroleum Ltd. sees increasing opportunities to hunt down acquisitions as the world’s major energy producers focus on selling assets. “M&A opportunities are coming onto the market,” CEO Peter Coleman told analysts on Aug. 20 on a call after Woodside reported a 27% gain in first-half profit.
Statoil officially opens Gudrun platform in North Sea - 20/08/2014
STAVANGER, Norway -- Norwegian prime minister Erna Solberg officially opened the Gudrun platform in the North Sea on Aug. 19. This is the first new Statoil-operated platform on the Norwegian Continental Shelf (NCS) since Kristin in 2005.
Bumi Armada bags $1.18 bn FPSO contract - 20/08/2014
KUALA LUMPUR, Malaysia -- International offshore oilfield services provider, Bumi Armada Berhad reported that its wholly-owned subsidiary Bumi Armada Offshore Holdings Limited (BAOHL), together with its joint venture company,PT Armada Gema Nusantara (PT AGN), have been appointed as the Floating Production, Storage and Offloading Vessel (FPSO) Lease Contractor for the Madura BD Field, approximately 65 km east of Surabaya and about 16 km south of Madura Island, offshore Indonesia via a Letter of Intent (LOI) issued by Husky-CNOOC Madura Limited (HCML).
Honeywell’s UOP technology selected to clean offshore natural gas in UK - 20/08/2014
DES PLAINES, Illinios -- UOP LLC, a Honeywell, reported that it has been selected by BW Offshore to remove contaminants from natural gas aboard a new Floating Production, Storage and Offloading (FPSO) vessel off the coast of Scotland.
Integrated Drilling Equipment names Martin Paulk as Senior VP - 20/08/2014
SPRING, Texas -- Jim Terry, CEO of Integrated Drilling Equipment Holdings Corp. (IDE), stated the appointment of Martin (Marty) Paulk, 52, as SVP of Sales, Marketing and Strategic Implementation, effective immediately.
Trilantic Capital Partners sells majority interest in VantaCore Partners LP - 20/08/2014
NEW YORK -- Trilantic Capital Partners (Trilantic), a global private equity firm, today stated the sale of its majority stake in VantaCore Partners LP (VantaCore), as part of Natural Resource Partners LP acquisition of the Company. NRP has entered into a definitive agreement to acquire VantaCore for $205 million, subject to customary purchase price adjustments.
Wild well reports expansion in Asia Pacific region - 20/08/2014
HOUSTON, Texas -- Wild Well Control, Inc., reported the hiring of Wayne Stennes and Christian Haustead to further increase the company’s service offerings and presence in the Asia Pacific region. Stennes and Haustead, formerly with Impact Response Group, have been named MD and area manager, respectively. They will be based in Kuala Lumpur, Malaysia, at the Wild Well regional office.
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