Norwegian firm Statoil ASA is ending its rig contract for the Maersk Gallant six months early. The jack up rig has been on contract with Statoil for two years, since 21 August 2014, and since 9 October it has been sub-chartered to ConocoPhillips. "Between 14 February and 21 August 2016 the Maersk Gallant is on a new contract with Total E&P Norge AS, who will pay cancellation fee according to the former contract," says a press statement from Statoil. In January, Total received consent from the Petroleum Safety Authority (PSA) of Norway, to drill the North Sea exploration well 1/5-5 in PL 618 using Maersk Gallant. The jack-up Gallant was last listed as operating in the North Sea. No information was given on the day rate or other terms for the lease. The rig has worked in the North Sea since it was commissioned in 1993. The Maersk Gallant contract is the latest of several to be terminated by the Norwegian firm. Since last summer, it has terminated contracts with Transocean Ltd. for the Discoverer Americas ultradeepwater drillship; Songa Offshore for the Songa Trym semisubmersible drilling rig ; and COSL Drilling Europe AS for the COSL Pioneer drilling rig. The cancellation from Statoil comes at a time when businesses servicing the exploration and production side of the energy sector face pressures from lowered industry spending that's developed since crude oil prices started
The first deep-sea exploration of the Perth Canyon, Australia's largest undersea valley, will launch today, Phys.org is reporting. The 12-day expedition is backed by Google billionaire Eric Schmidt and will study the conditions and marine life inside the canyon, which researchers hope will provide new information about the effects of climate change. A team of researchers from the University of Western Australia led by Professor Malcolm McCulloch will collaborate with
StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea. The proven recoverable resources are estimated at about 25 million barrels of oil. The well confirmed the existence of a 280-metre oil column in rocks with good reservoir properties. "Our exploration activities close to fields on stream are successful and the discovery again confirms that there is still a great potential in this part of the North
A deep-sea exploration robot — one of the first successful submersible vehicles that was both unmanned and untethered to surface ships — was lost at sea Friday, March 5, on a research expedition off the coast of Chile. The 15-year-old Autonomous Benthic Explorer, affectionately nicknamed ABE, was launched late on the night of Thursday, March 4, and had reached the seafloor to begin its 222nd research dive when, in the early hours of Friday morning
Joint report anticipates a continual rise in recruitment with a steeper salary hike in the first half of 2011 March 14, 2011: Salaries in the global oil and gas industry are to increase throughout 2011 according to a joint report from OilCareers.com, the international job board for the oil and gas industry, in association with partner Air Energi, a global provider of manpower solutions to the energy sector. Focusing on employment and salary trends in the energy sector throughout 2011 the
After more than 169 years, Canadian researchers discovered one of the two ships from the doomed Arctic expedition of Sir John Franklin, cracking one of the largest mysteries in sea exploration. The wreck was found some 11 meters below the surface using a ROV recently acquired by Parks Canada. It is unknown whether the ship is HMS Erebus or HMS Terror, though researches expect to determine its identity within several days.
Environmentalist group Greenpeace reportedly took the UK government to court over what it sees as Britain's failure to protect coral beds, whales, dolphins and other marine life from the effects of oil and gas exploration. Greenpeace officials said the government has failed to apply the European Union Habitats Directive to oil and gas exploration in the relatively deep waters of the Atlantic Frontier, where oil companies believe large new oil reserves are waiting to be tapped.
Statoil has been awarded shares in eight exploration licenses on the Norwegian continental shelf. The company is operator on six of them. The award, which comprises 38 production licenses, is split between 25 for the North Sea, ten for the Norwegian Sea and three for the Barents Sea. Statoil has been awarded shares in six North Sea licenses and two Norwegian Sea licenses. The company did not apply for shares in the Barents Sea this time
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced the approval of a deepwater Gulf of Mexico Exploration Plan (EP) following the completion of a site-specific Environmental Assessment (SEA) for deepwater oil and gas exploration. Shell Offshore, Inc.’s Supplemental EP includes five proposed exploratory wells in approximately 7,160 to 7,259 feet water depth, as well as three previously approved wells approximately 72 miles offshore Louisiana.
CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline Petroleum Corporation (PPC) (jointly as "Primeline") for Block 33/07 in the East China Sea. Block 33/07 is located about 390 kilometers of Shanghai in the East China Sea. It covers a total area of 5877 square kilometers, with water depth of 90 meters.
MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired 4
Expectations at the start of the year that 2016 would be a tough one for the oil industry, and in particular for offshore, were on the whole fulfilled, says Clarksons Research report. Overall upstream E&P spending globally fell for the second successive year
Cairn announced the appointment of Eric Hathon as Director of Exploration. Dr Hathon, who has more than 25 years experience in the international oil and gas industry, will join Cairn from Marathon Oil Corporation where he held the position of Director Conventional Exploration
The Philippines is waiting for clarity on its relations with China before lifting a suspension on exploration in disputed areas in the South China Sea, its energy minister said on Monday. It is being studied whether it is "high time to lift the suspension
The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the bureau will offer more than 48 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development, in a lease sale that will include all available unleased areas in the
Ophir and its joint venture partners, BG Tanzania (Shell) and Pavilion Energy, have concluded the drilling of two exploration wells offshore Tanzania, safely and on time. The programme comprised Kitatange-1 in Block 1 and Bunju-1 in Block 4
Norway's Statoil is considering whether to end its costly search for oil and gas in the U.S. Gulf of Mexico, the company's exploration chief told financial daily Dagens Naeringsliv (DN) on Friday. Statoil has been part of several discoveries in the region as a junior licence partner
Fugro has been awarded a contract from INPEX Operations Australia Pty Ltd (INPEX) for subsea services to be executed across the Ichthys facilities in the Timor Sea, located approximately 220 kilometres from the coast of Western Australia. INPEX is Japan’s largest oil and gas exploration and
China and Vietnam pledged to manage maritime differences over the South China Sea and safeguard peace and stability. Communist Party chiefs of China and Vietnam agreed in Beijing on Thursday that two countries should expand cooperation in various fields including maritime exploration and
Offshore energy platforms a potential target; Israel accepting bids on 24 new exploration blocks. Israel is boosting spending on its navy to better protect offshore oil and gas deposits and secure a large maritime zone that abuts that of its neighbour and enemy, Lebanon.
The Norwegian Ministry of Petroleum and Energy has announced the results of the APA (Award in Pre-Defined Areas) licensing round, which granted four licences to MOL Norge on the Norwegian Continental Shelf. MOL Group’s Norwegian subsidiary
China Shipbuilding Industry Corp (CSIC) is developing a manned submersible vehicle, which would be able to dive into Challenger Deep, the deepest point on Earth estimated to be around 10,900m below the surface, Xinhua news agency reported.
Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to Yinson Production (West Africa) Pte Ltd (Yinson), a wholly-owned subsidiary of Yinson Holdings Berhad
Keppel Offshore & Marine subsidiary Keppel Shipyard Ltd is on track to deliver a floating production storage and offloading (FPSO) vessel to Yinson Production (West Africa) Pte Ltd (Yinson), a subsidiary of Yinson Holdings Berhad, marking the first FPSO delivery of 2017.
Sound Energy, the African and European focused upstream gas company, announced on 29 November 2016, that the terms of the contract for the use of Pergemine S.p.A ("Pergemine") 3000 HP EMSCO C3 rig for the drilling of the Badile exploration well (the "Rig")