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.
Antarctic season ends in the homeport after half a year Bremerhaven / Germany, 11 May 2016. on Wednesday, 11 May 2016, the research vessel Polarstern is expected back in its home port of Bremerhaven after a good six months of Antarctic expeditions.
Greece will conclude the evaluation of deep-sea oil and gas exploration bids in the coming weeks and will name the preferred bidders soon after, its energy minister said on Friday, as the country seeks to tap into its limited oil reserves.
OKYO, JAPAN, 16 MAY 2016: As Japan ramps-up its export drive, APL steps in to support Japanese growers and exporters in the exploration of overseas markets for their fresh produce. Through its range of SMART reefer solutions and well-diversified global network
Alexey Miller, Chairman of the Gazprom Management Committee, and Nguyen Quoc Khanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), signed today in Moscow a number of documents to strengthen cooperation between the companies.
Jacques Cousteau’s ship Calypso, star of the “Undersea World of Jacques Cousteau”, was loaded on March 14 in Concarneau, France for shipment to Turkey, where the legendary oceanographic vessel will undergo renovations.
Malaysia has opened an area of its offshore waters to the multi-client seismic model for the first time. The move is a result of a new initiative by Petronas to stimulate offshore E&P investment activity. “A consortium comprising of PGS, TGS and Schlumberger WesternGeco
China's Foreign Ministry on Friday rebuffed Vietnam's second demand this year to move a controversial oil rig and drop plans to drill in South China Sea waters where jurisdiction is unclear, saying it was engaging in normal exploration activity.
WWF-Canada, represented by Ecojustice lawyers, is taking legal action to quash Arctic oil and gas exploration permits that continue to obstruct conservation efforts in Lancaster Sound, Nunavut. The environmental group believes they “continue to obstruct conservation
Repair of Polyarnaya Zvezda and Severnoye Siyaniye, semi-submersible mobile offshore drilling units (MODU) of the sixth generation, has been completed under survey of Russian Maritime Register of Shipping (RS) at Yantai CIMC Raffles Offshore Shipyard Ltd. in Yantai, China. Mr
Oil firm Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic, having curbed activity due to the oil price slump, the firm's exploration chief for Norway told Reuters.
Cypriot President Nicos Anastasiades has said that building an LNG terminal in Cyprus will depend on discoveries and the results of the country’s third licensing round. Discussing the Cyprus Exclusive Economic Zone’s third licensing round
Norwegian oil major Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X. The concept was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil.
TGS announces the expansion of its multi-client library offshore Eastern Canada with plans to acquire more than 36,000 km of 2D seismic data, in partnership with PGS, utilizing two vessels during the 2016 acquisition season. The M/V Sanco Spirit and M/V Atlantic Explorer
In 2015, Ulstein Group recorded revenues of $279.4 million and an operating loss of $11.5 million. The business areas Design & Solutions and Power & Control both recorded profits. The downturn in the offshore sector and a tricky market has to be met with adaptation and innovation
Wintershall Norge AS has awarded a four-year service contract to Halliburton Norge AS to support its Maria Projects in the Norwegian Sea. The contract is effective immediately and will be used for drilling-associated services on Wintershall’s Maria development in the