Providencehelp Worldwide Foundation: 2014-07-27

Providencehelp Worldwide Foundation

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Saturday, 2 August 2014

Rosneft and Mozambique’s ENH sign MoU

Igor Sechin, President & Chairman, Rosneft, Nelson Ocuane, President, Mozambique National Oil Co (ENH) and Paulino Gregorio, Director, ENH signed a Memorandum of Understanding at the 21st World Petroleum Congress on June 16, 2014.

Under the Memorandum, the parties will look into areas of mutual interest and cooperation, including joint bidding in upcoming hydrocarbons exploration and production licensing rounds in the Republic of Mozambique.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.

Friday, 1 August 2014

EMGS seals agreement for multi-client data offshore Faroe Island

EMGS seals agreement for multi client data offshore Faroe Island TRONDHEIM, Norway Electromagnetic Geoservices (EMGS) has received an agreement worth $4.3 million for multi client data offshore the Faroe Island. The agreement includes both late sales of the existing multi

CGG to cut fleet, jobs after second-quarter loss

PARIS (Bloomberg) -- CGG will cut jobs and accelerate reductions in its fleet of vessels after delayed orders led to a second-quarter loss. CGG will shrink its fleet to 13 vessels from 18 by the end of the year and cut about 10% of its workforce, or more than 1,000 jobs worldwide, the company said in a statement. Sites in Norway, Nigeria and Venezuela will be closed.

Bechtel, Gulf Island Fabrication partner for new offshore projects

Bechtel, Gulf Island Fabrication partner for new offshore projects HOUSTON, Texas Bechtel and Gulf Island Fabrication, Inc reported that they will pursue opportunities together in the offshore market in the Gulf of Mexico and around the world. The combination of

Seabird Exploration gets Letter of Award for 2D seismic survey in Australasia

Seabird Exploration gets Letter of Award for 2D seismic survey in Australasia LIMASSOL, Cyprus SeaBird Exploration Plc (SeaBird) reported that Aquila Explorer has received a letter of award for a 2D seismic survey in Australasia. The survey will cover a

Eni in 500 MMboe gas find offshore Gabon

MILAN, Italy -- Eni has made an important gas and condensates discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 km from the coast of Gabon and 50 km from the capital city Libreville. Preliminary estimates suggest the new gas discovery is significant, with initial potential in place estimated at 500 MMboe.

Landmark acquires Neftex Petroleum Consultants Limited

HOUSTON -- Landmark Software and Services, a Halliburton business line, has acquired Neftex Petroleum Consultants Limited, a UK-based company specializing in sequence stratigraphy-based products and consulting for subsurface risk reduction. The Neftex Earth Model integrates millions of data points to deliver a global overview of the geological history and resource development of the earth.

MedcoEnergi buys oil and gas blocks in Tunisia

Medco Tunisia Petroleum, has entered into an agreement, effective 1 January 2014, to acquire 100% of the shares of Storm Ventures International from Storm Ventures International “Seller” for a base purchase price of $ 114.03 million, excluding an amount payable forworking capital (which is subject to a customary post-closing adjustment). The Seller is a subsidiary of Chinook Energy, which is listed on the Toronto Stock Exchange. SVI (together with its subsidiaries) is one of the leading active exploration and production companies in Tunisia, with a participating interest in eight working areas.

SVI’s interest in Tunisia comprises four exploration areas, two development areas and two production areas with concession periods of either 30 or 50 years. Out of these eight areas, five are located onshore and three are offshore. All of SVI’s blocks are located in prolific hydrocarbon areas. Five onshore blocks (Adam, Sud Remada,Bir Ben Tartar, Jenein and Borj El Khadra) are located in the Ghadames Basin, while the remaining three offshore blocks (Cosmos, Hammamet and Yasmin) are located in the Pelagian Basin off the northeast coast of Tunisia.
The completion of this acquisition is conditional upon, amongst other things, approval from the Government of Tunisia and the consent of certain existing partners in the blocks. Upon completion of the acquisition, MedcoEnergi anticipates adding 2P reserves and oil-and-gas production (net working interest before royalties, taxes and Government take) by 12.3 MMboe and 2,800 Boepd, respectively.

Production is envisaged to increase to approximately 16,000 Boepd from in fill well drilling of the existing producing block (Bir Ben Tartar) and the development of the Cosmos and Yasmin blocks (scheduled for completion in 2018) is expected to add a further 12.6 MMboe of 2P reserves.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.

TGS continues to build backlog with three new multi-client surveys

ASKER, Norway -- TGS has announced three new multi-client surveys; a 3D survey offshore Australia, a 2D survey offshore New Zealand and a 3D survey in the West of Shetland region.

MUA withdraws notice to strike at Mermaid Dampier supply base in WA

MUA withdraws notice to strike at Mermaid Dampier supply base in WA FREMANTLE, Australia Mermaid Marine Australia Limited (MMA) reported that the Maritime Union of Australia (MUA) has withdrawn notice of the intention to take protected industrial action at the

BGP completes 3D seismic acquisition offshore Gabon for Perenco

BGP completes 3D seismic acquisition offshore Gabon for Perenco ZHUOZHOU, China BGP Pioneer successfully completed Perenco Oil & Gas Gabon 3D seismic acquisition project of approximately 1500 sq km offshore Gabon. The project was challenging as it included undershoot operations

Santos to proceed with SAJV's Stage 2 plan in Northern Territory

Santos to proceed with SAJV' s Stage 2 plan in Northern Territory TOOWONG, Australia Central Petroleum Limited (Central) reported that Santos has elected to proceed to Stage 2 of an amended Southern Amadeus Joint Venture with Central under terms that will

Tamarind, Blackstone form $800 mn venture for upstream projects in SE Asia

Tamarind, Blackstone form $800 mn venture for upstream projects in SE Asia NEW YORK Tamarind Energy (Tamarind), reported its formation with a commitment from Blackstone Energy Partners. The Tamarind team is composed of a deep bench of senior executives with

North Atlantic Drilling, Rosneft ink contracts for six offshore units

HAMILTON, Bermuda -- North Atlantic Drilling (NADL) has announced that six binding offshore contracts have been executed with Rosneft. The total revenue potential for the six contracts, exclusive of mobilization, is approximately $4.25 billion.

API publishes new industry standard for subsea capping stacks

WASHINGTON, D.C. -- The American Petroleum Institute has published new guidelines for the design, manufacture and use of subsea capping stacks, equipment designed as part of industry’s emergency preparedness in the event of a spill at a wellhead on the ocean floor.

IWCF urges industry to increase basic well control knowledge post Macondo

MONTROSE, United Kingdom -- The International Well Control Forum (IWCF) is gearing up to launch an online awareness course focussing on the life cycle of a well, with particular emphasis on well control. It is aimed at everyone working in the oil and gas industry and those planning on entering the sector. The free e-learning initiative will be available on IWCF’s website before the end of the year after the organization, which sets international training standards for well control, commissioned new content and the build of an interactive online program.

Tullow starts flaring to sustain Jubilee output in Ghana

LONDON (Bloomberg) -- Tullow Oil started burning gas off Ghana to sustain production at its largest project. “We are still injecting majority of the gas,” COO Paul McDade said in a phone interview. Flaring “is assisting us, while we are waiting for the gas plant” to “sustain target production,” he said.

SM Energy acquires Baytex Bakken assets for $330 mn

SM Energy acquires Baytex Bakken assets for $330 mn CALGARY, Alberta Baytex Energy Corp (Baytex) reported that it has entered into an agreement to sell its North Dakota assets (the Assets) to SM Energy Company, effective July 1, 2014, for

Icon Energy to begin hydraulic stimulation in Cooper basin

Icon Energy to begin hydraulic stimulation in Cooper basin GOLD COAST, Australia Icon Energy Limited (Icon) reported that the ATP 855 Joint Venture has reached agreement on the forthcoming hydraulic stimulation and testing program to be undertaken by Condor Energy

Vroon launches FSV ‘VOS Glory’

Vroon launches FSV ‘VOS Glory’ BRESKENS, Netherlands Vroon Offshore Services reported on 29 July, the launching of VOS Glory took place at Fujian Southeast Shipyard in China. VOS Glory is a 60 m field support vessel (FSV), currently under construction

Beach Energy's Elliston-2 development well in Cooper basin permit PPL 249 disappoints

Beach Energy' s Elliston 2 development well in Cooper basin permit PPL 249 disappoints ADELAIDE Cooper Energy Limited reports that Elliston 2, located in PPL 249 on the western flank of the Cooper Basin, South Australia, has been plugged and abandoned

CNOOC launches production from offshore gas field Lishui 36-1 in East China Sea

CNOOC launches production from offshore gas field Lishui 36 1 in East China Sea Hong Kong CNOOC Limited (CNOOC) reported that the Lishui 36 1 gas field has commenced production. Lishui 36 1 gas field is located 150 kms away

Swala Energy reports positive results from Kenya seismic program

Swala Energy Limited has provided an update on the 2D seismic program underway in Block 12B in Kenya. Swala has a 25% equity interest in the block. The other JV participants are CEPSA (with a 25% interest) and Tullow Oil, the operator, with a 50% equity interest.

The seismic program over Block 12B has been completed and the preliminary interpretation of the results is positive. A total of 350 km of 2D seismic were acquired over Block 12B. The initial results based on preliminary processed data indicate the presence of large-scale faulted structures across the entire basin, together with the presence of shallow volcanics, a feature of the East African Rift System. Initial results, supported by Swala' s earlier reinterpretion of available legacy data, suggest a Neogene basin with possible 3,000 m of sedimentary fill.

The JV participants shall now complete the reprocessing and interpretation of the data before deciding whether to proceed into the third year of operations.

Dr. David Mestres Ridge, Swala' s CEO, said, “These initial results from the seismic program are very encouraging in that the extent of faulting in the basin suggests the possibility of structural traps both within and at the edges of the basin.

"We look forward to updating the market once the reprocessing and interpretation of the data has been completed which should give a robust understanding of the trapping potential.”

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.

Saipem awarded new drilling contracts worth $850 million

MILAN, Italy -- Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet.

Dolphin takes delivery of first of three new seismic guard vessels

BERGEN, Norway -- Dolphin Geophysical attended the naming ceremony of the 7-Oceans new build seismic guard vessel in Maaskant Shipyard, Holland, on July 25. This is the first of three new build seismic guard vessels that Dolphin will take on long term charter (4 years plus) with Rederij Groen.

Statoil installs Valemon topsides in Norwegian North Sea

Statoil installs Valemon topsides in Norwegian North Sea STAVANGER, Norway On 28 July the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea. Produced by Samsung Heavy Industries this is the first

PGN FSRU project commences commercial operations offshore Sumatra

PGN FSRU project commences commercial operations offshore Sumatra OSLO, Norway The PGN FSRU Lampung project offshore Indonesia reached an important milestone 21 July 2014 when the unit, along with its associated mooring and pipeline to shore was deemed mechanically complete

Ophir Energy completes acquisition of Junon 3D seismic survey offshore Seychelles

Ophir Energy completes acquisition of Junon 3D seismic survey offshore Seychelles WEST PERTH, Australia WHL Energy Limited (WHL Energy) reported the 1,528 sq km Junon 3D seismic survey has been completed. The specialist seismic acquisition vessel M V Polar Duchess

Tellus Resources acquires interest in Block 3114 in Madagascar in deal with Caravel Energy

Tellus Resources reported that it has agreed to acquire a 25% interest (with the right to acquire up to an 80% interest) in a drill ready and large scale oil exploration asset, located onshore on the Island of Madagascar, off the south-east coast of Africa.

The vendor of the asset is Caravel Energy. The terms of the transaction are summarised below.

The Asset, which comprises approximately 10,000 sq km of onshore acreage, has recently been the subject of a seismic campaign which has identified large scale oil targets together with at least one drill ready prospect. As such, a drilling campaign is planned to commence in the latter part of the year. The acreage the subject of the acquisition has recently been the subject of a seismic campaign which has identified large scale oil targets.As such, a drilling campaign is planned to commence in the latter part of this year.

Under the Sale Agreement the Company has agreed to acquire:

CRJ’s 25% shareholding interest in PetroMad being the company which owns a 100% interest in the Bezaha Oil Project concession located in Southern Madagascar – the Asset ; and all of CRJ’s rights and obligations under an agreement entered into with the owner of the remaining 75% interest in PetroMad and under which CRJ is entitled, subject to successful completion of staged work programs, to earn up to an 80% ownership interest in PetroMad.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.

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Saturday, 2 August 2014

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Wednesday, 30 July 2014

Tuesday, 29 July 2014

Monday, 28 July 2014

Sunday, 27 July 2014