Petrogress Enters Joint Venture with EDT Offshore
Petrogress, Inc. has announced that its Petrogress Int’l, LLC (PIL) subsidiary has entered into a Memorandum of Understanding (MoU) with EDT Agency Services, Ltd. (EDT Offshore) to combine the companies’ operations at the Port of Limassol and additional port facilities in Cyprus. The MoU covers shorebase and offshore support services from the Port of Limassol, as well as future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for a $300 million industrial and energy harbor.
Samson Energy to Sell $1 bln Gulf of Mexico Assets
Oil and gas explorer and producer Samson Energy Company LLC is selling its offshore Gulf of Mexico assets that could fetch more than $1 billion, according to people familiar with the situation. The Tulsa, Oklahoma-based company has tapped Jefferies LLC, the New York-based investment bank, to assist with the sale effort, these people said, asking not be named because the talks are private. A representative for privately-held Samson confirmed Jefferies was working on a sale process for the portfolio of wells and leases, but declined to provide further details.
Noble Energy CEO retiring, COO apparent successor
Noble Energy Inc said Chief Executive Charles Davidson plans to retire on May 1, 2015 and that it intended to appoint Chief Operating Officer David Stover as his successor in October. Davidson will serve as the oil and gas producer's chairman until the company's annual meeting in 2015. Noble said it would propose the election of Stover as a director at a meeting next Tuesday. Noble Energy is an independent energy company engaged in worldwide oil and gas exploration and production.
Subsea Well Blowout Response Tested in GofM
The Department of the Interior’s Bureau of Safety & Environmental Enforcement (BSEE), Noble Energy, Inc. and the Helix Well Containment Group (HWCG) participated in the exercise. A full-scale deployment of critical well control equipment was employed to assess Noble Energy’s ability to respond to a potential subsea blowout in the deepwater Gulf of Mexico. BSEE Director James Watson confirmed that the HWCG capping stack deployed for the exercise met the pressurization requirements of the drill scenario, marking successful completion of the exercise.
Dutch HFG Wins Offshore EPCI Contract
Heerema Fabrication Group contracted by Marathon E.G. Production to deliver the new Alba B3 greenfield gas compression platform. The Alba Field is a gas and condensate field located approximately 20 miles north of Bioko Island. MEGPL operates the Alba Field on behalf of itself and working interest partners Samedan of North Africa, Inc. a wholly-owned subsidiary of Noble Energy, Inc.and Compania Nacional de Petroleos de Guinea Ecuatorial. The gas compression platform is to be bridge-linked to the existing Alba B2 platform.
ABS Elects New Council
At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.
Contract for Ultra-Deepwater Rig Sedco Express
Transocean Ltd. (NYSE:RIG) announced that a subsidiary of Noble Energy, Inc. (NYSE:NBL) has awarded a 455-day contract for the ultra-deepwater semisubmersible rig Sedco Express. Estimated contracted revenues related to the 455-day contract term are approximately $241m. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period, excluding revenues for mobilization, cost escalations, customer reimbursed equipment and miscellaneous adjustments.