Maersk Extends North Sea Energy Enhancer Gig

Northern Offshore, Ltd. reported that its subsidiary, Northern Offshore U.K. Limited, has received a declaration from Maersk Olie og Gas AS exercising the first of three one-year options for the jackup Energy Enhancer (300' ILC). The commencement date of the option period is mid-July 2013, which commits the Energy Enhancer to Maersk for continued operation in the Danish Sector of the North Sea until June 2014. This option exercise adds approximately $48 million to the company's contracted revenue backlog.

"We are pleased with the opportunity to continue our relationship with Maersk and sincerely appreciate their commitment to Northern Offshore. The Energy Enhancer is performing very well and this contract extension provides a significant increase in revenue from this unit. There are two remaining one-year options and with the North Sea market continuing to strengthen, we remain optimistic about this sector for the foreseeable future," Gary W. Casswell, Northern Offshore's president and CEO, said.

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Maersk Extends North Sea Energy Enhancer Gig

Northern Offshore, Ltd. reported that its subsidiary, Northern Offshore U.K. Limited, has received a declaration from Maersk Olie og Gas AS exercising the first of three one-year options for the jackup Energy Enhancer (300' ILC). The commencement date of the option period is mid-July 2013, which commits the Energy Enhancer to Maersk for continued operation in the Danish Sector of the North Sea until June 2014. This option exercise adds approximately $48 million to the company's contracted revenue backlog.

"We are pleased with the opportunity to continue our relationship with Maersk and sincerely appreciate their commitment to Northern Offshore. The Energy Enhancer is performing very well and this contract extension provides a significant increase in revenue from this unit. There are two remaining one-year options and with the North Sea market continuing to strengthen, we remain optimistic about this sector for the foreseeable future," Gary W. Casswell, Northern Offshore's president and CEO, said.

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RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit http://www.riglogix.com/.

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MOG Extends Gas Sales Contract with Repower

Italy-focused Mediterranean Oil & Gas (MOG) reported Thursday that its Medoilgas Italia subsidiary has signed a gas sales contract that will see all the company's production from its Guendalina gas field sold to Repower Italia from Oct. 1. 2013 until Sept. 30, 2014.

Repower has already purchased all production from Guendalina since April 1, 2012 to Sept. 30, 2013 under the firms' existing deal.

The new contract includes an option for the company to sell all or part of its onshore Italy gas production that is connected to the Italian gas distribution network to Repower at the same payment terms. Currently, around 75 percent of the company's onshore Italy gas production is connected to the gas distribution network with the remaining 25 percent sold to local customers.

MOG Chief Executive Dr. Bill Higgs commented in a company statement:

"We are very pleased to renew our relationship with Repower until the end of the thermal year ending in 2014. Repower has proven to be a good customer in what continues to be a challenging gas market in Italy."

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MOG Extends Gas Sales Contract with Repower

Italy-focused Mediterranean Oil & Gas (MOG) reported Thursday that its Medoilgas Italia subsidiary has signed a gas sales contract that will see all the company's production from its Guendalina gas field sold to Repower Italia from Oct. 1. 2013 until Sept. 30, 2014.

Repower has already purchased all production from Guendalina since April 1, 2012 to Sept. 30, 2013 under the firms' existing deal.

The new contract includes an option for the company to sell all or part of its onshore Italy gas production that is connected to the Italian gas distribution network to Repower at the same payment terms. Currently, around 75 percent of the company's onshore Italy gas production is connected to the gas distribution network with the remaining 25 percent sold to local customers.

MOG Chief Executive Dr. Bill Higgs commented in a company statement:

"We are very pleased to renew our relationship with Repower until the end of the thermal year ending in 2014. Repower has proven to be a good customer in what continues to be a challenging gas market in Italy."

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Indonesia Extends Pertamina CEO Tenure

JAKARTA - Indonesia's government has extended the tenure of Karen Agustiawan, the president director of state energy company Pertamina, to ensure the continuity of business plans currently being implemented, a minister said Tuesday.

"We extended Karen's period temporarily," State Enterprises Minister Dahlan Iskan told reporters on the sidelines of a meeting. The government may retain her for a full-five year term, he said.

Mr. Iskan said the decision to extend was made last Thursday at a shareholders' meeting.

Ms. Agustiawan's term began in February 2009 and had been scheduled to end on March 5. Tenure at the company's top spot typically lasts five years, but governments in the past have occasionally changed the CEO early.

Achievements during her tenure include a foray into alternative energy such as geothermal and coal-bed methane, and pursuit of assets outside Indonesia.

In a vote of confidence for Pertamina's development under Ms. Agustiawan, investors flocked to the U.S. dollar-denominated bonds the company issued in 2011 and 2012, from which it raised US$3.9 billion.

Pertamina's net profit in 2012 rose 26% to 25.89 trillion rupiah (US$2.7 billion), Ms. Agustiawan said last week.

Output rose to 461,640 barrels of oil equivalent last year from 457,640 barrels.

Copyright (c) 2012 Dow Jones & Company, Inc.

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Indonesia Extends Pertamina CEO Tenure

JAKARTA - Indonesia's government has extended the tenure of Karen Agustiawan, the president director of state energy company Pertamina, to ensure the continuity of business plans currently being implemented, a minister said Tuesday.

"We extended Karen's period temporarily," State Enterprises Minister Dahlan Iskan told reporters on the sidelines of a meeting. The government may retain her for a full-five year term, he said.

Mr. Iskan said the decision to extend was made last Thursday at a shareholders' meeting.

Ms. Agustiawan's term began in February 2009 and had been scheduled to end on March 5. Tenure at the company's top spot typically lasts five years, but governments in the past have occasionally changed the CEO early.

Achievements during her tenure include a foray into alternative energy such as geothermal and coal-bed methane, and pursuit of assets outside Indonesia.

In a vote of confidence for Pertamina's development under Ms. Agustiawan, investors flocked to the U.S. dollar-denominated bonds the company issued in 2011 and 2012, from which it raised US$3.9 billion.

Pertamina's net profit in 2012 rose 26% to 25.89 trillion rupiah (US$2.7 billion), Ms. Agustiawan said last week.

Output rose to 461,640 barrels of oil equivalent last year from 457,640 barrels.

Copyright (c) 2012 Dow Jones & Company, Inc.

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Plains All American Extends Mississippian Lime Pipeline

Plains All American Pipeline, L.P. announced it is constructing a 55-mile extension of its previously announced Mississippian Lime pipeline to service growing production in the Mississippian Lime resource play of western Oklahoma and southwest Kansas.

The Mississippian Lime pipeline extension, which is expected to be brought into service in the fourth quarter of 2013, will provide up to 75,000 barrels per day of crude oil throughput capacity from Coldwater in Comanche County, Kansas to Byron in Alfalfa County, Okla. From Byron, crude oil will flow on PAA's Mississippian Lime pipeline to its terminal in Cushing, Okla. The pipeline extension is supported by a long-term commitment from an area producer.

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Ferguson Group Extends Middle East Presence

The Ferguson Group, specialists in the rental of equipment to the offshore energy industry, has announced the launch of its new Ferguson Middle East Abu Dhabi division.

Ferguson Middle East LLC, based in Abu Dhabi, will support the Ferguson Group's increasing presence in the Middle East that saw the opening of its Dubai office in August 2012.

The new Abu Dhabi division will allow Ferguson Middle East to offer its range of offshore containers, refrigeration containers and its accommodation and, workspace modules to a wider market and range of companies operating within Middle East.

Mike Melville, commercial director for the Ferguson Group said: "The launch of our new office in Dubai last year was an extremely positive move for the company. Having this new office in Abu Dhabi is a great start to 2013 for Ferguson Middle East.

"I am excited about the future plans for our Middle East offices, as the company is able to expand and better support the offshore energy sector in the region."

The new company will be based in the Al Hilal Building in Abu Dhabi. The new division will offer the company's full range of products that include offshore containers, tanks, baskets, refrigeration/chiller containers, accommodation solutions and workspace modules.

Steven Ferguson, Chairman and CEO of the Ferguson Group, said: "We are delighted to launch this second company in UAE, servicing our clients in the Middle East. Our presence in these two key locations demonstrates our commitment to the region, acknowledging how important this market is to the Ferguson Group and recognizing the growing client demand in the region.

"Internationalization is a key aspect of our business and allows us to provide our high quality products across the globe, teamed with short lead times and first class, on the ground support."

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Ferguson Group Extends Middle East Presence

The Ferguson Group, specialists in the rental of equipment to the offshore energy industry, has announced the launch of its new Ferguson Middle East Abu Dhabi division.

Ferguson Middle East LLC, based in Abu Dhabi, will support the Ferguson Group's increasing presence in the Middle East that saw the opening of its Dubai office in August 2012.

The new Abu Dhabi division will allow Ferguson Middle East to offer its range of offshore containers, refrigeration containers and its accommodation and, workspace modules to a wider market and range of companies operating within Middle East.

Mike Melville, commercial director for the Ferguson Group said: "The launch of our new office in Dubai last year was an extremely positive move for the company. Having this new office in Abu Dhabi is a great start to 2013 for Ferguson Middle East.

"I am excited about the future plans for our Middle East offices, as the company is able to expand and better support the offshore energy sector in the region."

The new company will be based in the Al Hilal Building in Abu Dhabi. The new division will offer the company's full range of products that include offshore containers, tanks, baskets, refrigeration/chiller containers, accommodation solutions and workspace modules.

Steven Ferguson, Chairman and CEO of the Ferguson Group, said: "We are delighted to launch this second company in UAE, servicing our clients in the Middle East. Our presence in these two key locations demonstrates our commitment to the region, acknowledging how important this market is to the Ferguson Group and recognizing the growing client demand in the region.

"Internationalization is a key aspect of our business and allows us to provide our high quality products across the globe, teamed with short lead times and first class, on the ground support."

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Vanoil Extends Agreement with Rwanda

Vanoil Energy announced Tuesday it has executed a two month extension to its Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources.

The agreement provides Vanoil with the exclusive right to negotiate a Production Sharing Contract (PSC) covering approximately 629 square miles (1,631 square kilometers) of the East Kivu Graben, located beneath Lake Kivu, Rwanda.

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