Search results for: marine energy

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  • 23 June 2017

    Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has launched an investigation into a hydrocarbon leak on the Gjøa field, located in the North Sea off Norway, on June 21. Engie E&P, as the operator of the field, shut down the production from the field following the incident on Wednesday. The operator on Thursday revealed […]

  • 19 June 2017
    Business & Finance

    Claxton, an engineering and services company in subsea services group Acteon, has been awarded a contract for rigless casing cutting and recovery of seven wells in the Southern North Sea. Claxton said that the company would work for an undisclosed North Sea operator on unmanned platforms and an additional subsea suspended well. Work is scheduled to […]

  • 13 June 2017

    Norwegian safety body, the Petroleum Safety Authority (PSA), has found an improvement point during an audit of Repsol’s obligations as a licensee in the country’s production licenses. Repsol, a participant on the Norwegian Continental Shelf since 2003, is a licensee in 25 production licenses and is the operator of Gyda, Blane, Rev, Varg, and Yme […]

  • 13 June 2017

    Improvements in oil and gas contractor confidence both in the UK Continental Shelf (UKCS) and internationally suggest some businesses are seeing signs of recovery and are focused on the future, according to an industry report released today. The findings of the 26th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in […]

  • 13 June 2017
    Business & Finance

    Wood Group has secured a $6 million contract with Woodside to support the execution of phase two of their Greater Western Flank (GWF-2) project, located on the North West Shelf (NWS), offshore Western Australia. Effective immediately, Wood Group will provide engineering support for the subsea pipeline system during the fabrication and construction stages, the energy […]

  • 9 June 2017
    Equipment

    Norway’s Electromagnetic Geoservices (EMGS) has entered into prefunding agreements related to 3D CSEM data surveys in the Barents Sea and Norwegian Sea in Norway using the conventional technology and the new Deep Blue source. The agreements represent revenues of approximately $3 million and the data will be acquired during the 2017 summer season, the company […]

  • 8 June 2017
    Project & Tenders

    London-listed oil and gas company Empyrean Energy has begun a 3D seismic survey on its 100 percent owned Block 29/11, offshore China. Block 29/11 is approximately 1,800 square kilometers and is situated approximately 200 kilometers off Hong Kong in water depths ranging from 340-600 meters. Empyrean has the right to conduct exploration under a Geophysical […]

  • 8 June 2017
    Business & Finance

    The U.S. Bankruptcy Court has approved Paragon Offshore’s consensual plan of reorganization under chapter 11 of the U.S. Bankruptcy Code and the driller expects to emerge from bankruptcy next month.  Paragon announced its consensual plan of reorganization on May 2. Under the plan, Paragon’s existing equity will be deemed worthless and the company’s secured creditors and unsecured bondholders […]

  • 5 June 2017
    Business & Finance

    Seismic Apparition, a seismic data acquisition, processing, and imaging services company, has named Robin Walker as its new commercial director. Seismic Apparition said last week that Walker has more than 30 years’ experience in the seismic sector, most of it with WesternGeco and its predecessor companies. Most of his time was spent in commercial roles, most […]

  • 1 June 2017
    Business & Finance

    CGG GeoConsulting has been awarded a contract to supply digital well products to the Oil & Gas Authority (OGA), the UK government oil and gas industry regulator. The awarded contract is part of a wider tender for comprehensive subsurface databases and information sources to encourage further exploration in underexplored areas of the UK Continental Shelf […]

  • 31 May 2017

    A wind up hearing against Emas Offshore’s subsidiary, Lewek Champion Shipping, related to debts for the charter of the Lewek Champion vessel has been adjourned for July.  The owner of the Lewek Champion pipelay construction vessel, Hai Jiang 1401, filed an application with the High Court of Singapore on May 5 to wind up Lewek Champion Shipping as […]

  • 30 May 2017
    Business & Finance

    Statoil’s nomination committee has unanimously recommended that the company’s corporate assembly elects Jon Erik Reinhardsen as the new chairman of the board of directors. The Norwegian oil company also said that the committee recommended the re-election of Roy Franklin as deputy chair and Wenche Agerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman, and […]

  • 29 May 2017
    Business & Finance

    Albert Brindal, a non-executive director of Australian oil and gas company Far Limited, has decided to retire after being on the company’s board of directors for the better part of the decade. Far said on Monday that Brindal served 17 years with the company including almost ten years on the board. He was also a member […]

  • 24 May 2017
    Business & Finance, Exploration & Production

    Offshore driller Seadrill has said it has made progress with its restructuring plans which may involve Chapter 11 solution. In April, the company reached an agreement with its bank group to extend the comprehensive restructuring plan negotiating period until July 31, 2017, reflecting significant progress on the terms of such restructuring made with the bank group, […]

  • 22 May 2017
    Exploration & Production

    Statoil has received consent from the Petroleum Safety Authority (PSA) to use the Bideford Dolphin drilling rig for production drilling at Vigdis field offshore Norway.  Vigdis is an oil field in block 34/7 at the Tampen area of the Norwegian North Sea. The field, which is in 280 meters of water, has been developed using […]

  • 19 May 2017
    Equipment

    Wild Well Control, a well control and engineering services company, has purchased subsea capping equipment from Shell EP Wells Equipment Services B.V. Wild Well said on Thursday that the addition of this inventory enhances its current global equipment and response capabilities for the WellCONTAINED subsea containment systems and provides added capabilities for its 7Series Subsea […]

  • 16 May 2017

    New research from Australia’s Bureau of Meteorology, in partnership with the oil and gas industry, is aiming to deliver better tropical cyclone forecasts for offshore facilities to improve safety and reduce costs. The Bureau of Meteorology said on Tuesday that the two-year research program, jointly funded by Shell, Woodside, Chevron, and Inpex, developed new meteorological […]

  • 10 May 2017

    The construction of the Trans Adriatic Pipeline in Albania has been stopped after an ancient settlement has been discovered at the designated route. The pipeline is being built to carry gas from the Shah Deniz field in the Caspian Sea, off Azerbaijan, to Europe. It will connect with with the Trans Anatolian Pipeline (TANAP) near […]

  • 9 May 2017
    Business & Finance

    Norwegian oil services company Aker Solutions saw a decrease in profit as well as revenues for the first quarter of this year due to market slowdown. However, looking ahead, the company sees some signs of recovery.  According to its quarterly report on Tuesday, the company won NOK 4.6 billion in new orders in the quarter. The […]

  • 8 May 2017
    Exploration & Production

    Oil company Lundin has received consent from the Petroleum Safety Authority (PSA) to drill an exploration well in the Barents Sea with the Ocean Rig-owned Leiv Eiriksson drilling rig. The well is located in block 7220 in the Lundin-operated production license 609 in the Barents Sea off Norway. The offshore safety body gave its consent […]

  • 8 May 2017
    Business & Finance, Exploration & Production

    Offshore ultra-deepwater driller Pacific Drilling sank deeper into the red during the first quarter of 2017 while its revenues almost halved during the period when compared to the year-before quarter.  The driller on Friday posted a net loss for the first quarter 2017 of $99.8 million, compared to net loss of $43 million for the […]

  • 5 May 2017

    Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move to cut output.