Fossil Energy
Gazprom starts seismic surveys in the Barents Sea
Russian gas giant Gazprom has kicked off a 3D seismic survey in the Russian sector of the Barents Sea. The 3200 square kilometers survey is being carried out by the Vyacheslav Tikhonov seismic research vessel, over the Ludlovskoye offshore block. Gazprom says that technology used in the survey is in
Armada Intrepid FPSO to be loaded onto Dockwise Vanguard transport vessel
Dockwise will on May 8, 2015 load the Armada Intrepid Floating Production, Storage and Offloading (FPSO) onto the Dockwise Vanguard in the Caland canal, Port of Rotterdam, The Netherlands. According to the press release, the loading operation is expected to last 3 to 4 hours, starting when the Armad
New OSVs incoming despite oversupply
Spring has arrived in Northern Europe, but the brighter weather has not coincided with brighter prospects for OSV owners in the North Sea, Seabrokers write in their April newsletter. The downturn that has been experienced in the market showed no signs of abating in April, with average spot fixture r
Baker Hughes: Worldwide rig count falls by 1.120 in April
Baker Hughes has said today that the worldwide rig count for April 2015 was 2,268, down 289 from the 2,557 counted in March 2015, and down 1,120 from the 3,388 counted in April 2014. This includes both onshore and offshore rigs in the U.S. and internationally. The international rig count for April 2
Goliat FPSO on its way to Barents Sea location
The Goliat oil platform, recently delivered from South Korea to Norway, is now being towed from Hammerfest in Finnmark to the field location in the Barents Sea. The cylindrical FPSO facility, operated by Eni Norge, has been lying in the fjord at Ersvika outside Hammerfest for just over two weeks und
Tranoscean reports 1Q loss on $881M in charges
Offshore drilling contractor Transocean Ltd has reported a net loss the first quarter 2015 of $483 million, mostly attributed to an impairment of its deepwater drilling rigs. For comparison, the Switzerland-based drilling contractor’s net profit for the same period last year was $456 million. Revenu
Farstad Shipping sells PSV Far Superior
Norway’s Farstad Shipping ASA has sold the 1990 built, 92.3 meters long Platform Supply Vessel Far Superior to an undisclosed buyer. The sale was executed today, May 7, through Farstad Shipping’s subsidiary Farstad Marine AS. Farstad has saidthe sale of the vessel will give a booked loss of approxim
Repsol profit falls 6%
Spanish oil company Repsol posted net income of 761 million euros in the first quarter of 2015, a 6% drop from the 807 million euros posted in the first quarter of 2014 when 299 million euros of earnings and capital gains were recorded, due in large part to the definitive execution of the sale of li
Total and FMC Technologies team up for technology development
FMC Technologies and Total have signed a Frame Agreement for technology development. The purpose of this Frame Agreement is to define the R&D relationship and to create a framework for collaborative and innovative projects. The goals of the agreement are to enable an environment where the parties ca
Atlantic Petroleum sells Pegasus gas discovery stake
Atlantic Petroleum, an independent oil company based in Faroe Islands, has decided to sell its share in the Pegasus gas discovery in the UK North Sea. The company has signed a sale and purchase agreement with Third Energy Offshore Limited for the sale of Atlantic Petroleum’s interests in P1724 (UK B
AGR to drill well offshore Comoros Islands
The Norwegian AGR and SP Offshore have entered into a Memorandum of Understanding (MoU) under which AGR will provide a range of exploration services and the drilling of an ultra-deepwater (UDW) well off the Comoros Islands. AGR remarks that SP Offshore, through its subsidiary SPO E&P (Comoros) SARL,
Vroon sends VOS Sugar SSV down the slipway
Vroon has launched its 68-metre long subsea-support vessel (SSV) VOS Sugar that is currently under construction at Fujian Southeast Shipbuilding in China. According to the company, the vessel is the first of two such vessels being built in Fujian, both fitted with an active heave-compensated crane.
Ampelmann expands to USA
Dutch company Ampelmann, focused on the development, construction and lease of offshore access solutions, has opened office in Houston. Delft headquartered company dealing with motion compensated access solutions, said that opening a new office represents the next step in the expansion of the compan
DNV GL helps Lundin move from exploration to production
With lower oil prices and smaller margins, good project management is more important than ever, yet operators are often challenged when moving from field development projects into the operational phase, DNV GL writes. The company says that it has therefore developed a framework and roadmap for plann