Fossil Energy
Cost cuts should not affect safety, Maersk CEO says
Today, on April 28, 2015, Maersk launches its Global Safety Day, engaging employees throughout the Group in discussions of how to support the Group’s safety awareness. The Global Safety Day coincides with the World Day for Safety and Health at Work, an annual international campaign organized by the
Subsea UK calling for experts to voice their concern
Subsea UK has called for industry experts to step forward and voice their concerns over the challenges currently facing the sector as a result of the falling oil price at its ROV conference in September. The industry body has launched a call for papers for the annual conference, now in its third yea
Saipem sees profit jump
Italy’s Saipem has announced its first quarter 2015 results according to which the company’s net profit was €77 million ($83.4 million) in comparison with €61 million ($66.1 million) in the first quarter of 2014. Revenues amounted to €3 billion, an increase of 4.5% on the first quarter of 2014. Acco
Falck adds to its offshore fire training assets
Falck Safety Services (Falck), has recently enhanced its fire training asset, installing a new three-storey fire rig, located at Aberdeen Airport. The new investment, working in partnership with The Fire Training Group (FTG), will enable Falck to continue to provide offshore workers with fire traini
Stork lands three-year deal with Bibby Offshore
Stork, a provider of asset integrity management services focused on the oil & gas sector, has won a three-year frame agreement with Bibby Offshore for subsea mechanical and environmental and decontamination services. The agreement, which comes with two one year extension options, will allow Stork to
Popular news, April 20 – 26, 2015
Last week was all about thirty fourth IHS CERAWeek conference in Houston, so naturally some of the most read articles on Offshore Energy Today include the stories reported by our team attending the conference. The speech made by Statoil’s CEO Eldar Sætre during IHS CERAWeek conference tops our list
Shell cuts staff in Norway
Shell has announced staff reductions in Norway. According to Shell, this will include 120 permanent positions and 140 contractors and consultants positions. In the spring of 2014, A/S Norske Shell started a systematic effort to strengthen its competitiveness and adapt to future activities through co
Siem, Daya work out new terms for OSCVs sale. One vessel cancelled
Norway’s Siem Offshore (SIOFF) and Malaysia’s Daya Materials Berhad have negotiated their terms for the sale of two DP2 Offshore Subsea Construction Vessels (OSCVs) Siem Daya 1 and Siem Daya 2 whereby the sale of the second vessel has now been cancelled. According to the previous agreement, the two
PSV Island Clipper lands its first contract
Island Offshore’s platform supply vessel (PSV) Island Clipper has been awarded a contract for a duration of three moths. According to the company, the contract starts on May 10, 2015 and the vessel will work on well stimulation in the UK sector. The charterer has the option to extend the work period
Ocean Yield secures funds for ‘Aker Wayfarer’
Ocean Yield ASA has today signed a new revolving credit facility of $220 million with maturity in 2021 with a group of banks for the long-term financing of the vessel Aker Wayfarer. The vessel is on bareboat charter to AKOFS Wayfarer AS until 2027, and the charter is fully guaranteed by Akastor ASA.
PSA Norway warns of disturbing start to 2015
According to the Petroleum Safety Authority (PSA) Norway, figures from “Trends in risk level in the petroleum activity” (RNNP) 2014 show sound improvements in several areas. However, 2015 has started negatively, with many serious incidents and the PSA finds this worrying. The annual survey by the Pe
Wood Mackenzie: Domino discovery could trigger burst of investment in Black Sea
At yesterday’s annual BBSPA conference in Vienna Wood Mackenzie presented its latest analysis of the competitiveness of Black Sea deepwater developments and the significant Domino discovery, which look set to dramatically influence the region’s gas supply dynamics and corporate landscape. According
PHOTO: Huisman installs pipelay tower on ‘Skandi Africa’
Huisman Equipment has installed the 650mt Pipelay Tower onboard DOF’s Skandi Africa. In addition, Huisman also installed the crane house of the 900mt Crane onboard the vessel. The vessel arrived to Huisman’s yard in March 2015. The Skandi Africa is a newbuild DP3 construction support vessel, designe
Ithaca sells Norwegian exploration business to MOL
Ithaca Energy Inc. has entered into an agreement to sell its wholly owned subsidiary, Ithaca Petroleum Norge AS (Ithaca Norge), for an initial consideration of $60 million. The company also has the ability to earn additional bonus payments of up to $30 million dependent on exploration success from t