Fossil Energy
DOF closes deal for PSV Skandi Falcon
DOF’s subsidiary, DOF Rederi, a Norwegian supply shipping company, has sold its Platform Supply Vessel (PSV), Skandi Falcon. According to the company, the vessel has been laid up since the end of 2014. DOF did not disclose the name of the buyer nor the value of the contract, but only stated that it
BP sheds CATS pipeline stake for $486M
BP has agreed to sell its stake in Central Area Transmission System (CATS) pipeline to Antin Infrastructure Partners for $486 million. Antin will acquire BP’s 36.22% share of the CATS system. According to Reuters, the sale of CATS system is expected to conclude before the end of the year and it is a
Statoil gives up on ‘Island Wellserver’
Statoil has decided to drop the option for the riserless, well intervention vessel, the Island Wellserver. According to Offshore.no, Statoil can no longer find work for the vessel. The Island Wellserver is owned by Island Offshore and it is under contract with Statoil until the end of October. Islan
VIDEO: Goliat FPSO floats off transport vessel
Eni Norge has informed that the Goliat FPSO was successfully floated off the heavy-lift vessel, Dockwise Vanguard, in the fjord outside Hammerfest early this morning. The FPSO arrived in Hammerfest, Norway on Dockwise Vanguard six days ago (April 17, 2015) following a long journey from South Korea.
PSA sheds light on man overboard incident at Scarabeo 8
The Petroleum Safety Authority’s (PSA) investigation of the incident on Scarabeo 8, when a man fell overboard, has been completed. According to the PSA, several regulatory breaches were identified. A man fell overboard from the semi-submersible drilling rig Scarabeo 8, that was located in the Barent
FSV VOS Gorgeous delivered to Vroon
Vroon has taken delivery of a field-support vessel (FSV) VOS Gorgeous on Thursday, April 16, 2015. The vessel was delivered to the company at Fujian South East Shipyard (FSES) in Fuzhou, China. VOS Gorgeous is a 60-m FSV and third in a series of four such FSVs being built at the Shipyard for Vroon.
Intertek opens upgraded corrosion testing facility
Intertek, a solutions provider to industries worldwide, has officially opened its newly expanded centre for corrosion testing services in Manchester, UK. The company has invested £1.2m ($1.8 million) in its Production and Integrity Assurance (P&IA) facility in Manchester, UK to meet growing demand f
MOL to discuss entry into North Sea market at SPE Aberdeen event
Newcomer to the UKCS, Hungary-based MOL Group is set to discuss its entry into the North Sea market at a Society of Petroleum Engineers (SPE) Aberdeen event on May 6, 2015. MOL Group, an integrated oil and gas company, completed a deal in March 2014 to acquire 14 North Sea licenses from Germany’s Wi
BP’s Bob Dudley: No shift to renewables any time soon
Bob Dudley, the CEO of BP, has said that the planet is far away from being run solely on renewable energy power, during a Q&A session at the IHS Ceraweek conference in Houston. “The sheer size of the world economy and the complexity of that means it cannot be simplified into shift to renewables quic
Statoil CEO: Our industry has bad memory
Statoil CEO Eldar Sætre has called for more standardization across the oil and gas industry, saying that is the key to lowering costs in the tough market of low oil prices. Sætre, appointed CEO of Norway’s biggest oil company after Helge Lund left for BG Group, said: “Some say that the secret to hap
Ex-Deep Sea Supply man dismisses Farstad CCO offer
Finn Amund Norbye has declined the offer to become Chief Commercial Officer (CCO) at Norwegian shipping company Farstad Shipping. Norbye, the former CEO in Deep Sea Supply, previously accepted an offer from Farstad in February 2015 and he was supposed to start his new position in April 2015. “Farsta
Lundin warns of $249M costs hit in first quarter
Sweden’s Lundin Petroleum will expense pre-tax exploration costs of approximately $45 million and a net foreign exchange loss of approximately $204 million for the first quarter of 2015. The profitability for the first quarter of 2015 will be impacted by certain expensed exploration costs as well as
Det norske completes two Ivar Aasen appraisal wells (Norway)
Det norske oljeselskap AS, operator of production licence 001 B, has completed drilling of appraisal wells 16/1-21 S and 16/1-21 A on the Ivar Aasen field, in the North Sea. The field is located in the central part of the North Sea and was proven in 2008. The size of the field prior to drilling [&he
SembMarine clinches FSO conversion deal from Teekay
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage and Offloading (FSO) conversion contract worth S$56 million from Teekay for the Gina Krog Field in the North Sea. Sembawang Shipyard will work closely with Teekay to convert the shuttle tanker Randgrid into a