Fossil Energy
Gondan Shipyard launches new PSV (Gallery)
A new platform supply vessel (PSV) was launched on Saturday, April 18, 2015, at Gondan Shipyard in Figueras, Spain, for the Norwegian shipowner Simon Møkster Shipping. The new PSV, of UT 776 Wave Piercing Rolls Royce design, is 92 m long and 20 m wide. The vessel will be built based on the same Roll
Lundin in new senior management appointment
Lundin Petroleum AB (Lundin Petroleum) has announced that Nick Walker will join Lundin Petroleum’s management team as Senior Vice President Development and Operations. According to the company, Walker will join Lundin Petroleum with immediate effect and will have the responsibility of overseeing all
AGR clinches well management contract with DEA
Noway’s AGR has announced the award of Well Engineering and Operational Support Services contract with DEA Norge. According to the company’s statement, the contract covers support in well planning and operational execution and consultancy manpower to DEA’s drilling projects on the Norwegian continen
PSA probes Wintershall’s Brage (Norway)
The Petroleum Safety Authority Norway (PSA) has carried out an audit of Wintershall Norge AS (WINO) within the disciplines of cranes and lifting operations and the management of maintenance on the Brage installation, in the North Sea. According to the PSA, the objective of the audit was to verify re
Popular news, April 13 – 19, 2015
The most read article on Offshore Energy Today last week was our interview with Rabobank’s industry analyst, Richard Brakenhoff. Namely, Dutch bank Rabobank issued a report recently titled: “Offshore energy: Short-term dip, long-term rise”, providing their insight into the current market conditions.
Statoil to end routine gas flaring by 2030
Statoil and several other oil companies and nations joined together today to commit, for the first time, to end the practice of routine gas flaring at oil production sites by 2030. CEO Eldar Sætre represented Statoil at the signing at the World Bank in Washington together with Norwegian foreign mini
Transocean: Two contracts in, one out, one rig to the scrapyard
Transocean, a Switzerland-based offshore drilling contractor, has notched up $26 million worth of rig contract extensions since its last update in March 2015. It has also lost a contract for one rig, and decided to scrap one. In its latest fleet update, Transocean Ltd. said it won contract extension
Lithuania back on offshore exploration map
Baltic Sea, Lithuania Stockholm-based Gripen Oil & Gas AB has submitted application for four offshore licences in the Baltic Sea, offshore Lithuania. Lithuanian Geological Survey (LGT) has conducted 2D seismic surveys across the territorial waters of Lithuania that covers about 11,500 km2, and found
Report: GE Oil & Gas to cut jobs to reduce costs
GE Oil & Gas is reportedly set to start staff cuts in an attempt to reduce costs. According to Evening Express, Aberdeen’s daily newspaper, the company has begun the restructuring process which includes job cuts. Evening Express quotes GE Oil & Gas spokesperson as saying: “GE Oil & Gas has started r
Goliat FPSO reaches Hammerfest (Norway)
Eni Norge’s Goliat FPSO has arrived in Hammerfest, Norway, today from South Korea after a 63-day voyage covering 15,608 nautical miles. It will now undergo final preparations for the first oil production from the Barents Sea. When the field comes on stream later this summer, Goliat will become the w
North Atlantic Drilling, Rosneft give themselves more time
Rosneft and North Atlantic Drilling Limited (NADL) have agreed to extend the termination date of the Framework Agreement signed on August 20, 2014 until May 31, 2017. On November 7, 2014, the closing of the transaction was delayed until the end of May 2015. The 2014 Framework Agreement that envisage
Schlumberger cuts 11.000 more jobs
Schlumberger, the world’s largest provider of services to the oil and gas industry, has announced a new round of job cuts. On top of the 9000 layoffs announced in January, the company has said it will let go 11.000 more workers, citing cuts in capex made by oil companies due to falling oil prices. S
Norway: March liquids production ascends
The Norwegian Petroleum Directorate has released preliminary production figures for March 2015 which show an average daily production of about 1 935 000 barrels of oil, NGL and condensate. This is 3 000 barrels per day (about 0.2 percent) more than in February 2015. Total gas sales were about 10.9 b
BG Norge bites dust near Knarr field
BG Norge AS, operator of production licence 373 S, is completing drilling of exploration well 34/3-5, located approximately five km southeast of the Knarr Field in the Northern North Sea, around 120 km West of Florø. The well is dry. The objective of well 34/3-5 was to prove petroleum in Early Juras