Fossil Energy
OMV gains nod for Barents Sea wildcat
The Norwegian Petroleum Directorate (NPD) has granted OMV Norge AS a drilling permit for well 7324/8-2, in the Barents Sea. Well 7324/8-2 will be drilled from the Leiv Eiriksson semi-submersible drilling rig. The drilling programme for well 7324/8-2 relates to the drilling of a wildcat well in produ
Pusnes bow loading systems for three new shuttle tankers
Finland’s MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. Pusnes solutions provide connections that allow shuttle tankers to load oil directly from offshore facilities while holdin
Nexans confirms layoffs in Norway, citing not enough work
Nexans, a France-based cable manufacturer for the oil and gas industry, has confirmed the launch of both temporary layoffs and downsizing at the company’s plant in Halden, Norway. To remind, based on Norwegian media reports, Offshore Energy Today on Wednesday wrote that the company would be letting
Nordic American Offshore in PSV hold-up
Nordic American Offshore Ltd. (NAO), an offshore shipping company, has agreed with the Norwegian based Vard Aukra shipyard to extend the delivery of two Platform Supply Vessel (PSV) newbuildings. Vard and NAO signed the deal for the delivery of two PSVs in June 2014. The vessels were originally sche
GlobalData: Value of upstream M&A nosedives in March
Merger and Acquisition (M&A) values in the upstream oil and gas sector dropped significantly to $829.8 million in March 2015, compared with $2.9 billion in the previous month, according to research and consulting firm GlobalData. The company’s latest monthly upstream deals review states that oil and
Gallery: Statoil in official launch of Valemon
Statoil has reported that petroleum and energy minister Tord Lien is opening the Valemon gas and condensate field in the North Sea today. The field was brought on stream on January 3, 2015. Expected recoverable reserves from the field are 192 million barrels of oil equivalent. “Valemon is one of sev
Video: Construction & launching of ‘Ocean Dolphin’ SSV
Above is a video of construction and launching of the ‘Ocean Dolphin’ seismic support vessel. The vessel was launched at Cemre shipyard in Turkey in March this year. Ocean Dolphin, designed by Salt, is the first of two seismic support vessels ordered by Norfield from Cemre. The vessel is 69,8 meters
New CEO for World Wide Supply AS
Norwegian supplier of offshore support vessels World Wide Supply AS, has announced an appointment of new Chief Executive Officer. Jostein Sætrenes will hand over the position as CEO of the company to Frede Uldbæk. The company has explained that the reason for the CEO change is that Sætrenes wants to
Sealion orders two offshore construction vessels in China
Sealion Shipping Ltd, on behalf of Toisa Limited, has ordered two DP2 Multi-Purpose Offshore Construction & ROV Support Vessels (RSV’s) in China. The vessels will be built by Qingdao Wuchuan Heavy Industry Co. Ltd (QWHI), with delivery expected in mid-2017. Each vessel will have two offshore, active
Petrofac completes ‘Golden Eagle’ project
UK’s Petrofac has completed a project for Nexen Petroleum UK Ltd.’s Golden Eagle Development Area in the UK North Sea, delivered through its Plant Asset Management consulting business. This involved the development and implementation of a maintenance program for the Golden Eagle installation, locate
Huntington fully back on stream
Iona Energy has informed that the four production wells at Huntington field, located in the UK North Sea, are now fully back on stream. The company previously reported that E.ON, the Huntington Operator, had notified of resumption of service from the Central Area Transmission System (CATS). Now that
GMC designs buoyant tower for Energean’s Prinos field
GMC LTD has just completed the Basic Design of a self-installing Buoyant Tower for the Prinos Field Development for Energean Oil and Gas (Athens, Greece). The design brief was twofold to find a way to extend the life and utility of the existing Prinos infrastructure, and to find a cost effective and
TGS, Dolphin team up for Barents Sea survey
TGS has signed a joint venture agreement with Dolphin Geophysical (DOLP) to acquire 4,500 km(2) 3D multi-client seismic survey over the western part of the Hammerfest Basin in the Barents Sea, Norway. The survey will provide industry with broadband data over APA acreage not previously covered by mod
Lime Norway farms into North Sea license
Hibiscus Petroleum’s jointly-controlled entity, Lime Petroleum Norway AS (Lime Norway), has executed an agreement with Lundin Norway AS (Lundin) to acquire a 30% interest in PL544, in the North Sea. Lundin is the operator at PL544. The parties in the license will be Lundin with 40%, Bayerngas Norge