Fossil Energy
Otto Marine delivers four vessels
Singapore’s Otto Marine announced today that its Indonesian shipyard, PT Batamec, has completed the construction of Harbour Tugs and two Anchor Handling Tug Supply (“AHTS”) vessels for PT Pertamina Trans Kontinental (“PTK”). The deliveries consisted of two 3000 bhp Harbour Tugs, Patra Tunda 3151 & P
TTS Group wins three offshore and deck cranes contracts
A Bergen-headquartered TTS Group ASA has won three contracts through its Business Unit Offshore for delivery of offshore and deck cranes. According to the company, the total worth of the contracts is about $13.21 million. TTS said in its press release that the main contract is with Singapore-based T
Nordic Energy’s Chairman resigns
Nordic Energy PLC, a North Sea-focused oil and gas E&P company, has announced that its Chairman and Director has resigned. The company explained yesterday that Donald Nicolson has resigned from his position due to conflicting time commitments. The company did not provide more details on what those c
Offshore energy: Short-term dip, long-term rise (Interview)
Dutch bank Rabobank in March issued a report titled: “Offshore energy: Short-term dip, long-term rise” in which they provide an insight in the current market conditions and a forecast of what the future may hold for the global offshore oil and gas industry. Offshore Energy Today interviewed Richard
Bumi Armada inks $300M FSU deal (Malta)
Malaysia-based Bumi Armada Berhad has entered into agreements with ElectroGas Malta Limited (EGM) for the conversion, supply and operations and maintenance of one floating storage unit (FSU). The contracts were signed through Bumi Armada’s wholly owned subsidiaries Armada Floating Gas Storage Malta
Kvaerner: Edvard Grieg topside ready for delivery (Gallery)
Norway’s Kvaerner has informed that the 22 000 tonnes topside for the new offshore platform for the Lundin-operated Edvard Grieg field is ready for delivery. The next phase for the topside is preparations for tow-out and hook-up of all systems before production starts from the field, offshore Norway
Statoil in new round of staff cuts
Norway’s state-owned oil giant Statoil is reportedly cutting stuff in a new round of redundancies. According to Aftenbladet, Statoil will cut up to 20 percent within its technical sector that employs around 12,000 engineers. This might mean that up to 2,400 engineers will find themselves without emp
Wood Group PSN wins North Sea gig from EnQuest
Wood Group PSN has been awarded a new five year contract from EnQuest to provide engineering, design, construction, procurement and commissioning services to the Thistle, Heather and Northern Producer offshore assets in the North Sea. The terms of the contract reflect EnQuest’s ongoing focus on redu
Enegi, Kongsberg in marginal field initiative
Enegi Oil has announced that Kongsberg Maritime and Braemar ACM Shipbroking have signed Collaboration Agreements with ABT Oil and Gas Ltd. (Enegi’s joint venture with ABTechnology Ltd.) (ABTOG) becoming the first members of the consortium that is targeted at the delivery of the Marginal Field Initia
Technip nets Triton FPSO work
Technip has been awarded a brownfield subsea contract for the Triton floating production storage and offloading (FPSO) vessel, operated by Dana Petroleum, located in the central North Sea. This FPSO vessel is located 193 kilometers east of Aberdeen, at a water depth of approximately 90 meters. It pr
Rosneft: New drilling record for Sakhalin-1 (Gallery)
Rosneft, as part of Sakhalin-1 Consortium, has completed drilling of the “world’s longest well” at the Chayvo field, off the coast of Sakhalin Island. O-14 production well was drilled with Orlan drilling platform in direction of the field’s south-eastern point. According to Rosneft, the well has the
TGS to cut 10% of its global workforce
TGS-Nopec, a Norwegian seismic surveyor, today will lay off over 10 percent of its global workforce, citing deteriorating demand for its services. This means that around 100 workers can expect to be laid off. Announcing its cost reduction program, the company has said today it now expects to see a 2
Bergen Group disposes of rig-service yard in Norway
Bergen Group has decided to divest the company’s rig-service activity at Hanøytangen. The total transaction price is set to NOK 245 million ($30.2 million). Sale agreements have been concluded with Semco Maritime AS for the operational activity and with Hellik Teigen AS for the real estate. The well
‘Olympic Bibby’ IRM vessel christened in Norway
Kleven Shipyard last week, on Thursday April 9, hosted a naming ceremony the Olympic Bibby, Inspection Repair and Maintenance (IRM) light construction vessel. Bibby Offshore, a provider of subsea installation services to the offshore oil and gas industry, signed a charter agreement with Olympic Ship