Fossil Energy
PSV Island Clipper delivered to Island Offshore
On Thursday, April 9, 2015, Island Offshore has taken delivery of Island Clipper PSV from Vard Brevik. Island Clipper is a platform supply vessel which will perform duties such as carriage of general cargo, pipe cargo on deck, cement/barrite and liquid cargo to and from offshore installations. In ad
Total in minor gas discovery in Skirne East (Norway)
Total E&P Norge AS, operator of production licence 627, is about to complete the drilling of wildcat well 25/6-5 S, in the Norwegian North Sea. The well is a gas discovery, which encountered a net 10 metre gas column in the high quality Middle Jurassic Hugin formation. The Skirne East exploration we
Statoil, Siemens launch subsea hydraulic power unit
Siemens and Statoil have jointly developed and qualified a subsea hydraulic power unit for use in offshore oil and gas fields in order to provide hydraulic power right at the well site. The Subsea Hydraulic Power Unit (SHPU) supplies low pressure and high pressure control fluid to the subsea control
DeepOcean scoops riser installation work from Statoil
DeepOcean AS, a subsidiary of DeepOcean Group Holding BV, has been awarded the Riser Installation contract for the Kristin and Heidrun platforms, located in the Norwegian Sea, by Statoil. The modification of these platforms is required in preparation of a possible tie-back from the near-by Maria-dev
New contract for drilling rig in Azerbaijan, Maersk Drilling tweets
Danish drilling contractor Maersk Drilling has won a contract extension for one of its offshore drilling rigs. According to a tweet from the company’s official Twitter account, the semi-submersible drilling rig Heydar Aliyev has received a 160 day contract extension from BP. The rig is being used by
Helge Lund could leave BG with $47.8M in his pocket
Golden Parachute is an expression describing a contract clause given to a top executive of a company, guaranteeing a hefty payment in case the company gets taken over by another company and the executive loses his job. Helge Lund (photo), the CEO of the UK-based oil and gas firm BG Group could get j
Aibel axes more jobs
Aibel has decided to let go 40-50 workers from Kristiansund, Norway and another 70 workers from Bergen, Norway. According to Offshore.no, the company had a town hall meeting in Kristiansund yesterday and the decision is to start the process right away. The company stated that this is because of the
Shell is taking over BG. Here is what you need to know
Offshore Energy Today yesterday reported on Shell’s move to take over rival company BG Group in what has been described as an oil & gas deal of the decade. Shell has agreed to acquire BG Group in a combined cash and shares transaction of an estimated value of $69.8 billion. Wood Mackenzie, one of th
TGS hires Polarcus Adira seismic vessel for survey in Norway
Polarcus Limited has signed a Letter of Award (“LOA”) with TGS-NOPEC Geophysical Company ASA for the charter of the company’s 3D seismic vessel, Polarcus Adira. The charter is for 3 months with an option for a further 3 months extension. The vessel will be operating offshore Norway. In a separate st
SEA to provide subsea distribution units to Apache
SEA, a Cohort plc company, has been awarded a contract to supply subsea distribution units to Apache North Sea Ltd. Under the contract, its subsidiary J+S will provide subsea distribution units and associated equipment and services for Apache’s Ness Nevis project. Apache is undertaking a development
Shell in talks to buy BG Group for $70 billion (UK)
Oil major Royal Dutch Shell is in talks to buy BG Group, a UK-based oil and gas company, for £47 billion ($69.8 billion) in shares and cash combined. The combination will result in BG Shareholders owning approximately 19% of the combined group. In their joint statement issued today, BG Group and She
Unite: AKD Engineering closure massive body blow to workforce
The closure of the 60-year old AKD Engineering Ltd in Lowestoft, Suffolk, with the loss of 113 jobs, was described as ‘a massive body blow’ to the workforce and the local economy by UK’s largest union, Unite. The company announced it is to close the business from the end of June, following several y
SBM Offshore denies reports of bribery case settlement in Brazil
SBM Offshore, the world’s largest provider of FPSO units, entangled in a bribery case investigation with Petrobras in Brazil, has denied media reports claiming the company has reached a settlement with the country’s authorities. The company was referring to a report by Folha de Sao Paulo newspaper,
‘Barbaros’ leaves Cypriot waters. Peace talks set to resume
Greek Cypriots and Turkish Cypriots look set to resume peace talks, cancelled in October last year, after Nicos Anastasiades, the president of Cyprus said he would not take part in any negotiations with the Turkish side, as long as Turkey violates sovereign rights of Cyprus. He was referring to Turk