Fossil Energy
Huntington ready for full ramp up
Iona Energy Inc. has reported that the Huntington field, located in the UK North Sea, is ready for full ramp up when unrestricted access to CATS gas export system is made available. The Huntington field has been operating under gas export rate restrictions since October 2014 which has reduced the ra
Lansdowne launches strategic review. Sale of business an option
Independent oil and gas company Lansdowne has launched a review of the company’s strategic options, aiming to “maximising value for shareholders.” The company, which recently farmed out a stake in its SEL 4/07 block, offshore Ireland. to Kinsale Energy, a subsidiary of Malaysia’s Petronas, said that
New addition to Akastor’s management team
Akastor ASA, an oilfield services investment company, has informed that Paal E. Johnsen will take the position as Investment Director in Akastor, and will be a part of the company’s executive management team. According to the company, Johnsen comes from a position in DNB Markets, and has extensive e
Survivex to provide training services to Hercules Offshore
Survivex, a health and safety training company, has signed a contract with Hercules Offshore for the provision of a fully outsourced Training Management Service (TMS). The contract, estimated to be worth in excess of £500,000 annually, is the first to be secured by the newly established Survivex TMS
Cortez Subsea inks partnership deal in Malaysia
Cortez Subsea, a subsea services and technology products company, has established its first foothold in the Malaysian oil and gas sector after signing an exclusive agreement with a “major player” to introduce its supply chain capabilities into the region. The Aberdeen-based company has joined forces
AKD Engineering closing business after 60 years
AKD Engineering Ltd, a UK company offering engineering, manufacturing and offshore services will close its business this year. According to Camellia PLC, a parent company of AKD, AKD Engineering has today announced its intention to close with effect from the end of June 2015. “The decision to close
New CEO for Afren. Shares jump
Afren plc, a London-listed independent oil and gas company with assets in Africa, will soon name a new CEO. The announcement caused the company’s shares to jump seven percent today. In a London Stock Exchange filing today, the company confirmed media reports that Roc Oil’s Alan Linn is proposed to b
ONS Norway cancelled. Organizers blame low oil prices
Offshore Northern Seas Norway (ONS Norway), an event focused on offshore oil and gas supply chain, scheduled for August 2015 in Stavanger, will be cancelled this year, as too few exhibitors have registered. “Low oil prices, low activity and great uncertainty in the industry have meant that too few e
Brian Chang resigns from Bergen Group BoD
Brian Chang, known as a founder of a China-based rig builder Yantai CIMC Raffles Offshore Ltd., has resigned from the board of directors of the Norway-based Bergen Group. In an Oslo Bors filing today, Bergen Group, a Norwegian supplier of products, services and solutions to the offshore and maritime
New deal for Viking’s anchor handler Vidar Viking
Viking Supply Ships has entered into new contract for the Ice-breaking Anchor Handling Tug Supply (AHTS) vessel Vidar Viking. The final option of the existing contract for the vessel Vidar Viking, which secures work until December 1, 2015, has been exercised. Furthermore, Viking Supply Ships has ent
Dolphin scoops new work
Norway’s Dolphin Group has secured additional contract work and industry funding for new multi-client projects. The total amount of work will be 5-6 vessel months of 3D seismic acquisition and 5 months of 2D seismic acquisition. According to the company, the work will be carried out in 2015 and furt
ADIL invests in Accelerated Conceptual Engineering services
An independent energy consultancy ADIL has invested in growing its Accelerated Conceptual Engineering (ACE) capabilities. The company has said this will help the global oil and gas industry more quickly and efficiently evaluate options for field and area developments. The Aberdeen-headquartered comp
Gazprom Neft, Petrovietnam in Pechora Sea co-op
Gazprom Neft and Vietnam Oil and Gas Group (Petrovietnam) have signed a series of agreements to extend their collaboration activity. According to Gazprom Neft, the documents were signed in Hanoi (Vietnam), in the presence of the Prime Minister of the Russian Federation, Dmitry Medvedev and the Prime
Energean names tender rig Energean Force (Greece)
Energean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa, has announced that the inauguration ceremony for its new rig named “Energean Force” took place at the Perama Shipyards, in Piraeus, Greece on April 2, 2015. The rig, Ener