Fossil Energy
Finalists revealed for UK O&G Industry Safety Awards
Oil & Gas UK has revealed the names of the workers “striving to ensure safety in the UK offshore oil and gas industry” yesterday, March 26, 2015. There were over 100 nominations to the UK Oil and Gas Industry Safety Awards, jointly organised by Oil & Gas UK and Step Change in Safety, with Maersk [&h
Aker Solutions in executive management shift
Aker Solutions has informed that Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1, 2015. Knut Sandvik will at the same time replace Sjursen as head of the company’s maintenance, modifications and operations
Surveyor Interceptor ROV inspects Knarr gas pipeline
A “completely new subsea technology” developed by companies in Haugesund north of Stavanger has been used by Gassco for inspection of the Knarr gas pipeline during March. The Surveyor Interceptor Remotely Operated Vehicle (ROV) had its first commercial outing in the North Sea for the Knarr Gas Pipel
Oil & Gas UK: Shell, TAQA cost-cutting move to benefit UK in long-term
Oil & Gas UK has commented on Shell UK and TAQA announcements of plans to reduce the number of staff. Offshore Energy Today earlier reported that Shell UK is planning to lay off at least 250 workers and change offshore shift patterns. In addition, according to BBC, TAQA is also planning to cut 100 j
Interview: Proxima drillship design displayed at OMC 2015
Fincantieri, an Italian shipbuilder and designer is today, at the Offshore Mediterranean Conference 2015 in Ravenna, presenting its drillship design Proxima. The Proxima design represents a new ultra-deepwater drillship with a maximum drilling depth of 50.000 feet in 12.000 feet water depth. Accordi
Shell to cut more North Sea jobs and change offshore shift patterns
Shell UK plans to reduce the number of staff and agency contractors who support the company’s UK North Sea operations by at least 250 in 2015. In addition, Shell will also introduce changes to UK North Sea offshore shift patterns. The measures are part of a range of initiatives Shell has been pursui
Wood Mackenzie: Drilling activity to recover in 2016
The oil & gas industry is responding to the low oil price environment with exploration budget cuts in 2015 which will average 30%, leading to suggestions that exploration activity could be significantly curtailed. However in an effort to drive value, Wood Mackenzie says the industry is addressing a
SCV Far Sleipner delivered to Farstad
Farstad Shipping ASA has today, March 26, 2015, taken delivery of subsea-/construction vessel Far Sleipner (Vard 3 07) from Vard Langsten. The vessel is designed for subsea construction/IMR operations to 3,000 meters water depth, has an overall length of 142.6 meters, beam of 25 meters and a deck ar
PSA Norway investigates incident on West Venture rig
The Petroleum Safety Authority (PSA) Norway has decided to instigate an investigation of a dropped object incident on the West Venture semi-submersible drilling rig. The incident occurred on West Venture’s drilling deck at 23:25 on Monday, March 23, 2015. A 90 kilo coupling sleeve fell six metres fr
Fastnet grows Celtic Sea portfolio
Fastnet Oil & Gas, the UK and Irish listed E&P company focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, has expanded its Celtic Sea portfolio. The company has been notified by the Irish Department of Communications, Energy and Natural Resources that it has been a
BW Offshore gets $80M loan
BW Offshore has signed a loan documentation for a new $80 million senior secured credit facility in respect of the FPSO Petroleo Nautipa. Petroleo Nautipa is operating for Vaalco Energy in Gabon under a firm charter contract until Q3 2020, with options for additional two years. The loan to the Norwe
EMGS sells Barents Sea data
Electromagnetic Geoservices ASA (EMGS) has won new contracts in Norway, worth $4 million. The company has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea. EMGS has said that the agreements a
Offshore Mediterranean Conference 2015 kicks off
The twelfth bi-annual Offshore Mediterranean Conference (OMC 15) started in Ravenna, Italy, March 25, attracting 680 exhibiting companies from 23 countries. The opening session titled ‘Focus on Change: Planning the Next 20 Years,’ chaired by Giuseppe Tannoia, Executive VP central and Southern Europe
Sterling sheds Romanian business
Sterling Resources has entered into an agreement to sell its entire Romanian business to Carlyle International Energy Partners (CIEP), an affiliate of The Carlyle Group. The sale includes licence blocks 13 Pelican, 15 Midia, 25 Luceafarul and 27 Muridava, structured as a corporate sale of the compan