Fossil Energy
DW: Wi-Fi, good food on flotels boost worker efficiency
The global offshore accommodation market has seen significant growth over the past five years, with PoB requirements increasing by 27% between 2009 and 2014, Douglas Westwood, an energy industry intelligence group, writes in its “DW Monday” report. Although the recent oil price decline has negativel
Total spuds North Sea well (Norway)
Faroe Petroleum has informed that Total E&P Norge has started drilling at the Shango exploration well 25/6-5S (Faroe 20%), in the Norwegian North Sea. The Shango prospect in Licence PL 627 (named Skirne East by the operator Total E&P Norge AS) is located on the northern part of the Utsira High appro
Vard: Contract termination for two PSVs
Vard Holdings Limited has said it was informed that two affiliates of E.R. Offshore, its client, have filed for insolvency at a local court in Germany. Vard is currently building one Platform Supply Vessel for each of these companies at its shipyard in Vung Tau, Vietnam. It has received a 10% instal
Rosneft ends contract for drillship West Navigator
North Atlantic Drilling Ltd. (NADL) has received a notice of termination from Rosneft of the service order for the West Navigator drillship in connection with the framework agreement. The drillship was indicatively scheduled to start operations under its five-year contract with Rosneft during the su
Eni, Egypt ink framework agreement to develop oil & gas resources
The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, has signed with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the country while preserving the return of Eni’s investments. The Head of Agreement envisages investments
Popular news, March 9 – 15, 2015
The article that you have read the most during this past week was about a jack-up drilling rig, but not just any old jack-up rig, this one was the first ever to drill an offshore well in the UK North Sea. You have also read about a worker that died in an accident on Saturday morning […]
Petoro eyeing mature fields (Norway)
A cash flow of NOK 111 billion ($13.5 billion) in 2014 represented a continued high level of revenues from the State’s Direct Financial Interest (SDFI) in Norway’s oil sector. Petoro chief executive Grethe Moen notes that fewer new developments mean income from the SDFI will be more dependent than e
Coor to service Statoil’s platforms
On 13 January 2015 Statoil awarded the contract for offshore facility services on the Statfjord and Snorre fields to Coor Service Management. The contract is worth roughly NOK 1.1 billion over a 5-year period. The contract, which will have a duration of five years, will start up in July 2015. The co
Oil & Gas UK: North Sea offshore workers taller, wider, heavier
Oil & Gas UK has informed that the changing shape of North Sea offshore workers over the last three decades is revealed in the findings of a “ground-breaking high-tech study” just concluded in Aberdeen. Researchers at Robert Gordon University (RGU) in collaboration with Oil & Gas UK found that male
Buzzard produces 500 millionth barrel of oil
Nexen, a subsidiary of China’s CNOOC and the operator of the Buzzard field in the UK North Sea, has informed that Buzzard has passed “a truly significant landmark by producing its 500 millionth barrel of oil.” According to the company The North Sea development which was discovered in 2001 has surpas
Afren agrees recapitalisation deal
Afren, the struggling London-listed oil and gas company focused on Africa, has reached a deal with its creditors to create a recapitalisation plan. The Participating Noteholders will provide interim funding of US$200 million by way of new private placement notes. The proceeds of such will be used fo
GDF SUEZ: New oil discovery in North Sea (UK)
GDF SUEZ E&P UK Ltd and its co-venturers announced a new discovery in the UK Central North Sea. The 22/16-6 well on the Dalziel structure flowed at rates in excess of 8,000 barrels of oil equivalent per day. According to GDF SUEZ, the well is now being side-tracked to appraise the extent of this dis
Fugro in pipe inspection for Statoil, Gassco
Statoil Petroleum AS and Gassco AS have awarded the 2015 annual pipeline inspection contract to Fugro. The contract covers inspection of defined sections of subsea pipelines between Norway and continental Europe: Europipe 1, Europipe 2, Franpipe, Zeepipe and Norpipe. Furthermore, inspection of pipel
Wood Group nets Kollsnes plant work from Statoil
Wood Group has been awarded a contract by Statoil, on behalf of Gassco, for engineering modifications and upgrades to its Kollsnes process plant, west of Bergen, Norway, which processes gas from the North Sea fields. Estimated value of the contract, including options and procurement, is more than NO