Fossil Energy
TAP invites bids for offshore pipeline construction
Trans Adriatic Pipeline AG (TAP) has launched two pre-qualification contracts for the construction of the 105 km offshore pipeline section under the Adriatic Sea. The greatest depth the pipeline will be laid is 820 meters. According to TAP, the first pre-qualification comprises Engineering, Procurem
DOF Subsea bags Heerema extension
DOF Subsea UK’s survey and positioning business in the UK and US has been awarded an extension of a Master Service Agreement with Heerema Marine Contractors of Leiden, The Netherlands. The contract covers global provision of survey and positioning services on board Heerema Marine Contractor’s vessel
Lord Browne at the helm of DEA’s supervisory board
After the acquisition by LetterOne, the Hamburg based upstream company RWE Dea has a new owner, a new supervisory board and gets a new name. LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise. At
NPD: Norway’s recoverable oil resources drop
The Norwegian Petroleum Directorate has issued its resource accounts for the Norwegian continental shelf as of December 31, 2014. The NPD’s resource accounts estimate the total recoverable petroleum resources to be 14.1 billion standard cubic meters (Sm3) of oil equivalents (o.e.). This represents a
PSA nods to Lundin for exploration well in Barents Sea
Lundin Norway AS (Lundin) has received consent from the Petroleum Safety Authority Norway(PSA) for exploration drilling of well 7220/11-2, in the Barents Sea with Island Innovator rig. Lundin was granted a drilling permit for well 7220/11-2 from the Norwegian Petroleum Directorate (NPD) in January 2
Providence ‘encouraged’ by Drombeg results (Ireland)
Providence Resources has informed that initial evaluation of the fast-track 3D volume on its Lower Cretaceous Drombeg exploration prospect in the southern Porcupine Basin, offshore south-west Ireland, has revealed seismic morphologies which are consistent with those of a large deep-water fan system.
James Fisher in Subtech buy
James Fisher has announced today the acquisition of the entire share capital of Subtech Group Holdings (Pty) Ltd. The initial consideration is ZAR61.0m (£3.4m) in cash plus potential future consideration up to a maximum of ZAR175.0m (£9.9m) based on the company achieving profit targets in 2015 and 2
Board changes in Bibby Offshore
Bibby Offshore has announced several Board changes as part of a reorganisation of the Company’s management team. Sir Michael Bibby will step down from the Board as Non-Executive Chairman of Bibby Offshore with effect from 20 February 2015 and be replaced by Mike Brown, who is currently Group Portfol
DW: Number of wells on UKCS to decrease
The low oil price is expected to dramatically impact O&G activity on the UKCS, said Douglas Westwood in its DW Monday Report. Most notably, the number of wells drilled will decrease – particularly E&A wells. In 2014, drilling campaigns were significantly smaller than forecast – only 14 exploratory w
Allseas’ Pioneering Spirit vessel lands Johan Sverdrup gig
Norway’s Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field. The «Pioneering Spirit», the world’s largest heavy-lift vessel, formerly known as the Pieter Schelte, will be installing the topsides for the drilling, processing and living q
LetterOne buys RWE Dea
The LetterOne Group and RWE AG today completed RWE’s sale of RWE Dea AG to LetterOne. In January, both parties had announced their plans to complete the transaction at the beginning of this month. The agreed value of the deal is around €5.1 billion based on current exchange rates. Due to exchange ra
‘Viking Neptun’ christened in Stavanger (Photo/Video)
Eidesvik Offshore, a Norway-based owner of offshore support and construction ships has taken delivery of its biggest vessel to date. The 145 meters long Offshore Construction Vessel, Viking Neptune, was named at a ceremony in Stavanger, Norway, at 2 p.m. local time on Saturday, February 28, 2015. Ar
UK against LetterOne buying RWE Dea UK
LetterOne, an investment company run by the Russian billionaire Mikhail Fridman, has hit a stumbling block potentially preventing the company to complete the previously announced agreement to acquire RWE Dea oil company. The two companies last year reached an agreement under which LetterOne, based i
New CEO for Wood Group Kenny
Wood Group Kenny (WGK) has appointed Bob MacDonald as chief executive officer (CEO), effective April 6, 2015. Bob MacDonald moves into the role from his position as WGK regional director for the North Sea. MacDonald succeeds Steve Wayman who now becomes Wood Group’s head of strategy and development.