Fossil Energy
Total E&P: NPD permits North Sea well drilling
The Norwegian Petroleum Directorate (NPD) has granted Total E&P Norge AS a drilling permit for well 25/6-5 S located in the North Sea. In addition to NPD’s consent, Total E&P also received consent from the Petroleum Safety Authority (PSA) Norway for drilling of wells 25/6-5 S and 25/6-5 A. According
Yard stays, impairments impact Maersk Drilling results
Danish drilling contractor Maersk Drilling delivered a profit of $478 million for the full year 2014, compared to $528 million in 2013. The company has said that the profit was positively impacted by high operational uptime as well as a gain of $73 million relating to the divestment of the drilling
Gallery: ALP takes delivery of ‘ALP Winger’ and ‘ALP Guard’
ALP Maritime Services has taken delivery of two towing and anchor handling vessels, ALP Winger and ALP Guard. The company reflagged the vessels under Dutch Flag. The vessel ALP Guard was previously known as AHT Uranus and ALP Winger as AHT Janus. In November 2014, the company bought six long distanc
Transocean posts 4Q loss
Transocean, a Swiss-based offshore driller has reported its 4Q 2014 revenues were 2.23 billion, slightly less that $2.25 bilion achieved a year ago. The decrease was due primarily to increased idle time on several rigs partly offset by higher revenue efficiency, lower out-of-service days, and the st
Mariner supply base and warehousing contracts go to Asco
Statoil (U.K.) Limited has on behalf of the Mariner co-venturers awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK Limited. Asco is an international oilfield support services company, headquartered in Aberdeen. The supply base and warehousing facility fo
Seadrill willing to ‘modify’ current rig contracts
Offshore drilling contractor Seadrill Limited has today reported a drop in its fourth quarter revenues. The company’s 4Q 2014 revenues were $1.26 billion, compared to $1.46 billion in the corresponding period of 2013. The company’s 4Q net income was $150 million, versus $281 million a year ago. The
Ocean Rig: 4Q income rises to $87M
Ocean Rig, an offshore drilling contractor, has reported its fourth quarter 2014 profit was $87 million, as compared to a net profit ot $39.7 million a year ago. Revenues from drilling contracts increased by $153.9 million to $499.4 million for the quarter, as compared to $345.5 million for the same
Hess drops ‘WilHunter’ option
Awilco Drilling, a UK-based drilling contractor, has informed that Hess Limited has allowed its option on WilHunter rig to lapse. In March 2013, Hess extended the contract of 400 days to additional 550 days totalling in 950 days plus option for up to 275 days. According to this, the WilHunter is on
Statoil adds time to ‘Viking Energy’ contract
Statoil has extended the contract for the LNG-powered PSV Viking Energy with one year from ultimo April 2015. The vessel owner, Eidesvik Offshore, says that the contract has further 1+2 years option. The Viking Energy was the first LNG fuelled PSV in the world when it was delivered in 2003, and has
Total E&P gets go-ahead for two North Sea wells
Total E&P Norge AS (TEPN) has received consent from the Petroleum Safety Authority (PSA) Norway for exploration drilling of wells 25/6-5 S and 25/6-5 A, located in the North Sea. TEPN is the operator for production licence 627 in block 25/6 in the central North Sea. TEPN is to drill wells 25/6-5 S a
Oil & Gas UK names new Board members
Oil & Gas UK, the representative organisation for the UK offshore oil and gas industry, today (February 26, 2015) has confirmed the appointment of three member company representatives to its Board. Craig May, managing director of Chevron Upstream Europe Limited, is appointed to the Board as a repres
IHC, Tompkins enter ultra-deep water partnership
Royal IHC (IHC) has joined forces with Tompkins UK – the parent company of Modus Seabed Intervention – to enter the deep and ultra-deep water, oil and gas geotechnical survey and site investigation market under the banner of TI Geosciences. Tompkins’ extensive experience and track record in offshore
Odfjell Drilling: Fierce competition ahead for new rig contracts
Odfjell Drilling has said that it expects the drilling industry market to stay weak for the next couple of years. As a reason for this, the company has cited continued delivery of new drilling rigs and oil companies’ cuts in spending, leading to a growing number of stacked drilling rigs and continue
Unite warns: Offshore working standards rapidly deteriorating
UK’s biggest union, Unite, has on February 24, 2015 called for immediate UK and Scottish government interventions to halt a potentially disastrous ‘race to the bottom’ in working standards across the North Sea offshore industry. The call comes after the publication of the Oil & Gas UK (OGUK) 2015 ac