Fossil Energy
Wood Group PSN names new CEO
Dave Stewart has been appointed as chief executive officer (CEO) of Wood Group PSN (WGPSN). Effective April 2015, Stewart moves into this role from his previous position as UK managing director of WGPSN’s UK operations. Stewart has more than 38 years of oil and gas experience and joined Wood Group 1
Diamond Offshore braces for termination of six rig contracts
Diamond Offshore, a Houston-based drilling contractor, might lose several rig contracts, as its customers are looking to cut costs in a depressed market stemming from low oil prices. In a SEC filing issued yesterday, the company has said that there is a chance that the contracts for its Ocean Barone
PSA: Green light to Statoil for North Sea well drilling
Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to carry out exploration drilling of well 15/6-13 in the North Sea. Statoil is the operator for production licences 029B and 303 in block 15/6 in the central North Sea. According to the PSA, Statoil is to drill well 15/6-1
Odfjell nets Johan Sverdrup topside award
Odfjell Drilling has been awarded the drilling engineering sub-contract for the Johan Sverdrup drilling platform topside. Odfjell Drilling will be one of Aibel’s major sub-contractors for their engineering, procurement and construction (EPC) contract for the Drilling Platform Topside for Johan Sverd
UK: Oil and Gas Authority puts out urgent call to action
Responding to the Secretary of State’s commission to assess the impact of the sharp decline in global oil prices on the UK oil and gas industry, Oil and Gas Authority (OGA) Chief Executive, Dr Andy Samuel today published his initial findings and issued an urgent call to action for industry, Governme
Ithaca’s GSA development faces further delays
Ithaca Energy’s Greater Stella Area in the UK North Sea is facing further delays, due to the slow work on the “FPF-1″ floating production facility in Poland. The FPF-1 is being modified by Petrofac in the Remontowa yard in Poland for use on the GSA production hub and completion of this work has been
McDermott, Petrofac team up to pursue SURF projects
McDermott International, Inc. and Petrofac Limited, an international oil and gas facilities service provider, announced today they have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects. The five-year alliance expects to provide
Stork inks contract extension with Apache
Stork, a global provider of knowledge-based asset integrity management services focused on the oil & gas, chemical and power sectors, has been awarded a three year contract extension with two one-year extension options, for global oil & gas operator Apache. Stork will provide Apache a full range of
Nexen sets up Petrotechnics software on two offshore assets (UK)
Petrotechnics has completed the implementation of its Proscient software platform on two UK offshore assets operated by Nexen Petroleum UK Ltd., a wholly owned subsidiary of CNOOC Limited. Proscient is an operational performance and predictive risk platform that improves the safety-productivity dyna
UK exploration activity hits record low
Oil and Gas UK, an industry body representing offshore oil and gas companies in the UK, has revealed that exploration activity in the UK last year dropped to its lowest levels since 1965. Exploration activity deteriorated more than expected in 2014, with only 14 of the expected 25 wells actually dri
SSV Thor Magni christened in Turkey (Gallery)
The Thor Magni seismic support vessel has been christened in Turkey. The vessel of the Skipsteknisk ST-204 SSV design is owned by P/F Thor, a company based in the Faroe Islands. This is the first vessel in a series of four. Built at Besiktas Shipyard in Turkey, the vessel is 64.4 meters long and 14.
Blue Queen PSV ready for work (Gallery)
Norway’s Ulstein Verft has today handed over the ‘Blue Queen’ platform supply vessel, of the Ulstein PX121 design, to Blue Ship Invest. In total, 30 vessels of the PX121 design have been contracted by different ship owners for construction at various shipyards world-wide. The “Blue Queen” is the 9th
BP looking to cut GoM oil spill size estimate
British oil company BP has appealed a court ruling on the amount of oil spilled in the U.S. Gulf of Mexico following the Deepwater Horizon platform explosion in 2010, Reuters has reported. To remind, the United States District Court for the Eastern District of Louisiana ruled that 3.19 million barre
Oil & Gas UK calls for urgent fiscal and regulatory reforms
Oil & Gas UK has said that a new report on offshore exploration, investment and production published today (February 24) provides striking evidence of how rising costs, taxes and inadequate regulation have taken their toll on the UK industry’s international competitiveness. The Activity Survey 2015