Fossil Energy
Statoil to drill test well in PL602 (Norway)
Statoil has decided to drill a well to test the Roald Rygg Prospect in PL602, on the Norwegian Continental Shelf (NCS). The well is planned to be drilled in 2015. In addition to drilling decision, Statoil also decided to acquire Rocksource’s 10 per cent participating interest in the licence. The tra
DW: There is hope for Arctic oil
According to the United States Geological Survey, the area above the Arctic Circle holds approximately 90 billion barrels of undiscovered, technically recoverable oil and an estimated 1,670 trillion cubic feet of technically recoverable natural gas. Nevertheless, due to it being relatively inacces
Kosmos Energy: 4Q 2014 income at $129 million
Kosmos Energy has reported its fourth quarter net income for 2014 of around $129 million up from $4 million achieved in the same period a year ago. “2014 was a strong year for Kosmos,” said Andrew G. Inglis, chairman and chief executive officer. “We successfully delivered our operations plan in Ghan
AGR’s well intelligence software for Lukoil
Norway-based oil and gas service company AGR has announced a further contract award for its well intelligence software solution, iQx™, with LUKOIL Overseas North Shelf AS. The contract is worth 1 million NOK ($132 100). AGR’s iQx™ software, which was commercialised in 2013, was designed to simplify
Popular news, February 16 – 22, 2015
As every week, we have compiled a list of the most read stories of the week on Offshore Energy Today. Spoiler alert: bad news dominates this week’s list. An article on an oil rig catching fire in the U.S. Gulf of Mexico tops the list, followed by a piece on a North Sea worker […]
Infographic: How oil prices affect everything
“The Fossil Fuel Economy; How oil prices affect everything” is the title of an infographic, sent to Offshore Energy Today by Vouchercloud. Vouchercloud carried out a research to investigate how the price of oil has had a huge effect on the global economy and how it impacts our lives in general. The
‘Songa Dee’ SPS exceeds planned budget
Songa Offshore’s semi-submersible drilling rig Songa Dee was on a scheduled special periodic survey (SPS) at Invergordon Scotland from August 24, 2014 till November 16, 2014. Songa Offshore has said today in its Q4 2014 report that the yard stay costs were $105 million in comparison to a planned bud
Man overboard at Scarabeo 8 rig. PSA starts investigation
The Petroleum Safety Authority (PSA) Norway has resolved to investigate an incident where a person fell overboard from Scarabeo 8 on the Goliat field in the Barents Sea on February 20, 2015. After being recovered by the Esvagt Aurora, the person involved was sent to Hammerfest Hospital with minor in
Songa Offshore sets new delivery dates for Cat D rigs
Songa Offshore has agreed upon final delivery dates for Cat D rigs with South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). To remind, Statoil awarded the contract for construction of two Cat D rigs to Songa in 2011 and they were scheduled for delivery in 2014. The second orde
Holmatro’s cylinders for Snorre A platform
Holmatro and its Norwegian dealer EIVA-SAFEX AS have supplied 64 cylinders, each with a capacity of 536 tons, to the tension-leg platform (TLP) Snorre A, in the North Sea. Besides cylinders, the corresponding control and storage for the hydraulic system was also delivered. Improving load-cell calibr
Scaldis orders heavy lift vessel ‘Rambiz 4000’
Scaldis, an Antwerp-based specialist in marine heavy lift operations, has ordered a new crane ship, the Rambiz 4000, from the Dutch company Royal IHC. The vessel will be built under responsibility and coordination of Royal IHC in Qidong and finished in Xiamen, China. Scaldis has said that the ship i
CNR International going 3 off, 3 on
CNR International (UK) Limited has confirmed that it will shortly start a consultation process with its offshore employees in relation to a proposed change to North Sea offshore personnel rotation. The company is proposing to implement an equal time rota for all offshore staff and contract personnel
Damen Chairman wins Industry Leader of the year award
At the annual Offshore Support Journal Conference gala dinner held on February 18, 2015, Kommer Damen, Chairman of Damen Shipyards Group, received the award for Industry Leader of the year, as selected by OSJ’s editorial team and the conference advisory panel. The award was made based on “his vision
Norway: January liquids production dwindles
The Norwegian Petroleum Directorate has reported that preliminary production figures for January 2015 indicate an average daily production of about 1 931 000 barrels of oil, NGL and condensate. This is 59 000 barrels per day (about 3 percent) less than in December 2014. Total gas sales were about 10