Fossil Energy
Cyprus, Egypt pen natural gas deal
Egypt and Cyprus have signed a Memorandum of Understanding (MoU) for cooperation in the field of oil and gas. The deal was signed earlier today between Egypt’s Minister of Petroleum and Mineral Resources Sherif Ismail and the Minister of Energy, Commerce, Industry and Tourism of Cyprus, Yiorgos Lakk
BW Offshore: Search and rescue continues for missing FPSO workers
Four crew members who went missing following an explosion on the Cidade de Sao Mateus FPSO in Brazil on Wednesday last week, are yet to be found. BW Offshore, the Norway-based owner of the FPSO, this morning said that the search & rescue operation for the four missing Brazilians is still ongoing. To
Report: Rig on fire in Gulf of Mexico
A semi-submersible drilling rig reportedly caught fire in the U.S. Gulf of Mexico on Friday, February 13, 2015. According to gCaptain, which was first to report the news, the U.S. Coast Guard confirmed the incident had happened on an offshore rig when a fire broke out in the engine room. gCaptain cl
Transocean CEO steps down
Transocean, one of the world’s largest offshore drilling contractors, has said that its President and Chief Executive Officer Steven Newman will step down, effective February 16, 2015. Additionally, Newman has elected to resign as a Director of Transocean Ltd. Until a permanent replacement is named,
Sevan Marine wins EPC contract for FPSO Yinson Production
Sevan Marine’s subsidiary, KANFA AS, has been awarded a Letter of Award (LOA) for the Engineering, Procurement and Construction (EPC) contract for four process modules for the FPSO Yinson Production. The FPSO Yinson Production will be deployed at the recently sanctioned Offshore Cape Three Points Bl
Keppel hands over ‘world’s largest jack-up rig’ to Maersk
Keppel FELS Limited has delivered the ultra-harsh jack-up rig, Maersk Integrator, to Maersk Drilling, thirty days ahead of schedule. The rig was named at a ceremony held on February 14, 2015 in Keppel FELS by Margareth Øvrum, Executive Vice President, Technology, Projects and Drilling, Statoil. Maer
Lundin spuds exploration well on Gemini
Lundin Petroleum has announced that drilling of exploration well 16/1-24 in PL338C southwest of the Edvard Grieg field, in the North Sea, has started. The company received consent from the Petroleum Safety Authority (PSA) Norway to drill this exploration well in January, 2015. The well will investig
BP gets green light for gas lift at Valhall IP
BP Norge AS has received consent from the Petroleum Safety Authority (PSA) Norway for gas lift at Valhall water injection platform (IP). Valhall is an oil field in the southern North Sea in 70 metres of water. The field was originally developed with an accommodation platform, a drilling platform and
BG Group drills duster east of Knarr field
The Norwegian Petroleum Directorate (NPD) has informed that BG Group AS, operator of production licence 373 S, is in the process of completing the drilling of wildcat wells 34/3-4 S and 34/3-4 A, in the North Sea. The wells were drilled about 5 kilometres east of the Knarr field in the northern part
Total, Talisman to start Technology Showcase. Seek out solutions to drive down costs
Industry Technology Facilitator (ITF) has informed that “leading oil and gas industry figures” will give their views on the growing importance of technology in helping the sector tackle cost and efficiency challenges in a difficult business environment at the Technology Showcase in Aberdeen on March
Record Subsea Expo
This year’s Subsea Expo was a record-breaking event with almost 9,000 recorded visits by 6,500 registered delegates over the three days. Europe’s largest annual subsea exhibition and conference and Aberdeen’s second largest event after Offshore Europe, broke all records this year with a 23% increase
MMT elects new commercial director
Sweden’s MMT has appointed Ellen Svestad as the new Commercial Director (CCO) in MMT Group. According to MMT, Svestad will continue the work to strengthen and further develop MMT’s position in the market in order to become a long-term and trusted supplier by new and existing clients. Svestad will st
Offshore maritime sector needs to watch costs, Moore Stephens says
International accountant and shipping adviser Moore Stephens says companies in the offshore maritime sector need to keep a close watch on costs and manage their exposure to risk in the wake of the dramatic fall in oil prices. Cassie Forman, a director with the Moore Stephens Shipping & Offshore Mari
Popular news, February 9 – 15, 2015
The week before this one was filled with stories about the vessel Pieter Schelte and the controversy regarding its name. Namely, the unions in the UK did not want the vessel named after a Nazi Germany’s Waffen-SS officer to be working in the UK. What followed was an announcement that indeed the vess