Fossil Energy
Johan Sverdrup immune to capex cuts, Woodmac says
On Friday 13th February, Statoil and the field partners reached a final investment decision (FID) for the 2.35 billion barrel Johan Sverdrup oil field in the Norwegian North Sea. The field, discovered in 2010, is a major success story for Norway, and is the crowning achievement of its successful rej
100th Ulstein-designed vessel launched in China
Vroon’s latest platform supply vessel has been launched at COSCO Guangdong Shipyard in China. The vassel named “VOS Partner” is the third of six PX121-type PSVs being constructed at COSCO Guangdong Shipyard for Vroon and featuring the Ulstein-patented X-BOW® design to provide smoother vessel movemen
Afren-Seplat takeover talks cancelled
Afren plc, an oil and gas company which has been reviewing the funding and liquidity requirements of the business, has today said that it has terminated the talks with Nigeria’s Seplat over a possible takeover. To remind, the company in December last year said it had received a highly preliminary ap
Goliat FPSO sails away from HHI yard
Hyundai Heavy Industries (HHI) has announced today that Goliat FPSO, the world’s largest cylindrical FPSO ordered by Eni Norge, sailed away from its yard. The 64,000 ton cylindrical floater, measuring 112 m in diameter and 75 m in height, is designed to store one million barrels of crude oil per day
Viking Supply Ships to shut down Aberdeen office
The management of Viking Supply Ships (VSS) has decided to close down the Aberdeen office with effect from July 1, 2015 in order to “remain competitive and reduce costs”. The Aberdeen office has operated the Viking PSV fleet and the organisational change is a direct result of the current weak market
Island Offshore lays up two Platform Supply Vessels
Island Offshore has resolved to lay up two PSV vessels, Island Duke and Island Duchess, for an indefinite period. Island Offshore says that the lay-up of vessels is due to a worsening of market conditions following reduced activity in the oil companies, especially in the North Sea but also in other
Statoil submits development plan for giant Johan Sverdrup field (Gallery)
Statoil and its partners have today submitted the Plan for Development and Operation (PDO) for Johan Sverdrup, Phase one, to the Ministry of Petroleum and Energy, Norway. According to Statoil, the hand-over from Statoil’s chief executive officer Eldar Sætre to Minister for Petroleum and Energy Tord
Westcon ready for ‘Transocean Leader’
Norway’s Westcon Yards has been given the Special Periodic Survey (SPS) contract for the Transocean Leader drilling rig. According to Westcon, although the initial plan was for the rig to arrive in March, the rig will be in the Olensfjord tomorrow, February 14, 2014. “…Westcon Yards in Olen was noti
Statoil makes oil discovery near Ekofisk
Statoil Petroleum AS, operator of production licence 146, is in the process of completing the drilling of wildcat well 2/4-22 S in the Norwegian part of the North Sea. The well was drilled about 20 kilometres north of the Ekofisk field and 2.3 kilometres northeast of the 2/4-21 discovery in the sout
Eni picks TOOLS for Goliat
Eni Norge has entered into a contract with TOOLS for the provision of services and supplies to the Goliat FPSO, leading to a further buildup of activity for the supplier in Hammerfest. According to Eni, the contract extends over a period of three years, plus options, and includes the provisions of t
EMGS sells Barents Sea data
Electromagnetic Geoservices ASA (EMGS) has informed of a sales agreement from the multi-client library in the Barents Sea. EMGS will receive uplift revenues of $2.5 million related to the licensing round for mature areas on the Norwegian continental shelf – Awards in Predefined Areas (APA). EMGS’ mu
Aker Solutions’ profit rises
Norwegian oilfield services provider Aker Solutions today reported its net profit for the fourth quarter of 2014 rose to 359 million Norwegian crowns from NOK 343 million a year ago. Converted to US dollars, 4Q 2014 profit was $47.4 million vs. $45 million in 4q 2013. The company’s revenue revenue r
Interwell UK managing director resigns
Interwell UK has announced the departure of its managing director, Andrew Louden. Andrew Louden joined Interwell in December 2010 to establish a UK subsidiary of Interwell AS. According to the company, over the last four years the UK business has gone from strength to strength with the team growing
Rosneft pays another multi-billion dollar part of TNK-BP loan
Russian oil company Rosneft has repaid another part of a loan obtained to finance the acquisition of TNK-BP. On Wednesday, February 11, the Company paid to lenders USD 7.154 bln. The amount is similar to the one paid by Rosneft in December last year. The overall amount paid since December 2013 now t