Fossil Energy
Saipem scoops $1.8B worth Kashagan deal
Saipem, through its subsidiary ERSAI Caspian Contractor LLC, has been awarded a major new Engineering & Construction contract for the Kashagan field project, located in the Kazakh waters of the Caspian Sea, valued at approximately $1.8 billion. The North Caspian Operating Company (NCOC) has awarded
Field Operator of the Year award goes to Det norske
Det norske, an independent Norwegian oil company, has won the Field Operator of the Year award for “excellent operation of the Greater Alvheim Area.” The 2015 Gullkronen award is organized by Rystad Energy in Oslo. Three companies had been nominated for the Field Operator of the Year award: Det nors
CEO: Statoil well prepared for challenging period
Norwegian oil company Statoil has reported that its adjusted earnings in the fourth quarter of 2014 were NOK 26.9 billion, compared to NOK 42.3 billion in the fourth quarter of 2013. The company has explained that the 36% reduction in the quarter is mainly caused by the significant drop in the liqui
Lundin hits gas in Zulu (Norway)
Lundin Petroleum’s subsidiary, Lundin Norway, has completed the drilling of wildcat well 26/10-1, off Norway. The well investigated the hydrocarbon potential of the Zulu prospect in PL674BS, which is located 100 km west of Stavanger on the Norwegian west coast and approximately 30 km northeast of th
Noreco increases Huntington production
Norwegian Energy Company (Noreco) has been allowed to increase production from the Huntington field, located in the UK North Sea. Huntington production in January has been stable but restricted to approximately 1 500 bopd net to Noreco. While the CATS riser platform will remain closed at least until
MMT opens Norway office, names Managing Director
MMT has appointed Audun Brandtzæg as Managing Director for MMT Norway and the office is located in Haugesund, Norway. “To establish close relationship with key customers in Norway, continue the close cooperation with IRM specialists Reach Subsea and now with the game changing Surveyor Interceptor RO
Goliat FPSO on board ‘Dockwise Vanguard’. Soon to set sail
Eni Norge has informed that the Goliat platform has now been towed on board the Dockwise Vanguard, “the largest marine transport vessel in the world”. According to Eni, the Goliat platform is the largest and most sophisticated cylindrical FPSO (Flotating production, storage and offloading) facility
Noble shreds three rigs
Drilling contractor Noble Corporation has informed that the company will retire three of its semi-submersible drilling rigs Noble Paul Wolff, Noble Driller and Noble Jim Thompson. Noble Corporation also reported a fourth quarter 2014 loss from continuing operations of $595 million, or $2.38 per dilu
Maersk Drilling in staff cuts
Maersk Drilling has initiated a larger cost reduction and efficiency enhancement programme in response to “a weakened market for offshore rigs with lower utilisation and day rates”. As part of this program, Maersk Drilling yesterday announced a reduction of 90 positions in the head office, of which
‘Stril Barents’ set for Goliat field ops
Eni Norge has informed that Stril Barents, a supply and standby vessel, is ready to start operations at the Goliat field in the Barents Sea. Eni says that the vessel will strengthen oil spill and search and rescue contingency operations at the field location. According to the company, Goliat will en
Vroon takes newbuild VOS Pace
Vroon has announced that earlier today, February 5, 2015, the company has taken delivery of VOS Pace. The vessel was handed over to Vroon during a ceremony held at Cosco Guangdong Shipyard in China. VOS Pace is the first of six PX121-type PSVs being built at the Shipyard. The vessels will be deliver
SOCAR, Cape JV nets Shah Deniz gig
SOCAR Cape joint venture has been awarded three contracts in Azerbaijan. The contracts are for the supply of services to projects that are part of the development of the Shah Deniz field, a natural gas development in Azerbaijan. The three contracts are expected to be worth in excess of $65m for the
Gina Krog FSO to get Aluminium Offshore helideck
Aluminium Offshore Pte Ltd has been awarded a contract to deliver a 26.1m XE Enhanced Safety Helideck to Teekay for their FSO at the Gina Krog field in the Norwegian sector of the North Sea. The FSO will be based on a converted Shuttle Tanker in the Teekay Fleet. According to the company, the contra
New CEO for Statoil
Statoil’s board of directors has appointed Eldar Sætre as new president and CEO. Sætre has been acting as president and CEO since October, and assumes the role with immediate effect. He has 35 years’ experience from Statoil and the oil- and gas industry. “Eldar Sætre was our first choice. The indust