Fossil Energy
Genel Energy CFO to retire
Genel Energy plc has announced that Julian Metherell has informed the board of his intention to retire from the company, with effect from the close of the Annual General Meeting on April 21, 2015. Julian Metherell’s successor as Chief Financial Officer will be Ben Monaghan, who is currently the Head
Topsides UK: First topsides-focused event to launch in Aberdeen
Europe’s “first and only oil and gas event focusing solely on topsides installations” is set to take place at the Aberdeen Exhibition and Conference Centre (AECC) on 16th and 17th March 2016. According to the press release, Topsides UK will tackle some of the challenges facing the industry by shinin
Popular news, January 26 – February 1, 2015
The most popular article of the last week was a story about a new smartphone launched for use in hazardous areas in the offshore market. This new smartphone was designed for operationally challenging environments such as the North Sea. You also read about three oil majors, Chevron, BP, and ConocoPhi
Afren: No Seplat deal yet. Talks extended
Afren, the troubled, London-listed, independent oil and gas company, has again postponed a deadline for Nigerian Seplat Petroleum to make an offer for the company. Seplat had until 5 p.m. today to ‘take it or leave it’, under the previously announced deadline extension, but Afren is now saying that
Subsea UK eyes Mexican o&g market
Industry body Subsea UK has met today in Aberdeen with Trade Envoy to Mexico. Subsea UK says it is making sure British subsea businesses can capitalise on opportunities in the Mexican oil and gas market. Neil Gordon, the organisation’s chief executive, has been outlining the wealth of skills, innova
Statoil: Drill bits won’t be spinning in Barents Sea this year
After the news that Rosneft has pulled breaks on its Arctic drilling plans for 2015, another oil company has followed suit. According to Bloomberg, Norway’s largest oil company Statoil has opted against drilling any new wells in the Barents Sea this year. A Statoil spokesperson told the business new
BG Group takes KBR as alliance partner
KBR, Inc. has been selected by BG Group as their Global Upstream Alliance Partner. The company says that the six-year contract, includes an option for two two-year extensions, and will provide capability support, services (Pre-FEED and FEED) and project management services across all of BG Group’s G
Atlantic Petroleum shuts down Faroese office. Lets go CFO
Atlantic Petroleum has announced that the company will re-locate its finance function to Bergen and close down the Torshavn office, on the Faroe Islands. In connection with this re-location the company’s CFO Mourits Joensen will leave the company with immediate effect and Nigel Thorpe, currently Bus
SBM Offshore resurrects COO role
SBM Offshore has announced the appointment of Philippe Barril as Chief Operating Officer (COO) effective March 1, 2015. With this move, the company is reintroducing the position of COO in the company. To remind, in 2013 SBM dismissed its COO, Jean-Philippe Laures. At the time, the company did not ma
Wood Mackenzie: Drop in exploration ahead for Caspian region. Production to rise
Wood Mackenzie’s Caspian upstream research team have assessed the most significant events of 2014 impacting the region’s oil and gas sector, including the Ukraine crisis and the collapse of global oil prices and significant progress with the region’s high profile megaprojects, identifying the key ar
Reuters: No Kara Sea drilling for Rosneft this year
Russian oil giant Rosneft will not be resuming its Kara Sea operations, offshore Russia’s north this year, Reuters has reported. The company in partnership with ExxonMobil in September last year made an oil discovery at the Universitetskaya-1 well, dubbed the world’s northernmost well in the world.
Ulstein upgrades ‘Island Performer’ for U.S. gig
Ulstein has informed that the subsea vessel Island Performer has been upgraded for its next assignment in the U.S. Ulstein Verft has installed cargo tanks and corresponding piping, a switchboard room for deck equipment and the sea fastening frame for stacks, as well as platforms for the tower winche
Customers vote Ensco best offshore drilling contractor
Offshore drilling contractor Ensco plc has earned first place for total customer satisfaction in the Oilfield Products & Services Customer Satisfaction Survey. Conducted by EnergyPoint Research, the annual survey is the industry benchmark for customer satisfaction in the global oilfield. The UK-head
Wintershall selects DNV GL for Maria development
DNV GL, the technical advisor to the oil and gas industry, has been selected by Wintershall Norge AS as the sole supplier for the combined role of Independent Verification Body (IVB) and Third Party Design Verification scope for the subsea, umbilicals, risers and flowlines (SURF) part of the Maria f