Fossil Energy
‘Safe Bristolia’ returning to work soon
Prosafe has said that its Safe Bristolia flotel will return to work in April this year.
Det norske starts drilling at Ivar Aasen field
Det norske oljeselskap ASA has initiated drilling at its Ivar Aasen field in the Norwegian part of the North Sea. The company is using the recently delivered Maersk Interceptor, dubbed the world’s largest jack-up rig, to drill three pilot wells in order to further map the subsurface. The drilling of
Bayerngas wins operatorship on two NCS licences
Bayerngas Norge has been awarded five licenses under the 2014 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf. Four of the awarded licences are located in the North Sea and one is in the Norwegian Sea. Bayerngas is the operator for two out of those five l
PSA looks into Ivar Aasen (Norway)
Between 20 and 24 October 2014, the Petroleum Safety Authority Norway (PSA) has carried out an audit of Det norske oljeselskap ASA (Det norske) and the principal supplier’s project management of the Ivar Aasen development project, in the Norwegian part of the North Sea. The Ivar Asen field is being
Port of Den Helder records rise in offshore vessels
The number of offshore related sea ships mooring in the Port of Den Helder in the Netherlands, rose in 2014 to 2,776, representing 7 % growth as compared to 2013. These numbers were revealed in the annual figures of the Port of Den Helder authority published today. “Thanks to sound agreements with t
Putin awards Rosneft for energy development
The President of the Russian Federation, Vladimir Putin, has awarded Rosneft officials for their “contribution to the development of the energy sector and long and responsible service”. Rosneft Vice President for HR and Social Policy, Yuri Kalinin, noted that: “In September, the Company successfully
Gas leak near Curlew FPSO
A gas leak was detected late Monday near the Curlew FPSO, in the Curlew Field, located in the Central North Sea, 220 kilometres east of Aberdeen, Scotland. According to Evening Express, Shell, the operator of the Curlew field, and the UK authorities are investigating the leak, after „bubbling at the
Afren reviewing its options
Afren plc, an independent oil company with assets in Africa and the Middle East, has confirmed it has been reviewing its capital structure, liquidity and funding requirements, with its advisors . As part of that process Afren has said it is in discussions with its lenders regarding amendments to its
Lundin 4Q to suffer due to impairments and exploration costs
Sweden’s Lundin Petroleum has informed that its 4Q 2014 profitability will suffer due to expensed exploration costs, impairment charge and foreign currency exchange loss, mainly related to the revaluation of loan balances. The company says that these items are largely non-cash charges and will have
Wintershall to operate on three new NCS licences
In the current licensing round APA 2014, Germany’s Wintershall has been awarded eight new exploration licenses by the Norwegian Ministry of Petroleum and Energy. Wintershall will be operator on three of these licenses. Seven of the new licenses are located in the North Sea (two as operator) and one
More jobs cut in UK North Sea
After BP last week announced it would lay off 300 workers in the UK, amid plunging oil prices and challenging market conditions, another UK North Sea operator has decided to follow suit. According to BBC, Talisman Sinopec said that from a workforce of around 3000, ten per cent would be affected. Of
E.ON E&P gets 12 new Norway licences
E.ON E&P has been awarded 12 new licences, including three operatorships, in the 2014 Awards in Predefined Areas (APA) in Norway. “This is the highest number of awards to E.ON E&P to date and we are very satisfied with being awarded these licences. The award shows that the authorities recognise E.ON
Cairn completes Catcher farm out deal
Cairn, an Edinburgh, Scotland-based independent oil company has completed the farm out agreement to Dyas UK Limited for the sale of a 10% interest in the Catcher development and adjacent acreage in the UK North Sea for a carry of Cairn’s exploration and development costs up to a cap of $182 million.
Faroe Petroleum bags 5 exploration licences (Norway)
Faroe Petroleum has been awarded five new prospective exploration licences, including one operatorship, under the 2014 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf. Norwegian Sea The company has been awarded three new licences in the area surrounding t