Fossil Energy
Cyprus slams Turkey over second NAVTEX
Cyprus has issued a statement condemning Turkey for issuing a new NAVTEX under which, a seismic vessel owned by a Turkish oil company will carry out survey offshore southern Cyprus. To remind, Nicos Anastasiades, the president of Cyprus in October suspended the reunification talks with the Turkish s
Suncor readies jack-up for Niobe drilling (UK)
Trapoil has announced that a contract has been signed for a jack-up rig for the drilling of a well to test the Niobe prospect, in the North Sea. The Niobe prospect, formerly named Kratos, is located in the Licence P.1889, Blocks 12/26b and 12/27, within the Moray Firth. Suncor Energy UK is the opera
PHOTO: ‘Ceona Amazon’ gets pipelay system
Huisman Equipment has informed that the company installed the 570mt pipelay system onboard Ceona’s flagship asset Ceona Amazon. The system was installed at the Huisman Schiedam quayside in The Netherlands. Ceona Amazon is a pipelay and heavy subsea construction vessel. It arrived at Huisman’s yard i
World Bank: Developing nations to benefit from oil prices slump
Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects. The decline in oil prices reflects a confluence of factors, i
Huntington output still at restricted levels
Norwegian Energy Company (Noreco) has informed that the restricted output from the Huntington field, located in the UK North Sea, continues. Noreco says that currently, no further clarification has been received about when normal operations at the CATS riser platform, which indirectly restricts Hunt
EMGS names new CEO
The new Board of Directors of Norway’s Electromagnetic Geoservices ASA (EMGS) has appointed Bjarte H. Bruheim as Chief Executive Officer of the company effective from 7 January 2015. Bjarte Bruheim has been the Executive Chairman of EMGS since July 2004, and he has extensive experience from the oil
PSA looks into Brage emergency preparedness
The Petroleum Safety Authority (PSA) has carried out an audit of emergency preparedness and radio and telecommunications systems at Brage field, in the North Sea. Wintershall Norge AS (Wintershall) is the operator on the Brage field, which is an oil field in the northern North Sea, approx. 13 kilome
CGG in debt slash
On December 23, 2014, a seismic acquisition specialist CGG completed its 2014 debt refinancing program with the amendment and extension of its Nordic credit facility led by Nordea. According to CGG, the credit amount was increased from $175m to $250m and the maturity extended from May 2018 to Decemb
Maersk postpones Greenland drilling
Maersk Oil has postponed a decision on whether to drill for oil off the coast of Greenland. In an e-mail sent to Offshore Energy Today, Maersk Oil’s chief growth officer, Ebbie Haan, said: “As operator of the Baffin Bay, Block 9 exploration licence, Maersk Oil (and its partner Tullow Oil) agreed wit
Crude oil falls below $50. Lowest since May 2009
Brent oil, a global benchmark for crude oil prices, plunged to $49.92 a barrel on Wednesday. According to Reuters, this is the lowest since May 2009. The news agency, citing analysts, said that the oil is falling due to an excessively abundant supply and weak global economy, and the prices are yet t
Weather delays ‘Songa Trym’ comeback
Songa Offshore has informed that the previously suspended semi-submersible rig Songa Trym is expected to continue drilling operations for Statoil within the next week. Songa Trym was suspended on November 20, 2014 as it was ahead of the drilling schedule, and the rig has been on a 75% suspension rat
Statoil hands out service contracts for seven bases
Statoil has today, January 7, awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The contracts awarded include terminal and warehouse services as well as storage and pipeline handling. “T
PSA probes Premier’s Bream development (Norway)
The Petroleum Safety Authority (PSA) Norway has carried out an audit of Premier Oil and the Bream development. Bream is an oil discovery in block 17/12 in the central section of the North Sea, around 110 km from land south-west of Stavanger. The discovery was originally made by Phillips Petroleum Co
Countdown begins for UK O&G Industry Safety Awards
Oil & Gas UK has informed that the nominations have opened for the fifth UK Oil and Gas Industry Safety Awards jointly organised by Oil & Gas UK and Step Change in Safety with Maersk Oil as principal sponsor. According to O&G UK, this year’s event – taking place on April 29 at the Aberdeen Exhibitio