Fossil Energy
BP to explore around Absheron peninsula (Azerbaijan)
BP and Azerbaijan’s SOCAR have signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is part of the government’s plan to ensure tha
Lundin drills duster in Storm well
Lundin Norway AS, operator of production licence 555, has completed drilling of wildcat well 33/2-1, located in the North Sea. The well is dry. The well investigated the hydrocarbon potential of the Storm prospect, which is located 200 km northwest of Florø on the Norwegian west coast and 65 km nort
NHV Group completes Blueway buy
NHV, an international helicopter operator, has completed the acquisition of Blueway, making it “one of the largest European helicopter transport operators”. In line with its growth strategy, and in order to provide even more efficient services to its clients, NHV, supported by its shareholder Ardian
Ithaca names COO
Ithaca Energy Inc. has named Roy Buchan as Chief Operations Officer, starting 5 January 2015. Buchan has over 30 years of operational experience in the oil and gas industry. He has held various technical and senior management positions in the North Sea and internationally for Royal Dutch Shell plc a
Injured worker airlifted from Murchison platform
An offshore worker was transported to a hospital from a North Sea platform this weekend after being struck by a pipe. According to STV TV News, the worker, 57, suffered head injuries after being hit by a falling pipe and is suspected to have fractured ribs. The injuries are not considered to be life
Oil & Gas UK: Falling oil prices call for faster reform
In light of falling oil prices, which were at a five-year low last week, Oil & Gas UK has called for the government’s reform to the oil and gas fiscal regime to be accelerated. To remind, George Osborne, the UK Chancellor of Exchequer, recently presented the Autumn Statement to the Parliament where
Rosneft pays $7B part of TNK-BP Loan
Russian oil company Rosneft has repaid part of a loan taken to pay for the acquisition of TNK-BP. Rosneft has said that on Monday, December 22, it paid around $7 billion to lenders. According to the company, the overall amount paid throughout the year totaled $24 billion, in full accordance with the
Statoil recommissions Scarabeo 5
Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to use Scarabeo 5 for plugging and production drilling in the Norwegian Sea. Statoil is the operator of the Kristin field, which is in blocks 6406/2 and 6506/11 at Haltenbanken in the Norwegian Sea. Statoil will plug well
Sub-Atlantic lands three ROV orders
Sub-Atlantic has secured three international contracts with a combined value of over £3.5 million for the manufacture of three specialist remotely operated vehicles (ROVs). The firm will provide IKM Subsea in Norway, Italy’s Globe Exploration and Total Marine Technology of Australia with observation
Eni CEO meets Prime Minister of Kazakhstan
The Prime Minister of Kazakhstan, Karim Massimov, and the Minister of Energy, Vladimir Shkolnik, met Eni’s CEO Claudio Descalzi today in Astana, Kazakhstan. According to Eni, during the meeting Claudio Descalzi illustrated the positive progress of Eni’s activities in Kazakhstan, with a particular fo
FPSO Petrojarl I upgrade in Damen’s hands
Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an EPC contract by Petrojarl I LLC for the upgrade of its FPSO Petrojarl I. The Petrojarl I is a Teekay Petrojarl managed FPSO, built in 1986, which has been active in the North Sea. Its redeployment will
Lundin: Green light for Luno II exploration
Lundin has received consent from the Petroleum Safety Authority (PSA) Norway to carry out exploration drilling of well 16/4-9 S, located in the North Sea. Lundin Norway AS (Lundin) is the operator for production licence PL 359 in blocks 16/1 and 16/4 in the central North Sea. The area is around 200
Providence wins case against Transocean
Irish oil and gas exploration firm Providence Resources has informed that it has won a court case against offshore drilling contractor Transocean. In a statement issued Monday morning, Providence Resources said that a Judgment was handed down by the Hon. Justice Popplewell on Friday, 19 December, 20
Ocean Yield delivers ‘Geco Triton’
Norway’s Ocean Yield has informed that the vessel “Geco Triton” has now been delivered to its new owners. The company recently announced the agreement for the sale of the 1991-built seismic vessel Geco Triton. According to the press release, Ocean Yield received net cash proceeds of $8.2 million fro