Fossil Energy
Premier Oil reaps $147M from asset sales
Premier Oil, a UK-based independent oil and gas company has completed two previously announced asset sales worth $147.5 million in Total. Premier has completed the sale of its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group for a cash consideration of $130 mil
‘VOS Glamour’ heads for North Sea
Vroon has taken delivery of the ‘VOS Glamour’ vessel at Fujian South East Shipyard (FSES) in Fuzhou, China. VOS Glamour, a 60-m field-support vessel (FSV) and the first in a series of four such FSVs being built at the Shipyard for Vroon, was delivered on Friday, December 19, 2014. Vroon has said the
Popular news, December 15 – 21, 2014
A story on Halliburton’s decision to cut workforce amid tough market conditions was the most read during the week December 15 – 21, 2014. Also, Wood Group PSN’s news on slashing salaries for workers offshore & onshore UK came in as the second most popular piece during the week. According to our st
Transocean drops seven rigs
Transocean, one of the world’s largest offshore drilling contractors, has issued its monthly Fleet Update Summary according to which it plans to scrap seven lower-specification deepwater and midwater floaters. The company intends to scrap the following rigs: Sedco 710, Sovereign Explorer, Sedco 700,
Rem Offshore’s newbuild suffers setback
Norway’s Rem Offshore ASA has informed that the delivery of the Offshore Construction Vessel (OCV) the company ordered at Vard in June has been delayed for a year. The two companies signed the contract in June 2014 according to which the vessel would be delivered in the Q1 2016. However, Rem Offshor
Huntington resumes at reduced rate
Norwegian Energy Company (Noreco) has informed that a temporary approval has been granted to resume production at reduced rate at the Huntington field, in the UK North Sea, and that the field is now on stream. Offshore Energy Today previously reported that production from Huntington field was delaye
BP denied Valhall QP life extension
The Petroleum Safety Authority Norway (PSA) has turned down an application from BP Norge AS for consent to extend the operating life of the quarters platform (QP) on the Valhall field. BP currently has permission to use Valhall QP for accommodation until December 31, 2014, and it has applied to the
Schlumberger in Mariner drilling, well services award (UK)
Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc. “This is a very significant agreement for the Mariner project, and the result of an innovative, ne
Gallery: SAL Heavy Lift’s MV Frauke wraps up offshore gig
SAL Heavy Lift has informed that the vessel MV Frauke has finalized its long-term engagement for offshore project. The vessel MV Frauke of Type 176 finalized its latest project, for which it had been engaged since July 2014, at the beginning of December 2014. The project consisted of seven phases: –
Statoil hits oil in Krafla North
Det norske has informed that the exploration drilling on the Krafla North prospect in PL 035, in the North Sea, is about to be completed. Exploration well 30/11-10 encountered an 80 meter oil column in the Tarbert formation and a 20 meter oil column in the Etive formation. Det norske is partner with
RWE Dea bites dust in North Sea wildcat
RWE Dea Norge AS, operator of production licence 420, is in the process of concluding the drilling of wildcat well 35/9-12 S, in the North Sea, off Norway. The Norwegian Petroleum Directorate (NPD) granted RWE Dea a drilling permit for the well 35/9-12 S in November. The well was drilled about 20 ki
Ennsub realizes LARS design for ‘Ceona Amazon’
Ennsub has completed the design and manufacture of two innovative workclass remotely operated vehicle (WROV) deployment systems which have been designed and manufactured for ROVOP and are due to be installed into a newbuild, tier one pipelay vessel Ceona Amazon early in 2015. Ennsub reports that a n
Eni bags three permits off Portugal
Italy’s Eni has finalised with Petrogal, a wholly owned subsidiary of the Portuguese company Galp Energia, the farm in agreement for the acquisition of a 70% stake and operatorship of the three permits off Portugal. According to Eni’s press release, the permits are Gamba, Santola and Lavagante. The
Solstad completes AHTS Normand Draupne sale
Solstad Offshore, a Norway based offshore ships supplier, has completed the sale of its vessel “Normand Draupne”. The company recently entered into an agreement to sell its 29-year old vessel “Normand Draupne”. According to Solstad Offshore, the sale and delivery of the vessel was completed yesterda