Fossil Energy
Marin Teknikk to design DSCV for Ultra Deep Solutions
Marin Teknikk AS, a Norway-based designer of offshore vessels, will deliver design & engineering for a large Multipurpose Diving Support & Construction Vessel to Ultra Deep Solutions (USD) in Singapore. The vessel, to be built by Shanghai Zhenhua Heavy Industries (ZPMC) will be of the MT6027 DSCV de
SBM Offshore to lay off 1200 workers
SBM Offshore, world’s largest supplier of FPSO units, will lay off around 600 contractor workers as well as 600 hundred of its permanent staff. The worldwide layoffs will occur over the period of 2014 and 2015. The Dutch company has cited market conditions and the need for it to optimize the cost ba
Wood Group nets $750M BP deal (UK)
Wood Group has been awarded a five year contract with an estimated value of $750 million from BP. Under the contract Wood Group PSN (WGPSN), will deliver engineering, procurement and construction services to six UK continental shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FP
Statoil to drill in Krafla (Norway)
Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to carry out exploration drilling of well 30/11-11 in the Krafla prospect, in the North Sea. Statoil is the operator for exploration licences 272 and 035 in block 30/11 in the northern part of the North Sea. Exploration we
EnerMech: $53M in crane and lifting contracts
The Aberdeen headquartered mechanical engineering group EnerMech has secured six new or renewed cranes and lifting contracts in the UK North Sea sector valued in excess of £34 million ($53.2 million). Enermech has agreed extensions to contracts with Apache North Sea, Maersk Oil and Marathon Oil, and
SPE, Subsea UK kick off energy industry career guidance website
More than 15 teachers from across North East Scotland attended the launch of ‘Inside Industry’ last night, December 10, a new career guidance website for secondary schools and colleges across the UK, targeted specifically towards the energy industry. Supported by the Society of Petroleum Engineers (
TTS Group director quits
Norway’s TTS Group ASA has informed that its director Jan Magne Galåen has resigned. Galåen resigned his position after accepting another one at Carnegie Investment Banking (Corporate Finance) from January 2015. According to TTS, in his new position Galåen is not permitted to hold directorships in l
Statoil gets nod to modify Sleipner A platform
Statoil has received consent from the Petroleum Safety Authority (PSA) Norway for modifications at Sleipner for connecting a gas pipeline from Gina Krog, in the North Sea. Gina Krog is an oil and gas find, located in blocks 15/5 and 15/6 in the central North Sea. Statoil is the operator of the field
EPSI’s takeover offer values Rocksource at $82M
EPSI AS, a company managed by HitecVision, has launched a takeover offer for Norwegian oil company Rocksource. According to a Rocksource filing to the Oslo Exchange, EPSI has launched a mandatory offer to acquire all the issued and outstanding shares in Rocksource at a price of NOK 6.00 per share. B
Gallery: Jack-up Maersk Interceptor gets AoC from PSA
Danish drilling contractor Maersk Drilling has received the Petroleum Safety Authority’s (PSA) Acknowledgement of Compliance (AoC) for the Maersk Interceptor jack-up drilling rig. Maersk Interceptor is a jack-up drilling rig, delivered by the Keppel Shipyard in Singapore in 2014. The unit, one of th
ExxonMobil: Energy demand to increase on growing middle class
Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 percent increase in energy demand by 2040, according to a new report released yesterday by ExxonMobil. As demand increases, the world will continue t
Fastnet appoints Chief Executive. Managing director leaves
Fastnet, the UK and Irish listed E&P company with assets in Ireland and Morocco, has appointed Carol Law as Chief Executive. She has been an Executive Director of Fastnet since 30 October 2012. According to Fastnet, during her time as Executive Directore, Law has worked closely with the company’s se
Maersk Oil starts drilling Xana well (Denmark)
Norwegian Energy Company (Noreco) has informed that drilling of the Xana exploration well in licence 9/95 on the Danish continental shelf has started. Noreco is partner in the licence with an ownership of 20.1 per cent. The licence is located close to the gas discovery Svane, in the Danish sector of
Dolphin buys WesternGeco streamers for Polar Empress
Dolphin Group ASA has selected WesternGeco Q-Marine point-receiver marine seismic system for the vessel Polar Empress. Dolphin says that this purchase of the Q-Marine system is a first step towards a potential opportunity for purchase of a WesternGeco IsoMetrix marine isometric seismic technology. T