Fossil Energy
Statoil extends suspensions for rig trio
Norwegian oil company Statoil has extended the suspension times for three offshore drilling rigs. The company said that the reason for the extended suspension for COSL Pioneer, Scarabeo 5 and Songa Trym semi-submersibles was overcapacity in the rig portfolio. Statoil has also said that the suspensio
Baker Hughes: Offshore rigs up in November
Baker Hughes Incorporated has posted an international rig count report for November 2014 on its Investor Relations website according to which the international offshore rigs are up from last month. The international rig count for November 2014 was 1,324, up 16 from the 1,308 counted in October 2014,
PSA nods for underwater ops (Norway)
Statoil, Gassco and ExxonMobil have received consent from the Petroleum Safety Authority (PSA) Norway for manned underwater operations until November 2015. The services are to be supplied by Technip and Subsea 7. Statoil, Gassco and ExxonMobil have received consent to perform manned underwater opera
OSVs to benefit from Oil & Gas fiscal reforms (UK)
The UK Chamber of Shipping, an association representing shipping companies in the UK, has welcomed the UK Chancellor’s announcement on the proposed fiscal reforms for the UK offshore oil and gas industry. Chancellor George Osborne, in the Autumn Statement on Wednesday, announced a set of measures wh
Saipem gets notice of South Stream suspension
Italy’s Saipem, a company which was supposed to carry out a giant part of the South Stream pipeline work in the Black Sea, has sounded out again regarding the cancellation of the project. In today’s statement Saipem has revealed it has received a “Notification of suspension of Marine Spread activiti
CHC Helicopter to revamp Dyce base
CHC Helicopter is preparing a multi-million pound investment in its longtime base in Dyce, Aberdeen. The company has said that the expansion will benefit offshore workers, the oil-and-gas companies for which they work, and CHC’s own people. CHC has said that the project will transform CHC’s faciliti
Download: UK’s plan to revamp oil & gas fiscal regime
UK’s Chief Secretary to the Treasury Danny Alexander today announced what was described as “significant new government support for the oil and gas industry.” He and the Exchequer Secretary to the Treasury Priti Patel announced the changes today at a meeting with industry representatives to unveil a
Rosneft: Pobeda field discovery confirmed
Russian State Committee for natural resources has confirmed the discovery of the new Arctic oil and gas field Pobeda located on the Kara Sea shelf. The field was discovered as the result of drilling of the northernmost well in the world – the Universitetskaya-1. In September, Rosneft announced Unive
‘Ceona Amazon’ christened
Ceona has expanded its fleet with the christening of its flagship asset, the Ceona Amazon in Germany yesterday. Ceona Amazon has been internally designed at Ceona and built to perform in multiple pipelay and operational modes. Lloyd Werft delivered the Ceona Amazon in Bremerhaven where the vessel wa
Santos cancels EU debt issue on tumbling oil prices
Australian oil and gas company Santos has cancelled its plans to raise funds through a European hybrid issue. The company had revealed its plans of a possible 50% equity credit European hybrid issue, depending on acceptable market conditions, during its Investors Seminar last week. During the presen
UK: Call for better stewardship of ageing assets
Oil & gas operators must share ideas and information to manage ageing North Sea platforms as safely, efficiently and cost-effectively as possible, industry leaders were told by a UK HSE manager. According to East of England Energy Group (EEEGR), about 70 per cent of installations and equipment in th
Maersk Oil: Autumn Statement good news for Culzean
Denmark’s oil company Maersk Oil and its partners in the Culzean field have welcomed the uHPHT (ultra High Pressure, High Temperature) cluster area allowance announced yesterday, as a boost for the future of the UK North Sea. The UK Chancellor of the Exchequer, George Osborne MP, outlined the change
Searcher Seismic in offshore Ireland shoot
Searcher Seismic in conjunction with project partner MAGE, has announced the Echidna Regional Broadband 2D seismic survey in Ireland. The Echidna Regional Broadband 2D seismic survey comprises of approximately 9,000 km of high quality, long offset broadband 2D seismic data and will be the first comp
Maersk gets green light to drill in Tvillingen Sør (Norway)
Maersk Oil Norway AS has received consent from the Petroleum Safety Authority (PSA) Norway to drill exploration well 6406/6-4 in the Tvillingen Sør prospect, in the Norwegian Sea. Maersk is the operator for production licence 510 in blocks 6406/5 and 6406/6 at Haltenbanken located in the Norwegian S