Fossil Energy
Alewijnse power for ‘Seawell’
Dutch company Alewijnse Marine Systems, has been awarded the contract for the full electrical refit of the 114 metre diving support vessel Seawell, owned by Helix Energy Solutions Group. The Seawell is currently in the North Sea and is expected to arrive at the Damen Shiprepair Yard in Vlissingen in
TTS Group, CSSC in offshore cranes JV
TTS Group’s subsidiary TTS NFM GmbH in Hamburg, Germany has entered into an agreement with South China Marine Machinery, controlled by China State Shipbuilding Corporation (CSSC), to establish a new joint venture company. TTS Group says that this new joint venture company was established for develop
Oil & Gas UK: Tax cuts greeted, but this is just first step
Today’s announcement from the Chancellor George Osborne, that the ‘vital’ UK offshore oil and gas industry is to see an immediate reduction of two percentage points in its tax rate, has been lauded by the industry association Oil & Gas UK as “an important first step towards improving the fiscal comp
Schlumberger axes seismic fleet and workforce
Schlumberger, the world’s largest oilfield services provider, has announced job cuts and reduction in its WesternGeco marine seismic fleet to lower its operating costs. Schlumberger intends to retire older vessels with lower towing capacity and higher operating costs and convert the remaining lower-
UK Chancellor confirms N. Sea oil and gas tax reductions
George Osborne, the UK Chancellor of Exchequer, today presented its Autumn Statement to the Parliament where he promised that the government will shortly set out major reforms to the oil and gas fiscal regime, to make sure that the UK Continental Shelf continues to attract investments.
PSA looks into four drilling companies (Norway)
The Petroleum Safety Authority (PSA) Norway has carried out an audit of four drilling consultancy companies: Acona Well Management Services, AGR Petroleum Services AS, Rig Management Norway and Ross Offshore. The PSA says that it is the operating company that has overall responsibility for ensuring
Premier Oil signs up for another round with ‘Safe Scandinavia’
Prosafe has informed that Premier Oil UK Limited has exercised a one month option for the provision of the Safe Scandinavia semi-submersible accommodation rig. The rig will be used at the Solan installation on the UK continental shelf. The one month option extends on site operations through until en
EMGS, TGS partner up in Barents Sea
Electromagnetic Geoservices ASA (EMGS) and TGS have agreed to further expand the companies’ cooperation agreement in the Barents Sea. The companies have agreed to acquire 3D EM data over approximately 10 new blocks in the Nordkapp and Tiddly areas and have a 50% ownership each in the data acquired.
Deep Sea Supply CEO steps down
The Board of Directors of Deep Sea Supply and Finn Amund Norbye have reached an agreement that Norbye will step down as CEO after close to 10 years in the company. Chairman of Deep Sea Supply, Harald Thorstein said: “Finn Amund Norbye has been an energetic and structured CEO who has done an excellen
‘Pieter Schelte’ loses South Stream contract
As previously reported, the massive, $40 billion South Stream pipeline project which was designed to supply Europe with Russian gas through the Black sea, has been cancelled. Russia’s decision against the construction of the offshore pipeline citing a lack of commitment of Bulgaria/EU, has impacted
Sanctions reason behind rig deal delay, Northern Offshore says
Offshore driller Northern Offshore has confirmed that the Western sanctions against Russia were the reason behind the rig contract delay with Rosneft, as announced on Friday, November 27, 2014. The execution of the contract for the Energy Endeavour jack-up rig valued at around $150 million has been
Chevron: First oil flows from Jack/St. Malo
Chevron Corporation has announced that crude oil and natural gas production has begun at the Jack/St. Malo project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. The company says that Jack/St. Malo is a key part of Chevron’s strong queue of upstream projects and was delivered on time an
South Stream still on, Saipem says. Shares drop
Italian Saipem, a company which was supposed to carry out a giant part of the South Stream pipeline work in the Black Sea, has said that the work on the project will continue, despite Vladimir Putin saying it will not. The company said that, while noting the statements by the Russian president end G
Injured offshore worker evacuated from North Sea platform
An offshore worker was evacuated last night (December 1, 2014) from a North Sea platform after suffering an injury. The injured worker was airlifted from the TAQA-owned Eider platform and flown to the hospital by the Shetland coastguard. Eider platform is serving as a manned production platform for