Fossil Energy
Huntington field ready to resume production
Huntington oil field, located in the UK North Sea, is slated to get back in production this weekend. According to Premier Oil, a partner in the field with 40 percent interest, Huntington will return to producing oil ahead of schedule, as the planned maintenance work has been completed. The Huntingto
Weak market, 3D vessels pull SeaBird down
SeaBird Exploration, a seismic survey company, has recorded a net loss of $20.2 million in the third quarter of 2014, compared to a net income of $4.0 million in the same period in 2013. The revenues were $22.7 million versus $50.9 million in the third quarter of 2013. Seabird said that the revenues
Maersk Oil drills duster in Danish North Sea
As operator for Dansk Undergrunds Consortium (DUC), Maersk Oil has drilled the exploration well Siah NE-1X (5505/7-17) in the western part of the Danish North Sea. The well is dry. Siah NE-1X was drilled as a vertical well. The primary target was deep water deposits in the Upper Jurassic. No produci
Talisman bans E-cigarettes from offshore platforms
Offshore operator Talisman is set to ban E-cigarettes from all their offshore installations. The ban is the result of an overheating incident that had the potential to cause a serious fire and will come into effect Sunday, Oil and Gas People website has reported. The incident occurred while the devi
TTS to cut 40-60 jobs in China and Norway
TTS Group will lay off 40-60 employees due to, as it explained, a weaker market development than expected in the offshore sector. The company says that the cuts affect the offshore operations in Bergen, Norway, and Shanghai, China. The layoffs, according to the company, are a cost and capacity adjus
Northern Offshore delays Rosneft rig deal
Offshore drilling contractor Northern Offshore has agreed to postpone a rig contract with Russian oil giant Rosneft. In its announcement, Northern Offshore said that the contract for the Energy Endeavour jack-up rig would be delayed until May 2015. The original agreement for the rig was signed in Ju
Sevan Marine shifts CFO role
Norway’s Sevan Marine ASA has informed that as of January 1, 2015, the CFO role will shift from Kjetil Vangsnes to Reese McNeel. On this occasion, Sevan Marine’s CEO, Carl Lieungh, stated: “I wish to thank Mr Vangsnes for his valuable contribution to Sevan Marine’s successful restructuring from 2011
Plexus to deliver wellhead for Ivar Aasen
Plexus Holdings PLC has received an order from Norwegian oil company Det Norske Oljeselskap ASA to supply surface wellhead and mudline equipment services for Geopilot#2, an oil and gas appraisal well on the Ivar Aasen development project, offshore Norway. Geopilot#2 will be the seventh Det Norske we
Statoil hires Technip for subsea installation job at Gullfaks
Technip, a France-based provider of services to oil and gas industry, has said it has signed an important lump sum contract with Statoil ASA for the Gullfaks Rimfaksdalen (GRD) Marine Operations Pipelay and Subsea Installation project in the Norwegian North Sea. This project is an option to the Snøh
Statoil opens office in Berlin
Statoil’s representative office in Berlin was officially opened on November 27, 2014 by marketing and trading senior vice president Rune Bjørnson. Statoil says that the opening of the Berlin office reflects the company’s increased ambitions in the German market. “I am very pleased that Statoil now h
IoD Boss slams BG for ‘excessive’ CEO salary
Institute of Directors (IoD), a UK-based body that represents and set standards for company directors, has slammed BG Group’s decision to award a £25 million ($39.36 million) pay deal to incoming Chief Executive, Helge Lund. Simon Walker, Director General of the Institute of Directors, said: “The
Kvaerner: EVP Concrete Solutions leaves
Bjørn Gundersen has decided to leave the position as Executive Vice President (EVP) for Concrete Solutions at Norway’s Kvaerner. Arnt Knudsen, who comes from the position as leader for Technology & Business Development in Concrete Solutions, will take over as new EVP for the business area. Since the
Statoil extends life of Tune field
Statoil has received consent from the Petroleum Safety Authority (PSA) Norway to continue to use facilities on the Tune field, located in the North Sea, until 2020. Tune is a gas condensate field located around ten kilometres west of Oseberg in the northern part of the North Sea. Statoil is the fiel
Circle Group buys WellPartner (Norway)
HitecVision has announced the Circle Group’s acquisition of WellPartner AS, an equipment and services company servicing the Norwegian subsea, completion and intervention markets. This is Circle Group’s first acquisition and the foundation for the Well Service division. WellPartner was established in