Fossil Energy
Deep Casing Tools nets order from Statoil
Deep Casing Tools has announced the signing of a frame agreement with Statoil Petroleum AS. The company says that the contract covers the supply of Deep Casing Tools’ revolutionary drillable casing and liner reamer technology, including its high-speed, drillable reaming system, the Turbocaser™ Expre
Antrim to review Sound Oil’s takeover bid
Canada’s Antrim Energy Inc. has responded to an announcement made yesterday, November 24, by Sound Oil that it intends to launch a public offer for 100 per cent of the share capital of Antrim Energy. Antrim says that its board of directors will carefully review and evaluate the announcement and inte
Paragon proposes new board for Prospector Offshore Drilling
Paragon Offshore, the largest shareholder of Prospector Offshore Drilling since last week, has lodged a formal request for an extraordinary general meeting of the shareholders of Prospector Offshore Drilling S.A. to be convened. At the meeting, Paragon will seek to appoint new board of directors. To
Saipem nets $1B deal
Italy’s Saipem, through its controlled company ERSAI Caspian Contractor LLC, has been awarded a major new Engineering & Construction contract in the Caspian Region. The contract awarded to ERSAI, in consortium with Daewoo Shipbuilding & Marine Engineering Co., is worth approximately $1 billion. Cont
Eni, Gazprom bosses talk South Stream in Sochi
Claudio Descalzi, Chief Operating Officer of Italy’s Eni and Alexey Miller, Chairman of the Gazprom Management Committee have held a working meeting yesterday (November 24) in Sochi, Russia. According to the statement by Gazprom, they addressed the main areas of and prospects for enhancing the bilat
AVEVA sets up office in Aberdeen
AVEVA has announced the opening of its new office in Aberdeen, Scotland explaining that it will further strengthen its growing global network. The company says that the Aberdeen office will offer sales and support for all of AVEVA’s solutions and services with a strategic focus on the region’s globa
Faroe sells Glenlivet gas field stake to Total
Faroe Petroleum has sold its ten percent interest in the undeveloped Glenlivet gas field, West of Shetland, to Total. The consideration for the sale of the Glenlivet interest is £10 million, with an effective date of 1 January 2014, of which a proportion is deferred until the submission of the field
Technip hires Viking Neptun OCV
Norway’s Eidesvik Offshore and Reach Subsea have together entered into a contract with France’s Technip for the supply of an Offshore Construction Vessel. The contract will be executed using Eidesvik Offshore’s newbuild TBN Viking Neptun, equipped with Reach ROVs and manned by Eidesvik marine person
Salamander board endorses Ophir offer
Ophir Energy and Salamander have reached an agreement under which Ophir will take over Salamander in an all-share transaction. The proposed deal is subject to Salamander’s shareholders vote. Under the agreement, Salamander shareholders will receive 0.5719 Ophir share for each Salamander share. Accor
Oil & Gas UK updates guidelines for FPSO ops
Oil & Gas UK has today (November 24, 2014) published two updated sets of guidelines to help operators of Floating Production Storage and Offloading facilities (FPSOs), Floating Storage Units (FSUs) and offtake tankers to adopt advances in industry good practice. Oil & Gas UK’s operations director, O
GDF Suez buys additional stake in North Sea license
GDF Suez has signed a contract with Idemitsu for the acquisition of 10% share in the license PL 420, in the North Sea. PL 420 is situated between the Gjøa field and the Skarfjell discovery, and contains the discovery Titan. The exploration well Atlas in the license started November 4, with the semi-
Sound Oil to launch takeover bid for Antrim Energy
Sound Oil, the European focused upstream oil and gas company, intends to launch a public offer for 100 per cent of the share capital of Antrim Energy Inc. Antrim is a Canadian-based international oil and gas exploration company whose main asset is the Skellig Block, offshore Ireland (25% interest).
New CEO and CFO for Noreco
Norwegian Energy Company ASA (Noreco) has appointed Odd Arne Slettebø as Chief Financial Officer (CFO) and Tommy Sundt as Chief Executive Officer (CEO). Sundt was appointed as a new CEO following the departure of Svein Arild Killingland and Odd Arne Slettebø replaces Tommy Sundt. Slettebø joined Nor
Shell orders Pusnes mooring system
MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million. “We are very happy to finalise this large contract,” says Jan Martin Grindheim, Vice President, Offshore Mooring Systems at MacGregor. “It is strategically im