Fossil Energy
VIDEO: Havyard christens newbuild PSV Olympus (Norway)
Havyard has reported that this Saturday (November 15) a naming ceremony was held at Fosnavåg, Norway for a platform supply vessel (PSV) named Olympus. The vessel was built for Indian shipping company Global Offshore Services. It is the third in the series of Havyard’s 832 design, and the eighth vess
3rd crude shipment from Prirazlomnoye field delivered
The Mikhail Ulyanov tanker has delivered the third shipment of Arctic oil (ARCO) produced at the Prirazlomnoye field to consumers in northwestern Europe. The Prirazlomnoye oil field in the Pechora Sea is located 60 km off the coast. Recoverable reserves of oil at the field are in excess of 70 millio
Canary Islands: Two injured in protest against offshore drilling
One activist was hospitalised and another injured as Spanish Navy boats repeatedly rammed Greenpeace boats engaged in a protest by Greenpeace Spain against oil drilling in the Canary Islands, Spain, Greenpeace has announced on its website. Greenpeace has said that early Saturday morning, inflatable
Pacific Drilling CEO scoops EY award
Chris Beckett, CEO of Pacific Drilling, has been named the EY Entrepreneur Of The Year™ 2014 National Energy, Cleantech and Natural Resources Award winner. The EY Entrepreneur Of The Year Award, a leading business award for entrepreneurs, encourages entrepreneurial activity and recognizes leaders an
Gazprom Neft done with Dolginskoye for this year
Dolginskoye field operator Gazpromneft-Sakhalin (a subsidiary of Gazprom Neft) completed testing of a well drilled at the Dolginskoye field, Pechora Sea. The completion of geophysical and hydrodynamic testing will allow clarification of the underlying structure of the field and the development of a
Another Nigerian spell for Sea Trucks
Sea Trucks, a company providing offshore installation services, has, following a contract in Nigeria signed last week, today informed of an award of a second installation contract for a development in Nigeria to West African Ventures, Sea Trucks’ principle Nigerian business. The contract has been aw
Statoil: $18.5 trillion will be needed in O&G investment to meet future demand
“The scale of the climate challenge requires us not only to ask how we can do more, but how we can achieve the most. Climate change doesn’t stop at borders – and neither should our solutions,” says Statoil CEO Eldar Sætre at the Statoil Autumn Conference. “We need a global approach that stimulates t
Paragon Offshore taking over Prospector Offshore Drilling
Paragon Offshore, an offshore drilling contractor, has acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess. Paragon acquired the shares at a price of 14.50 Norwegian kroner (NOK) per share, or $2.13 per share based on the
NPD introduces new management group (Norway)
The Norwegian Petroleum Directorate has informed that its new management group is coming into force today, November 17, 2014. According to the NPD, this adjustment of the organisation entails that the NPD will have more managers, and is transitioning from two to three management levels. “The most im
Xcite Energy selects COSL rig for Bentley field (UK)
Xcite Energy has entered into a Memorandum of Understanding (“MOU”) with China Oilfield Services Limited (“COSL”), which sets out the principles for the provision of a new-build Keppel FELS N Class Plus, harsh environment jack-up drilling rig, together with equipment and personnel for the Bentley fi
Popular news, November 10 – 16, 2014
Last week’s most read story was the one about SBM Offshore’s bribery case settlement. Aker Solutions followed with an announcement that it will not be laying off staff. You also read about AMEC taking over Foster Wheeler; Tullow slashing exploration budget, rig incident in Russian arctic and Hallibu
GEOxyz takes delivery of new vessel
GEOxyz has taken delivery of an offshore support and survey vessel “Geo Ocean II”, the latest addition to the company’s fleet. GEOxyz CEO Patrick Reyntjens said that the delivery of the vessel, named “Geo Ocean II”, marks a new milestone in the company’s growth. Reyntjens further added that, “With “
DeepOcean lays keel for new cable layer
DeepOcean UK, a subsidiary of DeepOcean Group Holding BV, has announced the symbolic keel laying ceremony has taken place in Galati, officially launching the construction phase of its new cable lay vessel. DeepOcean says that the vessel, yet to be named, will be taken on a long term charter from Mae
Infographic: South Stream ready for offshore construction
South Stream Transport, a consortium between Gazprom, Eni S.p.A., EDF, and Wintershall, is ready to begin offshore construction of its South Stream gas pipeline project. According to a statement on the Gazprom website, construction of the first and the second strings of the offshore gas pipeline i