Fossil Energy
Aker Solutions: “We have no plans to lay off staff”
Aker Solutions has issued a clarification on a story reported by Norwegian broadcaster NRK saying that Aker Solutions’ fabrication yard in Egersund, Norway, will be letting 1,500 temporary workers go after the new year. The company said that while it is common practice at the yard to adjust the temp
NADL, Rosneft delay multi-billion rig deal
Norwegian offshore drilling contractor North Atlantic Drilling and Russian oil company Rosneft have delayed a $4.25 billion offshore rig deal. According to an agreement signed by the two companies earlier this year, NADL was to provide six offshore drilling rigs to Rosneft. Also, in a separate deal
Tulip buys PA Resources’ Dutch North Sea acreage
PA Resources has reached agreement to divest its 30 percent interest in Netherlands offshore Blocks Q7 and Q10a to Tulip Oil. Tulip Oil will pay a consideration of GBP 1 million (SEK 12 million) on completion of the transaction, with a further payment contingent on certain asset milestones being met
Popular news, November 3 – 9, 2014
‘Largest ever subsea structure’ at Ichthys, Where did all the ‘Deepwater Horizon’ oil go?, Video of the world’s largest semi-sub taking shape, Worker crushed during Goliat construction, Statoil applies Statoil wins (UK)… ‘Largest ever subsea structure’ at Ichthys The INPEX-operated Ichthys LNG proje
Noble bags two rig deals at increased dayrates
While some drilling contractors are struggling to get work for their offshore drilling rigs, Noble Corporation has announced two contract extensions at increased dayrates. According to the company’s latest fleet status report, Saudi Aramco oil company has extended contracts for Noble’s two jack-up d
Transocean takes $2.8B charge. Delays 3Q results
Transocean Ltd. has announced that it expects its third quarter 2014 results to include a non-cash charge of $1.97 billion related to the impairment of goodwill. The charge, the offshore drilling contractor has explained, is the result of impairment testing conducted due to the decline in the market
‘African Inspiration’ named in Norway
Nigerian company Marine Platforms Limited has received its first newbuild vessel at a ceremony in Fosnavåg, Norway, on Thursday, November 6. The vessel, named ‘African Inspiration’ by Norway’s Minister of Finance Siv Jensen, was built by Norwegian offshore ship designer and constructor Havyard. The
Bibby Offshore honored with Investment in People award
Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has won the Investment in People award at the 2014 Oil & Gas UK Awards. The winners were announced last night (Thursday November 6, 2014) at the Aberdeen Exhibition an
Another fatal incident offshore Azerbaijan
One offshore worker was killed, and another went missing following an accident on an offshore platform in the Caspian Sea, Azerbaijan. The piece of information was shared by the Azeri national oil company SOCAR. In a statement on its website, SOCAR said that eight vessels were searching for the mi
October offshore rig count up
Baker Hughes Incorporated has posted the international rig count for October 2014 on its Investor relations website. The international offshore rig count is up by 10 rigs when compared to last year. The international rig count for October 2014 was 1,308, down 15 from the 1,323 counted in September 2
EnQuest awarded for prolonging Thistle life
EnQuest has received recognition for its success in extending the life of one of the North Sea’s older assets. The company won the Business Innovation title in the Large Enterprise category at last night’s Oil & Gas UK awards ceremony. EnQuest’s Thistle Late Life Extension (LLX) project is at the
Winners of ‘biggest ever’ Oil & Gas UK Awards announced
Oil & Gas UK has informed that the winners of the Oil & Gas UK Awards 2014, sponsored by Shell U.K. Limited, have been announced following a sold-out evening event in Aberdeen, Scotland. All seven winners were presented with their awards at a ceremony in Aberdeen on Thursday November 6, where some 6
Fincantieri, Technip go offshore hand in hand
Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A. and Giuseppe Bono, CEO of Fincantieri. This
Statoil drills duster in Barents Sea
Statoil Petroleum AS, operator of production licence 230, has completed drilling of wildcat well 7227/10-1, in the Barents Sea. Statoil was granted a drilling permit for well 7227/10-1 from the Norwegian Petroleum Directorate (NPD) in October, 2014. The name of the prospect is “Saturn”. The well was