Fossil Energy
BP Q3 profit drops
BP has recorded third quarter earnings 20% lower than the same period last year due to lower oil prices. Underlying replacement cost profit for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6
Total sheds Gina Krog interest (Norway)
Total’s subsidiary Total E&P Norge AS has signed an agreement to sell an 8% interest in the Gina Krog field in Norway, together with its interests in the mature fields of Vilje (24.243%), Vale (24.243%) and Morvin (6%), to PGNiG Upstream International. The consideration for the transaction is $317 m
Safety of UK helicopter ops in North Sea comparable to those in Norway?
The Transport Select Committee published its report on offshore helicopter safety in July. Oil & Gas UK Chief Executive Malcolm Webb responded in a letter to the Committee report at the time. Yesterday (October 27), the Government published its response to the Transport Select Committee Report along
Technip nets Kraken EPCI contract from EnQuest
Technip was awarded by EnQuest earlier this year a large engineering, procurement, installation and construction (EPCI) contract for the Kraken development, in the North Sea. Kraken development is located 400 kilometers North-East of Aberdeen and 130 kilometers East of Shetland, at a water depth of
Seadrill makes Board of Directors changes
Seadrill Limited announces that Carl Erik Steen has resigned from the Board of Directors with immediate effect. The Board of Directors has appointed Mr. Ørjan Svanevik to fill the vacant position and he will join the Board today. Mr. Svanevik is an employee of the Seatankers Group. He was previously
PSA probes crane and lifting ops management at ‘Snorre A’
From 22 to 25 September 2014, the Petroleum Safety Authority (PSA) has carried out an audit of the control and management of materials handling and the technical condition of lifting equipment at Statoil and the company’s management of lifting-equipment maintenance at Snorre A platform, in the Norwe
InfraStrata, Southwestern ink Dorset exploration agreement
InfraStrata plc has, together with joint venture partners Corfe Energy Limited and Brigantes Energy Limited, signed an agreement with Southwestern Resources Limited with respect to offshore Dorset licence P1918 in UK. Southwestern is a new UK based company set up for the purpose of participating in
Statoil to use ‘Deepsea Atlantic’ for Gullfaks Sør ops
The Petroleum Safety Authority (PSA) has given Statoil Petroleum AS (Statoil) consent to use the Deepsea Atlantic semi-submersible drilling rig for drilling and well operations at Gullfaks Sør in North Sea. Gullfaks Sør lies due south of the Gullfaks field in the northern part of the North Sea. The
ExxonMobil, OMV Petrom start Pelican South-1 drilling
ExxonMobil Exploration and Production Romania Limited (EMEPRL) and OMV Petrom S.A. (OMV Petrom) have started drilling the Pelican South-1 exploration well on a new prospect in the Neptun Block. The Ocean Endeavour rig is drilling the Pelican South-1 wildcat well about 155 kilometers offshore in the
Wessex Exploration in HALO buy
Wessex Exploration PLC, the hydrocarbon exploration company, has announced the successful acquisition of Hague and London Oil BV (“HALO”). Wessex says HALO is led by an established management team with significant public market experience and a proven track-record in successfully developing internat
PSA Norway audits ‘Safe Scandinavia’
The Petroleum Safety Authority (PSA) Norway has carried out an audit of stability, ballasting, and the watertight and weathertight integrity of semi-submersible accommodation support vessel Safe Scandinavia. On 23 and 24 September 2014, with assistance from the Norwegian Maritime Directorate, the PS
Popular news, October 20 – 26, 2014
The articles you have read the most this past week include an article on tragic death of Total CEO; the death of two workers offshore Malaysia; Baker Hughes joining the Bentley field development group; new CEO appointment at Noble Energy; contract extensions for two Ocean Rig’s drillships; new disco
‘7-Waves’ vessel launched (Gallery)
Dutch offshore services company Rederij Groen has taken delivery of the ‘7-Waves’, the second of a total three identical Seismic Research Support Vessels. Once the third of these so-called offshore chasers will join the fleet in January 2015, all of Groen’s five custom built chasers will have been b
OneSubsea in 10-year deal with BG
OneSubsea, a Cameron and Schlumberger company, has signed a 10-year global frame agreement with BG Group to supply subsea production equipment and aftermarket services. By adopting OneSubsea’s integrated solutions capabilities, the agreement establishes a framework for BG to pursue a standardized ap