Fossil Energy
Eni CEO meets Kazakhstan’s new Minister of Energy
The new Minister of Energy Vladimir Shkolnik, the Chairman of the Management Board of State Oil Company KazMunaiGaz Sauat Mynbayev and Eni’s CEO Claudio Descalzi met on Friday, October 10, in Astana, Kazakhstan. During the meetings, they discussed the results and developments of Eni’s activities in
Det norske takes over four North Sea fields
The Petroleum Safety Authority (PSA) Norway has given Det norske oljeselskap ASA consent to use the existing facilities on the Alvheim, Vilje and Volund fields, and the new Bøyla field, in the North Sea. The background to this consent is Det norske‘s acquisition of Marathon Oil Norge AS and the comp
Petronas pays $2.25B for Statoil’s Azeri assets
Norway’s Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC) to the Malaysian oil and gas comp
Most popular articles of the week October 6 – 12, 2014
The articles you have read the most this past week include an infographic on how to build an offshore oil platform, a gallery of the world’s biggest jack-up rig nearing Norway, North Sea platform evacuation story and many more. Infographics: How to build an offshore oil platform BP has shared
Jumbo completes mooring system for Ithaca’s Stella FPF-1
Jumbo has completed the mooring system pre-installation for the Greater Stella Area (GSA) development as a main contractor for Ithaca Energy. Jumbo was managed by Costain Upstream, the subsea project management contractor for the GSA development. GSA is located in the Central North Sea, Central Grab
Safety first: HSE boss keynote speaker at Oil & Gas UK Awards
Oil & Gas UK has announced Judith Hackitt, CBE FREng, Chair of the Health and Safety Executive (HSE), will be the keynote speaker at this year’s Oil & Gas UK Awards. The Oil & Gas UK Awards, sponsored by Shell U.K. Limited, will take place on Thursday 6 November 2014. Prizes will be awarded at [&hel
Production from BP’s Kinnoull field imminent
BP will start production from its Kinnoull field in the UK North Sea this month. According to Bloomberg, Bob Dudley, the oil giant’s CEO shared the information on Thursday, October 9, at an event in London. The Kinnoull field is one of the three reservoirs that are being developed as part of the rej
LQT Industries builds accommodation unit for Sakhalin platform
LQT Industries, LLC has built and commissioned a subarctic aluminum accommodation facility to be used by a global energy company on a drilling platform off the coast of Sakhalin Island, Russia. The facility consists of ten aluminum modular units made up of living quarters, recreation rooms, and util
Maersk Drilling’s giant rig XLE-2 finally in Stavanger
Following a 12,345 nautical miles long journey from Singapore, the XLE-2 drilling rig, dubbed largest of the kind in the world, has arrived in Stavanger, Norway.
Valemon pipeline operatorship now in Gassco’s hands
The pressure test of the Valemon Rich Gas Pipeline has been approved, and Gassco has yesterday (October 9) taken over the operatorship of this 177-kilometre facility which will carry rich gas to the Heimdal field centre in the North Sea for further processing. Gassco has thereby become the operator
North Sea operators want more clarity on UKCS future
Deals decrease as operators wait for clarity over the future of the UKCS, according to the latest report from business advisory firm Deloitte.
Statoil makes small gas discovery in Barents Sea
Norway’s Statoil, operator of production licence 714, is currently completing the drilling of wildcat well 7220/2-1 in the Barents Sea.
Faroe, Tullow complete North Sea transaction
Faroe Petroleum has completed the acquisition of a 53.1% operated interest in the Schooner Field and a 60% operated interest in the Ketch Field in the UK Southern North Sea gas basin from Tullow Oil. Remaining Proved and Probable Reserves, as evaluated by the Faroe Petroleum, as at 1 January 2014 we
UKCS decom to cost over $23B in next decade
Oil & Gas UK today launches its annual Decommissioning Insight – an industry forecast for decommissioning activity and expenditure on the UK Continental Shelf (UKCS). This year the report focuses on the activity of 28 operators in the UKCS – providing intelligence on their decommissioning plans fo