Fossil Energy
Infographics: How to build an offshore oil platform
BP has shared an infographics on how to build an oil platform in six steps. The platform shown in the infographics is located in the Caspian sea, offshore Azerbaijan. The West Chirag platform (image) began producing oil from one of the pre-drilled wells – J05, on 28 January, 2014 . The oil first p
Dina Star gets contract extension
Reach Subsea has secured a contract extension for the vessel Dina Star. Reach Subsea says that charterer for Dina Star has exercised an option to extend the contract in October. The operation continues in the High North areas. Dina Star, which has ice class 1B and de-ice, has under this contract ser
2015 Offshore Achievement Awards open for entries
The 2015 Offshore Achievement Awards have opened for entries today, with a new category added which will recognise investment into the future talent of the energy industry. The awards, which are organised and hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section with the support of pri
PSA inspects Transocean Leader semi-sub
The Petroleum Safety Authority (PSA) has carried out an audit of the Transocean, in respect of logistics on the Transocean Leader semi-submersible drilling rig. The Transocean Leader semi-submersible drilling rig was issued with an Acknowledgement of Compliance (AOC) by the PSA in December 2004. As
Dragon Oil, Petroceltic in takeover discussions
Irish oil and gas exploration company Petroceltic is in detailed discussions regarding a possible offer to be made by Dragon Oil to take over the company. In a statement issued today, Petroceltic said that Dubai-based Dragon Oil has submitted to the Board of Petroceltic proposed offer terms of 230 p
Songa Offshore: One rig stacked waiting for work
Songa Offshore, an international drilling company, has informed that Songa Venus semi-submersible drilling rig is stacked in Malaysia where it pursues future work. Songa Venus is stacked in Labuan, Malaysia, where it pursues future work. The rig was, as previously announced, sold to Opus Offshore
Sevan Drilling, Cosco in talks to delay rig delivery
Norwegian drilling contractor Sevan Drilling needs more time to decide on the Sevan Developer rig fate. The company has today announced that it has agreed with Cosco, the rig builder, to extend the Sevan Developer standstill agreement into the fourth quarter. The agreement should allow the parties
Centrica kicks off Ivory well drilling
Atlantic Petroleum has announced that drilling of the Centrica-operated Ivory well (6707/10-3 S) in PL 528B, in the Norwegian Sea, has started. Atlantic Petroleum Norge has a 9% working interest in PL 528B located in the Norwegian Sea. The licence is located adjacent to the Statoil-operated Aasta Ha
Faroe Petroleum lands three blocks in Ireland
Faroe Petroleum has been awarded of three new Licensing Options (LO 14/1, 14/2 and 14/3) by the Minister for Communications, Energy and Natural Resources in the Celtic Sea, Republic of Ireland. The two-year Licensing Options are located on the southern margin of the North Celtic Sea basin, in relati
Noreco: September production at 7427 boepd
Norwegian Energy Company ASA (Noreco) in September 2014 produced 7427 barrels of oil equivalents per day (boepd) on average. Net realised price in September was USD 85.7 per barrel of oil equivalents (USD 92.4 per barrel of oil) after adjustments for inventory, NGL and gas prices. For the third quar
500 offshore workers being let go by Statoil?
Norwegian oil giant Statoil is looking to reduce its offshore workforce by 500 people, Dagens Næringsliv (DN) has reported. According to DN, a Norwegian tabloid specializing in business reporting, Statoil also plans to make cuts in the onshore business, but no numbers have been revealed related to
Vard to build OSV for Island Offshore
Vard Holdings Limited has secured a new contract with Island Offshore for the construction of one offshore support vessel. The total value of the contract is close to NOK 300 million ($46.25 million). The vessel is scheduled for delivery from Vard Brevik in Norway in 1Q 2016. The hull of the vessel
Ross Offshore CEO leaves to pursue other interests
Norway’s Ross Offshore has appointed Jørgen L. Jørgensen as interim CEO of the company. Frode Losnedal (photo), the previous CEO, is leaving Ross Offshore to join a new tail end focused E&P company supported by HitecVision VII L.P. “Ross Offshore will thank Frode Losnedal for his dedication and stro
Cape in BP’s Magnus Life Extension project
Cape plc will supply its services to BP within the Magnus Life Extension project, MLXP in the UK North Sea. MLXP is a project being undertaken by BP as part of its North Sea renewals programme, and will see work carried out continuously from now through to Q2 2015. The North Sea business will then