Fossil Energy
As Scots vote, Wood Mac assesses key issues for UK oil & gas sector
As Scotland is voting today either to break free from the three centuries old union or stay in it, read below a report titled :”Key considerations for the UK Oil & Gas industry and Scottish Independence Referendum,” compiled by a consultancy group Wood Mackenzie. Wood Mackenzie assesses the key is
North Sea Energy kicks off Bagpuss site survey
North Sea Energy Inc., through its wholly owned subsidiary North Sea Energy (UK N02) Ltd. (“NSE-2”), has announced that the Bagpuss site survey in the UK North Sea has started and should be completed in the next 7 days. The purpose of the survey is to collect high resolution digital seismic, soils d
Report: Scotland should learn from Norway and create oil fund
A new economic analysis of a potential Scottish Oil or Sovereign Wealth Fund has found that in 24 years Scotland could earn the same annual revenue from an oil fund as current revenues from North Sea oil and gas tax receipts. The new economic outlook, undertaken by economists for oilandgaspeople.com
Solstad sells 29 years old AHTS
Solstad Offshore, a Norway based offshore ships supplier, has entered into an agreement for the sale of “Normand Draupne” AHTS built in 1985 to an international buyer. The vessel is expected to be handed over to new owners during December 2014. The sale of the vessel will have a positive cash effect
OGN: Scottish independence could jeopardise UKCS future
With the Scottish Independence referendum looming, the England-based engineering and construction company reveals its preference.
Statoil suspends another rig on ‘overcapacity’
Norwegian oil giant Statoil will lay up the COSL Pioneer semi-submersible drilling rig in the fourth quarter of 2014, “due to overcapacity in our rig portfolio.”
NOF Energy adds KOSHIPA to partner portfolio
NOF Energy, the UK business development organisation for oil, gas, nuclear and offshore renewables sectors, has announced Korea Offshore & Ship Building Association (KOSHIPA) as its latest Global Partner. The agreement is designed to facilitate increased co-operation between the UK and South Korean
Petrojarl Knarr FPSO reaches Norway
The new floating production vessel Petrojarl Knarr has arrived from Korea at Aibel’s shipyard in Haugesund. Here the ship will be prepared before installation on the Knarr field.
BP extends with Jee
Jee Ltd, a subsea engineering and training firm, has been awarded a three-year contract renewal from BP with potential value in excess of £4.5million.
DeepOcean strengthens its team
DeepOcean Group Holding B.V. has announced that Henk van den Ijssel and Peter van der Hak will join DeepOcean on 1 October, 2014.
iSurvey to provide positioning services for Island Offshore vessels
iSURVEY, a provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets has been awarded a two year contract with offshore vessel owner, Island Offshore Management. The two year contract will see iSURVEY AS provide positioning services to
Hyundai delivers fourth PSV to BP
The PSV, named NS Frayja is now on its way to join its fleet in North Sea fields.
‘Ensco 122’ jack-up getting ready for NAM contract
Ensco, a UK-based offshore drilling contractor, has informed that, following a long journey from Singapore, its new ENSCO 122 jack-up rig has arrived in the Netherlands where the rig will start its initial contract with NAM later this year.
UDS orders Unique Hydra’s diving system for new vessel
Unique Hydra has been selected by Ultra Deep Solutions (UDS) to design, build and integrate the dive system for a multipurpose Diving Support Construction Vessel (DSCV). According to Unique Hydra, , a division of Unique Maritime Group (UMG) an integrated turnkey subsea and offshore solutions provide