Fossil Energy
NPD approves Statoil’s wildcat well north of Johan Castberg
The Norwegian Petroleum Directorate has granted Statoil Petroleum ASA a drilling permit for well 7220/2-1, in the Barents Sea. Well 7220/2-1 will be drilled from the Transocean Spitsbergen semi-submersible drilling rig. The drilling programme for well 7220/2-1 relates to drilling of a wildcat well i
$600M investment for CHC
Offshore helicopters owner CHC Group Ltd. and Clayton, Dubilier & Rice (CD&R) today announced they have entered into definitive agreements for CD&R managed funds to invest $500 million in CHC through the purchase of convertible preferred shares to be issued in a private placement. As part of the t
Oil exports begin from Gazprom’s Gulf of Ob field
Gulf of Ob is the largest bay of the Kara Sea. It is located at the mouth of the Ob River and bordered in the west by the Yamal Peninsula.
Atlantic Petroleum farms out Norway asset stake to Repsol
Atlantic Petroleum has announced that the Group has entered into a commercial agreement to farm out 6% of its 15% ownership in licence PL528/528B in the Norwegian Sea. This leaves Atlantic Petroleum with 9% ownership. The deal, with Spanish oil company Repsol, is subject to government approval. Ben
Statoil to drill wildcat in Barents Sea
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7125/4-3 in the production licence 393 B, in the Barents Sea. Well 7125/4-3 will be drilled from the Transocean Spitsbergen semi-submersible drilling rig, type Aker H-6e. It was built in 2009 at Aker Stor
Siem Offshore sells two OSCVs
Norway’s Siem Offshore has entered into an agreement with Daya Materials Bhd. for the sale of the two 2013-built Offshore Subsea Construction Vessels (“OSCVs”) ”Siem Daya 1” and ”Siem Daya 2” at a total price of USD 282 million. Daya, based in Malaysia, has been given 150 days to arrange for financi
‘Safe Boreas’ progressing well
Prosafe, one of the world’s biggest providers of accommodation rigs to the international offshore oil and gas industry, has said its new build projects are progressing well and are within budget.
Rosneft, NADL mull assets swap
Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL
Petrofac Chairman steps down
Petrofac, the international oil & gas facilities service provider, has announced that Norman Murray, who has been Chairman since May 2011, has resigned from the Board and will step down as Chairman with immediate effect for compassionate reasons. Senior Independent Director, Rijnhard van Tets, will
2H Offshore names principal engineer in Norway
2H Offshore, an Acteon company, has appointed Paul Hopkins as principal engineer, to develop 2H Offshore’s growing client base in Norway. Hopkins worked for 2H Offshore from 2001 – 2006 on a diverse range of riser projects, including Exxon’s Kizomba A and B developments and BP’s Shah Deniz project.
Pulse hired to support Total’s drilling at Martin Linge
Pulse Structural Monitoring (Pulse), an Acteon company, has been awarded a contract with Total E&P Norge AS to provide a real time integrity monitoring system, to measure platform displacement during drilling operations. The two-year contract, with a two-year extension option, will support Total’s d
Kvaerner selected for Oseberg platform concept study
Statoil has awarded Kvaerner a concept study related to a standardised, unmanned dry tree wellhead platform for the Oseberg Future Development project. The concept is focused on minimisation of facilities, equipment and costs down to water depths of 150 meters and may be a cost effective solution co
AGSL wins Cygnus job from GDF SUEZ
Asset Guardian Solutions Ltd (AGSL), which specialises in critical control software asset protection for the process and manufacturing industry, today announced that it has been awarded a contract by GDF SUEZ E&P UK Ltd, a North Sea oil and gas operator. AGSL will provide GDF SUEZ with a customised
Premier evacuates workers from Balmoral
Premier Oil-operated Balmoral floating production vessel in the UK North Sea has reportedly been evacuated.