Fossil Energy
Bluestream orders containerised air-dive spreads from IHC Hytech
IHC Hytech, part of Royal IHC, has secured an order for two innovative containerised air-dive spreads from Bluestream, an offshore and subsea company that operates in the oil and gas, and renewable energy sectors. These high-quality systems consist of a containerised 1,800mm decompression chamber wi
Statoil improves profit despite output drop
Statoil has delivered results for the second quarter 2014. Net operating income was $5.16 billion (NOK 32.0 billion), a decrease of approximately $371 million (NOK 2.3 billion) compared to the second quarter of 2013 adjusted earnings were $5.21 billion (NOK 32.3 billion). “Statoil delivered solid op
Lime Petroleum surrenders three North Sea licenses
Hibiscus Petroleum Berhad has announced that its jointly-controlled entity, Lime Petroleum Norway AS has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop decision by 23 July 2014. Following the assessment of resul
AGSL’s Asset Guardian software for North Sea operator
Asset Guardian Solutions Ltd (AGSL), which specialises in protecting companies’ process critical software assets, has announced that it has been awarded a key contract by a major North Sea operator in Aberdeen, Scotland, for an undisclosed amount. The contract requires AGSL to provide Asset Guardian
O&G UK to shed light on upstream oil and gas labour market
Oil & Gas UK, in conjunction with oil and gas industry skills organisation OPITO and the Department for Business, Innovation & Skills (BIS) today (July 24) announces it has commissioned EY to ‘map’ the UK upstream oil and gas labour market to provide valuable intelligence. This constitutes a major p
EMSA gets funding for O&G pollution response
The EU Council has adopted a regulation to finance the actions of the European Maritime Safety Agency (EMSA) in the field of response to marine pollution caused by ships and oil and gas installations in the years 2014 to 2020. The final adoption of the legislative act by the Council follows an agree
Statoil to set up modular drilling rig on Heimdal
Statoil has received consent for installation and temporary operation of a modular drilling rig (MDR) at the Heimdal facility. Installation will begin in the third quarter of 2014 with commissioning scheduled for November. Heimdal is a gas field lying under 120 metres of water in block 25/4 in the c
Bibby Offshore receives Chancellor of the Exchequer (UK)
Bibby Offshore, the subsea services provider to the oil & gas industry, hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s innovative workshop, storage and maintenance facility in Aberdeenshire, on Tuesday 22 July. The Chancellor was given a tour of Bibby Offshore’s new
Northern Petroleum wins new permit offshore Italy
Northern Petroleum has been awarded the C.R149.NP permit offshore in the Sicily Channel adjacent to the Northern Petroleum operated permit C.R146.NP. The permit C.R149.NP was applied for in order to encompass an extension of the Vesta prospect, mapped within the Company’s adjacent C.R146.NP permit.
Farstad secures multiple charter deals
Norway’s Farstad Shipping ASA has secured multiple charter contracts worth approximately NOK 1.75 billion. Farstad Shipping ASA has been awarded the following charter contracts: Inpex has awarded contracts to AHTS Far Sword (2006, UT 712 L, 14.700 BHP) and AHTS Far Stream (2006, UT 712 L, 14.700 BHP
Technip takes profit dive in 1H 2014
On July 22, 2014 Technip’s Board of Directors approved the second quarter and first half 2014 consolidated financial statements. Technip’s second quarter results were highlighted by an order intake of 7.1 billion euros, revenues of 2.6 billion euros, compared to 2.4 billion same time last year (9% r
Wood Group Kenny upgrades riser design software Flexcom
Wood Group Kenny (WGK) has announced that findings from the first and second phases of a Joint Industry Project into understanding the effect of slug flow on pipelines and risers has led to significant enhancements in their software package, Flexcom, to deliver automated slug capabilities. Subsea sy
Repsol nets $1.7B profit
Repsol posted net income of $1.784 billion (1.327 billion) euros in the first half of the year, an increase of 47% from the year-earlier period. This reflects a good performance of the company’s businesses as well as the success in securing a compensation agreement for the expropriation of YPF. Adju
Turkey approves EIA for EEZ section of South Stream Offshore Pipeline
The Turkish Ministry of Environment and Urbanisation has approved the Environmental Impact Assessment Report (EIA Report) for the section of the South Stream Offshore Pipeline that will cross the Exclusive Economic Zone (EEZ) of Turkey. The EIA Report consists of an assessment of potential impacts o