Fossil Energy
Trinity International Services gains contract extension in Norwegian North Sea
Trinity International Services, an offshore catering, hotel-keeping, design and consultancy provider, has gained a contract extension worth more than £5million with a major oil and gas drilling company. Aberdeen-headquartered Trinity has signed a three-year renewal with Stena Drilling, for work on i
Wintershall chooses 8over8’s contract management platform
Global oil and gas exploration and production company, Wintershall Holding GmbH, has selected 8over8® Limited’s contract management platform to underpin its global capital development strategy. Wintershall has recently acquired a number of licences and fields in the Norwegian North Sea. The company
Vard records profit jump in Q2
Vard Holdings Limited, a designer and shipbuilder of offshore and specialised vessels, has announced its financial results for the second quarter of financial year 2014 (2Q2014), and first half ended 30 June 2014 (1H2014). Revenues for 2Q2014 were NOK 2.94 billion, in line with the corresponding per
FEESA becomes part of KBC’s oil and gas strategy
KBC Advanced Technologies plc has purchased FEESA Ltd, a UK-based provider of specialised software and services to the upstream oil and gas industry, for an enterprise value of $17 million (£10 million) plus one million KBC shares, totalling $19.1 million (£11.2 million). The acquisition of FEESA ma
Swissco buys Scott and English Energy
Shareholders of Swissco Holdings Limited, a marine service provider for the offshore oil and gas industry, have approved the acquisition of Scott and English Energy Pte. Ltd. for approximately $230 million (S$285 million). Scott and English Energy is in the business of owning and leasing mobile offs
Statoil’s Njord A platform up and running again
Statoil resumed oil and gas production on the Njord A platform in the Norwegian Sea on 19 July, after a major reinforcement of the platform structure. Production has been shut down since last summer. Extensive analyses and inspections in 2013 revealed a need to reinforce the Njord A platform structu
Kleven signs shipbuilding contract with IES Pioneer
Kleven has signed a new shipbuilding contract with Malaysian based Joint Venture Company IES Pioneer Ltd. The contract for the new vessel is of the MT 6015 MPSV design, designed by Norwegian design company MarinTeknikk, and will be outfitted with a crane, helideck and FiFi II. Delivery will be in Se
ExxonMobil spuds in Neptun Block off Romania
ExxonMobil Exploration and Production Romania Limited, an affiliate of Exxon Mobil Corporation, and OMV Petrom S.A. have announced the start of drilling at the Domino-2 well in the deepwater sector of the Neptun Block offshore Romania in the Black Sea. Data collected during the drilling program will
No oil in Lupus well, Tullow says (Norway)
Tullow Oil plc has announced that Tullow Oil Norge AS, operator of the production licence PL 507, did not encounter hydrocarbons in the Lupus exploration well (31/10-1) which will now be plugged and abandoned. The well is located 35 km south east of the Oseberg Sør Field and 110 km west of the islan
Silverfleet Capital acquires AGR
Norway-headquartered AGR Holdings AS (AGR) has been acquired by the independent European private equity firm Silverfleet Capital. The deal, worth NOK 1,640 million (€195m) is expected to be completed on or around the end of August 2014. AGR Holdings AS is the petroleum services division of Oslo-list
Det norske: Gohta-2 well confirms oil and gas presence (Norway)
Det norske oljeselskap ASA has announced that the Gohta-2 appraisal well in PL492 is about to be completed. The well confirmed presence of oil and gas and two production tests were undertaken. The test of the gas zone was successful, whereas the test in the oil zone was inconclusive. The appraisal w
Plexus wins equipment delivery for Centrica (UK)
Plexus Holdings PLC, has received an additional purchase order from Centrica Energy Exploration and Production to supply surface wellhead and mudline equipment services for an exploration well in the Southern North Sea, Offshore UK. The value of the order is estimated at approximately $1 million (£6
Most popular articles of the week, July 14 – 20, 2014
Workers stuck on North Sea rig due to helicopter leak A crew consisting of 18 oil workers has been left stranded on a North Sea Ensco 102 rig when discovered that the helicopter, that was supposed to fly them home, is leaking fluid. Saipem bags two FPSO contracts in Brazil and Angola Saipem has [&
PSA reviews pressure drilling on COSL Innovator
From 10 to 13 June 2014, the Petroleum Safety Authority Norway carried out an audit of Statoil’s use of managed pressure drilling using COSL Innovator on the Troll field. The objective of the activity was to audit that Statoil, the service providers, drilling contractor and other stakeholders, were