Fossil Energy
Centrica spuds Pegasus West (UK)
Atlantic Petroleum, a Faroese independent exploration and production (E&P) company, announced that drilling of the Pegasus West well 43/13b-7 has started on P1724 in the UKCS. The well is being drilled with the Noble Julie Robertson jack-up rig in a water depth of about 95 feet. Pegasus West is bein
Wood Group announces acquisition of Agility Projects
Wood Group has reached an agreement with Agility Group to acquire Agility Projects AS, a Norwegian engineering, procurement, construction management, installation and commissioning company, for a total consideration of NOK 1,008m (approximately $164m1). Based in Sandefjord, near Oslo, Agility Projec
James Fisher, KDM Marine in JV to service offshore and subsea markets
James Fisher and Sons plc, the UK’s marine services provider, has announced the formation of a new venture with Aberdeen based company KDM Marine – James Fisher Mass Flow Excavation – to jointly offer their market-leading subsea excavation capability and resources to the offshore industry in a singl
DONG Energy invests in its Danish expansion
The positive development within the offshore industry has made it necessary for DONG Energy to extend the company’s office and storage facilities in the Port of Esbjerg. Therefore, DONG Energy has entered into an agreement with Blue Water Shipping to expand the two companies’ existing lease agreemen
Tax regime must be simplified and headline rates reduced, Oil & Gas UK says
Oil & Gas UK has welcomed HM Treasury’s announcement today (14 July) of a formal consultation into the future of the UK offshore oil and gas tax regime. The industry’s leading trade body believes the sector faces an uncertain future and that the tax review is therefore now urgently needed. The UK co
Noble Corp. gives green light to Paragon spin-off
Noble Corporation plc’s board of directors has approved the spin-off of Paragon Offshore plc, a wholly-owned subsidiary of Noble, through a pro rata distribution of an aggregate of 84,753,393 Paragon ordinary shares to the holders of Noble ordinary shares. Noble shareholders will receive one ordinar
IFS partners with Deloitte in Benelux
IFS, the global enterprise applications company, has signed an agreement with Deloitte, making the professional services firm its strategic partner for the deployment of IFS Applications™ in the offshore, oil & gas and maritime industry in the Benelux. Through the agreement, IFS is expanding its par
PSA audits barrier management on Johan Sverdrup
On 20 and 21 May 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil’s barrier management in the early phase of the Johan Sverdrup project prior to the plan for development and operation (PDO). The objective of a pre-PDO audit is to monitor that the operator’s plans and
EMGS hired for 3D acquisition in Barents Sea
Electromagnetic Geoservices ASA (EMGS) has received a contract worth $2.7 million from OMV (Norge) AS and its partners in PL537 for 3D EM data acquisition in the Barents Sea. The survey will start in July using the vessel Atlantic Guardian. Atlantic Guardian is a cable laying / seabed mapping vessel
Most popular articles of the week, July 7 – 13, 2014
Petrobras facing $15B loss in case of SBM Offshore contracts termination Petrobras, Brazil’s state-controlled oil company, has said that it may have a reduction of $15 billion in net income between 2014 and 2018 in case of termination of current contracts with SBM Offshore. Offshore helicopter saf
Solan facilities nearing completion, Premier Oil says
Premier Oil, a UK-based independent oil and gas company, has informed that the development of the Solan field in the UK North Sea, west of the Shetland Islands, is progressing well. In its recent trading update, the company said that the construction and onshore commissioning of the jacket and the t
Bumi Armada orders Pusnes system for Kraken FPSO
MacGregor, part of Cargotec has won an order from Bumi Armada Berhad, a Malaysia-based international offshore oilfied services provider, to supply a Pusnes offloading system for a floating production storage and offloading (FPSO) conversion project. The Pusnes offloading system will be delivered by
UK: CAA approves improved EBS for offshore helicopter passengers
The UK Civil Aviation Authority (CAA), the UK’s specialist aviation regulator, yesterday announced the approval of a new enhanced emergency breathing system that will deliver improved levels of safety for offshore helicopter passengers. The move follows a series of measures announced in February to
‘Pieter Schelte’ to be completed in Rotterdam
Pieter Schelte, the biggest vessel of its kind in the world, is to be completed in the port of Rotterdam.