Fossil Energy
Aker Solutions sheds light on demerger proposal
The board of directors of Aker Solutions has in accordance with the strategy disclosed April 30 resolved to propose to the company’s shareholders that Aker Solutions be split into two companies. The board has also determined to write down the value of some assets in the Aker Oilfield Services unit o
BG wraps up CATS divestment
BG Group today announced it had completed the sale of its 62.78% equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners. Total proceeds from the transaction, announced on 17 June 2014, are up to £
ADIL caps successful first six months
ADIL, an independent energy consultancy, has capped a successful first six months of 2014 with contract wins totalling in excess of £3million across its Aberdeen and London operations. The company, which has secured projects with four new clients during Q1 and Q2, has seen the most significant growt
Kongsberg to provide 24/7 support for OMV drilling ops
Kongsberg Oil & Gas Technologies AS, has signed a four-year, multi-million dollar drilling data contract with Vienna-based OMV Group for all of its global drilling activities. The contract calls for KONGSBERG to equip OMV with the SiteCom® real-time operations support solution, which will provide 24
MTCS, KBA announce ROV High Voltage course in Aberdeen
In commercial ROVs the voltage can be in the area of 48volts and can go up to 1000, so correct use when carrying out repairs and maintenance is imperative.
AMEC catches Sea Lion FEED
Rockhopper Exploration has confirmed that Premier Oil, operator of the Sea Lion field in the North Falkland Basin in which Rockhopper holds a 40 per cent interest, has now formally awarded the Tension Leg Platform (TLP) Front End Engineering and Design (FEED) contract to AMEC. As Premier confirmed i
COSCO to build two more PSVs for Vroon
China’s COSCO Guang Dong Shipyard Co. Ltd is going to build a further two platform supply vessels of the ULSTEIN PX121 design for
Noble wins work for jack-up trio. Welcomes new rig to its fleet
Noble Corporation has secured more work for three of its jack-up drilling rigs.
Charter hire increased for ‘Polarcus Naila’
Polarcus Limited has entered into an addendum to the sale and lease-back financing arrangements dated 30 June 2008 for Polarcus Naila seismic vessel. The parties to the arrangement have agreed to increase the charter hire under the terms of the bareboat charter by USD 8,600 per day effective from 15
VNG makes oil discovery at Bue prospect
Rocksource ASA has announced another oil discovery with the success of the Bue exploration well, in the Norwegian Sea. This marks the third successful well on the PL 586 licence following the VNG-operated Pil discovery and appraisal wells earlier this year. Rocksource currently estimates that Pil an
Vroon: Watch ‘VOS Sugar’ and ‘VOS Star’ video
Vroon Offshore Services has made a video promoting their newbuild subsea-support vessels VOS Sugar and VOS Star. Both vessels are being built at Fujian Southeast Shipyard, China and are due for delivery in 2015. VOS Sugar and VOS Star have a 68.04 m length overal, 14.95 metres beam moulded and can a
Damen secures two PSV orders in Brazil
Wilson Sons (Brazil) and Damen Shipyards Group (NL) have recently signed a contract for two Damen PSV 5000 platform supply vessels. This contract further strengthens the high level of cooperation between Damen and Wilson Sons, where Wilson Sons builds vessels locally using a Damen design, engineerin
Sparrows reports 25 per cent profit rise
Sparrows has announced annual results which show a 12% increase in turnover and almost 25% rise in profits. The Aberdeen headquartered company, which provides engineered products and services to the global oil and gas industry primarily in offshore lifting and mechanical handling, has also created o
Aibel to hook-up Oseberg C living quarters
Statoil has awarded Aibel the contract for the hook-up of new living quarters to the Oseberg C platform. The contract has an estimated value of about NOK 125 million.