Fossil Energy
Det norske gets $3B loan
In relation to Det norske’s acquisition of Marathon Oil’s assets in Norway, Det norske oljeselskap ASA has today said it has now signed a reserve-based lending facility (RBL Facility), fully underwritten by BNP Paribas, DNB, Nordea and SEB. The RBL Facility is a senior secured seven-year USD 3.0 bil
EMGS extends ‘Boa Galatea’ contract for another year
Boa Offshore has announced that EMGS ASA has declared the second of the originally 3 x 12 months options for the vessel S/V Boa Galatea as per charter deal signed 12.03.2007. The vessel will now remain with EMGS on a firm contract up to 17th of July 2016, with an option to extend for another year. T
Westcon to convert flotel into tender support vessel
Westcon has been given the contract of modifying the flotel Safe Scandinavia to a support vessel for drilling operations.
Statoil gets nod for extended use of Statfjord installations
Statoil has received consent for extended use of Statfjord C, Statfjord Nord, Statfjord Øst and Sygna fields beyond their original design lives.
Noreco: Production ramping up at Huntington. Nini, Cecile back on stream
Norwegian Energy Company (Noreco) in June 2014 produced 7 350 barrels of oil equivalents per day (boepd) on average. Net realised price in June was USD 103.5 per barrel of oil equivalents (USD 111.5 per barrel of oil) after adjustments for inventory, NGL and gas prices. For the second quarter 2014 p
Statoil, Exxon Mobil and Gassco award framework agreement to Technip
Technip has been awarded a new framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replacement of an existing frame agreement held for eight years, Technip will provide these services f
Claxton performs first rigless removal of stuck BHA
Claxton Engineering Services Ltd, an Acteon company, has completed the first rigless removal of a stuck bottom hole assembly (BHA). The work was completed during a slot recovery operation using an innovative approach at Maersk’s Tyra East field in the Danish sector of the North Sea. The well was dri
MTN in charge of Technip vessels’ broadband comms
MTN Communications (MTN) has announced that Technip, a world leader in project management, engineering and construction for the energy industry, has awarded a new contract that will service a substantial portion of its global fleet with critical, high-availability broadband communications. MTN has d
RMEC plans to expand facilities as part of five-year growth strategy
Oilfield services company RMEC Ltd is expanding its industrial facilities in Scotland in support of ongoing growth in the energy sector as it looks to increase turnover to £16 million by 2019.
Petrobras facing $15B loss in case of SBM Offshore contracts termination
Petrobras, Brazil’s state-controlled oil company, said today 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. To remind, SBM Offshore, the world’s largest provider of floating production units has been accu
Oil & Gas UK supports Expert Commission’s call for urgent fiscal reform
Oil & Gas UK has welcomed the report published by Scotland’s Independent Expert Commission on Oil and Gas as a constructive and helpful contribution to the debate about the future direction of the offshore oil and gas industry. The report: Maximising the Total Value Added; was commissioned by the Sc
NOF Energy moves conference to Sage Gateshead (UK)
NOF Energy, the business development organisation for oil, gas, nuclear, offshore renewables sectors, has announced its 2015 national conference, ‘Energy: A Balanced Future’, will take place at Sage Gateshead to meet growing interest in the event. Taking place on 10 and 11 March 2015, the fifth-annu
New management appointments at Lukoil Overseas
A number of new management appointments have been made at LUKOIL Overseas, the operator of LUKOIL’s international upstream project. Alexander Cornelius has been appointed Vice President for Production Services and Project Support. Sergey Suchok has been appointed Vice President for Production. Marat
Durastic delivers floor coverings for BP’s offshore production units
Marine flooring manufacturer Durastic has supplied a range of its specialist products to Hyundai Heavy Industries in South Korea to help build a North Sea-bound FPSO and platform for BP. Durastic, which has sites in Liverpool, Jarrow and Southampton, UK, has supplied underlay and floor coverings alo