Fossil Energy
No IPO for Shelf Drilling
Shelf Drilling, Ltd. a shallow water offshore drilling contractor, has decided not to proceed with its announced Initial Public Offering at this time. The company says that this decision has been reached due to challenging public market conditions despite a positive response from prospective investo
Subsea 7 extends ‘Havila Subsea’ charter
Subsea 7 S.A. has exercised its contractual option to extend its existing charter for the Havila Subsea vessel.
Norway’s Kvaerner and China’s COOEC enter JV
Kvaerner and China Offshore Oil Engineering Co. Ltd (COOEC) have established an Engineering Joint Venture, Kvaerner COOEC Engineering & Technology Ltd (KCET), located in Qingdao, Shandong, China. KCET is established to carry out and further develop joint engineering capability for international EPC
Naming ceremony for BP’s new PSVs
The vessels will be used to support the oil company’s operations west of Shetland.
Planned shutdowns impact June production, Atlantic Petroleum says
Atlantic Petroleum has announced that during the month of June, Atlantic Petroleum produced a net total of 38,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields in the UK North Sea. The average daily production was 1,267 boe per day net to the Company. Production fo
Gazprom as welcome as any other oil company, Croatia Prime Minister says
Croatia’s Prime Minister Zoran Milanović has said that Russian oil and gas giant Gazprom is as welcome to explore for oil and gas deposits offshore Croatia as any other oil company. Asked whether the message would provoke criticism of the West, he said that Croatia would not be drawn into the bicker
Oil & Gas UK: Nominations for Eighth Annual Awards now open
Today (1 July) Oil & Gas UK has launched its quest to find the most outstanding companies and inspirational people working in the offshore oil and gas industry by opening the nominations for this year’s Awards. The Oil & Gas UK Awards, sponsored by Shell U.K. Limited, will take place at Aberdeen’s E
Largest ever 3D survey offshore Ireland kicks off
Polarcus Amani seismic vessel, owned by Polarcus, has mobilized for a 4,400 sq. km RIGHTBAND(TM) 3D multi-client survey in the Southern Porcupine basin, offshore Ireland. The multi-client project, being acquired in collaboration with ION GeoVentures and GeoPartners, will be the largest ever 3D multi
Havyard now listed on the Oslo Stock Exchange
The Havyard stock, with the ticker HYARD, began trading from 9 o’clock today at the Oslo Stock Exchange and at 13 o’clock President & CEO Geir Johan Bakke rang the ceremonial bell. In February, the majority owner Havila Holding announced the planned IPO of Havyard Group. The IPO will improve the pre
KNOT Offshore completes ‘Hilda Knutsen’ and ‘Torill Knutsen’ acquisition
KNOT Offshore Partners LP has announced that it has completed its acquisition of all the ownership interests in the companies that own and operate the shuttle tankers Hilda Knutsen and Torill Knutsen. The purchase price of the Hilda Knutsen was $166.0 million, net of $109.6 million of outstanding in
Saipem recognises FoundOcean’s Edvard Grieg effort
FoundOcean was awarded ‘Top Sub-Contractor’ status for the North Sea Edvard Grieg development, following completion of the foundation grouting for the 134m jacket structure in May 2014. Saipem Project Manager David Fleet praised FoundOcean for their proficiency. “We wanted to recognise the thorough
Keppel lands Kraken FPSO deal
Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly owned subsidiaries Keppel Shipyard Ltd and Keppel Singmarine Pte Ltd have secured contracts worth a total of S$368 million (USD 295 million). The contract secured by Keppel Shipyard is for the conversion of a Floating Production Storage and Offloadi
CPP topside en route to V. Filanovsky field in Caspian Sea
Last week Lukoil began transporting of the topside of the central processing platform (CPP) from Astrakhan to the Russian sector of the Caspian Sea, where construction of field facilities is underway at Vladimir Filanovsky field. The CPP is designed for the processing and platform-to-shore transport
Statoil gets Mercury nod
Statoil has received consent to carry out exploration drilling of well 7324/9 Mercury in production licence 614 in the Barents Sea using the Transocean Spitsbergen semi-submersible drilling rig.