Fossil Energy
Opito unveils National Oil & Gas Skills Week (UK)
The UK’s burgeoning oil and gas industry, which employs upwards of 440,000 people and contributes billions to the economy, has unveiled plans for a nationwide initiative drawing people of all ages and from all walks of life together to discover what the oil and gas industry offers them. National Oil
North Energy farms into Tullow’s North Sea licence
North Energy has entered into an agreement with Tullow Oil Norge AS which gives it a 10 per cent holding in production licence 507. The operator is planning an exploration well on the “Lupus” oil prospect, with spudding scheduled for late June. This well will be drilled by Borgland Dolphin in about
PSA identifies need for internal auditing improvement at Faroe Petroleum
The Petroleum Safety Authority Norway (PSA) has carried out an audit of Faroe Petroleum AS as a licensee in development licences. The objective of the activity was to audit the company’s fulfilment of its licensee obligations. The main elements of the audit related to management systems, documentati
HB Rentals supports Jack-Up Barge’s Conwy gas field ops
Offshore accommodation and workspace specialists HB Rentals has been awarded a major integrated services project with self-elevating platform provider Jack-Up Barge. The contract, believed to be in the region of one million pounds, has seen HB Rentals deliver and install a 60Pax linkable accommoda
Deep Sea Supply completes 10 PSVs buyout
Deep Sea Supply, a Cyprus-based shipping company listed on the Oslo Stock Exchange, has completed the previously announced transaction to acquire ten offshore vessels. Recently, Deep Sea Supply has entered into an agreement to acquire 10 PSVs, of which 4 are currently under construction, through the
Det norske, E.ON sign Ivar Aasen swap deal
Det norske oljeselskap ASA has signed an agreement with E.ON E&P Norge AS (E.ON) to swap two exploration licenses plus a cash consideration for a 20 percent interest in license 457, containing parts of the Ivar Aasen deposit.
EMGS delighted to work with Tullow again
Electromagnetic Geoservices ASA (EMGS) has received a contract from Tullow Oil Norge AS for 3D EM data acquisition offshore Norway.
Nature Group grabs ‘West Alpha’ contract
Nature Group PLC, the provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, has announced that its subsidiary, Nature Oil & Gas AS, has been awarded a two year contract by North Atlantic Drilling Ltd. The contract concerns the deployment of a
Hurricane Energy impressed by Lancaster flow rate
Hurricane Energy plc shares jump 48% following the announcement of the Lancaster well results.
BMT’s riser monitoring system for Aasta Hansteen
Subsea 7 has selected BMT Scientific Marine Services (BMT), a subsidiary of BMT Group Ltd, to supply the riser monitoring system for the Aasta Hansteen Spar, approximately 300 km off the coast of Norway. The integrated system includes an innovative suite of remotely operated underwater vehicles (ROV
Kvarner, Statoil in Johan Sverdrup jackets delivery deal
Statoil today enters into a frame agreement with Kvaerner for the delivery of jackets for the North Sea in the period up to 2020. At the same time, the companies will sign a letter of intent for the delivery of two jackets to the Johan Sverdrup field. The frame agreement gives Kvaerner the opportuni
Ceona appoints new member to its Advisory Committee
Ceona has announced it has appointed Jean-Luc Laloë to its Advisory Committee. With over 35 years of experience in the offshore engineering and construction industry, Jean-Luc Laloë has assumed a variety of positions in areas such as engineering, project management, marketing and sales, finance, hum
Polarcus completes bond issue
Reference is made to the stock exchange notice published by Polarcus Limited on 24 June 2014 regarding the contemplated new senior unsecured bond issue. Polarcus has successfully completed a new NOK 350 million senior unsecured bond. The coupon is 3 month NIBOR + 7.25% and the Company will swap the
Ulstein Power & Control lands job on Pacific Radiance PSVs
Ulstein’s Power & Control area has been awarded the pre-commissioning contracts for all four PX121 designed PSVs under construction at SWS Offshore for Pacific Radiance.