Fossil Energy
Most popular articles of the week, May 12 – 18, 2014
Lukoil confirms helicopter crash offshore Ghana. Three dead Lukoil Overseas, operator of international upstream projects of LUKOIL Group, has confirmed that on Thursday, May 8th, 2014, a helicopter crashed in the coast waters of the Republic of Ghana 3.4 nautical miles (5.4 km) from Takoradi. Vietna
Power from land for Utsira Height to delay Johan Sverdrup?
A majority in the Norwegian Energy and Environmental Committee today presented a proposal to the Storting which involves the supply of power from land to the entire Utsira Height. Power from land to all of Utsira is one of three options in the concept study for Johan Sverdrup. Statoil and partners a
South Stream offshore project progressing well
The Supervisory Board of Directors of South Stream Transport B.V. met today at the Company’s headquarters in Amsterdam. During the meeting, the four Shareholders noted that the offshore Project is on track. Dr. Henning Voscherau, Chairman of the Supervisory Board: “The progress of the Offshore Proje
Another delay for Goliat FPSO. Unit to leave Korea in 2015
The Goliat FPSO will depart the Hyundai yard in South Korea in early 2015, a decision taken at a licence meeting on Friday 16 May, Eni Norge has reported.
GAC to improve Novorossiysk base for Black Sea ops
GAC Russia is underlining its commitment to offshore oil & gas exploration and extraction in the Black Sea with a major project to upgrade its facilities at the port of Novorossiysk. The Black Sea is one of the areas in which the development of fields looks set to boom as Russian oil majors are gran
Babcock buys Avincis
Babcock International Group PLC, UK’s engineering support services organisation, has completed the acquisition of Avincis Mission Critical Services Topco Limited (“Avincis”).
BMT Group appoints new Board member
BMT Group Ltd, an international design, engineering and risk management consultancy, has announced that Charles Packshaw has joined the Board of Directors as a non-executive Director. Packshaw has thirty years’ experience working with financial institutions in the City of London and is currently Hea
Wärtsilä bags order for Aasta Hansteen spar platform
A new spar platform being built for Statoil’s Aasta Hansteen field off the coast of Norway will feature Wärtsilä’s Inert Gas and Nitrogen Generator systems. The contract has been issued in the first quarter 2014 by Hyundai Heavy Industries (HHI) of South Korea, the yard building the platform. The Wä
Sevan Drilling takes mobilisation fee for Sevan Louisiana
Norwegian drilling contractor Sevan Drilling has received a mobilisation fee for its Sevan Louisana drilling rig.
Polarcus’ revenues down
Polarcus Limited, a UAE-based owner of seismic survey vessels announced a drop in revenue for the first quarter 2014. The company said that the effects of the challenging market conditions at the end of 2013 spilled over into the start of 2014, as the Company recorded lower revenues during the quart
DOF Subsea wins work on Global Producer 3 FPSO
DOF Subsea UK Limited, a provider of integrated subsea solutions, has been awarded a contract by Maersk Oil UK to undertake replacement of the Dumbarton Drill Cluster Centre (DCC) flexible production riser at the Global Producer 3 FPSO located in block 15/20 of UK sector North Sea. The work will tak
Kvaerner: Eldfisk topside sail away ceremony
Today, the Eldfisk 2/7 S topside, completed in April, leaves Kvaerner’s yard at Stord, Norway. In March 2011 Kvaerner signed a contract with ConocoPhillips to deliver the topside for the Eldfisk 2/7 S integrated production platform. The topside was completed in April 2014 as planned, and will be tow
Tullow gets approval to use Borgland Dolphin (Norway)
Tullow Oil Norge AS has received consent for exploration drilling using the Borgland Dolphin mobile drilling facility to drill well 31/10-1 in production licence 507, offshore Norway.
Transocean nets $953M in drilling contracts
Transocean Ltd. has, since April 17, received new drilling contracts valued $953 million in total. In its fleet status report, the drilling contractor said that its Dhirubhai Deepwater KG1 drillship was awarded a three year contract offshore Brazil at a dayrate of $440,000 ($482 million estimated ba